Top Stories

In Spain

food waste

Spanish economy 4th June 2021

Every Spaniard Wastes 77 Kilos Of Food A Year

Portocolom AV | One out of every three pieces of food ends up in the rubbish bin, which is equivalent to around 1.3 billion tonnes of food. That is enough to feed all the undernourished people in the world several times over. In Spain, each person throws away 77 kilos of food a year, 42% of which is generated in households. But food waste is not only a social or humanitarian concern, but also an environmental one. When we waste food, we also waste all the energy and water it takes to grow it, harvest it, transport it. And if the food ends up in landfill and rots, it produces methane, a greenhouse gas even more potent than carbon dioxide.

closing companies

Spanish economy 3rd June 2021

Over 115,000 Companies (7.6% Of The Business Fabric) Disappeared In Spain Due To The Health Crisis

Randstad Research | Just before the start of the crisis, in February 2020, the number of companies was 1.48 M, i.e. 89,000 more than today. This loss means a drop of 6% in the number of businesses. If the comparison is made with April 2019, in order to avoid seasonality, the situation is even worse, since the fall in the number of companies is 7.6%, with a reduction of 115,014 companies.

hidraulica 1

Spanish economy 2nd June 2021

Spanish Utilities To Lose €800-1Bn With The Cut In Windfall Profits, 5% Of Their EBITDA

On Tuesday, the Ministry for Ecological Transition presented a draft bill to the Council of Ministers to put an end to windfall profits, i.e. to put an end to the over-remuneration of nuclear and hydroelectric power in order to reduce consumers’ electricity bills, which have risen considerably, among other things, due to the increase in CO2 emissions.According to government sources, the proposal would respect the European regulatory framework (where there should be no discrimination by technology) and would be similar to that existing between 2006/2009, with the reduction of a part of the CO2 “dividend” to non-emitting plants prior to 2005 that sell energy on the market.

PedroSanchezOCDE

Spanish economy 1st June 2021

In The OECD, Only Iceland And Mexico Will Take Longer Than Spain (Three And A Half Years) To Recover From The Crisis

According to the Organisation for Economic Co-operation and Development (OECD), Spain’s Gross Domestic Product (GDP) will grow by 5.9% in 2021 (5.7%; previous estimate), and by 6.3% in 2022 (4.8%; previous estimate). Thus, it will take three and a half years for Spain to recover its pre-crisis level of GDP per capita. Only Iceland and Mexico, of the 38 OECD member states, will take longer to recover it.

airbus satafi

Spanish economy 1st June 2021

Airbus Transforms Its Madrid’s Plant In The City Of Getafe Into Europe’s Third Largest Aerospace Facility

The European aerospace group Airbus has established its third largest industrial complex in Madrid, specifically Getafe, a city at the south of the region, becoming the company’s third centre after Toulouse and Hamburg. This involves an expansion of the Getafe centre – now renamed Campus Futura – which concentrates activities for the design, manufacture and assembly of electronic structures and equipment for space systems and civil and military aircraft.

Net wealth of European households lost in the crisis recovered; now is over seven times disposable income

Spanish economy 31st May 2021

The Pandemic Cuts Household Income By 3.3% And Companies’ Gross Operating Surplus By 18%

The impact of the pandemic on household accounts has been more moderate than that suffered by companies because most of the protective measures implemented by the government have been aimed at the former. In this respect, analysts at Funcas explain that the decline in the gross disposable income of households in 2020 was 3.3%, lower than that of GDP (-10.8%) and consumption (-12%). Meanwhile, the gross operating surplus of companies fell by 18%, the biggest drop in the entire historical series, and their gross disposable income fell by 17%.

paro empleo

Spanish Politics 30th May 2021

The OECD Makes A Full Amendment To The Approaches Of The Spanish Ministry Of Labour

The Secretary General of the OECD, Ángel Gurría, yesterday presented the “Economic Survey of Spain 2021” together with the Vice-President for Economic Affairs, Nadia Calviño. The document is an amendment to the labour policy proposed by the Spanish government in its entirety. It warns of the high impact of the coronavirus crisis on the Spanish economy and rejects a tax hike until the economic recovery is consolidated. It also asks…

Spanish PSOE

Spanish Politics 28th May 2021

Revolt In The PSOE Over The Pardons Sánchez Wants To Grant The Catalan Independence Supporters To Secure His Government

Within the PSOE itself, critical voices are growing against the pardons that the government intends to grant to the Catalan coup plotters to ensure its continuity. The president of the Junta de Extremadura, the socialist Guillermo Fernández Vara, explained on Wednesday that “it is clear” that “those who do not want to be pardoned should not be pardoned, since they do not respect or believe in the laws that make…

Spanish banks 's 2Q18 results season will start on July 25th

Spanish economy 28th May 2021

Spanish Banks Lag Behind: Q4’20 Deficit Of €7.336 Bn Compared Average Of €39.6 Bn For The Banking Union

Alphavalue | Spanish banks recorded a shortfall of 7,336 million euros in 4Q20, equivalent to 0.94%, compared to the target for their minimum requirements for own funds and eligible liabilities of 29.10% of risk-weighted assets, set on average for the sector in Spain by 2024 by the SRB. These figures leave Spanish banks lagging behind the Banking Union as a whole, whose average shortfall was 0.58% or 39,604 euros million in 4Q20 with respect to the MREL target.

Catalonia referendum

Spanish Politics 27th May 2021

The Supreme Court Rejects The Pardon For The 12 Catalan Coup Perpetrators And Says “It is an Unacceptable Solution”

The fact that Pedro Sánchez needs the support of ERC (the party of many of the Catalan politicians imprisoned for sedition) to stay in government, prevents the Prime Minister’s argument from being heeded: “Revenge is not a constitutional value,” he says. The 12 imprisoned pro-independence politicians have refused to request a pardon and have publicly reiterated they would be willing to call an illegal referendum like the one on October,…