SME INITIATIVE SPAIN APRIL 2015
|
|
- Amice Dawson
- 5 years ago
- Views:
Transcription
1 SME INITIATIVE SPAIN APRIL
2 SMES INITIATIVE IN FINANCIAL INSTRUMENTS PROPOSAL 2.Centrally managed by COM (Financial Regulation) 1.Shared Management with MS (Common Provisions Regulation) Research, Development Innovation Growth, Jobs and Social Cohesion Infrastructure Horizon 2020 Equity and Risk Sharing Instruments 3,6% = M COSME Creative Europe Equity & guarantees Guarantee Facility 60% = M 210 M Employment and Erasmus+ social innovation Guarantee Facility microfinance 192 M 600 M Connecting Europe Facility (CEF) Risk sharing and equity instruments Broadband, Trans European Energy, Transport ESIF EU level (central management). SME initiative. National/regional instruments (shared management) Off-the shelf FIs Tailor made FIs
3 REASONS WHY SPAIN DECIDED TO PARTICIPATE No national co-financing required for the contributions from ESIF Ex-ante assessment carried out by the Commission with input of EIB Group Benefit passed onto SMEs: lending to riskier SMEs (e.g. innovative SMEs, start-ups, etc. ); reduction of collateral requirements and reduced pricing Simplified control (article 40.2) Simplified State Aid consideration (minimis) Leverage effect on the ESIF contribution by a combination of resources it is possible to allow for a pro-rata return to a region or group of regions within the same Member State (Article 39.11)
4 EX-ANTE ASSESMENT SMEs make up 99.9% of enterprises SMEs account for 75.4% of employment workers SMEs loan have shrunk by 11.2% ( ) The trend of SMEs unsuccessful in obtaining loan is increasing +21.8% Debt financing gap ranging between EUR 6,003m EUR 26,397m
5 LENDING TO RISKIER SMES Article 39.1 a) uncapped guarantees providing capital relief to financial intermediaries for new portfolios of debt finance to eligible SMEs in accordance with Article 37(4) of this Regulation; Benefit passed onto SMEs: lending to riskier SMEs (e.g. innovative SMEs, start-ups, etc.); reduction of collateral requirements and reduced pricing
6 CONTROL SIMPLIFICATION Article 38.1 In implementing Article 37, managing authorities may provide a financial contribution to the following financial instruments: (a) financial instruments set up at Union level, managed directly or indirectly by the Commission; Article 40.2: The bodies responsible for the audit of programs shall not carry out audits of operations comprising financial instruments implemented under point (a) of Article 38(1) and of management and control systems relating to those financial instruments. They shall receive regular control reports from the auditors designated in the agreements setting up those financial instruments.
7 LEVERAGE EFFECT BY A COMBINATION OF RESOURCES SME Initiative Schematic allocation of risks (option 1 Guarantee facility for portfolios of new SME loans): Portfolios created from eligible SME loans Tranches associated with different risks Guarantee Rate up to 80% Loan by Loan Financial Intermediary (FI) SME Loans M (EIB) EIF guarantee Beneficiaries Upper (EIF) 129 M Middle (UE H2020) 14 M Lower(Spain-ERDF) 86 M SME 1 SME 2 SME n 658 M (Spain-ERDF) Risk tranching
8 REGION REGIONALISATION ERDF ALLOCATION Extremadura Canarias Andalucía Castilla-La Mancha Murcia Galicia Ceuta Com. Valenciana Castilla y León Cantabria Baleares La Rioja Aragón Cataluña País Vasco Com. Madrid TOTAL
9 OUTPUT INDICATORS IndicaTor EXPECTED OUTPUT 2023 ERDF allocation 800 millions Total new financial debt millions SMEs supported New SMEs supported Increase of employment in supported SMEs 6.400
10 RESULTS INDICATORS Indicator Base Value Base year Result to be achieved Source (2023) Monitoring report frequency SMEs Debt millions financing gap (*) millions (20% reduction) Monitoring reports by BEI/COM annual report Expected leverage Monitoring reports by BEI/COM annual report
11 26/Jan. Spain and the EIB Group sign the Funding Agreement. And the Intercreditor Agreement First meeting Investors Board. MS approves the Call for Expression of Interest FIs apply Call for Expression of Interest by the 30 September 2016 End of Commitment Period of MS Contribution to the EIF Dedicated Window Jan 2015 Feb 2015 Mar-Apr 2015 May - July Publication of the Call for Expression of Interest Screening and due diligence on selected banks. Negotiation of Operational Agreement Inclusion period deadline for the origination of new debt by the FIs
12 Increase leverage effect from 3 to 4 FUNDING AGREEMENT NEGOTIATION Fees are calculated according to really allocated loans Fees increase 2% if a leverage of 4 is achieved and only arrive to the maximum if is 5 Leverage milestone for fees are calculated according to total allocations (without deduction of fees) Investors board change from 4 management authority member and 1 IEF member to 5 MA and 1 FEI. Observers form 1 BEI, 1 Commission to 4 MA, 1 BEI and 1 Commission Only contribution form Horizon 2020 (no COSME) with a leverage of 9 instead of 20 Reserve fee will be used to pay third party claims Under Luxembourg laws and the European Court of justice
13 The agreements were signed 26 th January 2015 in Madrid the by EIB Vice-President Román Escolano, EIF Chief Executive Pier Luigi Gilibert and Secretary of State Marta Fernández Currás.
