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11 May
spanish labour reform 2021

2021 Spanish Labour Reform: Yolanda Díaz outlines the 11 labour reforms

Yolanda Díaz, third vice-president of the Government and Minister for Work and Social Economy, has presented the Government’s new measures that will modernise and “revolutionise the employment market to adapt it to the 21st century” with eleven reforms and seven investments, earmarking 2.363 billion euros for this purpose. These are the measures that comprise Component […]

14 Apr
salary register in Spain

6 FAQs about salary register in Spain (Royal-Decree 902/2020)

6 FAQs about salary register in Spain. Today (14 April) enter into force the Royal-Decree 902/2020 of 13 October, on equal pay for women and men: 1. WHICH COMPANIES ARE AFFECTED BY THIS NEW LAW? All companies are obliged to prepare the salary register. In addition, those who are obliged to draw up an Equality […]

09 Apr

The Spanish Government expects growth of 6.5% in 2021 and 7% in 2022

The Spanish Government’s forecast, according to the information available at this time, is that the Spanish economy will grow 6.5% in 2021, while in 2022 growth will reach 7%. In this way, the Gross Domestic Product (GDP) would reach around the end of 2022 the level that it registered in the fourth quarter of 2019, […]

15 Feb
invest in spain 2021

“Together, we are business”, new Invest in Spain video

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 […]

27 Jan
brexit channel

Spain will set up the Brexit Channel

The Spanish government will set up the ‘Brexit Channel’ – a forum for collaboration between the public authorities and companies, to analyse the evolution of trade exchanges with the United Kingdom (UK) in the initial months of application of the agreement. The State Secretary for Trade and ICEX España Exportación e Inversiones, [Spanish Institute for […]

22 Jan
economy industrial prices

Results of the ECB Survey of Professional Forecasters in the first quarter of 2021

Respondents to the European Central Bank (ECB) Survey of Professional Forecasters (SPF) for the first quarter of 2021 reported point forecasts for annual HICP inflation averaging 0.9%, 1.3% and 1.5% for 2021, 2022 and 2023 respectively. These were unchanged for both 2021 and 2022. Average longer-term inflation expectations (which, like all other longer-term expectations in […]

20 Jan
invest in Spain 2021

New Invest in Spain, web portal to promote foreign investment in Spain

The State Secretary for Trade, Xiana Méndez, took part in the closing event of the 11th edition of the Spain Investors Day (SID) economic forum, which gathers together the main Spanish listed companies with international investors from several countries. During her speech, Xiana Méndez encouraged continued confidence in Spain as an investor destination and highlighted […]

07 Jan
erte spanish layoff temporary

Spain: Number of people on Temporary Lay-off Plans (ERTE) stands at 755,000 on 31 December 2020

Spain: The year 2020 closed with 755,613 people protected under a Temporary Lay-off Plan (Spanish acronym: ERTE), which means that the number of workers has remained stable since the month of September. Compared with the close of November, a decline of 95,607 people has taken place when taking into account the revised series according to […]

14 Dec
EBA coid19

Covid-19: EBA confirms banks’ solid capital and liquidity positions but warns about asset quality prospects

Covid-19: The European Banking Authority (EBA) has just published its annual Risk Assessment of the European banking system. The report is accompanied by the publication of the 2020 EU-wide transparency exercise, which provides detailed information for 129 banks across 26 EEA / EU countries and for 6 banks from UK. Despite the COVID-19 shock, banks […]

16 Sep
trade volumen

Banco de España: Macroeconomic projections for the Spanish economy (2020-2022)

Banco de España has just released today (16 September) a note that describes the key features of the macroeconomic scenarios for the Spanish economy for the period 2020-2022, which the Banco de España has published today on its website. Compared with the scenarios of last June, the current projections incorporate the new information that has […]

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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.

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