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This article says that authorities are preparing to liberalize Spain's stock markets in preparation for 1992, when the European Community's capital markets will be legally unified. A three-way fight for securities business is likely to develop between banks, investment companies, and small brokerage firms. The idea is that securities operations will be given a couple of years breathing space before foreigners are allowed in on equal terms. The liberalization should happen sometime in 1989. A pending legislative bill will do away with fixed commissions, set up a strict regulatory body, and create continuous trading and electronic bookkeeping systems. Spanish banks control enormous industrial portfolios in Spain. INSET: Settlement problems..

This article presents a special report on project financing trends and the prospective areas of implementation in Spain. The report finds that though the concept of project financing is new in Spain, it has found enough scope. Today electricity sector--in particular cogeneration and renewable energy projects--are using project financing techniques. These techniques are also employed in projects related to public service utilities, such as water supply and distribution, water treatment plants and desalination plants. Four recent deals i.e. Elcogas, Autopista de la Costa del Sol, Minecentrales Dos and Aceria Compacta de Bizkaia have shown that large-scale project financing can be done in all sectors. The article suggests a few good sectors for project financing in the framework of deregulation, liberalization and divestment fostered by government like water sector, Infrastructure, Telephony, part of Airport and Seaport business. Overall it presents a lush green picture for project financing in Spain. INSET: Landmark Deals..

The article discusses the measures adopted by the Spanish government on tax, labour, social security, and deregulation in December 2010 to foster investment and job creation. According to the author, all of the measures share the common goal of bolstering the confidence of economic operators and the stability of investors. These measures include the accelerated depreciation for new assets, exemptions from transfer tax, and measures to stimulate small and medium-scale enterprises (SMEs).