Sunday from 8 p.m. to 9 p.m. is the time chosen by Spanish people to do their shopping. Sixty-six percent of consumers admit to buying products online at least once a month. Twenty-five percent of women shop online every week, while the percentage of men drops to 21%. Clothing (44%), footwear (40%) and electronics (39%) are the most frequently purchased products via e-commerce, These are the findings of the latest…
Renta 4 : The 13,000 employees linked to the Agreement of Linked Companies will receive a 7.8% raise in 2023 plus another €300 in October. This rise corresponds to the adjustment over the period 2019/2022, when the CPI had an accumulated rise of 12.5% and salaries rose by 6.5%, and to a rise of 1.5% in 2023. Work is also underway to update the salaries of non-agreement staff, which includes…
Spending on pensions has increased by almost 1,000 million euros compared to last December’s payroll and exceeds 11,000 million euros for the first time in history: 11,902 million. This is because, in application of the pension reform, pensions have risen by 8.5% by 2023, as a result of average inflation for the period December 2021-November 2022. In January this year, 10,009,149 contributory pensions were paid out, 0.9% more than a…
Alphavalue /Divacons| According to the IMF, the slowdown in Spain’s projected growth in 2023 compared to last year “reflects the effects of higher energy and food prices, tighter financial conditions and weaker external demand”. The agency anticipates that activity will reach its pre-pandemic level in early 2024, when it expects GDP to grow by 2.4% and at a rate of 2.2% in 2025. As for inflation, the institution estimates an…
The Labour Inspectorate has been the latest collective to join the protests of public employees – those of employees of Social Security, the Public Employment Service, the Tax Agency, the Health Service, the lawyers of the Justice Department… -The government has failed to comply with the agreement signed in July 2021, in which it promised to solve the serious staff shortages and the lack of professional careers in the agency….
F. Rodriguez | The National Securities Market Commission (CNMV in its Spanish initials) has convened for the end of this month the group of experts that has been advising it on the draft of the “Code of best practices for institutional investors, asset managers and proxy advisors in relation to their duties with respect to the assets allocated or the services provided,” whose public consultation period ended on 16 September…
ArcelorMittal will receive direct aid of around €450 million for the transformation of its facilities in Asturias. The European Commission gave its authorization last Friday for the Spanish Government to grant the steel giant the subsidy, which is part of the Perte (Strategic Project for Economic Recovery and Transformation) of industrial decarbonisation, which the Government approved on December 27 and endowed with €3,100 million of public funds. The Council of…
J.P. Marín-Arrese | When the Spanish elections in 2016 delivered a hung Parliament, Pedro Sánchez stubbornly challenged the only potential right-wing candidacy able to set up a minority Government. His resistance led to a protracted stalemate, leaving another fresh poll as the only way out. Fearing a crushing defeat in that bid, the Socialist party ousted Sánchez and allowed Mariano Rajoy to snatch the Premiership. Only a handful of loyal…
The country set to account for the lion’s share of Iberian exports of green hydrogen agreed yesterday, Sunday, with France, Spain and Portugal, to join the H2Med project, which will therefore reach Germany, as announced yesterday by the German and French presidents, Olaf Scholz and Emmanuel Macron. The H2Med project consists of building a large underwater pipeline linking Spain with France, via Barcelona and Marseilles, to transport hydrogen to Europe….
José Carlos González Vázquez (CECA Magán) | Today I found out that not only does the liquidation platform not work but, what is much more serious, that the insolvency platform where the 32 electronic forms of the Third Book of the TRLC (Texto Refundido de la Ley Concursal) (Consolidated Text of the Insolvency Law) are uploaded does not work either. Yes, yes, you have read correctly: none of the platforms…