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Spanish companies do not discuss the latest sanitary measures adopted and we will comply with them, as up to now. The priority is people's health.

But it will be a measure that will generate an unprecedented huge impact on the Spanish economy, especially in sectors such as industry. This slowdown may lead to a deeper crisis in the economy that could become social.

There is currently a complete confusion in business activity, since Spanish businessmen urgently need to know the list of activities that are considered essential in order to adopt the appropriate measures.

It is essential that this measure is accompanied by others that prevent an aggravation of the already dramatic situation that companies are going through, among other Spanish SMEs and self-employed workers, and that do not cause a massive destruction of business and employment fabric in a definitive way.



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The Spanish businessmen represented by CEOE and CEPYME consider that the new measures in the labor sphere approved this Friday in the extraordinary Council of Ministers will prevent laying the foundations for the necessary economic recovery in Spain and will ultimately lead to a higher level of unemployment .

From CEOE and CEPYME we warn that, waiting to be able to know all the details, they do not go in the right direction, but, on the contrary, they will be detrimental to the economic balance, the health of the public accounts, considerably increasing the deficit, and they will significantly reduce investor confidence, which are critical to the financial stability and economic recovery of this country.

Furthermore, when a large number of companies, especially SMEs and the self-employed, are struggling to avoid closure in a context that is already announced of a global recession, we strongly reject that the Government tries to cast suspicion and mistrust on the business community. We believe that precisely at this time the situation requires joint efforts and unity of action.

We want to make it clear that our will above all, in these moments of crisis for COVID-19, is to sustain the economy and employment, and for this reason, we are pushing to avoid an even greater halt in business activity, always prioritizing, How could it be otherwise, the safety and health of citizens.



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The countries of the Ibero-American space are experiencing an unprecedented situation due to the advance of the COVID 19 virus in the region. Undoubtedly, this crisis represents the greatest economic and social challenge that Latin America has faced in its recent history, and to mitigate its effects, unprecedented multilateral coordination will be required.

We are facing a new and conjunctural scenario, which will represent a parenthesis in our daily activities, and in which it will be necessary for the region to show itself more united and committed than ever in order to successfully overcome the challenge posed to our societies by the coronavirus. .

In this sense, the Ibero-American governments are taking important measures these days with the objective, on the one hand, of containing the spread of the virus, and on the other, of making available to companies, workers and families, the necessary means to guarantee their survival in these moments of enormous uncertainty. From our institutions we are monitoring the situation and collecting information that we will make available on our portals for all social and economic actors, so that the experiences of some countries help others, and a rich exchange of information is generated.

At SEGIB, CEIB, and FIJE, we believe that this situation may represent an opportunity for international cooperation and public and private collaboration to be strengthened, with a view to creating the appropriate mechanisms that allow us to combat the effects of this or other possible crises that may affect the region in the future.

For this reason, from the Ibero-American General Secretariat, SEGIB, the Permanent Secretariat of the Council of Ibero-American Entrepreneurs, CEIB, and the Ibero-American Federation of Young Entrepreneurs, FIJE, we call for unity and solidarity among all of us in the face of this important health crisis and economic that we are living, making ourselves available to the community for any necessary support in the delicate situation that we are going through.

Likewise, we reiterate our support to the governments, to all Ibero-American businessmen, and especially to small and medium-sized companies, wishing that we will soon get out of this temporary situation and all together continue to create a more prosperous, cohesive, innovative and sustainable Ibero-American space. .



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Once the measures approved by the Council of Ministers on March 24 for the granting of a first tranche of guarantees amounting to 20,000 million euros to companies and the self-employed are known, CEOE and CEPYME appreciate this new step taken by the Government to facilitate bank financing of many businesses.

These are measures that we have been urgently demanding from Spanish businessmen, as we consider that they are key to the recovery of the economy, since they will allow maintaining those businesses that are suffering a drastic decrease in their activity due to COVID-19 and that they require these resources to avoid closure in many cases.

