Spain receives nearly €2bn of investment in April

Spain registered an inflow of capital of 1.95 billion euros (2.5 billion U.S. dollars) in April, according to data published on Friday by the Bank of Spain. This is considered good news for Spain as the country registered an outflow of capital of 5.1 billion euros in March due to uncertainties over the bailout of Cyprus breaking the positive trend of six consecutive months of capital inflow that had started in September 2012 In annual terms, the situation improved compared to April 2012 when the country registered an outflow of capital of 26.6 billion euros. In the first quarter this year, Spain received a total of 45.4 billion euros of investment, compared to an outflow of capital of 124.7 billion euros a year earlier. In 2012, Spain registered an outflow of capital of 179.22 billion euros, 1.44 percent up on 2011 figure, displaying a lack of confidence in the Spanish economy amid rumors of a bailout. These uncertainties were partially dispelled after the European Central Bank (ECB) announced the bond-buying program. Meanwhile, the Spanish risk premium stood at 306 points on Friday.