Sales of tobacco products fell by 7% in 2020, which represents 800 million euros less turnover, according to data from the Tobacco Board. 77% of the sale price to the public of these products is tax burden, taxes. Due, tax collection has fallen by 627 million euros, according to the data provided this Thursday. In […]
Tag: Baleares
The black year of tourism: its weight on GDP falls from 12.4% to 4.3% and they see the recovery already towards summer
The tourism sector confirms its worst forecasts for the year that has just closed, with a loss in billing of more than 106,000 million euros (a drop of almost 70% compared to 2019) and already It is no longer the engine of the economy, as the weight of the sector over GDP has fallen from […]
The weight of trade and the low technological intensity of the industry limit the response of the economy to Covid
He strong weight of trade and low technological intensity of the industry of the Valencian Community limit the response of the region’s economy to Covid-19, according to the latest report of the Observatory on Government, Strategy and Competitiveness of Companies (GECE), promoted by Bankia and the Valencian Institute of Economic Research (Ivie), in which the […]
The restaurant asks that all sectors close at six in the afternoon “so that there is no discrimination”
Restauración-CAEB has today denounced the “discrimination” that it feels its sector is subjected to and, in order to avoid comparative grievances with other sectors, has called for a general cessation of all activity from six o’clock, as is the case with restoration. On the day that the new Government regulations come into force that forces […]
Exceltur figures the hit of tourism in the Valencian Community in 2020: 11,000 million less than in 2019
That the effects of the pandemic had hit tourism more intensely was a well-known reality in the sector, paralyzed for most of the year by mobility restrictions imposed on practically the entire world. But Exceltur, the association that integrates the 34 most relevant companies in the sector, has finally put the numbers of the bump […]
The Balearic Islands were the most expensive national destination in summer and the fourth least visited by Spanish travelers
The reopening of the borders in summer had very moderate effects in the Balearic Islands compared to the rest of the autonomous communities. The archipelago came out the third quarter of the year being the fourth community by the tail in the percentage of visits by national residents, and that despite the fact that this […]
The Balearic Islands, the Canary Islands, Madrid and Catalonia, the autonomous regions most affected by the crisis, with GDP falls of over 13%
The Savings Banks Foundation (Funcas) foresees that the island regions of Balearic and Canary Islands, the Community of Madrid and Catalonia be the autonomies with biggest drop in GDP in 2020, thus becoming the most affected by the economic crisis derived from the coronavirus pandemic. Specifically, it is estimated that Baleares is the community most […]
The Barceló Formentor will be a Four Seasons for 165 million euros, the largest hotel sale of the year
The Barcelo Group has just sold the historic Formentor hotel, on the island of Mallorca, to the Andorran fund Emin Capital for 165 million euros, in what is the biggest sale of the year for a hotel in Spain. The group co-chaired by Simón Pedro Barceló has not taken long to unlink the operation from […]
The collapse of tourism causes a 40% drop in cigarette sales linked to the sector
The collapse of tourism derived from the pandemic has caused a drop in cigarette sales related to the sector of 40%. That is in areas closely linked to tourist activity and which this summer have suffered a drop in visitor arrivals Foreign sales have been cut almost in half. This was stated today by Agueda […]
The Balearic economy contracted by 30.1% in the third quarter
The Balearic Islands’ economy contracted by 30.1% in the third quarter, according to the ‘Economic Evolution’ report by the Confederation of Business Associations of the Balearic Islands (CAEB). The CAEB study, which was published this Thursday, confirms that the transition of the Balearic economy towards the ‘new normal’ “is being slower than expected, given the […]
