Arab Today, arab today madrid city council to rescind contracts with company gowex
Last Updated : GMT 08:36:05
Arab Today, arab today
Arab Today, arab today

Madrid City Council to rescind contracts with company Gowex

Arab Today, arab today

Arab Today, arab today Madrid City Council to rescind contracts with company Gowex

Madrid Mayor Ana Botella
Madrid - XINHUA

Madrid Mayor Ana Botella said on Monday that the city council of Madrid "will immediately rescind" contracts with the Internet network company Gowex if the company's accounts are false, local media reported on Monday.
The president of the company, Jenaro Garcia, presented his resignation on Sunday after admitting false accounts for at least the past four years.
Botella told reporters that she was very surprised by the situation at the company, which solicited opening bankruptcy proceedings because it could not face its debts.
Madrid has "a few" contracts with Gowex in some squares of the city and centers for technological innovation, the mayor said.
Gowex had been a successful company. Its president won Ernst and Young Entrepreneur of the Year award in 2011 and the Spanish Emprendedora prize for his work.
However, a report by Gotham City Research showed recently that Gowex' shares were worthless and a big proportion of the company's income did not exist. As a result, the company's shares fell by 60 percent in two days and the Alternative Stock Market (MAB) suspended trading.
Shares of the 20 companies trading on the MAB were falling on Monday morning due to the financial crisis at Gowex. The companies Carbures, Ibercom and Neuron suffered the biggest falls on Monday, falling 12.95 percent, 12.93 percent and 11.48 percent respectively.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today madrid city council to rescind contracts with company gowex Arab Today, arab today madrid city council to rescind contracts with company gowex

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today madrid city council to rescind contracts with company gowex Arab Today, arab today madrid city council to rescind contracts with company gowex

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday