The Secretary General of the Spain-United States Council Foundation meets with the Spain-US Working Group


As a continuation of the reflection sessions on bilateral business relations with the United States, the Spain-US Working Group met again on December 16.

After the meetings held with the General Director of Economic Diplomacy, as well as with the General Director of Trade Policy and the General Director of International Trade and Investments, on this occasion there was the General Secretary of the Spain-United States Council Foundation, Manuel María Lejarreta Lobo.

The meeting represented a great opportunity to learn more about bilateral relations from economic, political and cultural perspectives.



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CEOE Internacional participates in the presentation of the Interchina Consulting 2021 economic and business perspectives report


The President of CEOE Internacional, Marta Blanco, spoke and moderated the presentation of the report prepared by Interchina Consulting on economic and business prospects for China in 2021.

Marta Blanco has highlighted how many of the trends that are analyzed in the report, especially decoupling and alignment, had been studied since before Covid-19 appeared, and how the pandemic has accelerated and evidenced them.

This annual report, which was presented by Eduardo Morcillo, Interchina's managing partner and also with the participation of Interchina's president, Jan Borgonjon, is based on the results of a recent survey with more than 200 senior executives and the experience of more than 15 years of experience in its preparation.

On this occasion, they have focused on analyzing three trends: the growing impact of government policies on the business environment; the most drastic and urgent approach to "going local" in China; and the emergence of disruptive and explosively growing Chinese companies in a wide range of industries.

For more information, you can access the following presentation.



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CEOE Internacional chairs the follow-up meeting of the Development Cooperation Council


The president of CEOE Internacional, Marta Blanco, has participated, as acting president of the Follow-up Commission of the Development Cooperation Council, in the meeting held on December 11, in which the main points were addressed: debate and approval of the Opinion of the Report on Multilateral Policy 2018; the order of business for the Plenary Meeting of the Cooperation Council on December 18; and the Work Plans of the 2030 Agenda and Humanitarian Action Work Groups, as well as capacities and resources, which will link to one of the humanitarian action work points.

Likewise, the General Directorate of Sustainable Development Policies reported on the closure of the 2019 ODA monitoring report. This Commission is the last of this year 2020, proceeding to the replacement in the turn of the presidency in the CRUE and vice presidency of the CONGDE.



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European entrepreneurs ask the EU to urgently implement the recovery plan


CEOE, together with business organizations from Germany, Italy, France and Poland, have sent a letter to the president of the European Commission, Ursula von der Leyen; the President of the European Council, Charles Michel; and to the President of the European Parliament, David Sassoli, to ask EU leaders to overcome their differences and give the final green light to the European budgets for 2021-2027, in order to release aid for the reconstruction of the economy as soon as possible European Union after the Covid-19 crisis.

In the letter, the businessmen of the five major European employers state that “Europe urgently needs a recovery plan that generates growth, and its main instruments, the Multiannual Financial Framework and the European Recovery Plan, are more important than ever, and must be operational without further delay ”.

The letter is signed by the CEOE presidents, Antonio Garamendi; from the German Federation of Industry (BDI), Dieter Kempf; from the Italian Cofindustria, Carlo Bonomi; of the French Medef, Geoffroy Roux de Bézieux; and from the Polish Lewiatan, Maciej Wituck.



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The president of the Junta de Castilla y León offers entrepreneurs to participate in the development of projects to compete for European funds


The president of the Junta de Castilla y León, Alfonso Fernández Mañueco, held a meeting this Monday with the president of the Spanish Confederation of Business Organizations (CEOE), Antonio Garamendi, in which they both agreed on the importance of the funds Next Generation Europeans are oriented to the demographic challenge “with an objective and transparent distribution”. For this, the head of the regional executive has insisted on the importance of having the participation of society, especially businessmen, in the development of projects with which to compete for this financing.

Along these lines, Fernández Mañueco explained to the president of the employer that the Junta de Castilla y León has set up an Autonomous Office for the Coordination of European Funds, as well as another with the communities of Aragón and Castilla La Macha to join forces through initiatives joint At the meeting, he specified that the regional government already has a document with 71 strategic Recovery and Resilience initiatives.

During the meeting, the councilors of Economy and Finance, and of Employment and Industry, Carlos Fernández Carriedo and Ana Carlota Amigo, respectively, as well as the president of the CEOE Foundation, Fátima Báñez, and the president of CECALE, were also present. , Santiago Aparicio, the president of Castilla y León has insisted on the opposition of his Government to the increase in taxes for which the Government of Spain is betting in its General State Budgets through sugary drinks and with the end of the moratorium of the registration tax. Fernández Mañueco has defended that any fiscal harmonization must be downwards and has stressed the need for a new model of regional financing for which there must previously be a multilateral negotiation with the communities and that takes into account the demographic challenge.

