Minister visits Madrid to try to get help for Balearic economy

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Tourism is of vital importance
Tourism is of vital importance Credit: Balearic Government

BALEARIC Tourism Minister Iago Negueruela has headed off to Madrid for discussions with the Secretary of State for Tourism, Fernando Valdés, and the Secretary of State for the Economy, Ana de la Cueva.

The point of the meetings which were scheduled for April 14 and 15 were to discuss the resumption of the tourist season and to try to speed up the development of the call for aid for the Balearic Islands that the Spanish Government approved last month.

The total amount approved for the Balearic Islands was in excess of €1 billion, of which €855.7 million is direct aid and the balance of €162 million is by way of financing lines.

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The first of Minister Negueruela’s meetings was with Fernando Valdés to review the ongoing tourist situation and the second, with Ana de la Cueva concerned the granting of aid to companies in the islands affected by Covid-19 and to discover ways of speeding up payment.

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John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.

Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.

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