THE UNCAPPED GUARANTEE AND COUNTER-GUARANTEE INSTRUMENT UNDER THE SME INITIATIVE IN SPAIN
THE UNCAPPED GUARANTEE AND COUNTER-GUARANTEE INSTRUMENT UNDER THE SME INITIATIVE IN SPAIN OPEN CALL FOR EXPRESSION OF INTEREST TO SELECT FINANCIAL INTERMEDIARIES (Published on 14 th October 2015) The objective
More informationExperience with financial instruments in the period of and the new framework for the period of
Experience with financial instruments in the period of 2007 2013 and the new framework for the period of 2014 2020 Workshop 22 January 2015, Stefan Appel, DG and Urban European Commission Financial engineering
More information22 January 2015, Hubert Cottogni
EIF experience with financial instruments in the period of 2007 2013 including fund of funds, and recommendations for the period of 2014 2020 22 January 2015, Hubert Cottogni Agenda Introduction: EIF:
More informationThe average value of the mortgages constituted in June increases 0.2% in the interannual rate, standing at 120,478 euros
29 August 2011 Mortgage Statistics June 2011. Provisional data The average value of the mortgages constituted in June increases 0.2% in the interannual rate, standing at 120,478 euros The number of mortgages
More informationThe average value of the mortgages constituted in September increases 4.2% in the interannual rate, standing at 135,132 euros
26 November 2010 Mortgage Statistics (Base 2003) September 2010. Provisional data The average value of the mortgages constituted in September increases 4.2% in the interannual rate, standing at 135,132
More informationThe SME Initiative. A joint Commission presentation. SME Initiative workshop Brussels, 23 April 2015
The SME Initiative A joint Commission presentation SME Initiative workshop Brussels, 23 April 2015 SMEs are the backbone of EU economy SMEs employ 2/3 of private sector workforce and create 58% of gross
More informationESF contribution to EaSI under article 38.1(a) Guadalupe de la Mata, European Investment Fund
ESF contribution to EaSI under article 38.1(a) Guadalupe de la Mata, European Investment Fund Agenda Potential ESIF contributions to EU Level instruments: legal basis and scope ESF-EaSI contribution case
More informationRetail trade at constant prices decreases 4.3% in November, as compared with the same month in 2008
29 December 2009 Retail Trade Indices. Base 2005 November 2009. Provisional data Retail trade at constant prices decreases 4.3% in November, as compared with the same month in 2008 Retail trade at constant
More informationFinancial instruments under ESI funds
Regional Financial instruments under ESI funds 2014-2020 VÖB/EAPB/Representation of Lower Saxony workshop Brussels, 7 March 2016 Dr Joerg Lackenbauer, DG Regional and Urban European Commission Regional
More informationInstruments in favour of SME Financing. International conference on guarantees Budapest 3-4 October 2013
Instruments in favour of SME Financing International conference on guarantees Budapest 3-4 October 2013 1 Helping businesses at every stage Public Stock Markets Portfolio Guarantees & Credit Enhancement
More informationSPAIN * 1. REGIONAL DISPARITIES AND PROBLEMS. Figure 1: Spain. Spain
SPAIN * 1. REGIONAL DISPARITIES AND PROBLEMS Conventional policymaker analysis divides the problem regions into four groups: first, regions affected by industrial reconversion (e.g. Asturias, Cantabria
More informationBusiness Confidence Indicators (BCI) First quarter of 2018
17 January 2018 Business Confidence Indicators (BCI) First quarter of 2018 The Harmonised Business Confidence Index (HBCI) in the first quarter of 2018 decreased by 0.4% as compared with the fourth quarter
More informationQuarterly Labour Cost Survey (QLCS) Second quarter of 2010
6 September 200 Quarterly Labour Cost Survey (QLCS) Second quarter of 200 Main results the interannual variation rate of the labour cost was 4.% - The labour cost of companies stands at 2,578. euros in
More informationFinancial Instruments for SMEs developed by the EIB Group. 12 March 2015, Bucharest Hubert Cottogni
