How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily brief -Thursday 11 February 2016
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
Spanish Siesta Latest Victim of Crisis
Love it or hate it, the world renowned Spanish "Siesta", a past time enjoyed by the nation on a daily basis is likely to be officially scrapped.
Ministers who set retail opening regulations have decided that the "snooze" time, typically between 2pm and 4pm, is counterproductive to any recovery hopes the country may have.
As Spain falls deeper into recession and looks inevitable that a full-blown bailout will be required from Europe, ministers hope the move will encourage shoppers to change their spending habits and make full use of the additional opening hours.
Carmen Cardeno, director general for domestic commerce at the economy ministry has said "We need to evolve and be more flexible". Spanish shops open for the least amount of time than anywhere else in Europe.
Under new measures, retailers will be allowed to open for an additional 18 trading hours per week. Sunday/Fiesta trading has also been increased from 8 to 10 days. Retailers typically bank their Sunday/Fiesta days and use them in August and December.
Additionally, retailers will be allowed to decide when they cut their prices instead of the 2 sale periods imposed on them under current legislation.
Small retailers have complained that the new measures will discriminate against them as they neither have the resources or manpower to compete with larger retailing institutions.
"The measures do not go far enough" said Javier Millan-Astray, Director General of the retail association ANGED. "We had been pushing for 16 Sunday/Fiesta days per year"
All of this comes as Government reform is looking to the retail industry to increase tax revenue. However with recent hikes in tax, from 18% to 21%, due to come into force from 1st September, experts cannot see how increasing trading hours will increase sales when prices are being forced up.
Latest News & Stories
- New businesses in Spain rises by 0.5 pct in 2015
- 2 New cases of Zika in Spain brings total to 9
- Spain housing sales rise 11.1 percent in 2015 y/y
- Session to name Spain’s next PM may take place in early March
- Podemos deputies to be moved from “nosebleed section” of Congress
- Spanish 2016 growth could be less than forecast
- Spain shelves case against former ally of Mexican president
- Spain's Princess Cristina returns to court in tax fraud trial
- Olive oil prices jumped almost 20% in 2015
- IBM Spain to withdraw redundancy plan