Regarding the labor reform, the head of the regional executive has made it clear that this is not the time and that, if it occurs, it must be through an agreement of social dialogue and with the approval of the employers, never by imposition.

Budgets 2021

Fernández Mañueco has informed Garamendi of the General Budgets project of the Community for 2021, which reaches a historical figure of 12,291 million euros. He insisted that the Board will fulfill its commitment next year not to raise taxes on families, SMEs and the self-employed, and on the incentives that it will offer to companies through direct aid worth 123 million euros, as well as 32 million. of financial support, 15 for industrial land and another 1,150 million in guarantees. With the objective of boosting the labor market, the budgets will allocate 345 million to employment policies and another 296 to support science and technology.

The president of the Board has assured at the meeting that the economic objectives of 2021 go through minimizing the impact of the economic crisis on GDP and employment, as well as improving the positioning of Castilla y León for when the recovery occurs.

On the other hand, he recalled that since January the regional government has closed three agreements within the framework of Social Dialogue. Of these, two, in March and November, associated with the pandemic, generating liquidity and credit lines for 648 million euros for the self-employed and SMEs, direct aid for 70 million euros for workers, the self-employed and SMEs from different sectors, and with a request to the Government of Spain for a Shock Plan for Hospitality and Tourism in which the state, regional and local administrations participate according to their share of public spending.

Finally, Fernández Mañueco and Garamendi have agreed that the Junta de Castilla y León collaborate with the CEOE and CECALE in terms of information and coordination in actions to fight against the consequences of the pandemic.



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CEOE estimates that inflation will continue to register negative rates in the coming months


In the month of November, the interannual rate of the Consumer Price Index (CPI) remained at -0.8%, accumulating eight months in negative. Inflation maintains a notable rate of decline, due to the decrease in the prices of energy products and the deceleration of the underlying.

Core inflation continues its deceleration path and stands at 0.2%, one tenth less than the previous month. Analyzing its components, it is observed that they remain at very low or practically zero rates. Thus, the prices of services maintained their variation at 0.1%, the prices of industrial goods without energy products maintained their rate of variation at 0.0%, and processed foods, beverages and tobacco decreased two tenths its interannual variation up to 0.8%.

The prices of unprocessed foods also show a more moderate growth, reducing their rate of variation by more than two percentage points to 2.0%, although they continue to be the most inflationary component of the basket, with the most intense increases being concentrated in the fresh heading, sheep meat and legumes and vegetables.

Energy prices in November slightly decreased their rate of decline. Specifically, the interannual rate in this month of the prices of energy products was -9.5%, compared to -11.1% the previous month and this trend of lessening of the fall is expected to continue in the coming months due to the increase in oil prices. In this sense, the price of Brent oil, after the agreement reached by OPEC + recently, which represents an additional cut in the supply of crude compared to the agreement reached last spring, has been close to 50 dollars / barrel and has been expects it to continue at those levels.

In December, if it remains at that price, the fall in year-on-year terms would still be -27.6%, so that energy will continue to push inflation down, although with less intensity than in previous months.

The Harmonized Consumer Price Index increased one tenth in November, to -0‑.8%, and the average index for the Economic and Monetary Union remained at ‑0.3%, according to the Eurostat advanced indicator. Thus, the negative differential with the euro zone stands at five tenths and has now lasted for two years.

Looking ahead to the coming months, inflation will decrease its fall and will return to positive rates in the first months of 2021, although it will be conditioned by the behavior of oil prices and the fall in demand for some goods and services derived from the coronavirus crisis. In the year 2020 as a whole, the average rate of the CPI will be slightly negative (-0.3%) and in 2021 a growth of around 1.0% is expected.

In this context of weak demand, final prices continue to fall at the same time that companies must continue to assume increases in production costs, so their margins are being sharply reduced.



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The President of CEOE Internacional participates in the annual meeting of the MENA-OECD Business Advisory Board (BAB)


On Thursday, December 10, the President of CEOE Internacional, Marta Blanco, participated in the annual meeting of the MENA-OECD Business Advisory Board. This meeting fundamentally addressed the role of the private sector in supporting governments' responses to the crisis, as well as the importance of Public-Private Dialogue for the recovery and resilience of the MENA region. The results of the debate will help define the role of the BAB in the new mandate of the MENA-OECD Initiative on Governance and Competitiveness for Development, for the period 2021-2025.

