The Barcelo hotel chain, the second in Spain in number of rooms and one of the largest in the world, closed the year 2020 with a loss of 137 million euros, as a consequence of the 60% drop in billing (946 million) due to the pandemic, according to the data provided this Tuesday. In a […]
Tag: economy / companies
Abengoa does not get support to extend the refinancing firm and will hold a council “immediately”
Abengoa has not succeeded in getting financial creditors to grant the requested consents in order to once again extend the deadline for the closing and execution of the restructuring agreement, according to the firm’s communication to the National Securities Market Commission. The company has been in pre-bankruptcy since mid-August and now the board of directors […]
Hospitality billing fell 50% due to the pandemic
The hospitality billing fell 50% last year due to the pandemic. That is, it was cut in half, with a marked collapse in highly touristy regions, such as the Balearic and Canary Islands. This is reflected in the INE data on the services sector published this Monday. According to these figures, in the whole of […]
Maroto announces that in September he will be able to resume the Imserso trips
The Imserso travel program for the elderly, which has been suspended since March 2020, when the pandemic broke out, I could return with the last blows of summer, in the month of September, According to the Minister of Industry, Commerce and Tourism, Reyes Maroto, this Monday. According to Maroto during a press conference in Castellón, […]
One in three companies no longer expects to recover their pre-crisis level of income until at least 2023
The bad economic start to the year has raised the pessimism of Spanish companies about the potential recovery of their billing levels prior to the outbreak of the pandemic. More and more companies do not foresee to recover their sales until next year or even from 2023, according to a survey carried out by KPMG […]
The Government confirms that Fitur will be held at the end of May and announces that it will be the “rebirth of tourism”
The Minister of Industry, Tourism and Trade, Reyes Maroto, has assured this Friday that Features will be held at the end of May and will mark the “rebirth of tourism”, while also confirming the celebration of the Mobile World Congress. “The institutions, Ifema, Fitur, the Community of Madrid, the city council, the UNWTO and the […]
‘I live by the hair’, ‘It supplies that it is not little’ or ‘it all started in China’: this is how the companies that were born in the year of the pandemic are
2020 will be forever marked in the collective memory of all Spaniards for being the year of the pandemic. And, for some citizens of Lugo, for being the year in which it was created ‘Crazy Screw Hardware Store’, one of the names included in the list of Infoempresa.com with some of the mercantile companies born […]
Garamendi explodes: he says that it is “fascism” to encourage people to destroy the street and demands solidarity with the affected businesses
The president of the Spanish Confederation of Business Organizations (CEOE), Antonio Garamendi, has stated that it is “fascism” to encourage people to go out on the streets and destroy them, according to what he pointed out in an interview on Antena 3 after being asked about the altercations in different Spanish cities in protest against […]
Repsol loses 3,289 million in 2020 due to the historical impact of Covid-19
Repsol recorded a net loss of 3,289 million euros in 2020 after suffering from the global crisis of the Covid-19 impacts of almost 3,900 million euros in the valuation of its inventories and by the adjustment of the value of assets of ‘Upstream’ (Exploration and Production), informed the company. In 2019, the group already recorded […]
Orange, open to mergers and opposed to assuming the cost of football rights: “It is very high”
Orange Spain has made its attitude to any merger perfectly clear: “We have to maintain profitability and any market consolidation would be positive for our players. We support any consolidation operation with or without us. We are very open to any possibility that may arise. present “, said Jean François Fallacher, CEO of Orange Espaà […]
