News Blog | Dr. Idelmann & Associates

Gibraltar becomes part of the Schengen Area – Nightmare of a border closure with Spain stopped at last minute

The British exclave of Gibraltar will be part of the Schengen area in the future. The airport and seaport of Gibraltar will become the new EU external border in the far southwest of Europe. „Schengen will be applied to Gibraltar, with Spain as an EU member state taking responsibility,“ Spanish Foreign Minister Arancha González Laya […]

Wave of bank mergers in Spain continues – BBVA and Banco Sabadell plan merger

As the Spanish and international press has reported in recent days, the BBVA and Banco Sabadell are planning a merger. Prior to this, the Spanish bank supervisory authority (Comisión Nacional del Mercado de Valores/ CNMV) had issued a mandatory announcement about the merger project of the two banks. The merger between BBVA and Sabadell would […]

Spanish banks – Merger between CaixaBank and Bankia expected to be imminent

As reported in the Spanish press, notably the daily El Mundo, on 3 September 2020, CaixaBank of Catalonia and Madrid Bankia are preparing the merger. The Spanish banking regulator, the Comisión Nacional de Mercado de Valores (CNMV), has already been officially informed about the merger. On the basis of 2019 figures, the proposed merger would […]

The Spanish real estate market is already feeling the effects of the corona pandemic

. Real estate investors in Spain are finding it necessary to adjust the value of their portfolios to the circumstances. Hotels and the retail sector are particularly affected. The detailed article in the Spanish business newspaper Expansión published on 5 May 2020 provides a good insight into the situation in Spain. On the other hand, […]

Corona pandemic – Spain launches guarantee programme of up to 100 billion euros to support companies and self-employed professionals

On 24 March 2020, the Spanish government launched a guarantee scheme to provide liquidity to companies and self-employed professionals (Autónomos). This is intended to eliminate financial bottlenecks caused by the Corona pandemic. Of the 100 billion euros provided, a tranche of 20 billion euros will initially be made available. At least half of this is […]

Corona pandemic – Swiss government decides on liquidity support for mid-caps – volume CHF 40 bn

As a consequence of the corona pandemic, the Federal Government in Switzerland adopted an emergency ordinance on 25.03.2020 to support small and medium-sized enterprises (SMEs). The Decree enters into force today, 26.03.2020. It concerns liquidity support for Swiss SMEs, which is provided with federal funds in the form of loans and guarantees. The total volume […]