Category: spain
Bureaucracy, taxes and regulation keep Spanish companies too small
By CaixaBank research team, in Barcelona | The average size of Spanish firms is smaller than that of other countries with a similar degree of development. According to the Central Company Directory, at 1 January 2011, out of the total 3.25 million firms in Spain, 99.9% were small and medium-sized enterprises; that is, they employed [...]
Spain’s recovery is on its way, Telefónica’s chairman assures investors
By Julia Pastor, in Madrid | Telefónica’s president César Alierta devoted his speech during the company’s general shareholder meeting to claim that markets are not considering the company’s growth potential, as well as to defend that Spain is “a very solvent country.” According to the data gathered by Link analysts, Alierta stressed Telefónica’s high dividend [...]
Spain’s small companies receive €400-million European credit line
The European Investment Bank opened credit lines in support of small and medium-sized companies in Spain with two €200 loans to Banesto and Banco Popular. The EIB loan granted to Banesto is its first with the Spanish entity under the Bank’s new SME credit strategy and it will facilitate access to finance in the current economic crisis. [...]
Tuesday’s chart: real estate asset coverage in Spain’s banks
Performing real estate assets in Spanish banks must now be provisioned at 30 percent of its book value, which will raise the average coverage ratio for all real estate assets to 45 percent. Then, troubled and toxic real estate assets will be transferred to an asset management company (sociedad de gestión de Activos) and the rest of the [...]
