The stability in Spain’s growth in the fourth quarter compared with the third is the result of two forces pulling in opposite directions: the strength of the export markets has offset the adverse effect of increased political uncertainty in Catalonia.
After the trade unions and employers have reached an agreement this week, the minimum wage in Spain will rise 4% to 736 euros, paid 14 times a year. This is 29 euros more per month than the current amount.
Spanish banks NPLs ratio fell to 8.22% in October, over one percentage point lower than a year earlier. Recently published figures from the Bank of Spain show that the pace of the decline in NPLs accelerated in October, registering an anual 12.52% drop (-11.64% in September).
In 2016, the electricity system registered a surplus of 421,45 million euros, according to the final figure for the year released by The National Commission on Markets and Competition (CNMC in Spanish).
Nick Ottens via Atlantic Sentinel | This is a guide to the Catalan electoral system, the parties, their leaders and possible coalitions.
All the sectors in the Spanish economy should contribute to improving competitiveness and efficiency, at the same time as cutting their debt. The Spanish banks are doing just that.
Spanish banks have returned 1.5 billion euros in cash to more than 350.000 people affected by the floor clause, with whom the lenders reached an agreement after they filed a claim. This is according to figures presented by the banks at September 30, via the Commission which was set up last April to monitor the issue.
The European Commission (EC) has started an investigation into the aid which Spain’s coal-powered electricity plans receive for the installation of filters which reduce the levels of contamination and so comply with legal targets. Since 2007, fourteen plants have received €440 million in subsidies for this concept and payments are expected to continue until 2020.
A recent report by Eurostat revealed that SMEs in Europe generate half of intra-European trade. These companies provide up to 249 jobs each and drive the economy.
The European Commission determined on Wednesday that the draft of Spain’s budget for 2018 sent by the Spanish government “complies in general terms” with the criteria established in the Stability and Growth Pact. Despite the fact the public deficit will exceed the target agreed on for next year.