Portugal–Spain border Portugal–Spain border The Portugal–Spain border is the international boundary between Portugal and Spain. Referred to as "la Raya" in Spanish and "A Raia" in Portuguese (the stripe), the current demarcation is almost identical to that defined in 1297 by the Treaty of Alcañices. It is one of the oldest borders in the world. The Portugal–Spain border is 1,214 km (754 miles) long and considered the longest uninterrupted border within the European Union. The border is not defined for 18 km (11 miles) between the Caia river and Ribeira de Cuncos, because of the disputed status of Olivenza, which has been
Cross border listings Cross border listings A commercial company may choose to list its shares in a stock exchange of a country other than that in which the company is based. This practice is known as "cross-border listing" or "cross-listing". Firms may adopt cross-border listing to obtain advantages that include lower cost of capital, expanded global shareholder base, greater liquidity in the trading of shares, prestige and publicity. Decision makers also need to be satisfied that the benefits exceed possible costs, such as listing costs, exposure to legal liabilities, taxes and various trading frictions, and reconciliation of financial statements with varying national standards.