Financial Instruments for SMEs developed by the EIB Group 12 March 2015, Bucharest Hubert Cottogni Agenda SME financing in Romania EIF within the EIB Group, and what we do for SME financing EU-EIF financial
More informationParent Company Reporting date March 2016
Percentage of bonds (%) QUESTIONNAIRE ON TRANSPARENCY ACCORDING TO ECBC LABEL CONVENTION CB Issuer Bankia Parent Company Reporting date March 2016 RATINGS CB Issuer CB Programme Moody's - - S&P BB A+ Fitch
More informationEU Financial Instruments for SMEs
EU Financial Instruments for SMEs AECM Annual Event Porto, 21-25 June 2016 Jean-David MALO Head of Unit "SMEs, Financial Instruments and State Aids" European Commission DG Research and Innovation EU financial
More informationInstrumentos Financeiros na Política de Coesão
Instrumentos Financeiros na Política de Coesão 2014-2020 «O crescimento começa nas cidades» Lisboa, 4 Novembro 2013 Eduardo Barreto Unidade G3 - Portugal Direção-Geral Política e Urbana Contents FIs in
More informationFinancial Instruments supported by the European Structural and Investment (ESI) Funds in
Regional Financial Instruments supported by the European Structural and Investment (ESI) Funds in 2014-2020 REGIO B3, DG Regional and Urban European Commission Regional 2 ERDF support through financial
More informationFinancial Instruments in Cohesion Policy
Financial Instruments in Cohesion State of play, lessons learned and outlook 2014-2020 Directorate General for and Urban Unit B3 : Financial Instruments and IFI Relations Workshop on Financial Instruments
More informationBP s impact on the economy in. A report by Oxford Economics December 2017
BP s impact on the economy in A report by Oxford Economics December 2017 610 million Gross value added contribution supported by BP in Spain BP supported 11,300 One in every 1,700 in Spain jobs BP s activity
More informationFinancial Instruments
Financial Instruments 2014-2020 Doing more with less Roger Havenith European Commission DG Economic and Financial Affairs Head of Unit Financing of competitiveness, innovation and employment policies What
More informationFinancial Instruments DG Regional and Urban Policy Budapest 24th April 2015
Financial Instruments DG and Urban Policy Budapest 24th April 2015 ESIF and the Investment Plan Investment Plan for Europe 1. Mobilise finance for investment 2. Make finance reach the real economy European
More informationFinancial Instruments supported by the European Structural and Investment (ESI) Funds in
Financial Instruments supported by the European Structural and Investment (ESI) Funds in 2014-2020 EU Finance Day for SMEs, 5 February 2014, Dublin Dr. Wolfgang Streitenberger, Conseiller-Adviser, DG Regional
More informationThe Harmonised Business Confidence Index (HBCI) decreases 1.0% in the first quarter of 2019 as compared with the fourth quarter of last year
16 January 2019 Business Confidence Indicators (BCI) First quarter of 2019 The Harmonised Business Confidence Index (HBCI) decreases 1.0% in the first quarter of 2019 as compared with the fourth quarter
More informationCOSME Financial Instruments for SMEs
COSME Financial Instruments for SMEs Helsinki, 5 February 2015 Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) Unit F3: SME Access to Finance Astrid Bartels (Policy
More informationAnnual Labour Cost Survey (ALCS) 2009
27 July 2010 Annual Labour Cost Survey (ALCS) 2009 Main Results - The total cost per worker, in gross terms, is 30,670.05 euros during the year 2009, for a 3.5% increase over the previous year. - The net
More informationThe redistributive effects of Personal Income Tax reforms during the Great Recession in Spain
Universidad de Alcalá The redistributive effects of Personal Income Tax reforms during the Great Recession in Spain M. Adiego (IEF), O. Cantó (UAH), M. Paniagua (IEF) and T. Pérez (IEF) Brussels, 21st
More informationAnnual Labour Cost Survey (ALCS) 2010
27 July 2011 Annual Labour Cost Survey (ALCS) 2010 Main results - The total cost per worker, in gross terms, is 30,819.53 euros during the year 2010, for a 0.5% increase over the previous year. - The net
