The Círculo de Empresarios has appointed Mercedes Pizarro as the new Chief Economist of this business association. She replaces Alicia Coronil, who had held the position since 2013. Mercedes Pizarro Santos (Barcelona, 1972) has a degree in Economics and Business Administration from the University of Barcelona and Abat Oliba CEU. Between 2004 and 2012 she held the … Continued
In order to extricate Spain from the political deadlock in which it finds itself, the Círculo de Empresarios, a civil society organization aimed at furthering the common good, is calling upon the acting President of the Government, as well as the leaders of the PP and Ciudadanos, to begin discussions aimed at reaching a pact … Continued
The Barometer of the Círculos, in this third edition, seeks to contribute to collectively solving the big problems that affect Spain. On this occasion, in addition to presenting the shared vision of the Círculo de Empresarios, the Círculo de Economía and the Círculo de Empresarios Vascos, it has enjoyed the participation –begun in 2015– of … Continued
PRESENTATION The Spanish medium-sized company project The medium-sized Spanish business Project seeks to provide strong arguments that contribute realism to the economic-financial and social analysis of our businesses, to be used in communication with the media, public administration, research centers and the business fabric itself. The Project is led by the member of the Círculo de Empresarios, Jesús Prieto … Continued
Global Challenges and opportunities for the Spanish Company
Last edition of the program in Iberdrola This programme’s (of the Spanish, PEMJ) goals are, firstly, to promote mutual knowledge, awareness and the pooling of experience to help judges, magistrates and entrepreneurs to best perform their activities. Secondly, to provide judges and magistrates with real knowledge of business, its principles, organization, objectives, and ways of … Continued
Quarterly report on the global and the Spanish economy Q1 2016 Obstacles to growth China’s economic development Emerging economies adjustment, mainly of low-income commodity exporters European political and social scene: Brexit, refugee crisis… Global geopolitical risks Financial markets volatility
SPAIN National Accounting 4Q 2015 (INE) During the fourth quarter of 2015 the Spanish economy grew 0.8%, and 3.5% year-on-year. For 2015 as a whole, the nominal annual progress was 3.8% and the real advance was 3.2%. The GDP in current prices reached 1,081,190 million euros. The contribution of the domestic demand to annual growth … Continued
Barometer of the companies Corporate trends According to the Deloitte Barometer, of the 294 Spanish companies surveyed, 61% report that their billing improved in the second half of 2015 (although it was some 2 decimal points lower than in the first half of the year) a figure slightly higher than their expectations for the first half of 2016. In addition, … Continued
Risk Capital 2015 Principal indicators 2015 confirmed the recovery of risk capital activity, though without reaching the levels of 2014. The volume of investment was 2,790 million euros, or 19.5% less than the previous year, due to the scarcity of investments of more than 100 million euros.
Economic activity Global economic growth deceleration in 2015 and slightly recovery in 2016. Minor recovery in developed economies. It remains an uneven improvement path.
SPAIN Exports, January-September 2015 Exports of merchandise to September reached 186,261.1 million euro, with an increase of 4.4% year-on-year (Ministry of the Economy). Imports also increased, 3.9%, to 204,903.1 million euro, thus confirming the recovery of internal demand. The trade deficit was reduced by 1.1% (to 18,642 million euro). The non-energy balance had a surplus of 2,034.1 million euro (vs. 10,704 million the … Continued
According to the Association of Alternative Stock Market Companies (AEMAB), at the end of 2014 this market had 28 companies. By size, 29% are large (+250 employees), some 32% are mediumsized (50-249 workers) and the rest are micro (0-9) and small firms (10-49).
In the active population survey for the third quarter of 2015, Spain’s employment rate among the total population of more than 16 years reached 46.9% and the total number of employed workers was 18,048,700, following a 1.02% quarterly increase (+182,200 = 152,100 in the private sector and +30,100 in the public sector). The annual progress … Continued
Private sector financing New company credit Since February of 2015, in year-on-year terms, there has been a gradual recovery in the flow of new credit to non-financial companies. In August, lending by credit institutions to companies was 23,650 million euros, or 16.3% more than in the same period of the previous year. While this was a more moderate increase than in July … Continued
Moderation in global growth China continues desacelerating Further weakness in Brazil in 2015
Recent improvements in GDP and employment confirm that Spain’s recovery and economic dynamism continue to be strengthened. Internally, the reforms that have been carried out and the efforts in the private sector have corrected some of our macroeconomic imbalances. This has led to improvements in the labor market, the external sector, investment and access to … Continued
Portfolio At the end of 2014, the risk capital sector had 2,134 companies with assets of more than 20,000 million euros. This was 1,300 million euros less than in 2013 due to international disinvestments. In aggregate terms, in 2014 these companies invested an average of 8.6 million euros and provided jobs for 585,000 workers (up … Continued
The Círculo de Empresarios, the Círculo de Economía and the Círculo de Empresarios Vascos, in their effort to help diagnose the structural situation of the Spanish economy and support its transformation, present the second edition of the Barometer of the Círculos. It includes the principal strengths and competitive weaknesses of our economic and business surroundings, and we make … Continued
What would we do in a world without energy? Of course this is a rhetorical question, but it’s one that’s been with human beings forever. Every great step forward in the world has been propelled by energy. Almost a million years ago Man harnessed fire and realized that this “magic” gave him the independence to … Continued
