The governments of Germany, Denmark, Estonia, Finland, Luxembourg, Latvia and the Netherlands have sent a joint letter to the European Commission in which they ask that the reform of the electricity sector in the EU be carried out under free market parameters and without price interventionism. The letter, to which the newspaper Expansión has had access, is a harsh blow to the proposal put forward by the Spanish government to…
The situation is so absurd that there are situations where, although there are charging points already installed – at petrol stations, in public car parks or other types of premises – they do not actually have any electricity. They are not operational because some grid connection permit or other final document is missing. This collapse not only puts Spain at the bottom of the European league table in the deployment…
The Animal Welfare Law promoted by Minister Ione Belarra and approved in Congress with the votes of PSOE, Podemos, ERC and Bildu has introduced an important change in the Spanish Penal Code by changing the term ‘domestic animal’ to ‘vertebrate animal’. A vertebrate animal is any animal that has bones and an articulated skeleton or backbone. Now, under the new law, striking, injuring or killing a vertebrate animal will be…
BBVA, Inditex, Mapfre, Ferrovial, Gestamp and Antolin are the largest Spanish companies with a presence in the country, to which Spain exported almost 6.1 billion euros up to November 2022, an increase of 22.4% (according to the latest available data published today in the newspaper Expansión). The nearly 70 Spanish companies with a presence in Turkey are assessing the impact of the earthquake that struck the country on Monday and…
Inditex has reached an agreement with the trade unions setting a fixed minimum wage from €18,000 for all employees in the shops of the group’s different brands throughout Spain, an amount to which will be added other variable payments such as those linked to seniority, commissions or night work, among others. It also approves aid for children and adoption, salary increases on Sundays and public holidays, higher commissions and bonuses….
Of the 31 OECD countries analysed, nine recorded an increase in real per capita household income, while twelve recorded a fall, although among the large eurozone economies only Spain maintained its deterioration, with a loss of 7.85%, the worst figure of all the OECD countries. Although this household income exceeded pre-pandemic levels in the third quarter of 2022 in almost all OECD countries, Spain led the group of those that…
Fernando González Urbaneja | The case of the trains that do not fit in the tunnels is a significant anecdote both of a huge, astonishing error in design and commissioning, and of the absence of explanations and a coherent account of what happened. What we do know is confusing and the laments of the regional presidents affected are insufficient to understand the case. The comments from the ministry and ADIF…
Link Securities | Telefónica has signed a strategic partnership agreement with the Saudi Arabian telecommunications operator STC Group to develop joint business in the Middle East and North Africa. With the signing of this agreement, STC Group becomes a member of TEF’s Partners Program, an initiative of alliances with other operators launched by the Spanish company in 2011 and covering more than 65 markets in Europe, Latin America, the Middle…
Natural gas imports from Algeria to Spain plummeted by 40% in 2022, with Algeria falling to second place among suppliers and representing 23.9% of Spain’s total. These figures, according to sources in the sector, will continue to fall during this year, 2023, as “orders placed during the first months of 2022 for natural gas, before relations between Moncloa and Algiers broke down, have yet to be deducted”. And if this…
Renta 4| Repsol (REP), through Solmatch, has more than 350 installations in Spain. Solmatch is a sustainable energy service focused on distributed or decentralised generation in Spain that was launched by the company in 2020. Repsol has agreements to develop solar communities (collective self-consumption). One of these agreements is with the Lasalle Schools, where the entities have committed to developing a total of 29 self-consumption parks in different schools located…