Tag #Economic Impact

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elmundo.es

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Nov 5, 13:30

Valencia Storm Damage: Demands for Tailored Aid Package

The devastating DANA storm in Valencia caused significant damage, prompting demands for a tailored aid package that differs from the COVID-19 response, as the storm's destruction necessitates a large-scale rebuilding effort.

Valencia Storm Damage: Demands for Tailored Aid Package

The devastating DANA storm in Valencia caused significant damage, prompting demands for a tailored aid package that differs from the COVID-19 response, as the storm's destruction necessitates a large-scale rebuilding effort.

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What further measures are business owners requesting from the government?

Business owners requested additional financial benefits, tax breaks, and streamlined administrative processes to aid recovery, with the tax agency already announcing a deferral of income tax payments.

faz.net

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Nov 5, 19:07

Spain Floods: Death Toll Rises Amidst Billions in Aid

Devastating floods in Spain have caused widespread death and destruction, prompting billions of euros in aid pledges but also criticism of the government's response.

Spain Floods: Death Toll Rises Amidst Billions in Aid

Devastating floods in Spain have caused widespread death and destruction, prompting billions of euros in aid pledges but also criticism of the government's response.

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What is the estimated economic impact of the floods?

The extent of the damage is still unclear, but the Valencia Chamber of Commerce estimates that nearly one-third of the region's population has been affected. The floods have caused widespread damage to infrastructure, businesses, and private property.

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