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Doczy: 10 Mar 2024
Posty: 1
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 Wysany: Nie Mar 10, 2024 07:17 Temat postu: Endesa's situation in Argentina is unsustainable: it has |
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Borja Prado has met with Kirchner to demand an urgent increase in rates in the country Endesa has demanded from the Government of Cristina Fernndez de Kirchner an immediate increase in rates in the country. And the situation of Edesur, the subsidiary of the Spanish electricity company in Argentina, is totally unsustainable economically. The president of the company, Borja Prado, and the CEO, Andrea Brentan, have recently met in Buenos Aires with the Argentine president's team to bring closer positions on this point. has learned from sources close to the talks, the representatives of the Kirchner Government who have met with the top managers of Endesa have shown their willingness to negotiate this matter with the Spanish electricity company.
According to the sources consulted, Borja Prado has personally conveyed to the Argentine authorities his firm commitment to the country with the argument that last year the electricity company made the largest investment effort in its history in the area. However, the chief executive of Endesa is also trying to make Cristina Fernndez de Kirchner 's team see , with the figures in hand, that they cannot continue investing if there is no rate increase to compensate for these UK Mobile Number List investments. Rates that have been frozen for a decade now . Unsustainable situation Edesur has tripled its losses in the first quarter of this year. The distributor showed net losses of almost 25 million euros, 278% more than in the same period of . The impact of Edesur is very insignificant for Endesa 's global accounts , since Argentina represents a minimum percentage of its business, and the electricity company also has sufficient provisions to discount the effect of Edesur in its numbers, in the event of the company's closure.
.Criticism of the economy La Moncloa has drawn attention, in addition to the long battery of measures that Brussels demands of Spain, to some criticisms of the Spanish economy included in a veiled manner in the justification of the measures to be taken . Thus, “the space that the European Commission has dedicated to comparing our VAT collection with that of the rest of the member countries is significant.” Also surprising, in reference to the VAT deduction for housing , is the statement that this policy “ has caused the real estate bubble in Spain .” Finally, the government sources consulted highlight that Europe is once again attacking the Spanish autonomous system, ensuring that " the fragmentation of the single market in our country prevents greater productivity and investment ." They agree in highlighting that the provisions made by Goirigolzarri are not only a sample of foresight and prudence to improve the solvency of 'their' bank, but also have the objective of showing the path that the rest of the financial entities will have to follow in the coming years.
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