Yesterday, the President of the Government, Pedro Sánchez, announced an ambitious package of measures to alleviate the effects of the Russian invasion of Ukraine on the Spanish economy. In a ‘Generation of opportunities’ forum organized by Europa Press and Mckinsey, Sánchez estimated the cost of the plan at 16 billion euros. Its measures include the temporary limitation of rental home price rises.
The Council of Ministers will approve this plan today. Of the total forecast cost of 16 billion euros, 6 billion euros will correspond to direct aid and tax reductions, whilst the remaining 10 billion euros will be used to promote ICO loans.
Read the full article in Spanish.
