The central government left Spanish industry planted on Wednesday in a debate that was presented as a good opportunity to hear their demands regarding the National Fund for Sustainability of the Electric System, FNSSE. It is a preliminary draft of the law -whose period of allegations concluded recently- that, in order to reduce the electricity […]
Tag: Economy
Bankia earns 57.6% less after providing 505 million for Covid-19
Bankia obtained a net profit of 230 million euros last year, which represents a 57.6% year-on-year fall after having made 505 million in extraordinary provisions to face the situation created by the pandemic of the Covid-19. Despite the burden of extraordinary provisions, its ‘core’ result increased by 3.8% (net interest and commissions margin, less operating […]
Apple and Facebook Increased Profits Explosively in Times of Pandemic
Apple and Facebook have reported shocking increases in their earnings and revenue in the fourth quarter of 2020, the latest sign that tech companies were a lifeline for pandemic-hit consumers around the world. The quarterly results of the two giants of Silicon Valley They underscored how consumers relied on social media, digital services and electronic […]
The president of the hotel association: “In a restaurant I feel safe and in a supermarket, no”
When a few days ago the president of the Generalitat, Ximo Puig, announced the total closure of the hotel, Ãlvaro Amores made a face. And like him, all the hoteliers in the province who once again saw the future of their business threatened. The prohibition to open, at least, until next February 3 put back […]
Consum pays a new ‘covid premium’ to its employees for the pandemic and increases their salary by 1%
The supermarket cooperative Consum has decided to reward with a new ‘Covid premium’ of 300 euros on average per person to its workers in stores and logistics platforms in order to compensate the dedication and effort made throughout 2020 due to the pandemic. This premium, company sources have reported, represents an amount of more than […]
Cigarette sales drop 8% to the lowest figure in 30 years
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 […]
The Supreme Court closes the distribution of expenses in abusive mortgage clauses: the appraisal also corresponds to the bank
The Supreme Court has finished clarifying what expenses users can claim from financial institutions after declaring null the clause that imposed all payments related to a mortgage. The Plenary of the Civil Chamber has agreed that the appraisal expenses correspond to the bank, contrary to what was included in the mortgage contracts for decades. The […]
The Constitutional Court annuls the Government’s housing decree law
The Constitutional Court has annulled the decree law of urgent measures to improve access to housing promoted in 2019 by the Government, which forced large holders to offer social rent to vulnerable people who illegally occupy a home. Legal sources have informed Efe that in plenary session the court of guarantees has declared for unanimity […]
A doped job market
The Minister of Social Security, Josà © Luis Escrivá, said a few days ago in an interview with the newspaper ‘Financial Times’ that the unemployment forecasts of the OECD and the Bank of Spain that placed unemployment in Spain by over 20% at the end of 2020 “had completely failed”. And technically he is right, […]
The Supreme Court endorses ERTE by Covid in companies that work with public administrations
The Plenary of the Fourth Chamber of the Supreme Court has established that the collective suspension of contracts (FOR HIM) due to force majeure, derived from the state of Covid-19 health alarm, is compatible with the concessionaire’s right to request the economic restoration of the contract. The judgment, a presentation by Judge Rosa MarÃa Virolà […]