Waiting to know in any case the detail of these conditions, we also positively value that the Government has attended to the need for retroactivity of these guarantees on March 18, and especially the reinforcement that is contemplated of the guarantees that must offer small businesses and the self-employed for access to financing, for which this public support will reach 80% of the requested amount.



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  • The Line of Guarantees, with a maximum amount of 100,000 million euros, aims to support Spanish companies and freelancers, guaranteeing access to the financing necessary to maintain activity and employment
  • The Council of Ministers has approved the characteristics of the first section of the Line, for an amount of 20,000 million euros, 50% of which will be used to guarantee loans to the self-employed and SMEs
  • The Line, which is retroactive to operations granted since March 18, allows financing to pay wages, invoices, currency or other liquidity needs, including maturities of financial or tax obligations
  • The guarantee covers, in the case of freelancers and SMEs, 80% of new loans and financing renewals
  • For the rest of the companies, 70% of the new financing granted and 60% of the renovation operations are guaranteed.

The Council of Ministers today approved the Agreement that includes the characteristics of the first tranche, for an amount of up to 20,000 million euros, of the Line of Guarantees for companies and the self-employed, included in Royal Decree Law 8/2020 on extraordinary urgent measures for face the economic and social impact of COVID-19.

The Government thus complies with the commitment with companies, especially with self-employed workers and SMEs, to implement the necessary measures to guarantee their liquidity and preserve productive activity and employment.

With this objective, the Line of Guarantees will guarantee new loans and renewals granted by financial entities to companies and the self-employed to meet the financing needs derived, among others, from payment of wages, invoices, need for money or other liquidity needs, including those derived from maturities of financial or tax obligations.

This Line will be managed by the Official Credit Institute, in collaboration with financial entities.

Characteristics of the Guarantee Line

The Guarantee Line was approved with an endowment of up to 100,000 million euros. The first tranche activated in today's agreement has an amount of 20,000 million euros, of which 50% will be reserved to guarantee loans to freelancers and SMEs.

Companies and freelancers affected by the economic effects of COVID-19 may request these guarantees, provided that the applicants were not in default on December 31, 2019 and in bankruptcy procedure on March 17, 2020. The guarantees will be retroactive. and may be requested for operations formalized after the entry into force of Royal Decree-Law 8/2020, which occurred on March 18.

The guarantee will guarantee 80% of new loans and renewals of operations requested by freelancers and SMEs. For the rest of the companies, the guarantee will cover 70% of the new loan granted and 60 of the renewals.

The guarantee issued will be valid for the term of the loan granted, with a maximum term of five years. The cost of the guarantee, between 20 and 120 basic points, will be assumed by the financial entities.

Interested companies and freelancers may request the guarantee for their operations until September 30, 2020. To do this, they must contact the financial entities with which the ICO has signed the corresponding collaboration agreements.

Financial institutions undertake to keep the costs of new loans and renewals that benefit from these guarantees in line with the costs applied before the start of the COVID-19 crisis.

They also undertake to maintain, at least until September 30, 2020, the limits of the working capital lines granted to all clients and, in particular, to those clients whose loans are guaranteed.



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The Swiss company is committed to maintaining the activity of the market infrastructures on which the authorization and the continuity of the stock market rests as a financing mechanism for companies

The Council of Ministers has authorized the acquisition of 100% of the capital of Bolsas y Mercados Españoles, S.A. (BME) by the company SIX Group AG. The authorization has been made at the proposal of the Ministry of Economic Affairs and Digital Transformation, after a favorable report from the National Securities Market Commission (CNMV) and the hearing process has been carried out with the Autonomous Communities with competences in the matter.

The company SIX Group AG Last December, it presented a letter requesting authorization for the purchase of the Spanish company BME, manager of regulated markets, the central counterparty entity and the central depository of securities in Spain, an operation that must be authorized by the Government.

Once the information has been analyzed and the relevant reports have been received, the Government has authorized the operation, considering that the requirements established in the regulations are met, mainly the financial solvency of the acquirer and its suitability, reputation and experience.

