Business
Hospitality doesn’t have a VAT problem. It has a profitability problem
Every few years, the hospitality industry returns to the same debate: reduce VAT, cut tax and save restaurants. A lower rate of VAT would undoubtedly help many businesses, but after operating…
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Croatia’s Fortenova sells regional ice-cream brand for €615mn
Zagreb (Brussels Morning) The Croatian food and retailing conglomerate Fortenova has sold its frozen foods business unit for 615 million…
Spain to remove Gibraltar from tax haven blacklist based on new pact with UK
Brussels (Brussels Morning) Spain will remove Gibraltar from its tax haven blacklist based on an agreement with the UK on…
Bank of Italy uses tweets to track consumer mood
Brussels (Brussels Morning) The Bank of Italy claimed on Monday that its experimental use of tweets to track consumer mood…
Spanish economy falls behind Czech Republic’s in per capita GDP terms
Brussels (Brussels Morning) With the latest statistics indicating that the Czech Republic has overtaken Spain in terms of per capita…
Spanish economy contracts 11% in 2020
Brussels (Brussels Morning) Spain’s GDP dropped 11% last year according to National Statistics Institute (INE) data released on Friday, El…
Cross-channel rail Eurostar close to bankruptcy
Brussels (Brussels Morning) After experiencing a steep decline in the number of passengers due to the coronavirus crisis, the cross-channel…
EIB to support affordable housing project in France
Brussels (Brussels Morning) The European Investment Bank (EIB) supports the French Batigère social housing network's subsidiary Livie with 125 million…
Electric car sales in Norway pass 50% market share
Brussels (Brussels Morning) The sale of all-electric cars in Norway last year overtook sales of internal combustion engine-powered cars and…