Saturday , September 19 2020
Breaking News
Home / Tag Archives: MADRID

Tag Archives: MADRID

Spanish property developer Martinsa Fadesa says to file for liquidation bankruptcy

MADRID: Spanish property developer Martinsa Fadesa has said that it would file for liquidation bankruptcy in one of the country’s biggest insolvencies, which comes as the sector shows signs of recovery from a 2008 real estate collapse. The company, a symbol of the excesses that led to the country’s property sector collapse, said in a regulatory filing that its board ... Read More »

Spain creates over 430,000 in 2014, returns to growth first time since 2008

MADRID: Spain has created more than 430,000 jobs over the course of 2014 and returned to growth after six-year slum, official data showed at the end of January. The Spanish economy, the eurozone’s fourth-largest, expanded by 1.4 per cent last year after contracting by 1.2 per cent in 2013, according to the National Statistics Office. It is the first time ... Read More »

Spanish Abertis purchases 90% of Wind Telecomunicazioni’s Tower Unit

MADRID: Spain’s Abertis Infraestructuras SA has said that it has agreed to buy 90% of the telecommunication tower business of Italy’s Wind Telecomunicazioni SpA for €693 million ($774 million). Abertis, a Barcelona-based company with interests in sectors spanning toll roads, radio and TV broadcasting and telecoms, said it would become Europe’s largest operator of such towers following the deal. For ... Read More »

Spanish Muslims business owners experience compressed by new zoning suggestions

MADRID: Spanish Muslims business owners have experienced compressed by New Zoning suggestions. Spain’s Mediterranean coast is home to the country’s biggest Muslim community and in one town there, local politicians have proposed new zoning laws that have people pondering what it means to be Spanish, or Muslim, or both. Ruling conservatives in the town of Tarragona want to limit the ... Read More »

Spanish manufacturing sector enlarges in February 2015

MADRID: The Spanish manufacturing sector has expanded in February as new orders logged its fastest growth since April 2007, survey data from Markit Economics showed Monday. But the overall rate of growth moderated from January. The seasonally adjusted Purchasing Managers’ Index fell to 54.2 in February from 54.7 in January. The health of the sector strengthened in each of the ... Read More »

Spanish port considers liquefied natural gas Bunkering infrastructure

MADRID: Spanish port has been considered a liquefied natural gas Bunkering infrastructure. The LNG bunkering facilities would be part of a proposed gas export terminal. The Port said it planned to carry out the project in conjunction with other ports as well as Spanish company Enagas. The port hopes to receive some of the project finance from €50 billion (€55.9 ... Read More »

Spanish port considers liquefied natural gas Bunkering infrastructure

MADRID: Spanish port has been considered a liquefied natural gas Bunkering infrastructure. The LNG bunkering facilities would be part of a proposed gas export terminal. The Port said it planned to carry out the project in conjunction with other ports as well as Spanish company Enagas. The port hopes to receive some of the project finance from €50 billion (€55.9 ... Read More »

Spanish economy expands by 1.4% in 2014

MADRID: Spanish economy has expanded by 1.4 percent in 2014, after five years of recession or no growth. The gross domestic product (GDP) of the eurozone s fourth largest economy rose to 1.06 trillion euros, Ine said in a statement. Last year also marked the first full year of economic growth since a 2008 property crash which put millions of people ... Read More »

Spanish economy expands by 1.4% in 2014

MADRID: Spanish economy has expanded by 1.4 percent in 2014, after five years of recession or no growth. The gross domestic product (GDP) of the eurozone s fourth largest economy rose to 1.06 trillion euros, Ine said in a statement. Last year also marked the first full year of economic growth since a 2008 property crash which put millions of people ... Read More »

Spain tries to attract Chinese tourists

MADRID: Spanish Prime Minister Mariano Rajoy has visited China and announced that visa applications from the country’s travellers would be processed within 48 hours. Spanish five-star hotels are serving up white rice for breakfast as Spain offers quicker visas and seeks more direct flights from China to tap into the surging wave of Chinese tourists. The government is also in talks ... Read More »