This event was attended by representatives of the companies and institutions of the region, among which the presence of CEOE and UTICA, co-presidents of the BAB, stands out. The conference was opened and closed by Marta Blanco, Hichem Elloumi, Vice President of UTICA, and Carlos Conde, Head of Division, Middle East and Africa, Global Relations Secretariat, OECD.

Intervention by the President of CEOE Internacional

In her speech, Marta Blanco stressed the importance of public-private dialogue, as well as the need for a joint effort necessary for recovery. In addition, he presented the results of a recent survey among Spanish companies with international activity. The companies agree that international activity has significantly reduced in 2020 and is not expected to recover until 2022.

The business areas with the greatest impact for Spanish companies are international demand, promotional activities, mobility and, to a lesser extent, the breakdown of value chains. Companies also consider that the crisis is affecting more their

domestic activity and that, in any case, are looking for new opportunities in international markets despite the difficulties.

He also pointed out the importance of the challenges in the current environment of uncertainty, among which the following stand out:

  • Greater competition in international markets
  • New habits and consumer preferences
  • The digital transformation of the industry, especially of SMEs
  • Increased protectionism
  • Include sustainability in business development
  • Increase the resilience of business models

Finally, he highlighted the main demands of Spanish companies in the field of internationalization, which have to do primarily with fiscal policy, financial support for exports, the elimination of administrative obstacles and support for R & D & i.

The debate between the organizations and governments present was very dynamic and on the specific point of public-private dialogue, CEOE highlighted the importance of social dialogue, always but especially now to overcome the crisis.

The day before, December 9, a specific session dedicated to tourism took place, in which CEOE was also invited to participate. The president of the CEOE Tourism Council took the opportunity to highlight the systemic importance of tourism in the economy of Spain and the need to preserve its value chain to overcome the crisis generated by the pandemic, for which aid in the short term. He also underlined that it is essential to face the challenges related to digitization and sustainability, to which we must add a third one, which is safe mobility.



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CEOE and Ibercaja will promote innovation in 20 large companies, 150 SMEs and 500 businesses in Spain through the More Company Ecosystem


Through this agreement, CEOE joins Más Empresa as a 'partner', which already has 46 partners and more than 7,300 users, for the development of two joint calls for open innovation challenges, the launch of an exclusive online program on the new business development axes and the dissemination of digital training content aimed at adapting small businesses to the new reality

The agreement signed between the Spanish Confederation of Business Organizations (CEOE) and Ibercaja seeks to promote innovation and transformation in the Spanish productive fabric through different initiatives promoted within the framework of the More Company Ecosystem of the bank.

The agreement, which has been signed virtually by the president of Ibercaja, José Luis Aguirre, and by the CEOE, Antonio Garamendi, is part of the line of collaboration maintained in recent years between both institutions for the organization of activities that reinforce the competitiveness of companies and promote their development in the medium and long term.

As José Luis Aguirre has stated, “at Ibercaja, we accompany our clients, in addition to our financial services, through different value-added services, such as this ecosystem, which makes innovation solutions available to companies, strategy or transformation that we understand are necessary to boost its activity ”.

For his part, Antonio Garamendi has praised this Ibercaja initiative, “which is more necessary than ever”, while stressing that, for CEOE, it is “important to join a project that addresses the challenges in terms of transformation and innovation for the Spanish company in a holistic way and that, in addition, contributes to make visible cases of good practices ”.

Likewise, it has valued positively that the More Company Ecosystem is aimed at companies of all types and sizes, "as a faithful reflection of the diversity of the productive fabric of our country".

Among the points of the agreement, which involves the incorporation of CEOE as a ‘partner’ of the More Company Ecosystem, highlights the launch of two joint calls for open innovation challenges (‘open innovation’) from the existing platform in More Company (https://ecosistemamasempresa.ibercaja.es/actividades/retos-de-open-innovation ).

Through these calls, 20 large Spanish companies will be able to incorporate new external entrepreneurial talent, which will participate in solving the organizational or business challenges they face.

A new and exclusive program of conferences and online activities will also be launched so that 150 SMEs can deepen, understand and share the impact of the six key axes for the future of companies (innovation, digitization, entrepreneurship, cultural transformation, diversity and sustainability), as well as sharing their knowledge and experiences.

This collaboration agreement is also aimed at one of the groups most affected by the impact of Covid-19, the commercial distribution sector. In this case, 12 hours of specific digital content will be made available to 500 businesses and small businesses to help them adapt to the new environment.

