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This year has been “very tough” on the sector, an change leader said.
Many restaurants in Majorca are situation to terminate (Image: Getty)
Restaurant closures in Majorca are poised to triple this year as the change laments “abusive” changes imposed by the Spanish authorities.
Juanmi Ferrer, president of the CAEB Restaurants Association, warned that around 600 restaurants will exit of business in 2024, up from 186 in 2023.
He added, as reported by the Majorca Each day Bulletin: “2024 has been very tough for the sector. We calculate that they will treble and we don’t rule out this forecast being exceeded.”
Restaurant house owners occupy identified lower spending from these in Majorca in fresh months, but Mr Ferrer additionally blamed taxes and bureaucratic calls for from the authorities.
Profits occupy dropped from an reasonable of 20 percent down to between 6 and eight percent, he said.
Estimates point out around 600 restaurants will terminate (Image: Getty)
He warned the restaurant change in Majorca is being “suffocated” due to the pressures from the authorities.
Mr Ferrer continued: “Raw materials are 12 percent more expensive than in Spain as a whole. We pay up to four times more for rent, we have the most expensive collective bargaining agreement, we have difficulties in finding staff as fewer and fewer people want to come to Mallorca because of the high price of accommodation.
“We are able to now now not serve a beer and a tapa for €1.50 as they conclude in some locations on the mainland; right here it is totally unviable. The cost of food is increasingly greater. Rents occupy additionally risen loads, so occupy the associated price of electricity and the rubbish tax.”
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Majorcan business house owners occupy lamented increased taxes and regulations (Image: Getty)
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On taxes and bureaucratic pressures, he added: “It is abusive in Spain in commonplace, but even more so in the Balearics.
“The authorities ask us for more and more plans and protocols, all with their consequent expenses that we, the business owners, have to assume.” As examples, he cites the carbon footprint, the prevention of occupational risks, equality plans, and scientific certificates for workers.”
Mr Ferrer also expressed his frustration with inspections that are enforcing increasingly strict regulations.
He said: “They stumble on at us with a magnifying glass. There are companies around us that conclude now now not be conscious the regulations. They know this but conclude nothing. They trot to these they know pays the fines; the intention is fully to purchase fines earnings.”
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