Fernando González Urbaneja | Escrivá manages to push through the first chapter of the reform book, which has two sides: guaranteeing purchasing power (more costs) and lengthening the retirement age, along the lines of the 2011 reform.To justify the budgetary subsidies to the system, which could distort and politicise it, the argument of “inappropriate expenditure” is used, which is a flexible box where everything that needs to be put in can fit.
Intermoney | No beating around the bush. The generation of energy through photovoltaic technology is one of the keys to Spain’s economic recovery. at the beginning of 2020, before the arrival of COVID-19, more than 59,000 people were working in photovoltaic. 59,000 people were working in photovoltaics, including direct and indirect jobs, with a direct contribution to GDP of 0.24%, and these figures are expected to increase over the next ten years, making our country an international photovoltaic hub.
Javier Andrés & Rafael Domenech (BBVA) | Our labor regulations make it difficult to hire people on permanent rather than temporary contracts, as severance costs are higher, there is legal uncertainty with layoffs and inflexibility when companies have to face economic, technical, organizational or production changes.
Spain was the second largest investor in Latin America in stock during 2019 (150 billion), behind the US (260 billion) and ahead of the Netherlands (143 billion), Luxembourg (106 billion), Canada (73 billion), Chile (62 billion), France (47 billion) and Germany, Korea and Italy (38 billion).
According to data from the National Statistics Institute (INE), the number of mortgages taken out on homes increased by 32.1% in April at a year-on-year rate, to 31,909. Of this figure, 58.5% were taken out at a fixed rate, representing an all-time high. However, it should be noted the comparison is based on a month which last year was affected by the state of alarm, with non-essential activity suspended. For…
The Spanish government has extended until December 31st the obligation for any foreign investor, even from the European Union, to request express permission to buy more than 10% of a strategic company listed on the stock exchange. Or, in any event, if the investment is more than 500 million euros. In March 2020, in the midst of the confinement to curb the pandemic, the Spanish government approved a shield to…
Spanish railway company CAF has been selected as preferred bidder by the German transport authorities ZV VRR (Zweckverband Verkehrsverbund Rhein-Ruhr) and NWL (Zweckverband Nahverkehr WestfalenLippe), transport operators in the North Rhine-Westphalia region, for the supply of more than 60 battery-powered trains. In addtion, the execution of the fleet maintenance services for a period of 30 years. The trains will have one of the most cutting-edge technologies in the railway sector,…
After the 2020 edition was cancelled due to the outbreak of the pandemic, the 14th edition of the Mobile World Congress opens today at Fira de Barcelona’s in the city of L’Hospitalet de Llobregat (Barcelona) in a hybrid format. the event expects to bring together between 30,000 and 50,000 attendees, 300 exhibitors, 600 speakers and 350 startups spread over 100,000 square metres, which will be combined with the digital format. In 2019, the event gathered 109,000 attendees in 120,000 square metres.
Juan José Fernández Figares | According to the final estimate of the data released yesterday by the National Statistics Institute (INE), Spain’s Gross Domestic Product (GDP) contracted by 0.4% in Q1 2021 compared to Q4 2020, when it had remained stable (0.0%). In the quarter under analysis, household consumption fell by 0.6% (0.0% in Q4 2020); household spending fell by 0.6% (0.0% in Q4 2020); public spending contracted by 0.1%;…
The Council of Ministers, in an extraordinary meeting yesterday, Thursday, approved a Royal Decree-Law “as a matter of urgency” to reduce the taxes applied to power supply, and thus the electricity price for households, the self-employed, SMEs and companies as a whole. It involves lowering VAT on electricity from 21% to 10% until end-year and suspending the 7% tax on electricity generation for three months. These measures, agreed between the…