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Bloomberg
3 days ago
- Business
- Bloomberg
Spain Makes First Payment in Lengthy Fight Over Renewable Energy
The Spanish government made its first payment as a result of an arbitration decision in 2021 around the country's move to change investor incentives tied to renewable energy projects, following a number of lengthy legal battles between Spain and various creditors. An entity called Blasket Renewable Investments, which petitioned a claim against the country in the US, notified a US federal court on Wednesday that Spain had 'fully satisfied' a final judgment ordering the payment, court documents show, without specifying how much was paid.
Times
20-05-2025
- Times
Spain orders 65,000 Airbnbs to close in fightback against mass tourism
The Spanish government has ordered Airbnb to block more than 65,000 holiday listings on its platform for rule violations, the consumer rights ministry said. The Spanish authorities' attempts to prevent another summer of discontent over surging tourism have led to curbs on rental flats across the country. The regional government of the Balearic Islands is also attempting to stop a 'massive influx of tourists' drawn by images posted online by influencers, La Vanguardia newspaper reported. In recent months tens of thousands of Spaniards have taken to the streets protesting against rising housing and rental costs, which many say have been driven up by holiday rentals on platforms such as Airbnb that have proliferated in popular tourist destinations. 'Enough with protecting those who make a