More informationINDICATIVE DIRECT GUARANTEE TERM SHEET
EIF risk FI risk EIF risk FI risk EIF risk FI risk Annex II to the Open Call for Expression of Interest to select Financial Intermediaries INDICATIVE DIRECT GUARANTEE TERM SHEET This summary term sheet
More informationTracking climate finance, EU financial instruments and lessons learned Berlin, 10 September 2014
Tracking climate finance, EU financial instruments and lessons learned Berlin, 10 September 2014 Ingmar JUERGENS, Senior Economic Advisor, European Commission Our Menu for Today 1. What information is
More informationKey features and opportunities of financial instruments under ESI Funds in
Key features and opportunities of financial instruments under ESI Funds in 2014-2020 Nicholas Martyn, Deputy Director-General, and Urban, EC Key features and opportunities of financial instruments under
More informationRisk-Sharing Finance Facility and future EU Financial Instruments for RDI
Not legally binding Risk-Sharing Finance Facility and future EU Financial Instruments for RDI Instrumentos financieros para apoyar la investigación, el desarrollo y la innovación en un contexto regional
More informationBanco Santander Mortgage Covered Bonds Investor presentation ( Cédulas Hipotecarias )
1 Banco Santander Mortgage Covered Bonds Investor presentation ( Cédulas Hipotecarias ) Data at September 2013 Important information 2 Banco Santander, S.A. ("Santander") cautions that this presentation
More informationEU Financial Instruments for Stimulating R&I and Growth
EU Financial Instruments for Stimulating R&I and Growth Preparations for 2014-2020 Steve Rogers European Commission DG Research & Innovation Financial Engineering Team Nordic-European Public Investor Workshop
More informationLiving Conditions Survey (LCS) Year Provisional data
21 October 2010 Living Conditions Survey (LCS) Year 2010. Provisional data Main results - The average annual income of Spanish households reaches 25,732 euros in 2009, with a 2.9% decrease as compared
More informationThe average number of bedplaces offered by centres daily for homeless persons increases 4.7% as compared with 2006
13 July 2009 Homelessness Statistics - Centres. Year 2008 The average number of bedplaces offered by centres daily for homeless persons increases 4.7% as compared with 2006 Average expenditure by centre
More information19 Foro Iberoamericano. Madrid, 19 September European Investment Fund
19 Foro Iberoamericano Madrid, 19 September 2014 European Investment Fund EIF support of SMEs Structure of presentation 1. EIF at a Glance 2. The SME Guarantee Facility 3. Cooperation with Guarantee Schemes
More informationEconomically Active Population Survey (EAPS) Third quarter of 2013
24 October 2013 Economically Active Population Survey (EAPS) Third quarter of 2013 Main results Employment in the third quarter of 2013 registers an increase of 39,500 persons, reaching a total of 16,823,200
More informationEconomically Active Population Survey (EAPS) Second quarter of 2012
27 July 2012 Economically Active Population Survey (EAPS) Second quarter of 2012 Main results Employment in the second quarter of 2012 registers a decrease of 15,900 persons, reaching a total of 17,417,300
More informationHousehold Budget Survey Year 2009
27 October 2010 Household Budget Survey Year 2009 Main results - Total household consumption expenditure decreases 3.0% in 2009. After adjusting for the effect of inflation, this rate is 3.3%. - The expenditure
More informationFinancial Instruments supported by the European Structural and Investment (ESI) Funds in CSI-Europe towards FIs for Cities
Financial Instruments supported by the European Structural and Investment (ESI) Funds in 2014-2020 CSI-Europe towards 2014-2020 FIs for Cities EIB Luxembourg, 30 January 2014 Financial instruments and
More informationThe Harmonised Business Confidence Index (HBCI) increases by 0.5% in the third quarter of 2018 as compared with the second quarter.
