This document provides a SWOT analysis, economic overview, and discussion of governance for Spain. It notes strengths like EU membership, infrastructure, and tourism potential, as well as weaknesses such as declining birth rate, unemployment, and debt. Opportunities include investment incentives and connectivity, while threats include housing/debt bubbles and separatist movements. Spain has the 14th largest economy in the world by GDP. While it faced debt issues, reforms have improved transparency and anti-corruption laws. The judiciary is independent though regional differences exist in regulations.
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Taxation 101 basic rules and principles in philippine taxation by jr lopez go...JR Lopez Gonzales
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Taxation 101 basic rules and principles in philippine taxation by jr lopez go...JR Lopez Gonzales
This was the informative speech on the basic taxation principles in the Philippines. It was a thirty-minute speech on the basics of the Philippine Tax system presented to the students of the Mindanao State University - Iligan Institute of Technology on 8 August 2011 for the Political Science 2 Lecture Series. The document was uploaded by JR Lopez Gonzales of www.politikalon.blogspot.com.
What is Microsoft Flow, where it's hosted, how its accessed and by whom. Learn how to automate workflows across a growing number of applications and services using built in templates or from scratch.
Quickly build PowerApps to cloud services and data sources you're already using. Gives business analysts and specialists the ability to quickly build apps that suit their specific needs
No code required or struggling with integration issues to connect data
Apps can be published instantly to co-workers across web, tablets and mobile devices without waiting for app stores.
PowerApps also integrates with Microsoft Flow, making it possible to trigger flows from within apps.
IT Pros and other roles to consider when rolling out Flows. Lifecycle management
Deployment management
PowerApp connector to access local SharePoint (coming soon)
API development and management
Manage Azure App Service as well as Office 365
Azure Logic Apps for more complex integration
Azure Resource Manager, Azure Portal and Azure CLI, VS
Citizen developers
Cloud service broker
Developer
Limitations and Requirements
Flow REF: https://flow.microsoft.com/en-us/
PowerApps PreviewREF: https://powerapps.microsoft.com/en-us/
MicrosoftFlow and PowerApp public preview announcement
REF: https://powerapps.microsoft.com/en-us/blog/introducing-microsoft-flow-and-announcing-the-public-preview-of-powerapps/
Logic Apps (Also in preview at this time)
https://azure.microsoft.com/en-us/services/app-service/logic/
Office 365 Dev 1 year FREE Office Development tenanthttp://dev.office.com/getting-started
Office 365 Developer Patterns and Practices
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Refresh a dataset created from PowerBI Desktop
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Introduction to Everyday Money Management. A small book on the essentials of money management for those looking for ways to get control of their money.
This presentation will discuss the difficult regulatory issues surrounding introducing self-driving cars onto our roadways. Many novel questions will be discussed, such as how to allocate liability for an autonomous vehicle, the self-driving cars’ impact on public transportation and infrastructure, and personal privacy concerns.
Salah - How to do it correctly by Mirza Yawar BaigMirza Yawar Baig
Salah - How to do it correctly by Mirza Yawar Baig
References:
Salah is not a burden - https://www.youtube.com/watch?v=8P_BNjHtB-U
Salah is not a responsibility - https://www.youtube.com/watch?v=fVn2eiJlLhk
Salah: The Complete Tarbiyah & Tazkiyah - https://www.youtube.com/watch?v=bR4O5rBhd0A
Earn & Eat Halaal - https://www.youtube.com/watch?v=umRepsFXleg
Teaching Quran - https://www.youtube.com/playlist?list=PLhQYGg7P8kb28aHt6ulcxG4Fji_NdQ8bE
Optimize for Engagement: Future-Proof Your Local Search RankingsDana DiTomaso
It’s getting harder and harder to rank in local search results – more businesses than ever have basic citations covered, no one is handing out free links, and social media is just downright noisy. What’s a business to do?Dana will show how to build a marketing strategy by planning your tactics around that signal, and how to show Google that you’re a thriving business that deserves those great rankings.
Presented at Engage PDX, March 9 2017.
