FOOD VAT
Madrid – The Government is going to temporarily eliminate the VAT on olive oil from July 1 and will permanently include it in the group of essential goods to which the super-reduced rate of 4% applies, after its price is reduced. has tripled since January 2021 and its consumption has fallen by 20%.
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– The olive sector values the elimination of VAT and hopes that the price will drop by half a euro.
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HOUSING CONJUNCTURE
Madrid – Home sales grew again in April, shooting up 24%, its largest increase since May 2022, and recorded 53,091 operations, the highest figure for this month since 2008, according to data released this Friday by the National Institute of Statistics (INE).
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SUMMER TOURISM
Madrid – 80% of Spaniards will travel with complete safety during these summer holidays, while 14% will most likely do so, according to forecasts from the National Observatory of Broadcast Tourism, ObservaTUR, which confirms how the desire to travel has skyrocketed , which anticipates a “successful” summer campaign.
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– Travel agencies are confident of a good summer, although they are cautious about the economy.
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FOOD CONSUMPTION
Madrid – The repeated increase in food prices in 2023, of up to 10% in the shopping basket, has led to an increase in the budget that Spaniards dedicate to eating and drinking, both inside and outside the home, up to 2,732 euros per person, 5.8% more than the previous year.
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EU FINANCE
Luxembourg – The Ministers of Economy and Finance of the European Union gave the green light this Friday to modify the Statutes of the European Investment Bank (EIB) in order to maintain its financing capacity at current levels, at approximately 90 billion euros annually.
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– Estonia once again vetoes the EU involving digital platforms in the collection of VAT.
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ECONOMY CONFERENCES
Santander – The president of the National Securities Market Commission (CNMV), Rodrigo Buenaventura, and the deputy governor of the Bank of Spain, Margarita Delgado, close the XLI APIE seminar at the Menéndez Pelayo International University (UIMP).
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CONGRESS COMPANIES (Interview)
Cartagena de Indias (Colombia) – The president of the Colombian Trinity Group, Omar González, assures that his short-term challenge is to consolidate and reform the Clarel perfumery chain, acquired last December, but that later he is open to more investments in Spain because has come to this country “to create roots.”
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SUMMARY MARKETS
Madrid – The main European stock markets close a week of some recovery, although not free of uncertainty, after the declines caused during the previous week by the results of the European elections.
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