11 July 2018 Business Confidence Indicators (BCI) Third quarter of 2018 The Harmonised Business Confidence Index (HBCI) increases by 0.5% in the third quarter of 2018 as compared with the second quarter.
More informationAverage expenditure per household in current terms increased by 3.5% in 2017 to 29,188 euros. In constant terms, it increases 2.4%
20 June 2018 Household Budget Survey (HBS) Year 2017 Average expenditure per household in current terms increased by 3.5% in 2017 to 29,188 euros. In constant terms, it increases 2.4% Total household expenditure,
More informationEconomically Active Population Survey (EAPS) Forth quarter of 2012
24 January 2012 Economically Active Population Survey (EAPS) Forth quarter of 2012 Main results Population of 16 and over years of age decreases by 87,300 in the forth quarter of 2012, being 73,700 of
More informationEconomically Active Population Survey (EAPS) Fourth quarter of 2011
27 January 2012 Economically Active Population Survey (EAPS) Fourth quarter of 2011 Main results Employment in the fourth quarter of 2011 registers a decrease of 348,700 persons, reaching a total of 17,807,500
More informationEconomically Active Population Survey (EAPS)) Second Quarter 2018
26 July 2018 Economically Active Population Survey (EAPS)) Second Quarter 2018 Main results - Employment registers an increase of 469,900 persons in the second quarter of 2018 as compared with the previous
More information1.Financial Instruments under ESIF Synergies between ESIF and EFSI (Juncker Plan) 3. Commission Guidance on Financial Instruments
1.Financial Instruments under ESIF 2014-2020 2. Synergies between ESIF and EFSI (Juncker Plan) 3. Commission Guidance on Financial Instruments NIKOSIA, 14 APRIL 2016 Overview:all Financial instruments
More informationEconomically Active Population Survey (EAPS) First Quarter of 2018
26 April Economically Active Population Survey (EAPS) First Quarter of Main results - The number of employed persons decreased by 124,1 persons in the first quarter of as compared with the previous quarter
More informationEU level and "Off-the-shelf" Financial Instruments
EU level and "Off-the-shelf" Financial Instruments MADRID, 8 November 2013 Financial instruments and IFI Relations Directorate-General for and Urban 1 Contents Overview on EU level Instruments Overview
More informationFiscal Policy Strategy
Fiscal Policy Strategy 4th May 2018 External debt and macroeconomic stabilisation Net financial liabilities, public deficit and risk premium (% GDP) Net International Investment Position (% GDP) Source:
More informationCOSME Financial Instruments for SMEs
COSME Financial Instruments for SMEs 5 February 2014 George Lemonidis (Deputy Head of Unit) Unit D3: SME Access to Finance Directorate General for Enterprise and Industry 1 COSME financial Instruments
More informationEconomically Active Population Survey (EAPS) Third quarter of 2008
24 October 2008 (updated at 10:10 a.m.) Economically Active Population Survey (EAPS) Third quarter of 2008 Main results The number of employed persons in the third quarter of 2008 stands at 20,346,300
More informationQuality of Life Survey (QLS) Year 2008
21 October 2009 Quality of Life Survey (QLS) Year 2008 Main results Spanish households receive an average annual income of 26,010 euros, with a 6.0% increase as compared with the previous year. The percentage
More informationGeneral Government deficit 2013
General Government deficit 2013 March 31th 2014 General Government balance 2013 Net lending/borrowing ( % of GDP) 2011* 2012 2013 (A) 2013 Target Central Government. Excluding Financial Sector assistance:
More informationWage decile of the main job. Economically Active Population Survey (EAPS) Year 2011
21 November 2012 Wage decile of the main job. Economically Active Population Survey (EAPS) Year 2011 Main results - 30% of Spanish wage earners in 2011 receive a gross monthly wage greater than 2,071.8,
More informationCombination of EAFRD resources with EFSI and other sources of finance: opportunities offered by the EIB Group
Combination of EAFRD resources with EFSI and other sources of finance: opportunities offered by the EIB Group Mr Hubert Cottogni, Director of Mandate Management, European Investment Fund #ficompass 1 Combination
More informationState of play of Financial Instruments in the ERDF programmes. David Read DCLG (Managing Authority), England
State of play of Financial Instruments in the ERDF 2014-2020 programmes David Read DCLG (Managing Authority), England Background Whilst the UK has significant experience of setting up and implementing