However, and in addition, SIX has made a series of commitments in its request, which guarantee the maintenance of the activity of the affected market infrastructures and, consequently, the continuity of the Spanish stock market as a financing mechanism for our companies.

Finally, once the operation has been authorized by the Government, the acquisition proposal will be submitted to the criteria of the CNMV, as the competent authority in Spain to authorize the takeover bids (OPA). If the CNMV authorizes the takeover bid, it will be the shareholders of BME who will ultimately decide whether or not to sell their shares at the offered price.



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  • Through this agreement, Cellnex Telecom, Euskaltel, MasMovil, Orange, Telefónica, Vodafone and the National Association of Operators of Telecommunications and Internet Services (AOTEC) want to show their commitment to society in these moments of special difficulty in which connectivity is a fundamental element for citizenship, both from the personal and social point of view, as well as from the workplace
  • Companies commit to make every effort to ensure connectivity, network monitoring and operation capabilities, and speedy response to incidents, especially with regard to networks supporting emergency services.
  • The agreement recalls the importance of the responsible use of communication services so that the integrity of the networks is not put at risk

The third Vice President of the Government and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, today signed an agreement with the main telecommunications companies operating in Spain, by which they undertake to make the greatest efforts to guarantee connectivity, capabilities operation and supervision of networks and speed of response to incidents, especially with regard to networks that support emergency services.

The agreement has been signed, in addition to the third vice president of the Government, by the CEO of Cellnex Telecom, Tobías Martínez; the CEO of Euskaltel, José Miguel García; MasMovil CEO, Meinrad Spenger; the CEO of Orange Spain, Laurent Paillassot; the president of Telefónica Spain, Emilio Gayo; the CEO of Vodafone Spain, Antonio Coimbra; and the president of the National Association of Telecommunications and Internet Services Operators (AOTEC), Antonio García, in an event developed by videoconference in which the Secretary of State for Telecommunications and Digital Infrastructures, Roberto Sánchez, has also participated.

During the meeting, the third vice-president of the Government conveyed her gratitude to the telecommunications companies for their responsibility, as well as to all the workers who every day strive to reinforce, supervise and maintain the quality of telecommunications in this health emergency situation. .

Through this agreement, the signatory telecommunications operators express their commitment to society in these moments of special difficulty in which connectivity is a fundamental element for citizens, both from a personal, social and labor point of view. In this way, companies acquire additional commitments to the guarantees of maintenance of the connectivity service included in Royal Decree-Law 8/2020, of March 17, on extraordinary urgent measures to face the economic and social impact of COVID- 19.

According to the agreement signed today, during the period of the alarm state, the calls made to the health care number 061 will be free for the client and also free in interconnection for the operators, each assuming their own network costs.

In addition, operators undertake to develop special measures to expand, at no additional cost to the user, services associated with mobile phone connectivity contracts for private, self-employed and small business customers, always subject to proper use of the service since the general provision of the service is not put at risk.

They also undertake to keep customer service channels active, enrich the audiovisual packages they offer their users with additional content, and contribute to the measures developed by the Administration to promote distance work, distance learning and health care. remote.

The agreement also recalls the importance of promoting the responsible use of communication services so that the integrity of networks is not put at risk, in particular, the application of legal measures against illegal traffic and irregular traffic for fraudulent purposes. in electronic communications.



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In these days of uncertainty and alert, from CEOE we want to thank the work that Public Health is developing at all levels to ensure the health of citizens in the face of this unprecedented crisis.

In this same sense, we also want to value the role that private health and social entrepreneurship are playing to combat the COVID-19 pandemic, as well as their constant commitment and collaboration to work side by side with the National Health System.

At this time, the common goal should be to focus attention on working together for the health of people. For this reason, the businessmen insist on joining our forces with those of the public sector to overcome these difficult moments. As we have been saying for days this health crisis, which is becoming economic, does not respond to borders or ideologies.