Spain tries to attract Chinese tourists

MADRID: Spanish Prime Minister Mariano Rajoy has visited China and announced that visa applications from the country’s travellers would be processed within 48 hours. Spanish five-star hotels are serving up white rice for breakfast as Spain offers quicker visas and seeks more direct flights from China to tap into the surging wave of Chinese tourists. The government is also in talks ... Read More »

Spanish tax collecting body uses social media to spy tax dodgers

MADRID: Spain’s main tax collecting body has been using social media to spy on people. It believes that may be guilty of financial fraud, and the operation continues to expand. The country’s Inland Revenue agency has reportedly used sites such as Twitter to trace the activities of individuals they believe may be involved in tax evasion. It comes shortly after the ... Read More »

Spanish tax collecting body uses social media to spy tax dodgers

MADRID: Spain’s main tax collecting body has been using social media to spy on people. It believes that may be guilty of financial fraud, and the operation continues to expand. The country’s Inland Revenue agency has reportedly used sites such as Twitter to trace the activities of individuals they believe may be involved in tax evasion. It comes shortly after the ... Read More »

France, Spain open cross-border power line with capacity from 1,400-2,800MGW

MADRID:  France and Spain have inaugurated a cross-border power line, doubling the amount of electricity the countries can exchange as the European Union pushes for stronger ties between national grid systems within the bloc. It has capacity from 1,400MGW to 2,800MGW. The Santa Llogaia-Baixas link will raise electricity inter connection capacity between France and Spain to 2,800 megawatts from 1,400 ... Read More »

Spain accuses 700 HSBC account holders of tax evasion

MADRID:  Spain has accused 700 HSBC account holders in tax evasion amnesty. The two high-level tax officials under former prime minister José Luis Zapatero’s administration of helping hundreds of suspected tax dodgers implicated in the HSBC scandal to avoid possible jail sentences, according to Spanish daily newspaper El Pais. María Dolores Bustamante, the former director of tax management at Spain’s ... Read More »

Spain exceeds Italy and France as largest wine exporter

MADRID: Spain has become the largest wine exporter in the world even exceeds Italy and France as largest exporter of the world. Between September 2013 and September 2014, Spain sold a total of 2.168 billion liters of wine (+19.9%), compared with Italy’s 2.035 billion liters (-1.7%). A year ago Italy was the top exporter with 2.071 billion bottles and Spain ... Read More »

Spain exceeds Italy and France as largest wine exporter

MADRID: Spain has become the largest wine exporter in the world even exceeds Italy and France as largest exporter of the world. Between September 2013 and September 2014, Spain sold a total of 2.168 billion liters of wine (+19.9%), compared with Italy’s 2.035 billion liters (-1.7%). A year ago Italy was the top exporter with 2.071 billion bottles and Spain ... Read More »

Spanish customs working closely with France, Portugal, Italy, US to combat smuggling rackets

MADRID: Spanish authorities warned jihad terrorist groups were financing their operations with massive shipping of cannabis from north Africa to the south and east of Spain, southern France and the west coast of Italy. Spanish customs officers are working closely with their counterparts in France, Portugal, Italy and the USA to combat the smuggling rackets, and say the most recent ... Read More »

Spain spends $8.355b on 94,152 new businesses in 2014

MADRID: Spain has spent 8.355 billion dollars on new businesses in the last year while the average amount of capital stood at 78,645 euros more than in 2013. The total number of new businesses created in Spain increased by 0.8 percent in 2014, according to data published on Wednesday by the Spanish Statistical Office. The INE reported that a total ... Read More »

Spain’s Abengoa to make joint venture with EIG Global Energy Partners to launch $9.5b project

MADRID: Abengoa Spanish Multinational Corporation jumped the most in seven weeks after the Spain’s renewable energy company said it plans a joint venture with EIG Global Energy Partners Limited Liability Company to invest in projects under construction. Abengoa’s Class B shares climbed 16 per cent to 2.19 euros in Madrid. The Seville based company’s 5.5 per cent bonds issued through its ... Read More »