More informationEconomically Active Population Survey (EAPS) Third quarter of 2017
26 October Economically Active Population Survey (EAPS) Third quarter of Main results - Employment registered an increase of 235,900 persons in the third quarter of as compared with the previous quarter
More informationOverall index Monthly change Change over last Annual change
13 February 2015 Consumer Price Index (CPI). Base 2011 January 2015 all index Monthly change Change over last Annual change January 1.6 1.6 1.3 Main results The annual change of the CPI for the of January
More informationQuarterly Labour Cost Survey (QLCS) First quarter of 2018
15 June 2018 Quarterly Labour Cost Survey (QLCS) First quarter of 2018 Main results The labour cost of companies stands at 2,497.91 euros per worker per month in the first quarter of 2018, with a variation
More informationPublic hearing on The extension of the duration of the European Fund for Strategic Investment (EFSI 2.0) 10 November 2016
Public hearing on The extension of the duration of the European Fund for Strategic Investment (EFSI 2.0) 10 November 2016 Agenda EUROPEAN FUND FOR STRATEGIC INVESTMENTS (EFSI) A SUCCESSFUL FIRST YEAR EUR
More informationAnnual Wage Structure Survey Results
21 December 2007 Annual Wage Structure Survey 2004-2005 Results Main results The average annual earnings per worker are 18,676.92 euros in 2005, with a growth of 2.0% as compared with 2004. The average
More informationBANCO SANTANDER S.A. MORTGAGE COVERED BONDS INVESTOR PRESENTATION 2Q 17. ( Cédulas Hipotecarias )
BANCO SANTANDER S.A. MORTGAGE COVERED BONDS INVESTOR PRESENTATION 2Q 17 ( Cédulas Hipotecarias ) Important information Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking
More informationWage Structure Survey 2010 Final results
24 October 2012 Update 3 December 2012 Wage Structure Survey 2010 Final results Main results The average annual gross wage is 22,790.20 euros per worker in 2010. País Vasco, with 26,593.70 euros per worker
More informationKutxabank Mortgage Portfolio 2Q2016
Kutxabank Mortgage Portfolio 2Q2016 Disclaimer This document, its content, its annexes and/or amendments (the Document ) has been made up by Kutxabank, S.A. ( Kutxabank ) for information purposes only
More informationBANCO SANTANDER S.A. MORTGAGE COVERED BONDS INVESTOR PRESENTATION 4Q 17. ( Cédulas Hipotecarias )
BANCO SANTANDER S.A. MORTGAGE COVERED BONDS INVESTOR PRESENTATION 4Q 17 ( Cédulas Hipotecarias ) Important information Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking
More informationEconomically Active Population Survey (EAPS) Fourth quarter 2015
28 January 2016 Economically Active Population Survey (EAPS) Fourth quarter 2015 Main results - In the fourth quarter of 2015, the number of employed persons increased by 45,500 over the third quarter
More informationImplementing options and selection of financial intermediaries. Eugenio Saba European Investment Bank
Implementing options and selection of financial intermediaries Eugenio Saba European Investment Bank What are the implementing and governance options? 2 Central management EaSI Erasmus+ Innovfin COSME
More informationMTR - Legislative changes affecting the ESI Funds
MTR - Legislative changes affecting the ESI Funds Meeting of the HLG on Monitoring Simplification for beneficiaries, 28/09/2016 Marc Lemaître Director-General Directorate General Regional and Urban Policy
More informationConsumer Price Index (CPI). Base 2011 January Monthly change Change over last Annual change
14 February 2014 Consumer Price Index (CPI). Base 2011 January 2014 all index Monthly change Change over last Annual change January January 1.3 1.3 Main results The annual change of the CPI for the of
More informationEuropean Social Survey ESS 2012 Documentation of the Spanish sampling procedure
European Social Survey ESS 2012 Documentation of the Spanish sampling procedure The 2012 sampling design incorporates small innovations to the 2010 design. These are: a) Changes in the number of individuals
More informationWhere do foreigners buy Real Estate in Spain this last year?
Where do foreigners buy Real Estate in Spain this last year? Please find our Data updated up to June 2017. Before starting the analysis, let s have a look at who is buying? As you can see on this table,
More informationRegional and Sectoral Economic Studies Vol (2011) Faculty of Economics, University of Santiago de Compostela (Spain).
