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Spanish economy

Spain inflation

Spanish economy 21st October 2020

Average Annual CPI Rate For This Year And Next Cut To -0.3% And 0.7%, Respectively By Funcas

Prices in Spain fell by 0.4% in September from a year earlier. This means six months of negative yearly rates since the outbreak of the COVID-19 pandemic. In view of these figures, economists at Funcas have cut by one and two tenths of a percentage point their forecasts for the average annual CPI rate for this year and next to -0.3% and 0.7%, respectively. This is because crude has been trading in recent weeks in the range of $ 41, below the level seen in its previous scenario of projections.

Aena Indonesia

Ibex, Markets, Spanish economy 20th October 2020

Aena Seeks Paths For Growth Abroad: Pre-Qualified For An Airport In Indonesia

With the summer season over, the fall in traffic at Spanish airports has increased. In September traffic contracted by 79.9% to 5.46 million passengers compared to August – the accumulated drop for the year is -69.7%. However, Aena is trying to open up other growth channels through international expansion. To this end, it has announced it will bid for an airport in Indonesia.

Bosqueok

I.R. Spain, Spanish economy 19th October 2020

ESG Investing In Spain: A Tsunami Of Regulations And Standards; Little Information From Companies And Investment Fund Managers Under Pressure

KPMG, DWS, BNP and Caixabank analyse the changes that sustainability regulation will bring about for companies, markets and investors. In a virtual meeting held at the IEAF-FEF, sustainability experts explained the challenges they face in the ever-changing legal and operational framework surrounding sustainability at an international level.

CAF consolidates its position in France with the rehabilitation of 43 trains for Paris

Markets, Spanish economy, Spanish Small & Mid Caps 19th October 2020

CAF Favourite To Take Over Alstom’s Assets

Spain’s CAF is amongst the investors interested in buying the only factory Alstom has put up for sale in France to meet the conditions imposed by the European Commission on the purchase of the Canadian firm Bombardier. In fact, CAF is the favourite to take over Alstom’s assets. The French unions have positioned themselves in favour of CAF due to the size of the company and their commitment to retaining the entire workforce. That said, CAF will have to compete with Skoda for the factory. 

spain sustainable funds

Spanish economy 19th October 2020

45% Of Spanish Investors Opt For Sustainable Funds

According to a Schroders’ Global Investment Study 2020, which surveyed 23,000 investors in 32 locations around the world, interest in sustainable investment products has increased globally. Up to 47% of global investors acknowledge that they invest in sustainable products, compared to 42% two years ago. This upward trend has also been seen in Spain, where 45% of those surveyed were encouraged to invest sustainably, an increase of 7% compared to the results for 2018 (38%).

Spain property

Spanish economy 19th October 2020

The Impact Of The COVID-19 Crisis Begins To Be Felt In Spain Housing Prices

Indicators for the real estate market show a significant recovery in activity in the sector, following the standstill during the state of alarm. On the demand side, home sales recovered well in July and increased by 20% month-on-month, although in cumulative terms for the year to date there is still a year-on-year decline of 25.8%. On the supply side, the construction sector has also quickly restarted its activity. In August, cement consumption was only 2.1% below the level of August last year, with a notable recovery from the 50% fall registered in April.

Spain, Nadia Calviño

Spanish economy 16th October 2020

Spain’s Budget Plan For 2021: 7.3% Increase In Revenue, Expenditure Ceiling Over 50%

Spain sent yesterday the Budget Plan for 2021 to the European Commission. It estimates an increase in absolute terms of 33.44 billion euros (+7.3% per year) thanks to the increase in activity and by fiscal measures. The proposal is based on a non-financial spending limit of €196.09 Bn, 53.7% higher than that approved in February. The new macroeconomic framework forecasts a fall in GDP of 11.2% this year, with an unemployment rate of 17.1%, and a growth of 7.2% in 2021.

Endesa energy poverty

Ibex, Markets, Spanish economy 16th October 2020

Endesa Proposes Receiving €16 Bn from European Funds To Mobilise €19 Bn In Investments

Endesa has put forward 110 projects eligible for the EU recovery fund. The whole of these projects would mean a total investment of 19 billion euros (53% of its Enterprise Value and 75% of its capitalization). So the company is requesting 16 billion euros (85% of implicit leverage) from the EU recovery funds. Member countries can submit proposals from today until April 30th, 2021.

Spain renewables auctions in 2022

Spanish economy 15th October 2020

Spain’s Wind Power Sector Proposes 9 Projects To Raise €12 Bn Of Private Investment With EU Funds

The wind power industry has put forward nine projects using part of the European reconstruction funds allocated to Spain. Earmarking €1.165 Bn from the funds would allow for the activation of private investments worth over €12 Bn and would create more than 30,000 jobs. These projects would make it possible to generate 17.32 terawatt hours of wind power on a national scale. This is equivalent to 30% of the increase in wind power generation envisaged in the National Integrated Energy and Climate Plan (PNIEC).