What can we do?

Currently, the Private Health Service cares for more than 1,000 hospitalized patients, approximately 100 of them in Intensive Care Units, after having registered more than 2,000 positive cases by COVID-19 test. These companies work hand in hand with each public health body of the Autonomous Communities, in full coordination and at the disposal of their indications, with material and human resources.

Private Health also collaborates permanently in crisis management with Public Health, deprogramming its ordinary activity, focusing on a single collective objective.

For all this, CEOE and ASPE pride themselves on the massive applause from the balconies every day, because they feel that they are fair and their own, since all the toilets deserve respect, support and kindness.

At the service of citizens

In the face of this crisis, we want to transmit a message of encouragement to society, to the affected patients and to the doctors, health workers and workers, who are all struggling with their skin left out and trying hard to help the victims of this crisis.

For Antonio Garamendi, President of CEOE, "this is a moment that requires a high-mindedness, a sense of State, unity in the efforts and determination necessary for each step we take to do so with the collective in mind."

For his part, Carlos Rus, president of ASPE, insists that "private healthcare is prepared, committed and responsible for its role in this fight, for what may come in the near future." "I am absolutely convinced that we will only succeed together," he says.



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Given the economic and social impact caused by the COVID-19 epidemic, the Government has approved two packages of urgent economic measures to protect families, workers, self-employed workers and companies; minimize the impact on the economy to facilitate a quick recovery once the health emergency is overcome, and strengthen the fight against the disease. Previously, the Government approved in the Council of Ministers on March 10, measures aimed at guaranteeing public health.

The first plan was approved in the Council of Ministers on March 12 and involves the mobilization of more than 18,000 million euros. The measures were articulated by means of a Royal Decree-Law that specifically includes actions to strengthen the health sector, protect the well-being of families and provide liquid support to affected companies, particularly the tourism sector and SMEs.

On March 17, the Council of Ministers approved a Royal Decree-Law that includes measures aimed at supporting families; help workers and self-employed workers whose income is reduced; support companies with liquidity and flexibility to preserve employment, and strengthen the fight against disease. These measures make it possible to mobilize up to 200,000 million euros of credits, with public guarantees of up to 100,000 million and an estimate of public spending of around 5,000 million euros.

MEASURES APPROVED IN THE COUNCIL OF MINISTERS OF MARCH 12, 2020

The Government approved in the Council of Ministers on March 12, 2020 a first plan of exceptional measures in the economic field to mitigate the impact of COVID-19 that will allow mobilizing up to 18,000 million euros this year. These measures are in addition to those adopted in health and labor coverage at the Council of Ministers on March 10.

Measures to strengthen the health system

  • Resources of the Ministry of Health are reinforced by 1,000 million euros through the contingency fund to meet the extraordinary expenses that are generated, so that it can adequately meet the health needs.
  • Advance of 2,800 million euros of payments on account to the Autonomous Communities so that they can face immediate needs derived from this situation in their health systems.
  • The Government is empowered to regulate the prices of some products necessary for the protection of health and, in the event of an exceptional situation, the Interministerial Commission on Drug Prices may set the maximum amount of sale to the public of certain drugs and products.

Support measures for families

  • Endowment of 25 million euros of resources to the Autonomous Communities for, through scholarships-dining room, guarantee the basic right to food for vulnerable boys and girls affected by the closure of schools.
  • Administrations are enabled affected by reinforced containment measures to modify the school calendar so that they can flexibly organize the development of the course.
  • The personnel at the service of the Public Administration framed in the special regime of administrative mutualism that is in a situation of preventive isolation, as well as those who have been infected with the virus, will be considered in Temporary Disability assimilated to the sick leave due to Work Accident (in line with what was approved on March 10 for private sector workers)

Support measures for the business sector

  • Flexibility of tax payment deferrals for a period of six months, upon request, with a discount on interest rates.
  • A specific financing line through the Official Credit Institute for an amount of 400 million euros to meet the liquidity needs of companies and self-employed workers in the tourism sector, as well as related activities that are being affected by the current situation.
  • The Business who have received loans from the General Secretariat for Industry and Small and Medium Enterprises can postpone your refund.
  • Bonuses to Social Security are extended for discontinuous fixed contracts that are carried out between the months of February and June in the tourism, commerce and hospitality sectors linked to the tourist activity.
  • No application of the rule that regulates the use of slots for the next seasons. This exemption would allow airlines not to be penalized in the future for having reduced their flights in the current circumstances.

