Financial accounts Capacity and need for financing Increases in excess profits of non-financial corporations has strenghtened internal financing, reducing the debt burden. In 2014, they had a financing capacity of 11,335 million euros in contrast to the more than 90,000 million euros in necessary financing in 2007. Banking disintermediation has helped to reduce company debt … Continued
Industry Industrial fabric The small size of companies is one of the principal structural problems of Spanish industry. Only 17% of the industrial companies have 10 or more workers, as against 44% in Switzerland or 38% in Germany (Deloitte). Our companies have an average size of 10 workers, whereas the average for Europe is 17.
Installment payment of Corporation Tax In 2014, total installment payment of corporation tax increased 6.9% over 2013, to 17,425 million euros. Installment payment by the large companies and consolidated groups totaled 15,905 million euros in 2014, some 8.3% more than in 2013 and double the figure of 2011 (7,626 million).
Reindustrialization in Spain There has been a slight improvement in the industrial sector in Spain: Industrial production in January increased 0.4% year-on-year (adjusted for seasonal effects and calendar), mainly thanks to the energy sector (+3.9%) and capital goods production (+1.1%) (Index of Industrial Production, INE). Investment in capital goods increased 10.3% year-on-year in the 4Q … Continued
The project of the Círculo de Empresarios for the Spanish medium-sized company1 seeks to evaluate and make these firms more visible by providing an accurate diagnosis. While they are essential for the growth of the Spanish economy, they have not received systematic analysis in the economic debate. The aim is to provide a platform and … Continued
METROSCOPIA The conclusions of this poll can be summarized as follows: • Spaniards have a more positive than negative opinion of Spanish businessmen. • In general, Spaniards have more confidence in companies than in the State, and feel there should be more businessmen than there are now. That same confidence in companies is expressed when … Continued
Published by Expansión The Círculo de Empresarios, which is currently celebrating its thirty-fifth birthday, was created at the start of Spain’s transition from dictatorship to democracy. In that difficult period, José María López de Letona, our honorary president and founder, led a generous offer by a group of important businessmen who wanted to express their conviction that the market economy was the … Continued