{"id":43586,"date":"2022-06-30T12:11:45","date_gmt":"2022-06-30T12:11:45","guid":{"rendered":"https:\/\/www.estudiodecomunicacion.com\/?page_id=43586"},"modified":"2022-07-01T08:01:23","modified_gmt":"2022-07-01T08:01:23","slug":"spanish-business-intelligence-report-july","status":"publish","type":"page","link":"https:\/\/www.estudiodecomunicacion.com\/en\/spanish-business-intelligence-report-july\/","title":{"rendered":"Spanish Business Intelligence Report &#8211; July"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;fullwidth&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_single_image image=&#8221;43297&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column_inner rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_empty_space][\/vc_column_inner][\/vc_row_inner][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column_inner width=&#8221;1\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]<strong>New anti-crisis decree extending the War Response Plan<\/strong>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;3\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]The new anti-crisis decree extending the War Response Plan, which was passed on Saturday, June 25<sup>th<\/sup>, includes a battery of measures that increase by almost 4.4 billion the public spending aimed at alleviating Spanish inflation until December.<\/p>\n<p>These actions include:<\/p>\n<ul>\n<li>Limit of the maximum selling price of bottled liquefied petroleum gas (LPG) until December 31<sup>st<\/sup>, 2022. The maximum price of the butane cylinder will be 19.55 euros.<\/li>\n<li>VAT on electricity lowered to 5%.<\/li>\n<li>Extension of the remuneration reduction from electricity production activity until December 31<sup>st<\/sup>, 2022.<\/li>\n<li>Extension of the 0.5% excise duty on electricity until December 31<sup>st<\/sup>, 2022.<\/li>\n<li>Maintenance of the 20 cents\u2019 discount on fuel prices until December 31<sup>st<\/sup> of the current year. Modification and extension of the applicable formula for the price of road transport revision based on the variation of fuel price.<\/li>\n<li>Support measures for the gas-intensive industry: manufacturers of basic chemical products, iron and steel or ceramics. Maximum amount of aid per company is 400,000 euros.<\/li>\n<li>Extension of the 4% VAT on deliveries, imports, and intra-community acquisitions of disposable surgical masks until December 31<sup>st<\/sup>, 2022.<\/li>\n<li>50% reduction on state transport passes and 30% reduction on public transport of the Autonomous Communities and City Councils.<\/li>\n<li>200-euro family voucher for vulnerable families.<\/li>\n<\/ul>\n<p>The decree will not include the 10% increase in Corporate Tax for large electricity companies, as it was postponed to January 2023.[\/vc_column_text][vc_btn title=&#8221;Read the official state gazette&#8221; size=&#8221;xs&#8221; link=&#8221;url:https%3A%2F%2Fs03.s3c.es%2Fimag%2Fdoc%2F2022-06-26%2FBOE-A-2022-10557.pdf&#8221;][vc_separator style=&#8221;style-4&#8243; color=&#8221;#e8e8e8&#8243; margin_bottom=&#8221;40&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column_inner width=&#8221;1\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]<strong>Historic victory of the Popular Party in Andalusia <\/strong>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;3\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]The acting president of the regional Junta de Andaluc\u00eda and Popular Party\u2019s candidate for re-election, Juan Manuel Moreno, won the regional elections on June 19 and achieved a historic absolute majority in the former socialist stronghold. The PP gained a total of 58 of the 109 seats, becoming the hegemonic party in Andalusia for the first time in more than 40 years. Moreno Bonilla will thus be able to govern without the need for other parties\u2019 support.<\/p>\n<p>With 8.4 million inhabitants and a surface area equivalent to that of Portugal, Andalusia remains Spain\u2019s most populous region, the one that contributes the most MPs to the Spanish Congress. Spanish media predicts that these results will have an impact in the countries\u2019 political changes in the coming months.[\/vc_column_text][vc_btn title=&#8221;Read report&#8221; size=&#8221;xs&#8221; link=&#8221;url:https%3A%2F%2Fwww.estudiodecomunicacion.com%2Fwp-content%2Fuploads%2F2022%2F06%2F220619PRE-ESTUDIO-Resultado-Elecciones-Andalucia-ENG.pdf&#8221;][vc_separator style=&#8221;style-4&#8243; color=&#8221;#e8e8e8&#8243; margin_bottom=&#8221;40&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column_inner width=&#8221;1\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]<strong>Spanish Government to impose an \u2018additional\u2019 levy on energy companies, due to soaring energy prices<\/strong>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;3\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]The Minister of Finance and Civil Service, Mar\u00eda Jes\u00fas Montero, has confirmed that the Government is working on an additional levy on energy companies to tax their profits as a result of uncontrolled energy prices. The levy would come into force in 2023. The measure is barely defined and the Treasury technicians are working on both the tax and its legal architecture. The measure was suggested by the ruling coalition party Podemos, whose leader Yolanda D\u00edaz is still pushing for its implementation before the 2023 Budget.