In our Spanish news to start a new week, we have a drug-gang-supplying arms network shut down, stabbing suspect appears in court, and business representatives raise concerns illegally late invoice payments.
Plus, all eyes will be on Europe for the preliminary consumer confidence index reading.
Monday is a
local holiday in Alcoy, and a few other places.
Spanish News Headlines
The Guardia Civil has arrested 16 people for forming a
network of buying and selling weapons supplied to criminal organisations dedicated to drug trafficking. 12 searches have been carried out in Malaga and Granada where 14 blackout 300 tactical rifles, abundant ammunition, and 13,000 euro in cash have been seized.
Criminal groups acquired weapons through front men with valid weapons licences and later diverted them to the black market. From there they were purchased by organisations dedicated to drug trafficking for a price that tripled their purchase value on the legal market. The weapons purchased were tactical, civilian versions of assault rifles, 300 blackout.
A man accused of
stabbing to death another 22-year-old man in Cercedilla, with whom he had an alleged hostile relationship, will appear in court today, as the Madrid Provincial Prosecutor’s Office requests eleven years in prison and charges him with the crime of homicide.
The event took place in November 2021, around 7:40 p.m., in the vicinity of a railway station, and in addition to prison the Public Ministry also demands compensation of 180,000 euro for the victim’s relatives.
The Spanish Confederation of Small and Medium Enterprises (CEPYME) published its late payment observatory, where it warns that
almost half of the invoices paid in Spain, the majority to self-employed workers and small businesses, are paid outside the legal deadline established, which is a maximum of 60 days.
According to the data from the Delinquency Observatory for the last quarter of 2023, prepared by CEPYME, with data from CESCE and Informa D&B, 50.3% of invoices were paid on time in Spain in the quarter, which means that practically half of the invoices were paid late.
To read these articles in full, visit
SpainToday.news
Business, Markets and Statistics
The week will begin with the publication of the preliminary reading in April of consumer confidence in the Eurozone, after registering an improvement in economic sentiment levels in March (-14.9 points vs. -15.5 points in February).
Monday sees the European Union foreign ministers gather in Luxembourg to discuss the situation in the Middle East.
Returning to the UK, Rightmove House Price Index and CBI Industrial Trends survey will dominate the numbers news.
