Archive for the ‘Investment’ Category
This fact is so obvious that it is one of the fundamental causes of the duration and depth of the recession in Spain. If there are no jobs investment and if there is occupation there is no consumption or revenue growth.
The comprehensive data set of the latest survey on the access of small and medium enterprises (SMEs) to finance developed by the Council of Chambers of Commerce, and for the first quarter. The sample size is 400 companies in a universe of 1.66 million people between 1 and 249 employees.
The situation is so difficult that only 14.5% of the companies seeking finance for investment projects, the lowest ratio recorded by this poll that the Chamber began in 2009. To put it another way, the vast majority of companies-86.8% – needs external resources to meet the day to day working capital-, 2.5 points more than the last quarter of 2009.
And in this situation, the productive sector has many problems to convince financial institutions. 85.3% of SMEs in need of resources found in these circumstances, a little more than the 84.5% recorded in late 2009. Even, 13.9% left the bank window with empty pockets. Virtually the same percentage of frustrated entrepreneurs who had in the last quarter of 2009.
The company Andalusia engineering and renewable energy Abingdon has agreed with its creditors extended by two years the maturity of loans totaling 1,572 million euros, a figure slightly higher than initially expected. According to information submitted to the Commission National del Mercado de Valor’s (CNMV), the maturity of the loans has been extended two years until July 2012 and July 2013.
The deal was signed with a syndicate of 52 banks and international Spanish, led by Blanco Scamander, Society General, Deutsche Bank and Cava Madrid, among others.
Abingdon had a set of loans amounting to nearly EUR 266 million maturing in July 2010, to which were added another 1.266 million due in July 2011. The company had spent several months negotiating with creditors to extend the maturities of the loans, seeking to ensure the necessary funding to address the significant investment is planned in the coming years.
Also, is currently undergoing an ambitious expansion plan in solar and befouls that will take you to invest 4.937 million euros until 2012. Of this investment, the company is still seeking funding to build 10 new thermal power plants in Spain, involving an expenditure of 2,500 million.
Most investment is financed with debt on each project, but to diversify and complete the financing, Abingdon has been very active in recent months in the capital markets and does not rule out even a bag solar power subsidiary.
The strong economic recovery in Latin America that are expected this year will impact positively in the field of information technology to promote greater investment in this area, experts predicted on Thursday.
The takeoff of the region and how it is reflected in the market for information technology (IT, for its acronym in English) was one of the topics discussed at the CIO Leadership Forum on Latin America 2010, held in Miami (USA) for the Microsoft Corporation.
“We are optimistic about the economic development of the region is driven by the improvement of competitiveness based on improved productivity and largely due to investment in technology that have made all countries,” he told reporters Herman Rincon, president of Microsoft Latin America.
Cesar Bermuda, vice president of sales, marketing and services of that company, said this year there have been sales of 31 million computers in the region, according to International Data Corporation (IDC).
“That’s significant growth over the previous year. This is an increase from 13 to 15 percent in sales of computers. That makes the revival of the IT sector,” said Corny.
Corner during his presentation said the region over the past five years to 2008 recorded an average economic growth of 5.5 percent annually and inflation generally remained in
But “now we are seeing a strong recovery” to highlight the growth figures released on Wednesday by the International Monetary Fund (IMF), with Brazil leading the recovery in the region.
“The economic and social changes are rigged with advances in technology that are accompanying this growth,” Rincon said about 200 chief information officers of public and private sector from about 25 countries in Latin America.
Possibility Related Post
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During the extended meeting of the Council of Ministers, held the president stressed the importance of preparing cadres, said the newspaper Gran ma.
Called to keep the “feet and ears glued to the earth”, referring to the need to listen to views about who carried out the decision because new things and therefore we must give full attention.
The theme of the beginning of the meeting was the conception of early development of investment projects at the local level, which still have shortcomings in their preparation, especially those associated with agriculture.
This program began response lines 37 and 38 Social Economic and Policy Revolution, which will eventually be adopted at the Sixth Congress of the political organization
There is also an assessment of the process of unbundled Economic Plan 2011 in the enterprise level, the subject of several ministers and presidents of the Provincial Administrative Board is responsible for its activities, the daily said.
Among others, discuss the results of the reorganization undertaken in the transport of loads, at which point it is noted that despite shortcomings, the system in 2010 resulted in savings of nearly 40 000 tonnes of fuel.
Council of Ministers heard a report on crimes against state property, which emphasizes the need to become more severe in the application of criminal and administrative sanctions.
Others who also addressed the investment process, in which he concluded that the fate of the economy is not consistent with the development investment.