Spain · Country watch
EU Cuts Chinese Supplier Timeline, Housing Delays
The EU shortens the timeline for expelling Chinese suppliers, impacting tech firms, while housing construction faces delays in Spain.
In this briefing Pedro Sánchez · European Parliament · European Commission · Spanish construction sector · Emmanuel Macron · France · European Union
Regulation
EU cuts Chinese supplier expulsion timeline to 2 years
The European Parliament has reduced the timeline for EU companies to expel Chinese suppliers from 36 months to two years, according to Invertia.com. The European Commission initially proposed a three-year period, but the decision was made to expedite the process. Spain had advocated for extending the timeline to four years. The move is seen as a response to growing concerns over dependency on Chinese technology providers. The European Socialist Party, which includes Spain's ruling PSOE, did not support the Spanish government's stance.
Impact EU technology and manufacturing firms must adjust supply chains within two years, affecting procurement strategies.
Sources: Invertia.com ↗
Spanish housing licenses face fourfold delay
Spain's legal timeframe for granting housing licenses has quadrupled, significantly impacting the construction sector, Invertia.com reports. The prolonged process adds an estimated €13,000 to the cost of each new home. The construction sector estimates that 250,000 new homes need to be built annually to meet demand. The delays are attributed to bureaucratic hurdles and frequent regulatory changes, which have been a persistent issue for two decades.
Impact Real estate developers and construction firms face increased costs and delays, affecting housing supply and pricing.
Sources: Invertia.com ↗
Safety & health
France boosts security after Russian-linked incidents
French President Emmanuel Macron has ordered heightened protection for critical infrastructure following a series of incidents attributed to Russia, El País reports. These incidents have occurred over the past six weeks and have approached the borders of the European Union. The measures aim to safeguard essential services and facilities amid growing security concerns.
Impact Public-sector and defence operators in Spain may review security protocols in response to regional threats.
Sources: El País ↗
Nothing significant reported today in Disruption · Internal tension · Companies · Markets · Trade · Politics.
Also today in the local press
- Dinamarca y Groenlandia celebran un acuerdo con Estados Unidos lleno de incógnitas — El País
- Vacaciones Santillana: popurrí de lo último que hemos visto en verano — Libertad Digital
- La regulación y la reputación frenan las expectativas de la 'carrera a contrarreloj' de Revolut para su salida a bolsa — Invertia.com
Sources in this briefing
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