Spain can withstand the energy 'shock' from Hormuz if it does not last too long

Spain can withstand the energy ‘shock’ from Hormuz if it does not last too long

The impact of the war in Iran on the energy system has put Europe in front of the mirror. Is it possible to maintain supply on the continent in the face of global-scale disruptions like those experienced in the Strait of Hormuz? The Annual Meeting of the Cercle d’Economia brought together this Tuesday two heavyweights of the sector in Spain, the president of Naturgy, Francisco Reynés, and that of Repsol, Antonio Brufau, to resolve this question and many others. And their answer to this first question is clear: Spain can withstand the “shock,” but only as long as the conflict does not last too long.

Read Full News
Strong job creation adds 232,000 new affiliates in May

Strong job creation adds 232,000 new affiliates in May

The approach of summer boosts the labor market. If in the Spanish economy May is always a good month for employment, this year’s has been even better than usual. An increase of 232,000 affiliates, which is the second-best May in the historical series and leads to a new record in the total number of contributors, who have already exceeded 22.3 million. And a significant fact: practically half of the increase in contributors in May comes from foreign workers, with 111,000 new affiliates. Among Spaniards, the employment growth rate is clearly lower.

Read Full News
Albares calls for launching a European defense to avoid having to depend on external sources

Albares calls for launching a European defense to avoid having to depend on external sources

“We are at a decisive moment. We must go further than autonomy, and instead move towards sovereignty.” This was expressed by the Minister of Foreign Affairs, José Manuel Albares, on the occasion of the first day of the Annual Meeting of the Cercle d’Economia. According to Albares, “Europeans must guarantee security in a broad sense, and for that a federal leap is needed. It is not ideas that we lack, but the will to put them into practice. We must remove the obstacles in the internal market, particularly the capital market, and ensure it finances innovation in Europe, so that it is not in the hands of foreign companies.”

Read Full News
Illa offers 3.3 billion in infrastructure investments with concession systems

Illa offers 3.3 billion in infrastructure investments with concession systems

President Salvador Illa has put on the table 3.3 billion euros in infrastructure investments at the start of the 41st edition of the Annual Meeting of the Cercle d’Economia, which began this afternoon in Barcelona. The investment will be through a public-private collaboration mechanism, the president explained at the inauguration of the traditional sessions that were previously held on the Costa Brava and now in Barcelona. Last February, the Government already said it would survey the market to see if there was interest in recovering concessions for road networks and metro stations.

Read Full News