Fernando Rodríguez | 96.3% of the outstanding volume of Spanish fixed income with rating – 1.76 trillion euros – was Investment Grade, BBB or higher – at the end of 2020. This is only three tenths of a percentage point lower than in March of the same year, according to a study included in the CNMV Bulletin for the first quarter of this year, published recently. The supervisor’s study concludes…

Funcas | The aim of this note is to outline the recent initiatives in terms of direct aid from the governments of Germany, Spain, France and Italy. While in Italy the aid has been extended to the whole economy, as in Germany and France, in Spain it is limited to the sectors most affected (commerce, hotels and restaurants, leisure, etc.). The amount of aid is relatively low in Spain compared to the other three countries, however Spain is the only country that grants a minimum benefit of 4,000 euros for all eligible businesses. 

Spain is the country most affected by the decline in productivity due to the Covid-19 pandemic because its economy is more vulnerable. The reason is it depends on the most affected sectors, like tourism, hotels and restaurants, having fewer manufacturing companies, according to a recent article in the European Central Bank’s Economic Bulletin. The article analyses the impact of the Covid-19 pandemic on the productivity of German, French, Italian and Spanish companies.

In the coming months, the uneven evolution of the different markets as they exit the crisis will provide an opportunity for those companies capable of grabbing the opportunities of the recovery in the global market. However, 89% of Spanish companies only operate in the domestic market, with no prospects outside our borders. This data has emerged from nearly 250,000 interviews conducted by Iberinform with the management teams of Spanish firms.

In August up to 5,407 new companies joined the Spanish business network compared to 5,407 in the same month last year, leaving behind five consecutive months of declines due to the Covid-19 crisis, reported the Association of Registrars. Specifically, the incorporation of companies grew by 8.4% year-on-year in August, compared to the 72.1% drop recorded in April, the 56.4% fall in May, the drop of 10 pct in June and the more moderate decline of 3.4% in July.