Economic impact of Spain's blackout in Malaga could be around 45 million euros

In the event of a power failure, the entire social life stands still. Spain recently feels this very clearly. The economic damage alone is immense, even if the numbers fluctuate. In the end, the ten hours without electricity probably cost the country billions.

Economic impact of Spain's blackout in Malaga could be around 45 million euros

The confederation of business owners in Malaga demands to know the causes of the supply interruption as soon as possible in order to be able to process the corresponding compensations

The entrepreneurs are already calculating the impact of the blackout that affected Spain yesterday and that left thousands of businesses frozen, without activity or low minimums, waiting at some time of the day to return the light. The CEOE estimates that the economic bill of this energy crisis will rise to approximately 1.6 billion euros, or what is the same thing, 0.1% of the Gross Domestic Product (GDP). These calculations are very initial gi…

CEOE estimates impact of Monday's blackout at €1.6 billion, 0.1% of GDP

The Corner CdM | The president of the CEOE employers’ association, Antonio Garamendi, has put the impact of yesterday’s blackout at 0.1% of GDP, some €1.6 billion, and has pointed to the Insurance Compensation Consortium for possible claims.”It is a huge impact”, said Garamendi in statements to the media at the Nueva Economía Forum breakfast, where he gave as an example that the refineries will take weeks to start up or the...

«It will cost us money to the companies». It is the summary of the secretary general of the Regional Business Confederation of Extremadura (Creex), Javier Peinado, after the unusual blackout that left the streets and houses of the country in the dark and empty many cash registers that began on Monday one more week of spring. No one was expected to stop working in the middle of the morning. «The working day of a whole day has been lost in many pr…

The bill for the blackout could rise above 1 billion euros MADRID, 29 (EUROPA PRESS) The credit rating agency DBRS estimates that the insurers will suffer losses of between 100 and 300 million euros for the electricity blackout this Monday, as reported in a statement.These losses represent the [...] The entry The blackout will cause up to 300 million losses to the insurers, according to DBRS appears first in Forbes Spain.