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How much people earn varies considerably between economic activities? Which sectors have especially high earnings and which have low earnings may also differ between countries?. Which are these high and low paying sectors, measured in average gross monthly earnings in euro? In 2018, the ‘Information and communication’ industry was the highest paying sector in twelve […]
In 2019, total government expenditure in the EU amounted to 46.6% of gross domestic product (GDP), according to the last figures released by Eurosta. This share remained unchanged from the previous year, however it has steadily decreased from its latest peak in 2009 (50.7% of GDP). Among the main functions of general government expenditure in […]
Post-Covid19: EU criteria for safe and clean tourism, including a common vaccination certificate, should be a part of a new EU strategy on sustainable tourism, said MEPs. The draft resolution on establishing an EU strategy for sustainable tourism, adopted by Transport and Tourism Committee on Thursday by 47 votes in favour and 2 against, urges […]
The euro area annual inflation rate was 0.9% in January 2021, up from -0.3% in December. A year earlier, the rate was 1.4%. European Union annual inflation was 1.2% in January 2021, up from 0.3% in December. A year earlier, the rate was 1.7%. These figures are published by Eurostat, the statistical office of the […]
European Union post Covid-19: A high-profile panel on Monday, 22 February, warned of the economic difficulties stemming from the pandemic, whilst noting that this crisis could offer the chance to rebuild EU economies. Kicking off the annual European Parliamentary Week, which sees MEPs and national parliamentarians meet to discuss EU economic governance, the panel brought […]
The Council today (22 February 2021) adopted conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes, deciding to add Dominica to the EU list of non-cooperative jurisdictions and to remove Barbados from that list. Tax good governance The list includes jurisdictions worldwide that either have not engaged in a constructive dialogue with […]
ICEX-Invest in Spain has released a video to promote Spain’s competitive advantages as an investment destination, achieve a better country positioning and help in attracting new Foreign Direct Investment (FDI) projects. The video is titled ‘Together, we are business’ and, throughout its footage, combines the competitive advantages of Spain – from a business point of […]
The President of the Government of Spain, Pedro Sánchez, presented yesterday (11 February 2021) the ‘Spain: Entrepreneurial Nation Strategy’. It is a set of 50 key measures to enhance the economic and social recovery of Spain that modernises the productive system and fosters the creation of quality jobs. The ‘Spain: Entrepreneurial Nation Strategy’ was drawn […]
To fight inequality and in-work poverty, MEPs call for a minimum wage, equal labour conditions for platform workers and a better work-life balance. The principle that ‘work is the best remedy for poverty’ does not apply to low-wage sectors, and those working under precarious and atypical working conditions. MEPs therefore urge the Commission and member […]
Joint press statement by the CNMV and the Banco de España on cryptocurrency investment risks In recent months, numerous cryptocurrencies, including Bitcoin and Ether, have experienced high price volatility, which has been accompanied by a significant increase in (sometimes aggressive) advertising to attract investors. In 2018 the Banco de España and the CNMV already warned […]
Sincro’s blog is designed to provide daily information on labour, fiscal and economic news. We do not provide free advice nor do we answer personalized queries that come to us through the blog. If you need advice, do not hesitate to contact our Team of Experts to request a quote.