spanish government
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Spanish economy: More money for regions, defense, science: the Spanish government details its expansive budget plan | Economy and business
[ad_1] Details of the draft budget that the center-left government of Pedro Sánchez presented to the Spanish parliament on Wednesday show a record public spending program for 2022 thanks in large part to an influx of European funds to mitigate the effects of the coronavirus pandemic. The leader of the Socialist Party (PSOE), who heads …
Spain’s Prime Minister Sánchez reshapes his cabinet to focus on the economy
MADRID (AP) — Spain’s prime minister reshuffled his cabinet on Saturday, forming what he called “the recovery government” following the coronavirus pandemic. Prime Minister Pedro Sánchez has led a minority coalition government formed by his Socialist Party and the anti-austerity United We Can party since January 2020. He has managed to keep it afloat during …
The Spanish economy grew 2.6% in the third quarter of the year
[ad_1] Madrid, 23 Dec. (EFE) .- The Spanish economy grew by 2.6% in the third quarter of the year, with an increase of 1.4 points compared to the previous quarter, reported on Thursday the National Institute of statistics of Spain. This increase is six tenths higher than the preliminary growth data for the country’s gross …
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Catalonia: Hundreds of workers protest against Nissan closure in Barcelona | Economy and business
[ad_1] Hundreds of Nissan workers blocked roads and burned tires on Thursday to protest the Japanese automaker’s decision to close its Barcelona plant in December. EDITORIAL The move, which had been widely anticipated but was officially announced Thursday at 10 am, means 3,000 direct jobs will be lost. In total, around 20,000 workers are expected …
Spain: energy costs, steel giant cuts production – economy
[ad_1] MADRID – A large Spanish steel company based in the Basque Country, Sidenor, will partially halt production due to electricity costs considered unsustainable, according to a press release from the company. Sidenor has decided to cut 20 days of production planned by the end of the year, a reduction of 30%. “Sidenor pays 227 …
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The problem of green energy in Spain: too many proposals, too little time | Economy and business
Spain receives too many requests to build wind farms and solar parks. This flood of proposals creates a backlog that slows down the approval process for new green energy projects. To solve the problem, the Spanish government – led by a left-wing coalition of the Socialist Party (PSOE) and its junior partner Unidas Podemos – …
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Improving employment figures in Spain set new records in October | Economy and business
[ad_1] The continuous improvement of the Spanish labor market gives cause for optimism. For another month – the eighth in a row – vital signs of employment show a recovery that is progressing at a steady pace. So much so that new milestones continue to arrive. In October, for example, there were 159,478 more people …
How the Catalan economy benefited under Franco – and what that means for the current stalemate
[ad_1] Spain’s central government has temporarily Catalan autonomy suspended using article 155. This unprecedented and controversial measure allows the Spanish government to take over the management of the region and to call regional elections to the Catalan parliament. The result of such elections can probably be a balance of power between separatist and anti-separatist forces …
Tourism in Barcelona – more than six months in the shadows | Business | Economic and financial news from a German point of view | DW
[ad_1] Tourism in Barcelona has taken a hit in recent times, even though more than six months have passed since a brutal terrorist attack rocked this bustling Catalan city. The Las Ramblas neighborhood – one of the city’s favorite tourist destinations where people walk the wide pedestrian path in the center of the street – …
Imagine an independent Catalan economy | Business | Economic and financial news from a German point of view | DW
[ad_1] The idea of ​​an independent Catalonia has been discussed for almost a century, but the events of the last fifteen weeks have dramatically placed the question at the heart of the European political and economic debate. Tuesday’s news that Catalan President Carles Puigdemont has suspended the Autonomous Community’s declaration of independence for now, pending …
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Spanish economy: Brussels raises growth forecasts for Spain but warns of wave of bankruptcies | Economy and business
[ad_1] After experiencing the strongest economic contraction in the European Union, Spain is set to make its biggest comeback. The European Commission on Thursday released its Winter forecast 2021, bringing Spain’s gross domestic product (GDP) growth outlook for this year to 5.6%, three tenths of a point higher than expected. Because the recession in 2020 …
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Budget deficit: IMF lowers Spain’s growth forecast for 2021 to 5.7% | Economy and business
[ad_1] In its new World Economic Outlook for October 2021, the International Monetary Fund (IMF) partly coincides with the Spanish government’s own macroeconomic forecasts for this year and the next, but disagrees with its projections for long-term deficit. The international organization has slashed Spain’s growth outlook for 2021 to 5.7%, five tenths of a point …
How the Catalan economy benefited under Franco and what it means now
[ad_1] Spain’s central government has temporarily Catalan autonomy suspended using article 155. This unprecedented and controversial measure allows the Spanish government to take over the management of the region and to call regional elections to the Catalan parliament. The result of such elections can probably be a balance of power between separatist and anti-separatist forces …