Regional and Sectoral Economic Studies Vol. 11-1 (2011) REGIONAL EMPLOYMENT AND UNEMPLOYMENT BY GENDER IN SPAIN IN COMPARISON WITH OTHER EUROPEAN COUNTRIES GUISAN, Maria-Carmen * EXPOSITO, Pilar Abstract
More informationThe role of COSME in promoting access to finance for SMEs Policy objectives and design of the debt instrument
The role of COSME in promoting access to finance for SMEs Policy objectives and design of the debt instrument Operational training Session (OTS) on "Innovations in Credit Guarantee Schemes: A way to Success"
More informationCONTINUING IMPORTANCE OF CASH IN SPAIN: CLOSURE OF BANK OFFICES AND ACCESS TO CASH
CONTINUING IMPORTANCE OF CASH IN SPAIN: CLOSURE OF BANK OFFICES AND ACCESS TO CASH Concha Jiménez Director General Cash and Branches ATM & PAYMENTS. INNOVATION SUMMIT Madrid 18 October 2018 DIRECTORATE
More informationConsumer Price Index (CPI). Base 2016 Harmonised Index of Consumer Prices (HICP). Base 2015 January 2019
15 February 2019 Consumer Price Index (CPI). Base 2016 Harmonised Index of Consumer Prices (HICP). Base 2015 January 2019 Main results In January, the annual variation rate of the CPI was 1.0%, two tenths
More informationFinancial instruments - opportunities offered by the framework. Key novelties and Commission guidance Riga, 30 October 2015
Financial instruments - opportunities offered by the 2014-2020 framework Key novelties and Commission guidance Riga, 30 October 2015 2014-2020 framework Performance oriented legal framework to promote
More informationSpanish economy A spotter s guide to the Spanish economy
Banco Sabadell Investor Relations Spanish economy A spotter s guide to the Spanish economy This document has been prepared by: Investor Relations at Banco Sabadell - investorrelations@bancsabadell.com
More informationOverall index Monthly variation Accumulated variation Annual variation January
15 February 2017 Consumer Price Index (CPI). Base 2016 January 2017 all index Monthly variation Accumulated variation Annual variation January -0.5-0.5 3.0 Main results The annual variation of the CPI
More informationUNDISPUTED LEADER OF SPANISH PRESS
UNDISPUTED LEADER OF SPANISH PRESS EGM 3rd Acc. 2014 Source: EGM 3rd Acc 2014 2.504.000 readers With a multiplatform brand Different media with the same brand values, quality of contents and many advertising
More informationConsumer Price Index (CPI). Base 2016 Harmonised Index of Consumer Prices (HICP). Base 2015 September 2018
11 October 2018 Consumer Price Index (CPI). Base 2016 Harmonised Index of Consumer Prices (HICP). Base 2015 September 2018 Main results The annual rate of CPI for the month of September stands at 2.3%,
More informationConsumer Price Index (CPI). Base 2016 Harmonised Index of Consumer Prices (HICP). Base 2015 October 2018
14 November 2018 Consumer Price Index (CPI). Base 2016 Harmonised Index of Consumer Prices (HICP). Base 2015 October 2018 Main results The annual variation rate of CPI in October is 2.3%, the same as that
More informationBriefing. Financial instruments in cohesion policy. December 2016
Briefing December 2016 SUMMARY The use of financial instruments in cohesion policy is increasing, as they are considered a resource-efficient way of using public funding. They provide support for investment
More informationAnnual Wage Structure Survey Year 2015
28 June 2017 Wage Structure Survey Year 2015 Main results - Average annual earnings per worker were 23,106.30 euros in 2015, for a 1.1% increase as compared with the previous year. - Average annual female
More informationDifferent perspectives on equity instruments now and into the future EIB s experience and look-aheads
Different perspectives on equity instruments now and into the future EIB s experience and look-aheads Jean-François Leprince, Financial Instruments Western Europe, European Investment Bank Equity / Quasi-Equity
More informationEIB Financial Instrument Activity
EIB Financial Instrument Activity Emily Smith Advisory Services April 2018 European Investment Bank Group 1 EIB types of support As a lender providing financing to Member States and financial intermediaries,