Efficient management of Public Administrations

  • The procedure for contracting all kinds of goods or services that are necessary is streamlined.
  • The Ministry of Finance is empowered to make transfers between the different budgetary sections in order to reinforce the financing of health policy by the State.

MEASURES APPROVED IN THE COUNCIL OF MINISTERS OF MARCH 17, 2020

The Government approved in the Council of Ministers of March 17, 2020 a Royal Decree-Law with measures aimed at supporting families; help workers and self-employed workers whose income is reduced; support companies with liquidity and flexibility to preserve employment, and strengthen the fight against disease, with an amount with a global amount of public guarantees for liquidity of up to 100,000 million euros, which will involve a mobilization of resources of up to 200,000 million euros, and with an expense of 5,000 million.

Measures to guarantee liquidity and stability of companies

With the aim that freelancers, SMEs and companies can cope with the drop in income derived from the reduction of their activity, a series of measures are enabled to facilitate liquidity, as well as others aimed at giving companies flexibility in the face of current situation:

  • The state, through the ICO, will grant guarantees of up to 100,000 million euros to facilitate the granting of loans to companies and the self-employed that they need it to cover their currency, payment of bills or other concepts, thus allowing its operation and protecting activity and employment.
  • I know authorizes the creation of an insurance coverage line on behalf of the State through CESCE for an amount of up to 2,000 million euros for working capital financing operations.
  • I know extends the ICO debt limit by 10,000 million euros in order that it can increase the existing lines of financing for freelancers and companies.
  • In general, the answer period to the requirements and other procedures of the Tax Agency is extended.
  • The suspension of public contracts is regulated whose execution is affected by COVID-19.
  • Measures are included to ensure that mercantile companies adapt their activity to the current circumstances, introducing flexibility for the development of meetings of governing bodies, formulation of accounts, holding of shareholders' meetings or deadlines for the presentation of registry documents. Likewise, the deadlines for an insolvent debtor to request the bankruptcy are relaxed.

Measures to make the economy more flexible, preserve employment and support workers

The relief and flexibility measures for companies included in the Royal Decree-Law are aimed at solving possible temporary liquidity tensions and favoring the maintenance of employment. For this, the following provisions are articulated:

  • In order to facilitate the temporary employment adjustment procedures (ERTEs), the procedure is simplified without involving a decrease in guarantees and legal certainty.
  • I know the conditions of access to benefits by workers are extended and exemptions are expected in social contributions of companies conditioned to the preservation of employment in the case of Temporary Employment Regulation Files due to force majeure derived from the effects of COVID-19.
    • Workers in ERTE who do not meet unemployment requirements will receive the unemployment benefit
    • Workers with ERTE and with the right to unemployment will not consume the benefit during this period in case of later dismissal.
  • I know approves an extraordinary benefit for cessation of activity for the self-employed.
  • I know they make the conditions more flexible to favor conciliation and off-site work, in the case of childcare, the elderly or dependent persons, defining the situations that justify the absence of the job and facilitating the right to the adaptation of the day as a less adverse mechanism for both the worker and the company itself.
  • I know makes it easier for companies to enable remote work.
  • I know They have various support measures for SMEs to promote their adaptation to the digital environment through the Acelera program, endowed with 250 million euros, aimed at aid for R & D & I, and to finance investment in the acquisition of equipment or non-contact work solutions.