[\/vc_column_text][vc_separator style=&#8221;style-4&#8243; color=&#8221;#e8e8e8&#8243; margin_bottom=&#8221;40&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column_inner width=&#8221;1\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]<strong>The Independent Authority for Fiscal Responsibility (Airef) has warned of an increase in the cost of Spanish debt until 2025<\/strong>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;3\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]Cristina Herrero, Airef\u2019s chairwoman, said that an increase to 3 percent in the Spanish bond would cause an increase of some 12 billion \u20ac more in interest until the end of the 2022-2025 period, an amount that would have to be added to the 20 billion previously estimated in April.[\/vc_column_text][vc_separator style=&#8221;style-4&#8243; color=&#8221;#e8e8e8&#8243; margin_bottom=&#8221;40&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column_inner width=&#8221;1\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]<strong>The Spanish markets regulator CNMV has tightened its control over the costs of investment funds<\/strong>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;3\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]The supervisor has asked fund managers to review &#8220;the pricing process&#8221; for their investment products periodically, at least once a year. CNMV&#8217;s ultimate goal is for Spanish entities to carry out an annual review of their funds, so that they do not charge their clients &#8220;undue&#8221; or hidden costs.[\/vc_column_text][vc_separator style=&#8221;style-4&#8243; color=&#8221;#e8e8e8&#8243; margin_bottom=&#8221;40&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column_inner width=&#8221;1\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]<strong>Venture capital firms in Spain double the value of their portfolio in 10 years<\/strong>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;3\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]Private equity and venture capital firms have grown at an accelerated pace in global markets since 2012 and Spain is no exception in this progression. In the last ten years, the investment portfolio of private equity funds in Spain has doubled in value. The portfolio of Spanish companies owned by private equity and venture capital vehicles will reach a value of 38,444 M\u20ac by the end of 2021, according to the register of the SpainCap association. A decade ago, on December 31, 2011, the valuation of this portfolio was barely half this amount: 19,739 million, according to the revised data of the organization representing this industry.[\/vc_column_text][vc_separator style=&#8221;style-4&#8243; color=&#8221;#e8e8e8&#8243; margin_bottom=&#8221;40&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column_inner width=&#8221;1\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]<strong>The increase in minimum wage and the labour reform increase labour costs, particularly in the hospitality industry<\/strong>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;3\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]The monthly labour cost per worker in Spain reached 2,729.01 \u20ac during the first quarter of the year, an increase of 4.7 percent over the same period of the previous year. This indicator includes both social security contributions and private insurance, as well as the salary received by the employee. The latter, in particular, increased by 5.2 percent annually to 2,006.61 \u20ac, according to data published yesterday by the National Statistics Institute (INE). Although labour costs increase across practically all industries, they are soaring in the hospitality sector.