All posts by Luis Moreno

Moreno Luis - is a business and economics reporter based in Barcelona. Prior to joining the BNE24 he was economics editor of the BBC Spaine and worked as an economics and political reporter for Murcia Tuday.

The self-proclaimed republic of Nagorno Karabakh announces that it ceases to exist

The authorities of the self-proclaimed republic of Nagorno Karabakh announced this Thursday an order for its dissolution on January 1, 2024, after more than three decades of control of the territory and following last week's military offensive by Azerbaijan, which thus reintegrated the territory.

The president of Nagorno Karabakh, Samvel Shahramanián, has signed a decree that contemplates that the self-proclaimed republic will cease to exist due to the “serious situation at the political and security level” and “based on the priority of guaranteeing physical security and the interests of the people of Artsakh.

Likewise, he highlights in a statement published on the Artsakh Presidency account on Telegram that the decision “takes into account the agreement reached with Azerbaijan, mediated by Russian peacekeeping troops, for the free, voluntary and unrestricted passage of residents of Nagorno Karabakh, including the military personnel who have handed over their weapons.

The dissolution of the self-proclaimed republic of Nagorno Karabakh, recognized by no one, not even by Armenia, was one of the conditions imposed by Azerbaijan to stop the military operation that it launched on the 19th against the enclave and that concluded the next day with the capitulation. of the Karabakhs.

The document states that the inhabitants of Nagorno Karabakh, including those outside its territory, must take note of the conditions presented by Azerbaijan for reintegration and then “decide individually” whether to remain in Nagorno Karabakh or return to it.

Road to “reintegration” in Azerbaijan

Nagorno Karabakh is a territory of about 4,400 square kilometers in the South Caucasus recovered by Azerbaijan in the aforementioned military offensive.. Until then, the area, with an Armenian majority, had been under the control of pro-Armenian forces for more than three decades despite the fact that the international community recognized the region as Azeri sovereignty.

The ceasefire announced on September 20 after the offensive, which left more than 200 dead in Nagorno Karabakh and resulted in the death of more than 190 Azeri soldiers, includes the disarmament of armed groups, the withdrawal of Armenian soldiers — yes Although Yerevan denies that they are deployed in the area– and the “reintegration” of the territory in Azerbaijan, for which two meetings have been held so far between delegations from Azerbaijan and Armenian representatives from the region.

Nearly 120,000 refugees

The capitulation of the Nagorno-Karabakh Republic has caused the exodus of Karabakhs to Armenia. More than half of the enclave's population, estimated at about 120,000 inhabitants, has left their homes since Sunday and moved to Armenia.

“By 0400 GMT, 65,036 forcibly displaced people from Nagorno Karabakh had arrived in Armenia,” Nazeli Baghdasarián, spokesperson for Armenian Prime Minister Nikol Pashinián, wrote on Facebook today.

According to the Armenian Executive, the majority of displaced people have housing in Armenia or relatives who welcome them.. The rest are placed in hostels, hotels, reception centers and other buildings in the city of Goris, which is located near the border with Azerbaijan.

The flight of Armenians from Karabakh continues despite the fact that the president of Azerbaijan, Ilham Alíev, promised to respect the rights of the population of the enclave. In Yerevan, Armenian Prime Minister Nikol Pashinian has denounced that “ethnic cleansing” of the mountainous territory is taking place.

More than half of the population of Nagorno Karabakh has already fled to Armenia

More than half of the population of Nagorno Karabakh, an Azerbaijani territory populated by Armenians, has already left their homes since Sunday and moved to Armenia after the Azeri military operation on the 19th, as reported this Thursday by the Yerevan Government. .

“65,036 forcibly displaced people from Nagorno Karabakh have arrived in Armenia,” said Nazeli Baghdasarián, spokesperson for the Armenian Prime Minister, Nikol Pashinián, on his Facebook social network account.

The UN special adviser on the prevention of genocide, Alice Wairimu Nderitu, said this Wednesday that images of Armenians fleeing the Nagorno-Karabakh enclave “for fear of identity violence” are “alarming.”

In a statement read at the daily UN press briefing, Wairimu reiterated his “deep concern” about the situation in this Caucasus region.

The advisor did not explicitly mention Azerbaijan, which has taken control of the enclave, although the exodus of the Armenians is due to fear of the measures that the Azeris may take against them.

The 'night of excesses' that cost a pilot his dismissal after consuming cocaine from a woman's breasts before flying

A pilot has been fired by the airline where he worked after using cocaine before embarking on a flight full of passengers to the United Kingdom.

First officer Mike Beaton, belonging to the British Airways company, was about to make a Johannesburg-London flight, when a stewardess raised the alarm that the aviator had revealed that he had had a 'night of excesses' in which he had consumed alcohol and drugs, in addition to “getting involved with a woman while married”, as reported by The Sun.

Beaton told his crewmate all the details of his night out, about which he himself boasted that he had been “a very naughty boy.”. The pilot met a woman from Wales and a young Spaniard who were on vacation in the South African city, as can be read in the conversation that has been collected by the British media.. After having several alcoholic drinks in a restaurant, the three went with a group of people to an apartment where they were going to “have one last drink” before going to bed.

