{"id":72616,"date":"2021-02-01T05:05:36","date_gmt":"2021-02-01T04:05:36","guid":{"rendered":"https:\/\/zen-hopper.82-223-81-17.plesk.page\/2021\/02\/01\/instituto-cervantes-made-a-profit-of-11-million-in-last-financial-year-before-covid\/"},"modified":"2021-02-01T05:05:36","modified_gmt":"2021-02-01T04:05:36","slug":"instituto-cervantes-made-a-profit-of-11-million-in-last-financial-year-before-covid","status":"publish","type":"post","link":"https:\/\/thediplomatinspain.com\/en\/2021\/02\/01\/instituto-cervantes-made-a-profit-of-11-million-in-last-financial-year-before-covid\/","title":{"rendered":"Instituto Cervantes made a profit of 11 million in last financial year before COVID"},"content":{"rendered":"
Eduardo Gonz\u00e1lez<\/strong><\/h6>\n

 <\/p>\n

The Instituto Cervantes made a profit of almost \u20ac11 million in 2019 thanks to Spanish certification and courses, a result that contrasts sharply with the more than \u20ac20 million in losses that have been estimated for 2020 because of the pandemic.<\/strong><\/h4>\n

\u00a0<\/strong><\/p>\n

According to the annual accounts for 2019, published last week in the Official State Gazette (BOE),<\/strong> the Instituto Cervantes obtained a budget result of almost 11 million euros in 2019, an increase of 57.33% over the previous year, thanks mainly to certification tests and enrolments in Spanish courses.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

Specifically, according to the Institute itself, the certification tests (the official Diploma of Spanish, DELE; the tests of constitutional and sociocultural knowledge of Spain, CCSE; and the International Service of Spanish as a Foreign Language, SIELE) represented an increase in revenue of 47.37% with respect to 2018. In addition, the Spanish courses taught in 2019, both at Cervantes centres and online, increased enrolment income by 4.47%.<\/p>\n

\u00a0<\/strong><\/p>\n

On the other hand, the report also devotes a chapter to “Events after the end of 2019” and, more specifically, to COVID-19, which forced the closure of “a large part of the face-to-face activity in all the centres throughout 2020, the transfer of face-to-face courses to online courses and the reprogramming of cultural and library activity to offer online services and content”, according to the institution.<\/p>\n

\u00a0<\/strong><\/p>\n

“Certification income has been the most affected”, and although in some centres face-to-face activity is gradually recovering “with many limitations and uncertainties”, others continue to be affected by the confinements in the respective countries, the report indicates. This situation “will lead to a significant decrease in income from the organisation’s own activities in 2020, the extent of which cannot be quantified at this stage”<\/strong>, it adds.<\/p>\n

\u00a0<\/strong><\/p>\n

On 6 October, the director of Instituto Cervantes, Luis Garc\u00eda Montero<\/strong>, reported at the annual meeting of the Board of Trustees that its own income from academic and certifying activities had fallen by 18 million euros and that a total decrease of around 25 million euros was expected by the end of the year.<\/strong> In the absence of official figures (the latest Report<\/strong> for 2019-2020 makes many allusions to the effects of the pandemic and the expected economic results for some sites, but does not include general figures), Garc\u00eda Montero himself specified almost a month later before the Foreign Affairs Committee of the Congress that the drop in income could be around 22 million. “The first calculations were for a drop in income of 28 million, then we thought it would be 25 million and now we are hoping for 22 million”<\/strong>, he added.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Instituto Cervantes made a profit of almost \u20ac11 million in 2019 thanks to Spanish certification and courses, a result that contrasts sharply with the more than \u20ac20<\/p>\n","protected":false},"author":1,"featured_media":56935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[106,158,182],"tags":[],"class_list":["post-72616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-frontpage","category-frontpage-en","category-subscribers"],"yoast_head":"\nInstituto Cervantes made a profit of 11 million in last financial year before COVID - thediplomatinspain.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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