More informationDebt Monitor, March 2018
Debt Monitor, March 2018 I. EXECUTIVE SUMMARY The General Government (GG) debt-to-gdp ratio stood at 98.3% at the end of 2017, declining 0.3 percentage points as compared with the third quarter of the
More informationNational-Regional RIS3 monitoring harmonisation in Spain
National-Regional RIS3 monitoring harmonisation in Spain Third Meeting of the RIS3 Monitoring Working Group 6 July 2017 Fernando Mérida-Martín Ministry for Economy, Industry and Competitivenes Secretary
More informationHow does an equity scheme work? Miglena Dobreva, EIB, Financial Instruments Advisor
How does an equity scheme work? Miglena Dobreva, EIB, Financial Instruments Advisor How does it work? 2 Possible scope and relation to the CPR Thematic Objectives for ESIF Equity can support undertakings
More informationInvestors Presentation. June 2018
Investors Presentation June 2018 0 Economic outlook The Valencian Community Valencia Spain Principado de Asturias Surface (km 2 ) 23,255 4.6% 505,990 100% Galicia Cantabria País Vasco Population Jul 17
More informationFinancial Instruments - Implementation in the EU and in Lithuania
Financial Instruments - Implementation in the EU and in Lithuania Vilnius, 28 January 2018 Elina HAKONEN-MEDDINGS Financial Instruments as a delivery tool for Cohesion 2 Key advantages of ESIF FIs FIs
More information1 December 2016, Rome Christos Pouris, EIB
1 December 2016, Rome Christos Pouris, EIB What is EFSI? EFSI is an EU initiative launched jointly by the European Commission and the EIB Group and forms an integral part of the Investment Plan for Europe
More informationInvestors Presentation. May 2017
Investors Presentation May 2017 0 Economic outlook The Valencian Community Valencia Spain Principado de Asturias Surface (km 2 ) 23,255 4.6% 505,990 100% Galicia Cantabria País Vasco Population Jul 16
More information31/12/2016. CaixaBank - Covered Bond Investor presentation
CaixaBank - Covered Bond Investor presentation Data as of 30 th June 2017 CaixaBank Covered Bonds Programme - Highlights High quality collateral & strong overcollateralization Ratings: Moody s Investors
More information1. The following data shows the (hourly) number of sales in an ice-cream shop, recorded during different opening hours:
Statistics I Exercises for Chapter 2 Academic Year 2016/17 Problems 1. The following data shows the (hourly) number of sales in an ice-cream shop, recorded during different opening hours: 35 47 22 15 13
More informationSME INITIATIVE BULGARIA: THE UNCAPPED GUARANTEE INSTRUMENT OPEN CALL FOR EXPRESSION OF INTEREST TO SELECT FINANCIAL INTERMEDIARIES
SME INITIATIVE BULGARIA: THE UNCAPPED GUARANTEE INSTRUMENT OPEN CALL FOR EXPRESSION OF INTEREST TO SELECT FINANCIAL INTERMEDIARIES (Published on 17 th May 2016) The objective of this Open Call for Expression
More informationFinancial instruments - Commission guidance notes. Paris, 22 March 2016
Financial instruments - Commission guidance notes Paris, 22 March 2016 FIs life cycle - guidance private co-investor Ex-ante assessment grant Managing Authority Funding agreement Fund of Fund (FoF) Funding
More informationHorizon 2020 Kick off meeting Athens, 10 th January 2014
Horizon 2020 Kick off meeting Athens, 10 th January 2014 SMEs: the New tools/opportunities for access to finance introduced by Horizon 2020 (i.e. Horizon 2020 Financial Instruments) Jean-David MALO DG
More informationCombining ESI Funds and EFSI Implications for the Alpine region Strategy Andrea Mairate CE DG REGIO
Combining ESI Funds and EFSI Implications for the Alpine region Strategy Andrea Mairate CE DG REGIO 3rdc Friends of Eusalp meeting Brussels, 21 June 2016 The 315bn investment plan has the potential to
More informationTHE INSTITUTO DE CRÉDITO OFICIAL SOCIAL BOND
THE INSTITUTO DE CRÉDITO OFICIAL SOCIAL BOND FRAMEWORK OVERVIEW AND SECOND-PARTY OPINION BY SUSTAINALYTICS www.sustainalytics.com Vikram Puppala (Toronto) Manager, Advisory Services vikram.puppala@sustainalytics.com
More information