#NomadTalks 1: Offshore 101 - How to Diversify your Life, Protect your Assets...Theodor Berghausen
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CODINO is a network of location independent entrepreneurs and freelancers for meetups, coworking, coliving, and mastermindgroups. Join us on http://www.meetup.com/codino/
Investments and Trade in Spain - October 2015TAG Alliances
Bufete Escura is one of the most well known and respected Law firms in Barcelona. A client centered service, coupled with high quality ethical standards form the basis of our mission. Our longstanding service ethic has resulted in us becoming the reference Law firm for a wide range of business associations who trust our firm as the Law firm they recommend to their associates. Bufete Escura delivers legal services to a great number of global companies, who trust in us to supervise and advise their subsidiaries due to our specialist knowledge of the regulatory and business framework both in Catalonia and throughout Spain. We must emphasize our special relationship with Italian companies based or willing to be based in the Barcelona area, given that we have several collaboration agreements signed with different Italian Chambers of Commerce.
Tax haven is creating a lot of scope for money laundering and tax evasion. Money Laundering is treated as a crime whereas tax evasion is not treated as crime and there is no strict legal action. Tax haven affects in lower tax collection by countries. The money which should be spent on people is enjoyed by certain group of people.
Driven by a Real Estate price bubble and the lack of Monetary Policy, the Spanish Economy has suffered from the credith crunch one of the biggest recession in its history. Banking bailouts and savings banks resstructure and other government policies have stabilized the economy, but a strong dependance on a low interest rate can lead Spain to another crisis in 2019 if the European Central Bank follows as always the american trend of rising interest in a crowling manner by 2%. If you are in the brick industry again, and in Spain and have mortgage, start thinking now again about switching industry like I am doing and focusing on International business and exports. I hope to enlighten with this group project from the Darla Moore School of Business, at the top #1 International Business School of the USA, a broader point of view on global financial impacts of capital markets.
INVERSIONES Y NEGOCIOS EN ESPAÑA
ESCURA tiene una larga tradición en la prestación de servicios a empresas extranjeras en España, apoyándolas en la defensa de sus asuntos, así como en la creación de filiales y sucursales.
En este sentido tenemos constituidos varios Desk, es decir, departamentos especializados por países.
Muchos clientes nos hacen llegar sus necesidades de servicios, habiendo detectado que muchas empresas necesitan un acompañamiento inicial para su implantación en España.
Conscientes de esta necesidad, hemos creado el International Service Hub (ISH).
El ISH agrupa un conjunto de servicios que requieren las empresas muy especialmente en su fase inicial de implantación. Servicios que van de disponer de unas oficinas y un domicilio, hasta recibir servicios de asesoramientoen todas las áreas que sean requeridas.
La guía "Investments & Trade in Spain" introduce el conocimiento a los inversores sobre las particularidades jurídicas, fiscales y laborales, de España y por extensión de Cataluña, siendo ésta la mejor región para invertir al sur de Europa, con un contenido focalizado en:
- Información General del País.
- Sistema Legal.
- Sistema Fiscal.
- Regulación Laboral.
- Sistema de procedimientos civiles.
- Legislación Contable.
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This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
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- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
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Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
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Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
2. SWOT ANALYSIS
STRENGTHS:
• Spain is a EU member & has Euro as a
common currency.
• Improvement in the financial situation of
businesses
• High-quality infrastructure
• Significant tourism potential
WEAKNESS:
• Declining birth rate.
• Unemployment surge.
• Still High Levels Of Private And Public Debt,
Very Negative Net External Position
• Large Number Of Relatively Unproductive
Small Companies
• Fragmented Political Landscape
3. SWOT ANALYSIS
OPPORTUNITIES:
• Attractive domestic market
• Highly qualified work force.
• Incentives for Investments.
• Has better connectivity with SA & NA
countries, including EU.
• Moderate Tax structure.
THREATS:
• Housing Bubble
• High Debt
• Illegal immigrants from Africa
• Demand for separate Catalonia state.
4. ECONOMIC SCENARIO
• Spain has the 14th Economy by Nominal GDP in the World & 5th in EU zone.
• Has a GDP of $1.7 trillion PPP in 2016.
• Faced certain levels of Euro debt crisis.
• Unemployment rate at 18% in 2016
• Reduction of funds flow from EU
• Per Capita income $30,587
5. POLITICAL SCENARIO
• Spain is a parliamentary Monarch where head of state is the monarch & PM is the head of
government.
• To uplift the economy Spain has introduced financial austerity programs( wage cuts).
