Urgent measures for growth, competitiveness and youth employment

Automatic summary, not yet reviewed

1. A guarantee program of the Official Credit Institute (Instituto de Crédito Oficial) is created, with a maximum of €1.2 billion and a one-year duration, to help Spanish companies get financing and expand abroad. The guarantees granted carry the guarantee of the State.
2. Opening, moving or expanding a retail store generally no longer requires administrative authorization. When it is required, the application must be resolved within three months or it is deemed granted.
3. The list of municipalities required to declare at least one high tourist traffic zone is expanded: now 100,000 inhabitants and 600,000 overnight stays are enough. If the Autonomous Community does not declare the zone in time, full freedom of store opening hours applies.
4. Interchange fees for cards are capped: at most 0.2% on debit (with a 7 euro cent ceiling) and 0.3% on credit. Merchants cannot charge extra fees for paying by card.
5. The Aena airport network is regulated as a service of general economic interest: infrastructure cannot be closed or sold without authorization, and fees are capped by a maximum annual revenue per passenger set in the Airport Regulation Document.
6. A temporary regime is set for drones (remotely piloted aircraft): depending on their weight, they require prior communication or authorization from the State Aviation Safety Agency, with rules on flights, pilots and insurance.
7. The National Youth Guarantee System is created: young people aged 16 to 25 (up to 30 with a disability of 33% or more) who neither work nor study can receive an offer of employment, education or an internship after registering.
8. Companies that hire Youth Guarantee beneficiaries on permanent contracts receive a €300 monthly bonus on their Social Security contributions for six months, compatible with other incentives as long as the contribution does not become negative.

Who it affects

• Companies and self-employed workers: Can benefit from an ICO guarantee program and from the exemption when handing over their main home to settle a mortgage debt.
• Retailers: Fewer procedures to open or expand a business and lower fees when customers pay by card.
• Young people aged 16 to 25 (up to 30 with a disability): Can register to receive an offer of employment, training or an internship, and their employers get bonuses.
• Consumers and tourists: New opening-hour rules in high tourist traffic zones and caps on card fees.
• Gas and electricity retailers and oil product wholesalers: New energy-saving obligations and contributions to the National Energy Efficiency Fund.

Words worth knowing

Tasa de intercambio (interchange fee)

Fee paid between the entities involved in a card payment, which affects the final cost.

Dación en pago (deed in lieu of foreclosure)

Handing over the home to the bank to settle the mortgage debt.

Silencio administrativo positivo (positive administrative silence)

If the administration does not reply in time, the request is deemed granted.

Documento de Regulación Aeroportuaria (DORA)

Five-year document setting quality, investments and maximum fees for Aena airports.

Garantía Juvenil (Youth Guarantee)

Commitment to offer young people who neither study nor work an offer of employment, training or an internship.

It summarizes the law as published in the BOE. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries