The Third Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calvià ± o, said this Saturday that the Government is working to approve in the Council of Ministers next Tuesday measures that improve the solvency of companies, such as extensions of the grace period and amortization of the guarantees of the Official […]
Tag: economy / companies
Entrepreneurs ask Pedro Sánchez for an urgent decree to temporarily modify laws to speed up European aid
The opportunity that the significant stimulus of European aid represents for Spain and its companies –140,000 million euros to be distributed over six years– must be taken advantage of. And for this, it is necessary, according to businessmen, that the Executive streamline the procedures that allow access, as soon as possible, to such aid. […]
BBVA launches the purchase of Sabadell after making cash in the US
BBVA is surveying the troubled waters in which the Spanish financial sector is moving to gain size after making cash with the sale of its US subsidiary. The market assumes that you will end up buying Sabadell Bank, whose stock market value has soared even more than that of the bank itself chaired by Carlos […]
OHL multiplies its losses to 114 million and increases its debt due to Covid-19 and financial deterioration
The coronavirus and the delicate financial situation that it already dragged before are taking their toll on OHL, which multiplied its losses by 10 between January and September 2020. In that period, the construction company recorded losses of 114.2 million euros, compared to 10.4 million of the same period of 2019. According to data published […]
Naturgy sells its Chilean subsidiary to the Chinese State Grid for 2,570 million
Naturgy has reached an agreement for sell its 96.04% stake in its Chilean subsidiary, the Compaines General de Electricidad en Chile (CGE), a la china State Grid International Development Limited (SGID) for a total purchase price (‘equity value’) of 2,570 million euros, set in euros and payable in cash at the close of the transaction, […]
Primark will do ERTE in Catalonia, Asturias, Castilla y León and Andalusia
After weeks of negotiating with the unions, Primark, the Irish low-cost fashion chain, has submitted temporary employment regulation files (ERTE) in the communities where the closure of its stores has been decreed within the restrictions approved to stop the second wave of the pandemic. They are Catalonia, Asturias, Castilla Leon and Andalusia. This measure, has […]
Simón says that doing PCR on travelers “does not compensate” and the sector says that its cost can deter tourists
One day after the Government approved to request PCR tests from travelers from risk countries who arrive in Spain, epidemiologist Fernando Simón has recognized what to do these tests are an effort that “does not compensate” for the low impact it will have on the transmission. “The impact of this measure will be low, although […]
Cellnex buys Hutchison’s European towers for € 10 billion and opens 5% of its shares to it
Cellnex has closed the largest operation in its history to add 30,000 sites to its telecommunications infrastructures in Europe. The Barcelona-based company has announced the purchase of 24,600 towers and connection points from Hutchison, to which it will add 5,250 new ones to be deployed in the next eight years. The acquisition is estimated at […]
Glovo wants to be ultra-fast and position itself in retail as well as food
Glovo sees business beyond food delivery. “There is an opportunity to go beyond the food part and this opportunity is in the trade online“, explains Daniel Alonso, global general manager of Q-commerce at Glovo. In this new division, the Q responds to the term quick, fast,” the component of speed that makes the company unique, […]
Garamendi proposes that tourists be tested for antigens in pharmacies to regain activity
The president of the CEOE, Antonio Garamendi, has asked that antigen tests be carried out in airports and that safe corridors be established to reactivate tourism in Spain. He has also suggested that these tests be done in pharmacies. “In pharmacies they could be done in a temporary way, provided there was a protocol. There […]
