Tag #Spain Economy

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elmundo.es

🌐 65% Global Worthiness

Dec 20, 13:12

Spain Unveils New Rental Index to Curb Excessive Rent Increases

Spain's National Statistics Institute (INE) and Ministry of Housing launched a new rental index on December 31st, 2023, to limit annual rent increases based on a formula considering CPI, core inflation, and long-term growth expectations, as mandated by the Housing Law to protect tenants from excessi...

Spain Unveils New Rental Index to Curb Excessive Rent Increases

Spain's National Statistics Institute (INE) and Ministry of Housing launched a new rental index on December 31st, 2023, to limit annual rent increases based on a formula considering CPI, core inflation, and long-term growth expectations, as mandated by the Housing Law to protect tenants from excessi...

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What is the purpose and implementation of Spain's new rental index, and what immediate impact will it have on renters and landlords?

Spain's National Statistics Institute (INE) and the Ministry of Housing have released a new index to regulate rent increases starting January 1st, 2024, as mandated by the Housing Law. This index will serve as a limit to prevent excessive rent hikes, ensuring increases do not surpass a calculated rate based on inflation and other economic factors.

elmundo.es

🌐 75% Global Worthiness

Dec 13, 13:13

Spain to Partially Forgive Regional Debt, Reform Financing System

Spanish Prime Minister Pedro Sánchez announced a partial debt forgiveness for autonomous communities and a comprehensive reform of the financing system, including addressing population criteria, fiscal spaces, and regional disparities, at a meeting in Santander with regional leaders.

Spain to Partially Forgive Regional Debt, Reform Financing System

Spanish Prime Minister Pedro Sánchez announced a partial debt forgiveness for autonomous communities and a comprehensive reform of the financing system, including addressing population criteria, fiscal spaces, and regional disparities, at a meeting in Santander with regional leaders.

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What immediate impacts will the partial debt forgiveness for autonomous communities have on Spain's fiscal system and regional politics?

"The Spanish government will partially forgive the debt of autonomous communities, a key demand from Catalan independentists, as announced by Prime Minister Pedro Sánchez at a meeting with regional leaders. This decision is part of an upcoming reform of the financing system, aiming to address issues of sufficiency and regional disparities."

cincodias.elpais.com

🌐 85% Global Worthiness

Dec 2, 10:36

Madrid: New Hub for Latin American Wealth

Wealthy Latin Americans are increasingly investing in and relocating to Madrid, attracted by education, real estate, and business opportunities, boosting the city's financial sector and strengthening Spain-Latin America ties.

Madrid: New Hub for Latin American Wealth

Wealthy Latin Americans are increasingly investing in and relocating to Madrid, attracted by education, real estate, and business opportunities, boosting the city's financial sector and strengthening Spain-Latin America ties.

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How are financial institutions responding to this trend, and what is the impact on the Spanish economy?

This trend reflects broader shifts in global wealth distribution and investment strategies. Latin American investors are diversifying their portfolios beyond traditional locations like Miami, attracted by Madrid's relative affordability, strong cultural links, and educational offerings. This influx is also fostering stronger economic and social connections between Spain and Latin America.

elpais.com

🌐 75% Global Worthiness

Dec 14, 00:36

Spanish PP Unexpectedly Agrees to Valencian Debt Relief

Following a government proposal for debt relief, the Spanish Popular Party initially rejected bilateral write-offs but unexpectedly agreed to a debt relief only for the Valencian Community after a proposal by the President of Madrid, creating divisions within the party.

Spanish PP Unexpectedly Agrees to Valencian Debt Relief

Following a government proposal for debt relief, the Spanish Popular Party initially rejected bilateral write-offs but unexpectedly agreed to a debt relief only for the Valencian Community after a proposal by the President of Madrid, creating divisions within the party.

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What immediate impact did the unexpected proposal for debt relief only for Valencia have on the political landscape and the positions of the different parties involved?

The Spanish government proposed debt relief for all autonomous communities, but the opposition Popular Party (PP) initially opposed bilateral write-offs. However, Madrid's president unexpectedly proposed only relieving Valencia's debt, a move other PP presidents accepted, despite their stated preference for a comprehensive funding reform.

elpais.com

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Dec 5, 01:11

Spanish Labor Reform Cuts Temporary Contracts Significantly

Spain's 2021 labor reform drastically reduced temporary contracts from 80% to 35% for first-time employees, with a corresponding increase in permanent positions, while overall temporary contracts fell from approximately 25% to 16%, according to Fedea and BBVA Research.

Spanish Labor Reform Cuts Temporary Contracts Significantly

Spain's 2021 labor reform drastically reduced temporary contracts from 80% to 35% for first-time employees, with a corresponding increase in permanent positions, while overall temporary contracts fell from approximately 25% to 16%, according to Fedea and BBVA Research.

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What sectors are primary entry points into the Spanish labor market, and how has this evolved after the labor reform?

The reform dramatically altered the initial employment experience. Before the reform (2019), 78% of first jobs were temporary; in 2023, this fell to 35%, with increases in permanent contracts (fixed-term and ordinary). This indicates a move towards more stable initial employment.

Showing 49 to 53 of 53 results