[\/vc_column_text][vc_separator style=&#8221;style-4&#8243; color=&#8221;#e8e8e8&#8243; margin_bottom=&#8221;40&#8243;][\/vc_column_inner][\/vc_row_inner][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column_inner width=&#8221;1\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]<strong>The Spanish regulator CNMV will increase its surveillance over the promotion of cryptoassets in sporting events and may ban CFDs for retail investors<\/strong>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;3\/4&#8243; rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]In his annual speech at the Economic Affairs and Digital Transformation Committee of the Congress, CNMV\u2019s Chairman Rodrigo Buenaventura said that CNMV will study, if necessary, a new regulation to prevent crypto-asset advertising from endangering the savings of the clubs\u2019 fans. Mr Buenaventura also announced that CNMV is seeking to prohibit in Spain the investment in CFDs by retail investors, as happened in countries such as Belgium or France. CNMV estimates that around 80% of the clients attracted by firms that market these products will lose the money they have invested.[\/vc_column_text][vc_separator style=&#8221;style-4&#8243; color=&#8221;#e8e8e8&#8243; margin_bottom=&#8221;40&#8243;][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column_inner rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_column_text]<\/p>\n<h3 style=\"text-align: center;\">For further information please<\/h3>\n<p>[\/vc_column_text][vc_btn title=&#8221;Contact us&#8221; shape=&#8221;square&#8221; color=&#8221;peacoc&#8221; size=&#8221;lg&#8221; align=&#8221;center&#8221; link=&#8221;url:https%3A%2F%2Fwww.estudiodecomunicacion.com%2Fen%2Four-offices%2F&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;fullwidth&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_single_image image=&#8221;43297&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column_inner rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; [&hellip;]<\/p>\n","protected":false},"author":106,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-43586","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Spanish Business Intelligence Report - July - Estudio de Comunicaci\u00f3n<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.estudiodecomunicacion.com\/en\/spanish-business-intelligence-report-july\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spanish Business Intelligence Report - July\" \/>\n<meta property=\"og:description\" content=\"[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;fullwidth&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_single_image image=&#8221;43297&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column_inner rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.estudiodecomunicacion.com\/en\/spanish-business-intelligence-report-july\/\" \/>\n<meta property=\"og:site_name\" content=\"Estudio de Comunicaci\u00f3n\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/estudiodecomunicacion\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-01T08:01:23+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@EstComunicacion\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/en\\\/spanish-business-intelligence-report-july\\\/\",\"url\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/en\\\/spanish-business-intelligence-report-july\\\/\",\"name\":\"Spanish Business Intelligence Report - July - Estudio de Comunicaci\u00f3n\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/#website\"},\"datePublished\":\"2022-06-30T12:11:45+00:00\",\"dateModified\":\"2022-07-01T08:01:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/en\\\/spanish-business-intelligence-report-july\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/en\\\/spanish-business-intelligence-report-july\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/en\\\/spanish-business-intelligence-report-july\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Spanish Business Intelligence Report &#8211; July\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/#website\",\"url\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/\",\"name\":\"Estudio de Comunicaci\u00f3n - Consultores de Comunicaci\u00f3n y Relaciones P\u00fablicas\",\"description\":\"Consultora de Comunicaci\u00f3n y Relaciones P\u00fablicas\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/#organization\",\"name\":\"Estudio de Comunicaci\u00f3n\",\"url\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/EC_LogoEC.R_LogoLazo-03-03.png\",\"contentUrl\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/EC_LogoEC.R_LogoLazo-03-03.png\",\"width\":431,\"height\":401,\"caption\":\"Estudio de Comunicaci\u00f3n\"},\"image\":{\"@id\":\"https:\\\/\\\/www.estudiodecomunicacion.