Support measures for vulnerable families and groups

The direct support measures for the most vulnerable groups are one of the main axes on which this Royal Decree Law is articulated. With this objective, the following measures have been adopted:

  • A moratorium of one month in the payment of mortgage loans for vulnerable groups.
  • I know provides the right to receive unemployment benefits in cases of semi-annual renewal without the need to submit a renewal application. In the same way, even if the mandatory income statement is not presented, that of the subsidy for people over 52 will be maintained.
  • I know creates a state program financed with 300 million euros to guarantee home care for dependent people.
  • Protected subjects are expanded in the field of light, gas and water supply, and cutting them is impossible for consumers who have vulnerable status. Guarantees of non-interruption of telecommunications services are also established.
  • The term of validity of the electric social bond will be automatically extended until September 15, 2020 to prevent beneficiaries from receiving the discounts and benefits provided in the regulations.
  • I know suspends the review for the next six months of maximum retail prices for liquefied petroleum gases packaged to avoid rising prices.
  • The period established by law for the return of goods is suspended.
  • Local Corporations are allowed to use 300 million euros of the 2019 surplus to finance investment expenses in the area of ​​social services and social promotion.

Measures to support research on COVID-19

The research support measures aim to promote knowledge about the disease for the development of drugs and vaccines that help contain the impact of future outbreaks. To this end, the following measures have been taken:

  • In the budgetary area, the limits and requirements established in the application criteria of the extension for 2020 of the General State Budgets in force in the year 2019, will not apply to the spending files necessary for the management of the health emergency caused by the COVID-19.
  • Extraordinary credits are authorized to provide the Higher Council for Scientific Research and the Carlos III Health Institute of the precise resources to face the scientific and research challenges derived from the current health emergency.

Other measures

  • I know enables the Government to control the taking of significant shares in companies in strategic sectors.
  • I know streamline customs procedures for import and export in the industrial sector for six months.
  • I know They will grant guarantees to facilitate the lengthening of the terms of repayment of loans granted to farms to cope with the drought of 2017.
  • I know extends the validity of the National Identity Document for one year of those holders of a DNI that expires from the entry into force of the alarm state.

The extraordinary measures included in this Royal Decree-Law will be in force generally for one month, with the possibility of extension after evaluating the situation.

ANNEXED

March 10, 2020, the Government adopted Royal Decree Law 6/2020 to provide that the situation of People forced to stay at home for health reasons are considered temporary disability due to an occupational accident. Thus, people in preventive isolation and those who have been infected with the virus are considered Temporary Disability assimilated to sick leave due to Work Accident.

This improves performance for both isolated and coronavirus-infected individuals, since 75% of the regulatory base charged to the Administration starts to be received from the day following the sick leave. The objective is to make it easier for citizens to follow the instructions of the health authorities proposed for public health reasons, so that the cost does not fall on families and companies.



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While waiting to carry out a more complete and calm assessment of the package of measures approved by the Council of Ministers at its meeting on Tuesday to continue fighting the effects of COVID-19, at CEOE and CEPYME we positively value that the Government considers both safeguard the health of citizens such as sustaining business activity and financing chains.

We see positive that this important battery of economic measures, especially public guarantees, has been deployed, waiting for the details regarding the percentages and guarantees to be finalized and trusting that they are in line with those announced in countries such as Germany and Italy .

From CEOE and CEPYME we believe that these measures will be useful so that the credit flow can continue reaching companies and we hope that they will help preserve employment at the same time.

Also in that wait, within the labor sphere, we welcome the streamlining of temporary regulatory files (ERTEs) and the suspension of contributions, although it is not possible to make a more exhaustive assessment without having the document that allows us to know the final detail of the proposed measures, which we understand should be in line with the agreement reached by the social partners CEOE, CEPYME, UGT and CCOO last Thursday.

Reiterating our support and collaboration at all times from the business sphere to society as a whole, we share that it must be a temporary crisis and that it will be necessary to continue implementing new measures in the coming days depending on the new needs in order to set the channels necessary to return to normality as soon as possible.



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