In particular, the usefulness of digital channels to increase business sales, the keys to improving economic management and the transformation of commerce towards omnichannel without losing its identity will be discussed, among others.

Open innovation challenges platform

One of the main lines of this collaboration agreement is based on the call for open innovation challenges. Companies pose different needs for solutions, with the aim of seeking external talent in startups, SMEs and micro-SMEs, to activate innovation within their organizations through collaboration, incentivized with rewards.

Companies associated with CEOE and the Spanish Confederation of Young Entrepreneurs Associations (CEAJE) will now have access to this program in order to amplify its dissemination and promote collaboration and integration of business projects through the challenge program provided for in this agreement.

Since its creation, 14 companies have participated with 18 proposed challenges, to which 34 startups have applied so far.

In addition, through this framework, companies associated with CEOE will also be able to join Más Empresa and access events such as #TendUP, where they will be able to learn about the most disruptive business trends in the market, exposed by startups and scaleups that have been capable of realizing them in real business models.

The More Company Ecosystem is a project promoted by Ibercaja and Fundación Ibercaja which, in its two years of operation, has 46 partners, more than 7,300 users and has organized more than 130 activities, with the participation of more than 5,900 businessmen, executives and professionals.



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VII Business Summit of the Pacific Alliance: "The crisis as an opportunity"


The permanent secretary of CEIB and general director of CEOE Internacional, Narciso Casado, participated in the VII Business Summit of the Pacific Alliance “The crisis as an opportunity”, held virtually, and in which various proposals were presented to governments to regional economic reactivation. At the meeting, organized by the Business Council of the Pacific Alliance (CEAP, which groups together the business associations of Colombia, Mexico, Chile and Peru), the instrument "Commitment and Business Report, which seeks to promote the evolution of the companies at the regional level in four pillars: Covid-19, Labor, Economy and Competitiveness, and Environment and Social.

Prior to the celebration of the Forum, the CEOE International CEO, Narciso Casado, conveyed to the Summit organizers (SOFOFA, Chile) the importance of the 59 observer countries and their business organizations in the future of the Alliance. It also became known. that the president of Nutresa and of the Colombia chapter of CEAP, Carlos Gallego, will assume the pro tempore presidency of the Council, following the mandate of Bernardo Larraín, also president of the Sociedad de Fomento Fabril de Chile (SOFOFA).

Casado advocated that CEOE exercise the leadership that it maintained in the past, in order to continue working from the organizations of the 59 observer countries on issues of general interest for the development and proper functioning of this regional integration process.

I Forum of the Pacific Alliance in CEOE

In this sense, Casado recalled the organization in CEOE in October of last year of the 1st Pacific Alliance Forum, under the slogan "The future of the Pacific Alliance: Vision on SMEs in member and observer countries and their business organizations" , and attended by more than 40 representatives of the organizations of the observer countries. "We consider it essential to give continuity to these important meetings and to work on the development of future events that serve to share the vision of the member countries and observers on issues that affect world trade and investment," he said.

VII Business Summit of the Pacific Alliance

Under the slogan “The crisis as an opportunity”, this Summit focused on addressing the business actions necessary for a recovery with adaptability; in the presentation of the Commitment and Business Report of the AP: Towards a culture of business evolution; in public policy proposals for recovery; and in the insertion of Latin America in the reconfiguration of global trade in a polarized world.

Leading authorities, economists, lawyers and representatives of business organizations and companies from the PA member countries (Chile, Colombia, Mexico and Peru) spoke at the Summit. It is worth highlighting the participation of the Minister of Foreign Relations of Chile, Andrés Allamand; the president pro tempore of CEAP, Bernardo Larraín; The president of CONFIEP and the Peru chapter of CEAP, María Isabel León; the president of ANDI, Bruce Mac Master; or the presidents of the Colombia chapter of CEAP, Carlos Ignacio Gallego and of the Mexico chapter and president of COMCE, Valentín Díaz Morodo; among others.

During the conference, the president pro tempore of CEAP and SOFOFA in Chile, Bernardo Larraín, assured that “never before have we experienced an environment as dynamic and unpredictable as the current one. Digital regulation and multiple social transformations generated by demographic, climatic, political and economic changes are challenging all public and private institutions, including companies, to adapt, survive and thrive in an environment of many changes ”. He also reported that a declaration will be delivered to the presidents of the CEAP member countries, with a view to transforming this crisis into an opportunity. A task that, in his opinion, "will depend on the commitment of all of us who make up this business ecosystem, so the invitation is to become active, commit ourselves to future challenges and to the destiny of our countries."

