Argentaria crea un grupo inmobiliario integral para competir con Vallehermoso

Article Abstract:

Following the good performance of the construction sector, the Spanish banking group Argentaria will gather together all its real estate activities under its Gesinar subsidiary. The new area will be structured in six divisions: a real estate dedicated in selling and buying buildings (Gesinaria); a real estate specialized in renting (Gesinar Rentas); an investment fund (Argentaria Propiedad); a valuation division (Tasaciones Hipotecarias); an auction subsidiary (Optimus, in which it controls 50% of the capital, or the creation of its 100% subsidiary); and a hotel activity (Grubarges, formed with Barcelo and FCC). The setting up of Gesinar, planned to be operative after the Summer 1998, aims at directly compiting with other Spanish groups such as Metrovacesa and Vallehermoso.

Comment:

Will gather together all its real estate activities under its Gesinar subsidiary

Land Subdivision and Land Development, Subdividers & Developers, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Argentaria Corporacion Bancaria de Espana S.A., Gesinar

---

Aprobado el Presupuesto de las rebajas fiscales

Article Abstract:

Under the budget bill approved for 1999 by the Spanish government, income tax pressure for Spaniards will come down to 19.9% from 20.1%. Special taxes on tobacco and alcohol will not increase, nor will they be affected by the 1.8% inflation being predicted by the government. The aim of the government will be reduce public debt to 1.6% of GDP. The target for employment growth is 2.8%, or 369,000 jobs. The prediction for GDP growth in 1999 is 3.8%.

Comment:

Spain: Under budget bill approved for 1999 by govt, income tax pressure for Spaniards will come down to 19.9% from 20.1%

Public Finance Activities, Personal Income Taxes, Taxes, Personal income tax

---

Similar abstracts:

• Abstracts: Janssen Pharma a investi 12,4 milliards F enR&D Produits pharmaceutiques/ Socolie l'heure des r serves
• Abstracts: Iberia acusa a Aena del caos aeroportuario yadvierte que este persisitira si no toma medidas
• Abstracts: La Wallonie se dote d'une Agence des t l communications Interbrew soutenu par les actionnaires de Grolsch
• Abstracts: "Sera dificil bajar los precios de la telefonia local sin perder dinero" Lanueva Xey fusionada con Grumal ampliara capital en 5,000 millones

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.