New Market Study Published: Spain Power Report Q2 2013
Spain's economy continues to struggle, with full year real GDP estimated to have contracted by 2.1% in 2012, with a further contraction of 0.5% forecast for 2013. The tax on utilities, approved by the government in September 2012, has not been popular with the energy sector; Endesa and Iberdrola decided to close nuclear power station Garona seven months before its deadline, as a result. And cuts do not end here. Further reforms were introduced in February 2013, which will affect...
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