Streamlining procedures and removing red tape to start a business is the philosophy behind a new bill to support entrepreneurs, according to the notes from the president of the Spanish government, Mariano Rajoy. In the next few weeks a draft proposal is set to be released, with one of the biggest changes being the threshold of space occupation before a municipal license has to be applied to a business premises increasing from 300 to 500 square metres.
The creation of new companies in Spain in April reached its highest level in five years, with 9,389 new companies starting up, 42.2% over the same month last year. “Despite the increase in business creation and higher quality of entrepreneurship, given its more diversified over the years before the crisis, this is very positive data”, according to Javier Ramos-Juste, spokesperson for the economic research agency Axesor. Between January and April, there were 34,060 new companies in Spain, 10.45% more than the same period last year, but 38% less than in the first quarter of 2007, before the start of the crisis in the country.
In 2012, the food industry exported 36 billion euro worth of produce, making Spain the eighth largest exporter of food in the world, according to data released this week by the Minister of Agriculture and Food, Miguel Arias Cañete. The minister was presenting a strategic plan to further boost the export sector, with a project designed to improve administrative coordination between the different institutions, information and training, export support and facilitating the opening of new markets.
The DIY and household products chain Home Depot earned 954 million euro in the first quarter of its fiscal year, 18.5% more than a year ago. Clothing manufacturer Burberry suffered a 3.4% drop compared to last year, to 299.5 million euro and Retailers Marks & Spencer fell 9% to 555 million euro.
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