Mallorca: Balearic firms demand faster €125m aid
In Palma, Mallorca, business leader Carmen Planas warns that rising energy and fuel costs are pushing inflation close to 5%. She welcomes a new €125 million aid package for Balearic firms, but wants the money to reach them faster.
Planas spoke on Monday after the Balearic government met business groups and unions to examine the impact of the conflict in the Middle East. She heads the Confederation of Business Associations of the Balearic Islands (CAEB) and expects the new funding to provide cover until the first half of 2027. She says measures from Spain’s central government remain insufficient amid uncertainty over the conflict.
The wait for earlier aid is her concern. Planas says administrative hurdles delayed payments from the first €160 million package, and has called for less red tape. She also criticised the central government’s rise in the statutory minimum wage, saying it went ahead without proper social dialogue. Businesses on the islands already pay collectively agreed wages above the Spanish average, she said.
Source: Europa Press / Mallorca.com