The businessmen ask the Government to rethink its State of Alarm so as not to generate damage to the economy. Well in the terms that it establishes, well in the current schemes of aid to workers and companies, the framework should be modified, they believe. In any case, they warn, confidence in a recovery to […]
Tag: business and finance – economics (general)
Tax freeze in Catalan municipalities due to the coronavirus crisis
The health emergency situation due to the coronavirus has forced Catalan municipalities to take drastic measures. In general, the local administration bets on Catalua for freezing rates and taxes in 2021. The Barcelona’s town hall It plans to freeze all municipal taxes next year with the exception of the terrace tax, which will maintain the […]
The Valencian Community will be one of the fastest growing in 2021 but without recovering pre-Covid levels
The summary of the economic horizon that is looming could well be the following: the regions that in this year of the pandemic have managed to withstand the storm somewhat better will see a weaker recovery in 2021. It is one of the conclusions of the BBVA Research Regional Observatory for the fourth quarter, which […]
The hoteliers of Valencia calculate that the curfew will cost them one million euros a day
The imminent curfew from 0 to 6 hours announced yesterday by the president of the Generalitat, Ximo Puig, to stop the advance of the coronavirus in the Valencian Community has not been well received by some associations in the hospitality sector. Despite the fact that the social agents (the unions and the employers) gave […]
The bill of the coronavirus crisis: the debt increases 450 million a day
Public debt continues to rebound at a dizzying rate as a direct consequence of the coronavirus crisis and the measures that the Government has deployed to cope with the economic recession. So much so that the set of liabilities of the Public Administrations closed August at 1.29 trillion and has already rebounded to more […]
The increase in VAT will mean a drop in turnover of up to 370 million and the loss of up to 6,165 jobs
The increase in VAT from 10 to 21% to sugary and sweetened beverages planned by the Government will result in a direct drop in turnover of between 119 and 370 million euros per year, as a result of the decline in consumption and between 1,980 and 6,165 jobs will be lost throughout the agri-food chain. The impact […]
Hernández de Cos calls for an “ambitious agenda” of reforms in the face of structural damage to the crisis
The governor of the Bank of Spain, Pablo Hernández de Cos, warned on Tuesday about the consequences that the regrowns could have on the economy and has encouraged structural reforms to reduce the impact on businesses and households. “It is also clear that the degree of persistence of this disturbance, which in principle should be […]
Moreno: “Andalusia generates trust above what the rest of the country does”
“Andalusia generates trust above what the rest of the country does”. The President of the Board on Tuesday made an exercise of faith in the community’s capacities to recover from the “cataclysm” of the pandemic against all forecasts and despite the fact that the dangerous evolution of the disease in recent weeks has forced […]
Barcelona freezes taxes and will stop entering 60 million euros
The health emergency situation due to the coronavirus has forced the Barcelona City Council to take extreme measures. Looking ahead to next year, they will freeze all municipal taxes, except the terrace tax, which maintains the 75% reduction, although the Consistory estimates that the decision represents between 60 and 70 million less than the […]
The banks anticipate negative rates until 2031 and ask the Government to be cautious when withdrawing stimuli to avoid a “cliff effect”
The quicksand in which Spanish banking moves can be longer than the managers of the sector planned. To the consequences of the current economic crisis, such as low credit demand and the expected increase in delinquency, is a negative interest rate scenario that could be extended until 2031. Financial markets expect the Euribor to remain […]