Listed real estate investment companies (socimis) have fitted with sportsmanship the fiscal change that the Government has planned for them in the draft General State Budgets (PGE) that it approved on Tuesday in the Council of Ministers. The measure contemplates introducing a minimum taxation of 15% on the part of the undistributed profit and in […]
Tag: Economy
The coronavirus buries in Mallorca a century of artificial pearls and their secret formula
The artificial pearl business on the island of Mallorca has survived the Spanish flu, two world wars, the Civil War, but has not been able to overcome the coronavirus. Majorica, emblem of the island, and with about 300 workers, has entered into bankruptcy. The company has requested that a bankruptcy administrator take over the […]
The Government will allocate 2,230 million to commerce, tourism and SMEs, 150% more
Government will allocate 2,230 million euros in 2021 to Trade, Tourism and SME policies of euros. This allocation represents an increase of 150% with respect to the previous accounts, according to the draft of the General State Budgets for 2021 of the Executive. Of the total allocated in 2021 for these policies, 1,627 million belong […]
European funds shoot up to 2,253 million the Government’s budget for access to housing
The funds from the European Union will be a decisive injection for the policy of living place of the Government, which until now had a clear divergence between intentions and execution. Thanks to the European disbursement, the Executive’s budget allocation for access to housing and buildings reaches the 2,253 million euros, of which 1,651 million […]
The Treasury will raise gross emissions by 6% in 2021 to finance the impact of the coronavirus
The coronavirus will continue to take its toll on the state coffers and will force the Government to turn to the markets to attract financing against the pandemic. Will make it through Public Treasury, which plans to carry out a net debt issuance of 110,000 million euros, as reflected in the draft General State Budgets […]
Guuk incorporates Caja Rural de Navarra to its shareholders
Telephony operator Guuk has incorporated Caja Rural de Navarra into its shareholding. The financial institution enters the capital with 10%. More Mobile and Dominion, Guuk’s original partners headquartered in the Basque Country, retain 64% and 26% of the shareholding, respectively. With the incorporation of Caja Rural, Guuk “reinforces its roots and commitment to the Navarrese […]
ACS earns 477 million until September, 38% less, due to the impact of Abertis results
ACS earned 477 million euros in the first nine months of the year, representing a drop of 37.9% compared to the same period of the previous year, weighed down by the negative contribution of Abertis, whose traffic has been “strongly affected” by the containment measures introduced in most of the countries to stop the advance […]
Education, Equality, Defense … These are the Budgets for 2021 item by item
Today the draft law of the General State Budgets for the year 2021 has been presented, those that should promote the economic recovery after the pandemic. This document includes the announced tax increases such as personal income tax on incomes greater than 200,000 euros or the so-called green taxation, with which the Executive estimates that […]
The ECB delays the new stimuli until December and warns of a “greater than expected” European slowdown
The gesture of Christine Lagarde reflected by itself the concern of the European Central Bank (ECB) on the evolution of the economy in the Eurozone in full swing of coronavirus infections and containment measures in its member countries. The words of the French president confirmed that concern. “The recovery is losing momentum faster than expected” […]
Telefónica resists against the covid but its profit is reduced by half, weighed down by the business in Argentina
Telefónica manages to reduce the impact of the pandemic on its accounts in the third quarter of this year, although revenues or ebitda suffer an inevitable erosion when compared with the figures for the same period in the previous year. Meanwhile, other problems arise, specifically a deterioration of the business in Argentina with a negative […]
