MADRID | By Julia Pastor | Sareb would be preparing the selling of a portfolio valued at around €200M, which includes 38 houses located in Valencia and Andalucia, as well as a group of unfinished buildings.
Israel Railways will activate a contract option with Vossloh España, the Spanish subsidiary of the German Vossloh Group, and purchase nine more train Euro3000 locomotives . Last year, Vossloh España provided 15 Euro3000 units and 14 Euro4000 ones. Israel Railways has already been delivered 73 locomotives designed and manufactured in Vossloh España’s factory in Valencia. The €100-million initial operation has now been extended at a further €30 million value. Israel Railways…
By Joaquim Clemente, valenciaplaza.com | All finance activity planned at the autonomous government of the Valencia region must now be approved by the Spanish Treasury in Madrid before going ahead. If regions in Spain that have sought a bailout from the central administration follow the Valencia pattern, they would have seen their financial rights severely limited as a condition to tap loans from the state agency ICO, a Treasury’s credit…
By Cruz Sierra, in Valencia | valenciaplaza.com | Bad timing. It must feel at least challenging to become chairman of the employers' association Cierval in the region of Valencia. The autonomous government recently asked Madrid for help to face its debts, while Madrid itself negotiates in Brussels softer deficit targets and the conditions of a banking bailout for the country's financial industry. José Vicente González said in an interview with VP that…
Spain’s largest supermarket chain increased its turnover in 2011 to €17.831 billion, 8% up from 2010’s figures. The company, whose headquarters are in Valencia, brought some Mediterranean sun over the Spanish economy when it released this week its 2011 results. Mercadona’s productivity growth rate was 2%, earning a profit after tax of €474 million or 19% more than in 2010. Also, the supermarket has created 6,500 new permanent jobs in 2011,…