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 […]

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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 […]

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Spanish Business Climate Index (Barómetro del Clima de Negocios) for 2019 presented at the Ministry of Economy and Trade in Madrid on 27th November 2019

On 27.11.2019 the Business Climate Index for the year 2019 was presented at the Spanish Ministry of Industry, Trade and Tourism (Ministerio de Industria, Comercio y Turismo) in Madrid. Representatives of foreign chambers of commerce, embassies and consultants who accompany investors on their investments in Spain were invited, including attorney Dr. Bernhard Idelmann of the […]

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