MADRID (Reuters) – Spain must pass tougher labor and pension laws to foster economic recovery, the head of the Spanish employers’ federation said on Wednesday, calling the reforms essential for the country to recover it pre-crisis wealth.
In an interview with Reuters, Joan Rosell, the president of Spain’s Confederation of Employers’ Organizations, said the government should not rest on its laurels after the Spanish economy expanded in the third quarter for the first time in two years. The government hopes to achieve stronger growth in the last three months of 2013 and in 2014.
MADRID (Reuters) – Spain’s main cable operator Ono is considering an initial public offering for some of its shares in the first half of 2014, two sources with knowledge of the matter said, a move which could speed up consolidation in the pressured Spanish telecom sector.
While the sources noted that no final decision had yet been made on whether to partially list the company, they said Ono’s management was keen to take advantage of renewed interest in Spanish assets from foreign investors and of a slight uptick in the country’s economic performance to move ahead with the plan.