BBVA Researh estimates that the Balearic economy will fall by 20% in 2020 due to the uncertainty and the effects of the health pandemic, but estimates that it will be the community that will grow the strongest in Spain next year, with 10.5% GDP growth in 2021, above the national average of 6%. The Eastern […]
Tag: business and finance – economics (general)
Brussels gives the go-ahead to the Budgets of Spain although it sees its fiscal stability at risk
Okay, but with caveats. The European Commission has supported this Wednesday the Spanish budget draft for 2021, sent a month ago, but expresses its concern for “long-term fiscal sustainability”, the high level of public debt and the fact that “the challenges for the real economy and the financial sector have increased”. All community partners, without […]
Almeida shoots 52% investment in Budgets to “reactivate” Madrid after the Covid crisis
“Reactivate the economy of the city” and “avoid a social gap of inequality”. These are the two premises that the mayor of Madrid, Josà © Luis MartÃnez-Almeida, has wielded this Monday in the presentation of the Budget project for the year 2021. Some accounts that the councilor has exposed as “investors” destined precisely to the […]
The Bank of Spain warns that the utility of ERTEs to sustain employment is running out
The Bank of Spain considers that the usefulness shown by the income protection schemes for companies and workers in dealing with the crisis unleashed in March begins to weaken as the economic depression caused by the coronavirus continues. To date, with two extensions, the ERTEs have come to host 3.4 million jobs at its highest […]
The former economic brain of Ciudadanos criticizes the Budgets: “They raise the salary to the most protected jobs”
The former economic brain of Ciudadanos charges against the Government Budget Project for 2021. Toni Roldan has prepared a report for Esade in which it does not give credibility to the forecasts, or to the income and criticizes that the expenses include raising salaries for officials, in line with the Bank of Spain: “The macroeconomic […]
The Generalitat is studying the partial reopening of the terraces of bars and restaurants
The Govern It is considering the possibility that bars and restaurants, currently closed throughout Catalonia, can use the terraces at 50% of their capacity between 1:00 p.m. and 4:00 p.m. The Business Department transferred this proposal to Health a week ago to plan the gradual reopening of commerce and the restoration in different phases, according […]
The province’s economy shows a greater setback than in the 2008 crisis
The Institute of Economic Studies of the Province of Alicante (Ineca) has presented this morning the new Socioeconomic Situation Report of the province of Alicante corresponding to the second quarter of 2020. Its vice president, Antonio Fernandez, explained that the damage suffered in the business and social fabric is evident. This decline in the province […]
Calviño takes over from Ponce in the Frob and appoints Paula Conthe as new president
The Government has launched the procedure for the election of a new president of the Fund for Orderly Bank Restructuring (FROB), position for which the Director of Resolution in the FROB has been proposed, Paula Conthe, who will replace Jaime Ponce. According to current regulations, the president of the FROB is appointed by the Council […]
José Carlos Díez surrounds himself with ‘former’ Ibex to create a venture capital fund in the midst of a pandemic
The Economist Jose Carlos DÃez It has surrounded itself with a group of former senior business executives, some with a presence in the large Ibex groups, to create an investment fund and venture capital in the midst of the coronavirus storm. The objective of the new financial vehicle, which will have the name of Lua […]
The SOS of commerce and hospitality in Granada, closed for at least two weeks due to the coronavirus
They say that there is no evil that lasts a hundred years, nor a body that resists it. In the quasi-confined streets of Granada, its hoteliers and merchantsThey do not even believe that they can do it for another month without a rescue to save them from the evil that has plagued them for the […]