Tue. Apr 23rd, 2019

Ábalos says they will not lower taxes while there are "deteriorated" infrastructures and four other news

Ábalos says they will not lower taxes while there are "deteriorated" infrastructures and four other news


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MadridUpdated:

1. The IMF worsens its growth forecast for Spain by one tenth to 2.1% this year. The International Monetary Fund (IMF) has just presented its new global economic forecasts in which he gives a resounding blow to his estimates of growth of the staff of European countries. Spain is not saved, as the body led by Christine Lagarde worsens by one tenth its growth estimate for 2019 to 2.1%, while leaving its cabals unchanged for 2020, at 1.9%.

2. Ábalos refuses to lower taxes "as long as there are deteriorated infrastructures". The Minister of Development, José Luis Ábalos, announced this Monday at the XI Meeting of the Infrastructure Sector, organized by ABC and Deloitte, that his department Tendered 5,000 million euros in the second half of last year, which represents an increase of 79% over the previous year. In addition, he noted that "you can not raise tax rebates while there are deteriorated infrastructure."

3. Adif will publish in June the requirements that companies that want to compete in the AVE must meet. Adif has already submitted the network statement to the National Commission of Markets and Competition (CNMC), a document that details the requirements that must comply with the railway companies to compete with Renfe when the market opens, in December 2020. The company forecasts that these requirements will be approved in June.

4. The construction companies point out that investment in infrastructure has plummeted by 60% in 12 years. The construction sector has claimed this Monday, in the framework of the XI Meeting of the Infrastructure Sector, organized by ABC and Deloitte, more "stability" to political parties so that the brick recovers the lost ground during the economic crisis. And, as pointed out by the CEO of Sacyr Construction, Pedro Sigüenza, during a colloquium organized by the Forum, public investment in the sector has plummeted by 60% in the last twelve years.

5. The inspector of the Bank of Spain José Antonio Casaus: "it was a mistake to endorse the reorganization of Bankia". The inspector of the Bank of Spain, José Antonio Casaus, acknowledged on Tuesday in the trial for the listing of Bankia that it was an "error" to include in a report dated March 2011 that the write-downs made were "enough" to deal with the deterioration of real estate assetss and credit.

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