Spanish Prime Minister Sánchez reshapes his cabinet to focus on the economy
[ad_1] MADRID (AP) – Spain’s prime minister reshuffled his cabinet on Saturday, forming what he called “the government of recovery” in the wake of the coronavirus pandemic. Prime Minister Pedro Sánchez has led a minority coalition government formed by his Socialist Party and the anti-austerity United We Can party since January 2020. He managed to …
Brussels cuts growth forecasts as Spain’s economy lags its neighbors
[ad_1] MADRID – The European Commission has lowered its Spanish growth forecast this year, as the country’s recovery from the COVID-19 pandemic lags behind other European countries. The commission said on Thursday that it estimated the increase in Spain’s gross domestic product would be 4.6% this year and 5.5% next year, almost two points lower …
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Coronavirus crisis: Spain’s economy is expected to rebound to pre-pandemic levels in 2022 | Economy and business
[ad_1] The Minister of Finance MarÃa Jesús Montero.Europe Press The Spanish government on Tuesday confirmed its forecast for economic growth for this and next year, based on the pace of the recovery after most coronavirus-related mobility restrictions ended and the good pace of the vaccination campaign against the virus. Covid-19. The Cabinet said gross domestic …
Markets price new risk as Catalan stalemate looms | Business | Economic and financial news from a German perspective | DW
After the Catalan government declared that 90% of the population had voted in favor of independence in the October 1 referendum and national authorities refused to accept its legality after a sometimes brutal crackdown, the markets opened up Monday to what they hate the most: uncertainty. “Unlike the UK, Spain’s 1978 constitution clearly prevents a …
The shortage of large companies in Spain means that the productivity of the Spanish economy remains relatively low
Oriol Aspachs (Search Caixabank) | It would be very beneficial for the whole population if there were more big companies. For years, even decades, many economists have been trying to convince business leaders and economic policy makers that action needs to be taken to stimulate business growth. They have the overwhelming support of empirical evidence, …
UPDATE 1-The Spanish economy grows faster than expected in the second quarter
[ad_1] By Joanna Jonczyk-Gwizdala, Inti Landauro (add details) MADRID, July 30 (Reuters) – Spain’s economy rebounded faster than expected in the second quarter after unexpectedly contracting in the first three months of the year, when growing contagion from COVID-19 imposed new restrictions on businesses. Spain’s gross domestic product rose 2.8% in April-June from the previous …
The Catalan crisis adds new problems to the Spanish economy
[ad_1] The escalating political crisis in Catalonia has prompted Spain to downgrade its growth forecast for 2018, according to the government, a sign that tensions are hurting economic sentiment. In a letter submitted Tuesday morning by the center-right Spanish government to European authorities, he said the economy would grow by 2.3% next year instead of …
Spanish Prime Minister Sánchez reshapes his cabinet to focus on the economy | world news
MADRID (AP) — Spain’s prime minister reshuffled his cabinet on Saturday, forming what he called “the recovery government” following the coronavirus pandemic. Prime Minister Pedro Sánchez has led a minority coalition government formed by his Socialist Party and the anti-austerity United We Can party since January 2020. He has managed to keep it afloat during …
Spanish Prime Minister Sánchez reshapes his cabinet to focus on the economy | KWKT
[ad_1] Posted: July 10, 2021 / 8:58 AM CDT / Update: July 10, 2021 / 9:52 AM CDT FILE – In this file photo from June 22, 2021, Spain’s Prime Minister Pedro Sanchez prepares to deliver a statement at the Moncloa Palace in Madrid, Spain. Prime Minister Pedro Sanchez has reshuffled his cabinet to form …
Spain had a plan to fix the odd-job economy. it did not work
[ad_1] Under Spain’s new employment rules, courier Daniel Freitas should now be on staff at two of the country’s largest take-out companies. Yet he still roams popular restaurants with one goal in mind – to earn $ 50 a day working for food delivery apps Deliveroo and Glovo. He says he won’t be able to …
Smart Cities World – Economy and finance
Mastercard is setting up a new tourism innovation center in Madrid with the support of the Spanish government. The hub will develop solutions to support a sustainable and inclusive recovery of the global tourism sector through innovation, research and collaboration. In 2019, travel and tourism accounted for 10.4% of global GDP, but nearly halved to …
As Spain’s economy recovers, coronavirus threatens new crisis
[ad_1] After years of recession following the financial crisis, the Spanish economy was growing, so what do the latest crises mean for Spain? After Italy, Spain was the most affected country in Europe, the two countries being shocked by the coronavirus epidemic and the human toll it entails. The two countries have implemented increasingly drastic …
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Electricity: Spain announces new measures to lower soaring energy bills | Economy and business
[ad_1] Electricity meters inside a building in Seville.PACO PUENTES (EL PAS) Spanish Prime Minister Pedro Sánchez on Monday evening announced a series of measures aimed at lowering soaring costs of natural gas and electricity for consumers. Spain’s wholesale electricity market, which sets the amount paid by companies that supply electricity to households, has seen record …
People are pressuring governments around the world to take action against inflation – Economics – Business
