banks
April 23rd, 2010
Polaris World has reached an agreement with bankers on its debt of 83 million euros, that supports fifteen subsidiaries, and which allows them to avoid insolvency proceedings. The company said that it has reached an agreement involving the sale of certain assets to the banks, thus strengthening its cash position ...
Continue reading Polaris World Successfully Complete Debt Negotiations
April 15th, 2010
The president of the Association of Spanish Promoters and Constructors (APCE), José Manuel Galindo, said today that the property sector is beginning to "see the light at the end of the tunnel", now that the recovery of new home sales seems to be consolidating. Galindo, who was
Continue reading Light at the End of the Tunnel for Spanish Property Sales
March 18th, 2010
The European Commission has threatened Spain with sanctions for its failure to implement Community legislation against money laundering, even though the deadline for doing so expired on the 15th of December 2007. The Court of Justice in Luxembourg
Continue reading Money Laundering Legislation Threat to Spain
March 3rd, 2010
Spanish police, in cooperation with the FBI, have charged three Spanish citizens who are accused of infecting millions of computers around the world through their highly sophisticated "Mariposa (butterfly) botnet", which they then used to obtain personal and financial data. José Antonio Berrocal, head of the
Continue reading 3 Charged with Creating Huge Botnet
January 27th, 2010
The chairman of BBVA, Francisco González, said today that the Spanish economy is already growing in comparison with the last quarter of 2009, which means that Spain is soon to emerge from recession after six consecutive quarters where there has been a decrease in
Continue reading Chairman Of BBVA: “The Spanish Economy Is Growing”
January 26th, 2010
According to data released today by the National Statistics Institute (INE), the number of home mortgages issued during November 2009 was 52,043, representing a growth of 1.8 percent over the same month in 2008 and the first
Continue reading Issued Mortgages Rise For First Time In 18 Months
January 24th, 2010
69% of the companies listed on the IBEX-35 continue to operate in tax havens and none of the companies in this index provide information, broken down by country, on the amounts of money paid to political parties, according to a
Continue reading Lack Of Transparency From Companies Using Tax Havens
January 21st, 2010
For 2010, the Government has agreed with banks that have signed cooperative agreements with the Ministry of Housing, an amount of 5,314 million euros to fund the National Housing and Rehabilitation Plan. According to a provision issued today, the overall ceiling
Continue reading National Housing and Rehabilitation Plan
January 18th, 2010
Santander is developing its network in Spain on a strategic medium and long term model, based on customer relationships and with the tagline "We want to be your bank" Four years ago the bank launched an initiative
Continue reading Santander Broaden Commission Free Banking In Spain
January 11th, 2010
From now on, the tax authorities will know of any provision, payment or debit amounting to over 3,000 euros that is made with cash through banks or via credit and debit cards. Banks are also obliged to "systematically" report cash or card payments over €3,000 by businesses or
Continue reading All Transactions Over €3,000 Reported to the Spanish Taxman