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/estudiodecomunicacion\",\"https:\\\/\\\/x.com\\\/EstComunicacion\",\"https:\\\/\\\/www.instagram.com\\\/estcomunicacion\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/estudio-de-comunicacion\\\/?originalSubdomain=es\",\"https:\\\/\\\/www.youtube.com\\\/user\\\/EstComunicacion\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Spanish Business Intelligence Report - July - Estudio de Comunicaci\u00f3n","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.estudiodecomunicacion.com\/en\/spanish-business-intelligence-report-july\/","og_locale":"en_US","og_type":"article","og_title":"Spanish Business Intelligence Report - July","og_description":"[vc_row rt_row_background_width=&#8221;fullwidth&#8221; rt_row_content_width=&#8221;fullwidth&#8221; rt_row_style=&#8221;default-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221;][vc_single_image image=&#8221;43297&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][vc_row_inner rt_row_style=&#8221;global-style&#8221; rt_row_borders=&#8221;&#8221; rt_row_paddings=&#8221;true&#8221; rt_bg_effect=&#8221;classic&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;cover&#8221; rt_bg_position=&#8221;right top&#8221; rt_bg_attachment=&#8221;scroll&#8221; rt_bg_video_format=&#8221;self-hosted&#8221;][vc_column_inner rt_wrp_col_paddings=&#8221;false&#8221; rt_border_top=&#8221;&#8221; rt_border_bottom=&#8221;&#8221; rt_border_left=&#8221;&#8221; rt_border_right=&#8221;&#8221; rt_border_top_mobile=&#8221;&#8221; rt_border_bottom_mobile=&#8221;&#8221; rt_border_left_mobile=&#8221;&#8221; rt_border_right_mobile=&#8221;&#8221; rt_bg_image_repeat=&#8221;repeat&#8221; rt_bg_size=&#8221;auto auto&#8221; rt_bg_position=&#8221;right top&#8221; [&hellip;]","og_url":"https:\/\/www.estudiodecomunicacion.com\/en\/spanish-business-intelligence-report-july\/","og_site_name":"Estudio de Comunicaci\u00f3n","article_publisher":"https:\/\/www.facebook.com\/estudiodecomunicacion","article_modified_time":"2022-07-01T08:01:23+00:00","twitter_card":"summary_large_image","twitter_site":"@EstComunicacion","twitter_misc":{"Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.estudiodecomunicacion.com\/en\/spanish-business-intelligence-report-july\/","url":"https:\/\/www.estudiodecomunicacion.com\/en\/spanish-business-intelligence-report-july\/","name":"Spanish Business Intelligence Report - July - Estudio de Comunicaci\u00f3n","isPartOf":{"@id":"https:\/\/www.estudiodecomunicacion.com\/#website"},"datePublished":"2022-06-30T12:11:45+00:00","dateModified":"2022-07-01T08:01:23+00:00","breadcrumb":{"@id":"https:\/\/www.estudiodecomunicacion.com\/en\/spanish-business-intelligence-report-july\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.estudiodecomunicacion.com\/en\/spanish-business-intelligence-report-july\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.estudiodecomunicacion.com\/en\/spanish-business-intelligence-report-july\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/www.estudiodecomunicacion.com\/en\/"},{"@type":"ListItem","position":2,"name":"Spanish Business Intelligence Report &#8211; July"}]},{"@type":"WebSite","@id":"https:\/\/www.estudiodecomunicacion.com\/#website","url":"https:\/\/www.estudiodecomunicacion.com\/","name":"Estudio de Comunicaci\u00f3n - Consultores de Comunicaci\u00f3n y Relaciones P\u00fablicas","description":"Consultora de Comunicaci\u00f3n y Relaciones P\u00fablicas","publisher":{"@id":"https:\/\/www.estudiodecomunicacion.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.estudiodecomunicacion.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.estudiodecomunicacion.com\/#organization","name":"Estudio de Comunicaci\u00f3n","url":"https:\/\/www.estudiodecomunicacion.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.estudiodecomunicacion.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.estudiodecomunicacion.com\/wp-content\/uploads\/2018\/02\/EC_LogoEC.R_LogoLazo-03-03.png","contentUrl":"https:\/\/www.estudiodecomunicacion.com\/wp-content\/uploads\/2018\/02\/EC_LogoEC.R_LogoLazo-03-03.png","width":431,"height":401,"caption":"Estudio de Comunicaci\u00f3n"},"image":{"@id":"https:\/\/www.estudiodecomunicacion.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/estudiodecomunicacion","https:\/\/x.com\/EstComunicacion","https:\/\/www.instagram.com\/estcomunicacion\/","https:\/\/www.linkedin.com\/company\/estudio-de-comunicacion\/?originalSubdomain=es","https:\/\/www.youtube.com\/user\/EstComunicacion"]}]}},"_links":{"self":[{"href":"https:\/\/www.estudiodecomunicacion.com\/en\/wp-json\/wp\/v2\/pages\/43586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.estudiodecomunicacion.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.estudiodecomunicacion.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.estudiodecomunicacion.com\/en\/wp-json\/wp\/v2\/users\/106"}],"replies":[{"embeddable":true,"href":"https:\/\/www.estudiodecomunicacion.com\/en\/wp-json\/wp\/v2\/comments?post=43586"}],"version-history":[{"count":11,"href":"https:\/\/www.estudiodecomunicacion.com\/en\/wp-json\/wp\/v2\/pages\/43586\/revisions"}],"predecessor-version":[{"id":43657,"href":"https:\/\/www.estudiodecomunicacion.com\/en\/wp-json\/wp\/v2\/pages\/43586\/revisions\/43657"}],"wp:attachment":[{"href":"https:\/\/www.estudiodecomunicacion.com\/en\/wp-json\/wp\/v2\/media?parent=43586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}