[ad_1] Oscar Banos and thousands of other truck drivers celebrated on Saturday after a threat to idle their engines prompted the Spanish government to adopt measures to improve working conditions and control soaring fuel costs due to inflation. This is the latest effort by workers, opposition leaders and citizens to pressure governments in Europe and …
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Consumer Price Index: how rising inflation affects Spain | Economy and business
[ad_1] A supermarket in Catalonia. Prices in Spain rose 5.5% in November, according to data released on Wednesday by the National Institute of Statistics (INE). Although this is a tenth less than expected, the big picture remains the same: Inflation is at its highest level in 29 years, and it is rising faster than wages …
Back to work: Spain eases confinement to revive the economy
Spain has announced that lockdown measures are to be relaxed, allowing some non-essential workers to return to work. /Javier Soriano/AFP Spain has announced that lockdown measures are to be relaxed, allowing some non-essential workers to return to work. /Javier Soriano/AFP Spain, one of the countries hardest hit by the global COVID-19 pandemic, began on Monday …
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Spanish truck drivers announce three-day strike before Christmas | Economy and business
[ad_1] Spain’s National Road Transport Committee (CNTC) on Wednesday announced a three-day strike, from December 20 to 22, to protest what it calls the government’s failure to address a crisis in the sector. In a press release issued Wednesday evening, the CNTC – which represents freight truck drivers in Spain – accused the administration of …
German companies worried about the future of Catalonia | Business | Economic and financial news from a German perspective | DW
As the world waits to see whether Spain’s autonomous region of Catalonia will declare independence from Madrid early next week, German business leaders warned on Friday that the move could leave their investments in legal and economic limbo. Catalonia’s leaders have vowed to defy a ruling by Spain’s Constitutional Court banning the planned meeting of …
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Tourism in Spain: the Covid-19 crisis devastates the Spanish tourism industry | Economy and business
[ad_1] The Spanish tourism industry continues to feel the impact of the coronavirus crisis. According to figures released Monday by the National Institute of Statistics (INE), only 204,926 international visitors arrived in Spain in June, a drop of 97.7% compared to the same month in 2019. This culminates the worst semester never recorded for the …
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Coronavirus: Spanish tourism sector fears wave of cancellations from foreign visitors | Economy and business
[ad_1] Tourists arriving at the port of Barcelona on June 26.Albert Garcia Spain’s tourism sector is anxiously watching the surge in coronavirus cases across the country, raising fears of massive summer cancellations among foreign visitors. The Financial Time Wednesday published an article titled “Delta variant pushes Covid-19 rate in Spain to highest in continental Europe,” …
Spain: better economy, worse policy
[ad_1] Joan Tapia (Barcelona) | The crisis caused by the coronavirus, which has been going on for over a year now, is far from over. But perhaps the worst is that latent pessimism – unwarranted but real – too often obscures data and realities that lean towards cautious and reasoned optimism. If we add to …
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Wind power becomes Spain’s main energy source for 2021 | Economy and business
[ad_1] Even if the wind stops blowing in the next three weeks, wind power will end the year as the main source of electricity in Spain. This will mean that wind will overtake nuclear in the national energy matrix for the first time since 2013, the only year since the start of the records in …
European economy exceeds expectations as risks diminish – EURACTIV.com
The European economy is enjoying a period of positive momentum as growth spreads across all member states, public accounts are expected to look healthier and risks are balanced for the first time in a long time, the European Commission concluded on Thursday 9 November. “These are the highest growth rates in ten years,” said exultant …
Spain loses 20% of its economy if Catalonia splits
Would going it alone work for Catalonia? The Spanish region staged a controversial independence referendum on Sunday with major economic implications for the country – and Europe. Spain’s central government fiercely opposed the referendum and riot police raided polling stations. Regional officials said the vast majority of ballots were in favor of independence, but turnout …
Critics fear historic stimulus aid will hit ‘real economy’
Spain’s King Felipe VI (saluting), Queen Letizia (2nd from right) and their daughters Spain’s Crown Princess Leonor and Princess Sofia attend the Spanish National Day ceremony at the Royal Palace in Madrid. It comes after the Spanish government declared a state of emergency in Madrid in an attempt to halt the spread of coronavirus in …
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Spanish economy: the Spanish government plans to raise taxes by 6 billion euros in 2021 | Economy and business
[ad_1] After the devastating effects the coronavirus crisis has had on the Spanish economy, the government predicts that the light will soon be at the end of the tunnel. According to a budget plan sent to Brussels on Thursday, public revenues will increase by 33.4 billion euros in 2021 thanks to a sharp rebound in …
The Spanish paradox: why jobs are booming while the economy is lagging
Juan Manuel Canals and Basma Eddaheri, both in their twenties, are part of why Spain has denied predictions of massive job losses in the wake of Covid. During the pandemic, Canals started working as a computer engineer; Eddaheri has been running a Covid hotline for a month. Their early work experiences reflect broader changes in …