• The judiciary system is slow-moving & some what politicized
• Unstable government due to failure of coalition among parties
• PM Rajoy is facing corruption charges
6. SPAIN ON CORRUPTION ,GOVERNANCE & LAWS
• Spain has recently passed Anti-corruption laws which are fairly strong.
• Penalties for bribery include fines and of up to six years’ imprisonment, and public officials risk
being disqualified from public employment for up to 12 years.
• The Spanish parliament has passed Transparency Law, Access to Information and Good
Governance to enhance accountability & transparency.
7. SPAIN – ANTI BRIBERY LEGISLATION
• Regulation of conflict of
interest Laws (MPs and
govt. officials need to
disclose their assets and
interests)
• Law on transparency
(Right to information on
how public funds are spent)
• Anti money laundering
and terrorist financing act
(Compliance with EU
money laundering directive)
Source – business-anti-corruption.com, EUACR(EU anti corruption report)
8. The Penal Code (Articles 404 to 445)
1. The Criminal Code makes it illegal for individuals to
offer or accept bribes to/from corporate individuals,
along with Spanish and foreign public officials.
2. Penalties for bribery include fine and of up to six years
imprisonment , and public officials risk being
disqualified from public employment for up to 12 years
3. Facilitation payments are prohibited, and gifts and
hospitality may be considered illegal depending on the
value, intent and benefit obtained
4. A corporate entity may be held liable for corruption
offences committed by its employees
5. Corporate administrators can be given prison sentences
and heavy fines for receiving illegal financing
SPAIN – ANTI BRIBERY LEGISLATION
)
9. HIERARCHY OF LAWS IN SPAIN
• THE HIERARCHY OF SPANISH LAWS:
1. THE CONSTITUTION
2. INTERNATIONAL TREATIES
3. THE LAW IN ITS STRICT SENSE: ORGANIC LAW (WHICH REQUIRES
AN ABSOLUTE MAJORITY FROM THE CORTES GENERALES), ORDINARY
LAW AND REGULATORY LAWS (AMONGST WHICH ARE FOUND THE
ROYAL DECREE OF LAW AND THE LEGISLATIVE ROYAL DECREE)
4. LAWS STEMMING FROM THE EXECUTIVE, WITH ITS OWN HIERARCHY
BASED ON THE FUNCTION OF THE BODY THAT MADE THEM (ROYAL
DECREE, DECREE, MINISTERIAL ORDER, ETC.)
10. REGULATORY SYSTEM IN SPAIN
• THE JUDICIARY OF SPAIN CONSISTS OF COURTS AND TRIBUNALS, COMPOSED
OF JUDGES AND MAGISTRATES (JUSTICES), WHO HAVE THE POWER TO ADMINISTER JUSTICE IN
THE NAME OF THE KING OF SPAIN
• THE SPANISH LEGAL SYSTEM IS A CIVIL LAW SYSTEM BASED ON COMPREHENSIVE LEGAL CODES
AND LAWS ROOTED IN ROMAN LAW, AS OPPOSED TO COMMON LAW, WHICH IS BASED ON
PRECEDENT COURT RULING
• OPERATION OF THE SPANISH JUDICIARY IS REGULATED BY ORGANIC LAW 6/1985 OF THE
JUDICIARY POWER, LAW 1/2000 OF CIVIL JUDGEMENT, LAW OF SEPTEMBER 14 1882 ON
CRIMINAL JUDGEMENT, LAW 29/1998 OF ADMINISTRATIVE JURISDICTION, ROYAL
LEGISLATIVE DECREE 2/1995, WHICH REWROTE THE LAW OF LABOUR PROCEDURE, AND
ORGANIC LAW 2/1989 THAT REGULATES MILITARY CRIMINAL PROCEDURE
11. CONSTITUTIONAL PRINCIPLES
• THE SPANISH CONSTITUTION GUARANTEES RESPECT FOR THE ESSENTIAL PRINCIPLES NECESSARY FOR THE CORRECT
FUNCTIONING OF THE JUDICIARY:
• IMPARTIALITY: TO GUARANTEE THE ASSURED EFFECTIVE JUDICIAL TRUSTEESHIP TO ALL CITIZENS BY THE
