Economía

The Andic family has shown strong support this Tuesday for the decision of the eldest son of the family, Jonathan Andic, to temporarily leave the vice presidency of the textile empire Mango to focus on defending himself against the homicide charge against him. The case investigates the death of the group’s founder, Isak Andic, in a fall during a walk with his son in Montserrat in December 2024.

The Council of Ministers approved this Tuesday the draft Organic Law for the proper use and governance of artificial intelligence (AI), which adapts Spanish legislation to the European Artificial Intelligence Regulation (AI Act), in force since August 2024, and which regulates the rules that AI tools must comply with in Spain and contemplates fines that can reach up to 35 million euros or 7% of the annual turnover of the sanctioned party.

The Council of Ministers has approved a royal decree that reforms access to flexible retirement with three significant changes that will be applied within three months. This type of retirement allows for combining the pension with a certain degree of work activity, and it is one of the incentives used by the Ministry of Inclusion and Social Security to extend the working life of employees. Incentives that are now increased.

The average pension of retirees under the general scheme amounts to 1,731.70 euros in May, according to data published this Tuesday by the Ministry of Inclusion, Social Security, and Migrations. Since the beginning of the year, with the adjustment for inflation, the figure has remained above the threshold of 1,700 euros. The figure is much higher than that of workers from the self-employed scheme, who have an average of 1,060 euros per month.

“Europe needs to change.” This is the premise of the opinion piece published this Tuesday by the Cercle d’Economia, which will mark the central theme of its upcoming Annual Meeting, organized next week. This year’s sessions will analyze the strategic autonomy of the European Union (EU) in the face of geopolitical and technological changes that threaten its welfare model. The text highlights that the community space must overcome its internal fragmentation, truly building the European single market, especially in key sectors such as telecommunications, energy, or finance.

Jonathan Andic, son of the founder of Mango, announced this Tuesday that he is temporarily stepping down from the company’s vice presidency to focus on defending himself against the homicide charge against him, sources close to him have confirmed. The heir of Isak Andic will nevertheless retain his responsibilities in the “family, business, and social projects” he holds. In addition to the non-executive vice presidency of Mango, Jonathan Andic chairs the family holding company, Punta Na Holgind, under which hangs the company through which he controls 95% of Mango along with his two sisters, Judith and Sarah. He is also chairman and secretary of Punta Na SAU, which consolidates the real estate businesses.

The Ministry of Social Rights, Consumer Affairs and the 2030 Agenda has opened sanctioning proceedings against Polymarket and Kalshi, two prediction platforms where bets are placed, for a possible violation of gaming regulations. They would be operating in Spain without the mandatory administrative authorization.

Almost all autonomous communities under the common regime are halting the tax cuts they approved in previous years. The years are coming to an end when the prevailing trend was to approve reductions in transferred taxes, such as in the IRPF, inheritance and donations, or wealth tax. The current trend is quite the opposite, warns the Independent Authority for Fiscal Responsibility (Airef) in its latest report. The only exception is Madrid, which continues to increase its tax reductions.

The shock of energy prices due to the Iranian conflict is beginning to claim its first victims. A report from Caixabank Research warns that the manufacturing industry risks weakening its growth, even sinking into stagnation. The intensity of energy consumption as well as dependence on foreign trade cause this sector to be the most sensitive to the international situation.

Jonathan Andic’s defense will file the appeal against the detention order for an alleged homicide crime, which Magistrate Raquel Nieto signed exactly one week ago for the death of Isak Andic, before Thursday. Lawyer Cristóbal Martell started working on the document today and has until Thursday to submit it to court number 5 of Martorell, but addressed to the Barcelona Court, responsible for resolving it.