For her part, the president of CONFIEP (a Peruvian business organization member of CEIB) and of the Peru chapter of CEAP, María Isabel León, referred in detail to the content of the document "The Crisis as Opportunity", prepared with the participation of prominent business leaders of the Region, and that establishes three objectives: the need for an economic and social recovery that generates decent jobs and at the same time faces the challenges that the future holds for our economies, the importance of modernizing the institutional and regulatory frameworks of the States; and finally, deepen in business evolution. "Today we emphasize once again that the path to success of our countries depends on the development of our society as a whole, on achieving social and economic progress for all members of the Pacific Alliance" , he stressed.

In turn, the president of ANDI (a Colombian business organization member of CEIB), Bruce Mac Master, said that, in the face of post-pandemic challenges, we are facing a "labor revolution" that requires the greatest efforts to be in line with world trends. "We are really facing the great labor change, it is the great revolution, the next generations and centuries will remember these decades and perhaps this decade from '20 to '30, as the decade in which a great labor transformation took place", manifested.

New pro tempore presidency of CEAP

The Summit culminated with the ceremony of handover of the pro tempore presidency of CEAP to the president of Nutresa and the Colombian chapter of the Council, Carlos Gallego. Upon assuming office, he highlighted the great work done by Chile during his tenure and showed his commitment to continue the work agenda. “From Colombia we received that Varayoc, that baton of command of our ancestors, and we received the Pro Tempore Presidency, which is a temporary assignment that we see as a great responsibility, but also as a great opportunity. The alliance of our countries is an alliance that is sown in a land of opportunities ”, he explained.

"We will continue to be committed to that agenda, seeking to promote investment and trade, how to promote human capital, innovation and entrepreneurship, and how to achieve an accelerated, resilient and sustainable recovery in the four countries," Gallego concluded.



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CEOE participates in the event organized by the University of Deusto "Tourism in Spain: keys to its reactivation"


On Thursday, December 10, the President of CEOE, Antonio Garamendi, and the President of the Council of Tourism, Culture and Sports of CEOE, Marta Blanco, participated in the event organized by the University of Deusto “Tourism in Spain: keys to its reactivation ”. This meeting tried to address the reactivation of tourism, through a joint and solid response from the sector. To do this, the most relevant actors in the industry were invited, with the aim that they could present points of view and proposals on the subject.

This event was attended by representatives of leading companies in the sector such as Iberia, AENA, Barceló or Room Mate Group; representatives of associations such as IATA and ALA; and representatives of public administrations. Among the latter, stand out Manuel Muñiz, Secretary of State for Global Spain, Pilar Aparicio, General Director of Public Health, Quality and Innovation, Miguel Sanz, General Director of Turespaña, Raúl Medina, General Director of Civil Aviation and Isabel Oliver, Expert in tourism and biodiversity at the Office of the Secretary General of the World Tourism Organization.

Speech by the President of CEOE

Antonio Garamendi participated in the closing of the event. He highlighted the generation of Marca España from tourism and its importance in our economy. The great value that this activity provides is being frustrated by the current crisis, which has led to measures being taken that have a direct impact on its value chain and its jobs. It is the sector that is suffering the most. He also reminded the hospitality industry, which is going through a difficult time.

On the other hand, he pointed out that it has gone from a liquidity problem to a solvency problem. CEOE has initially worked with ERTES, ICOS and other financing channels. However, it is time to work on direct aid lines that ensure solvency.
Finally, he emphasized that safe mobility must be streamlined with measures such as the implementation of faster tests.

Speech by the President of the Council of Tourism, Culture and Sports of CEOE

In her speech, Marta Blanco underlined the systemic importance of tourism in the Spanish economy. 16% of exports of goods and services come from this sector. The tourism industry drove the way out of the financial crisis by correcting imbalances such as the current account deficit and it must once again be the protagonist in the recovery.

For this to happen, it is essential to preserve the tourist offer. Thus, when demand increases again, Spanish companies will be there to meet their needs. Help is needed to preserve the business fabric. In this regard, dialogue and public-private collaboration are necessary, only then will the appropriate measures be implemented.

On the other hand, the challenges of digitization, sustainability and safe mobility must be faced. On this last point, Spain must be avant-garde in its management. International coordination in this matter is essential, although national coordination must not be forgotten either.

Finally, he advocated an adjustment in the calculation of the tourism competitiveness indicators to adapt them to the new reality.

You can check the full day at this link.



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