CONSTITUTION, JUDGES MUST REMAIN IMPARTIAL IN CASES THAT THEY JUDGE AND MUST ABSTAIN FROM CASES
THAT THEY HAVE NO REASON TO ENTER INTO
• INDEPENDENCE: COURTS AND TRIBUNALS ARE INDEPENDENT OF ALL AUTHORITY OR PEOPLE IN THE EXERCISE OF
JURISDICTIONAL POWER
• IRREMOVABILITY: JUDGES AND MAGISTRATES ARE IRREMOVABLE AND CANNOT BE REMOVED, SUSPENDED,
SEPARATED OR RETIRED WITHOUT CAUSE AND WITH GUARANTEES ESTABLISHED BY LAW
• RESPONSIBILITY: JUDGES AND MAGISTRATES ARE PERSONALLY RESPONSIBLE FOR THEIR DISCIPLINARY
INFRACTIONS AND CRIMES COMMITTED IN THE EXERCISE OF THEIR OFFICE; THIS RESPONSIBILITY CAN ONLY BE
REQUIRED BY THE ESTABLISHED LEGAL DISCIPLINARY TRACT, WITHOUT INTERFERENCE BY THE EXECUTIVE OR
LEGISLATIVE BRANCHES OF THE GOVERNMENT OR THROUGH ORDINARY LEGAL PROCEEDINGS
• LEGALITY: IN THE EXERCISE OF THEIR JURISDICTIONAL FUNCTIONS, JUDGES AND MAGISTRATES ARE SUBJECT TO
THE CONSTITUTION AND TO THE REST OF THE LAWS JUST AS OTHER BRANCHES OF GOVERNMENT AND CITIZENS ARE
12. • THE JUDICIARY CAN BE ORGANIZED INTO DIFFERENT LEVELS OF TERRITORIAL
ORGANIZATION:
1. THE NATIONAL COURTS
2. THE AUTONOMOUS COMMUNITIES OF SPAIN
3. THE PROVINCES OF SPAIN
4. THE JUDICIAL DISTRICT
• THE JUDICIARY CAN BE ALSO ORGANIZED INTO FIVE JURISDICTIONAL ORDERS, WHICH ARE
EACH COMPOSED OF SEVERAL DIFFERENT CIRCUITS:
1. CIVIL JURISDICTION
2. CRIMINAL JURISDICTION
3. ADMINISTRATIVE JURISDICTION
4. LABOUR OR SOCIAL JURISDICTION
5. MILITARY JURISDICTION
• UNI-PERSONAL COURTS ARE THOSE COURTS THAT ARE CONTROLLED BY ONE JUDGE AS
OPPOSED TO THE REST OF THE HIGH COURTS OF JUSTICE CONTROLLED BY PANELS OF JUDGES.
THEY ARE THE BASIC UNITS OF JUDICIAL PROCEDURE IN SPAIN
13. GOVERNANCE
• Governance Of The Spanish Judiciary – General Council Of The Judiciary
• Oversees The Work Of All Courts And Tribunals Of Spain
• Allocates Judges And Magistrates To Each Of Them
• The General Council Composition – 20 Members, 12 Of Who Must Be Judges And
Magistrates And The Remaining 8 Other Jurists (Lawyers, Professors Etc.) Of Renowned
Competence And With More Than Fifteen Years Professional Experience
• Of The Twelve Judges, 6 Are Elected By The Congress Of Deputies And 6 By The Senate By
Three Fifths Supermajority From A List Of 36 Candidates Proposed By Professional
Associations Of Judges And Magistrates According To The Size Of Their Membership Or Any
Independent Candidate Who Obtains The Endorsement Of Two Percent Of Their Colleagues
• Of The 8 Jurists 4 Are Elected By The Congress Of Deputies And Four By The Senate By Three
Fifths Supermajority
14. EASE OF DOING BUSINESS IN SPAIN
• Ranked 12th In The World For Foreign Direct Investment (FDI) Inflows
• Received FDI Inflows Of USD23 Billion
• Ranked 33rd In The World Bank's 2016 Doing Business Rankings, Moving Up One Place From
34th In The Year Prior
• The Ranking Recognized Reforms Enacted By Spain To Make Doing Business Easier In The
Country
• This Included Strengthening Minority Investor Protection By Requiring Major Sales Of Company
Assets To Be Subject To Shareholder Approval
• Made Paying Taxes Less Costly By Reducing Rates For Corporate Income, Capital Gains And
Environment Taxes And Made It Easier By Introducing An Online System For Filing VAT Returns.
• Small And Medium Entrepreneurs Across Spain Face Large Differences In Regulatory Practices
Depending On Where They Do Business
15. EASE OF DOING BUSINESS IN SPAIN
• Differences In Regulations And Implementation At The Municipal, Regional And National Level
Determine How Easy It Is To Do Business
• Except For Construction Permits, All Regions Perform Below The European Union Average
• Based On The Aggregate Rank Across The Four Areas Analyzed In The 19 Regions And Cities, It
Is Easier To Do Business In La Rioja And The Community Of Madrid
• Easier To Start A Business In Andalusia, Obtain A Construction Permit In La Rioja, Connect A
Warehouse To Electricity In Catalonia And Transfer Property In Ceuta And Melilla
• All Locations Have Good Practices That They Can Share With Others, But They Could Also Learn
From Others. If All The Good Practices Analyzed Were Adopted In A Hypothetical City, Spain’s
Global Performance Would Improve
16. Population 46.4 millions
GDP (US$ billions)1199.7
GDP (PPP) per
capita (US$)34819.45
GDP (PPP) as share (%) of
world total1.42
Unemployment 21.9%
FDI inflow $9.2 Billion
World Rank 69
Regional Rank 31
Economic freedom
status moderately free
ECONOMIC FREEDOM REPORT
17. The courts have a solid record of investigating and prosecuting cases of corruption.
. The top individual income tax rate has been cut to 45 percent, and the top corporate tax rate has been cut to 25
percent.The overall tax burden equals 33.2 percent of total domestic income. Government spending has amounted to 44.2
percent of total output (GDP) over the past three years, and budget deficits have averaged 5.8 percent of GDP.
18. Procedures for setting up a business have been streamlined. Despite some progress, labor regulations remain
restrictive.Price controls have all but disappeared except in sectors still controlled by the national government, such
as farm insurance, stamps, public transport, and medicines. Regional governments also control a few prices in their
jurisdictions The value of exports and imports taken together equals 64 percent of GDP. The average applied tariff
rate is 1.5 percent. The financial sector continues to improve its overall conditions, with the banking sector regaining
stability. The share of nonperforming loans remains high
20. MOST PROBLEMATIC FACTORS FOR DOING BUSINESS
• TAX RATES - 14.5
• INEFFICIENT GOVERNMENT
BUREAUCRACY- 14
• RESTRICTIVE LABOR REGULATIONS-
13.2
• INSUFFICIENT CAPACITY TO
INNOVATE-12.1
• ACCESS TO FINANCING- 11
• POLICY INSTABILITY- 9.1
• CORRUPTION- 7.4
• INADEQUATELY EDUCATED
WORKFORCE- 6.1
• TAX REGULATIONS- 4.4
• POOR WORK ETHIC IN NATIONAL
LABOR FORCE- 3.7
• INADEQUATE SUPPLY OF
INFRASTRUCTURE- 2.5
• GOVERNMENT INSTABILITY- 1.4
• FOREIGN CURRENCY REGULATIONS-
0.4
• INFLATION -0.2
• POOR PUBLIC HEALTH-0
• CRIME AND THEFT-0
21. TRANSPARENCY INTERNATIONAL
• CORRUPTION PERCEPTION INDEX – 41/176
• SCORE – 58/100
• GLOBALAVERAGE SCORE – 43/100
• Over Two-thirds Of The 176 Countries And Territories In This Year's Index Fall Below The Midpoint Of Scale Of 0
(Highly Corrupt) To 100 (Very Clean).
• Ti-spain Has Been Elaborating And Publishing In The Last Years Five Indices Of Transparency: A) The
Transparency Index Of The Town Council B) The Transparency Index Of The Autonomous Communities C) The
Transparency Index Of Water Management D) The Transparency Index Of The Diputations And E) The
Transparency Index Of The Parliaments.
22. AMNESTY REPORT
• New Cases Of Torture And Other Ill-treatment, Excessive Use Of Force And Collective
Expulsions By Police Officials Were Reported
• Investigations Into Allegations Of Torture And Other Ill-treatment Were Sometimes Not
Effectively Conducted.
• Authorities Accepted The Resettlement And Relocation Of Only A Few Hundred Refugees,
Far Below The Commitments Undertaken.
• Spanish Authorities Continued To Refuse To Co-operate With The Argentine Judiciary To
Investigate Crimes Committed During The Civil War And By The Franco Regime.
23. INVESTMENT AND TRADE REGIME
• Rapid Growth In International Trade And Foreign Investments
• Spain Is Ranked 17th In The World As An Exporter And 14th As An Importer; While In The
Trading Of Services It Occupies 7th Place As An Exporter And 14th Place As An Importer
• Spanish Exports And Imports Of Goods Account For 1.70% And 2.0%, Respectively, Of The
Worldwide Total, While Spanish, Exports And Imports Of Services Represent 3.40% And 2.40%
Respectively
• Spanish Exports To The European Union Accounted For 62.8% Of Total Exports And Sales To The
Eurozone Represented 49.5% Of The Total. Imports From The European Union Accounted For
50.2% Of The Total And Those From The Eurozone Represented 40.4%
24. LEGISLATION ON FOREIGN INVESTMENT
• Royal Decree 664/1999 Deregulated Practically All Transactions Of This Kind (With The Conditions And Exceptions Set Forth Below),
Adapting Spanish Domestic Law To The Rules On The Freedom Of Movement Of Capital Contained In Articles 56 Et Seq. Of The Treaty
Of The European Union.
• As A General Rule, Foreign Investments Must Be Reported Afterwards, Once The Investment Has Been Made. The Only Exceptions Are:
(I) Investments From Tax Havens, Which In General Must Be Notified Beforehand; And (Ii) Foreign Investments In Activities Directly
Related To National Security, And Real Estate Investments For Diplomatic Missions By Non-eu Member States, Which Require Prior
Authorization By The Spanish Council Of Ministers. There Is No Obligation For Foreign Investments To Be Formalized In The Presence
Of A Spanish Public Certifying Officer (Unless An Express Provision Provides Otherwise).
• Only Foreign Investments In The Air Transportation And Radio Industries, In Industries Relating To Raw Materials, Minerals Of Strategic
Interest And Mining Rights, In The Television, Gaming, Telecommunications And Private Security Industries, In Industries Concerned
With The Manufacturing, Marketing Or Distributing Of Arms And Explosives And In National Security-related Activities (These Latter
Activities Are Subject To The Clearance Rules), Will Be Subject To The Requirements Imposed By The Relevant Bodies Established By
Industry-specific Legislation, Although The General Provisions May Apply To Them Once Those Requirements Are Met.
25. FAILURE AND SHINING EXAMPLES IN GOVERNANCE
• For Much Of The Past Decade, The Country Made Headlines For Its Tottering Banks And Free-falling Economy, For Its Corrupt Politicians And
The Ever-expanding Army Of Unemployed
• But In A Year That Has Seen The Uk Vote To Leave The Eu And The Us President Donald Trump, At A Time When Populist And Xenophobic
Parties Are On The Rise In Europe And Political Tensions Are Flaring Around The Globe, Spain Is Finally Starting To Abandon Its Defensive
Crouch.
• Compared With The Political And Economic Uncertainties Gripping So Many Other Countries, The Nation’s Strengths Are Starting To Shine A
Little More Brightly.
• “Spain Has A Very Big Advantage Now: We Are Off The Radar Screen In Terms Of Political Uncertainty,” Says Luis De Guindos, The Economy
Minister.
• The Country’s Strengths Include, Most Obviously, An Economic Recovery That Is Now In Its Third Year And Still Going Strong. Unemployment,
Though Still Very High At 18.9 Per Cent, Is Falling Steadily. Growth Is Forecast To Reach 3.2 Per Cent This Year, Almost Twice The Pace At
Which The Eurozone As A Whole Is Expanding. Even The Long-moribund Housing Market, Which Created The Bubble That Triggered Spain’s
Economic Collapse In The First Place, Is Finally On The Mend.
• “The Measures That We Took During The Crisis Are Paying Off. Job Creation Is Strong And Growth Is Strong So That Shows That The Reforms
Have Worked,” Says José María Roldán, The President Of AEB, The Spanish Banking Association.
26. LIST OF MNC’S
• Arbertis
• ACS Group
• Almirall
• Banco Satander
• Ebro Foods
• Inditex
• Logista
• Natraceutical
• Repsor
• Ufinet
• Viscofan