Once in the room, “the girls started dancing topless,” the pilot told him, who also decided to undress.. “I lost my shirt somewhere and one of the boys took out a plate with cocaine stripes on it,” he detailed in another message.. “That's the story of how I ended up snorting cocaine off a girl's tits in Johannesburg,” he confessed to his partner.

When the flight attendant read what happened, she immediately informed the airline's higher authorities, who canceled the 12-hour flight due to the pilot's illness.. This cancellation caused the airline a loss of 100,000 pounds (about 115.48 euros), The Sun has reported.

Upon his arrival in London the next day – as a passenger – Beaton was subjected to a drug test at Heathrow Airport, where he tested positive for drug use. “Safety is always our top priority. The matter was referred to the Civil Aviation Authority (CAA) and this individual no longer works for us,” an airline spokesperson told the British media, thus confirming that the pilot has been suspended from British Airways.

Five killed in shooting in Israel amid rising violence

At least five people have died this Wednesday after a shooting occurred in the village of Basmat Tabun, located in northern Israel, within the framework of the increase in violence within the Arab communities living in the country.

The victims are three men and two women, while another 49-year-old person has been injured.. Crimes within the Israeli Arab community have already claimed the lives of more than 180 people, the WAFA news agency has reported.

At the end of August, the assassination of the general administrator of the municipality of Tira, Abdelrahman Qashou, and Gaz Saab, candidate for the presidency of the local council of the town of Abu Snan, in the Galilee, in the north, put the focus on the violence of Arab communities.

In this sense, Prime Minister Benjamin Netanyahu gave the order in August to promote an inspection law to speed up investigations, allowing the Police to seize computers and mobile phones.

This is bradysism, the volcanic phenomenon that shook Naples this Wednesday and that deforms its soil

The area of the Italian city of Naples was shaken this Wednesday by the largest earthquake in four decades. An earthquake that has occurred due to bradyism, the phenomenon that has been deforming the volcanic caldera that is located 9 kilometers from the city for years.

The earthquake has not caused damage but the director of the Vesuvius Observatory, Mauro Antonio Di Vito, has explained that it was the biggest shock in the last 40 years and that it belongs to a seismic swarm unleashed this Tuesday at 5:00 p.m. (3:00 p.m. peninsular time ) that has preceded 84 other earthquakes: almost all “very small” and only two above magnitude 3.

Thus, the “fiery” Phlegraean Fields, as the Greeks called them, are a vast volcanic area located in the northern part of the Gulf of Naples in municipalities such as Bacoli or Pozzuoli.. Many of its craters are under the sea and it has been an active area for more than 80,000 years. The last major eruption was in 1538, which generated Monte Nuovo, but in recent times its activity is being closely monitored because something is moving in the bowels of this land.

As Di Vito explained to Efe, the tremors in this area are normal because bradyism is continually brewing beneath its subsoil.. It is a phenomenon of rise and depression of the terrain related to the void or filling, of lava or gas, of the magmatic chamber of its subsoil.. If it fills, like a breath, the ground rises; if it empties, it goes down. And now the trend is upward.

So much so that the ground level in the Phlegraean Fields increases by about 15 millimeters per month and in the historic center of Pozzuoli it has risen 118 centimeters since 2006, which represents an obvious risk for buildings and other infrastructure.

It could be the prelude to an eruption

Di Vito has also explained that bradyism has preceded a volcanic eruption at other times but that right now “there is no evidence” that it will occur. “Right now we rule out an eruption but we are monitoring the situation with great attention,” he noted.

The Phlegraean Fields caldera has around twenty known craters, most of them underwater, but in the event of an explosion it is unknown which mouth could open to expel the magma or gas.

“We don't know which volcano could open because this is a very large caldera. We can only predict it based on the data that surveillance will give us.. But the eruption is currently not a hypothesis that we consider,” he added.

For this reason, in the neighborhoods most exposed to the Campos, such as Pozzuoli, Bacoli, Monte di Procida and Quarto, where nearly half a million people live, the Civil Protection has already drawn up a National Plan for an evacuation of the area in in case this occurs. At this time, the alert status is the “yellow” of said plan, the second on a four-level severity scale.

It should be noted that the history of the Gulf of Naples has always been closely linked to volcanoes and earthquakes, as demonstrated by the tragic fate of Pompeii and Herculaneum or the remains of the city of Baia, currently visible under the sea due to the depression of the land.

Demonstrations in support of the Government of Gustavo Petro paralyze the center of Bogotá

Thousands of people took to the streets of downtown Bogotá this Wednesday morning to join the demonstrations called by the Colombian president, Gustavo Petro.. The leader has called on unions, workers, indigenous people and peasants to defend the reforms promoted by his Government in the mobilization called 'For peace, for life, for social justice'.

The union centers took to the streets and were joined by the Vice Minister of Labor, Edwin Palma, along with some 10,000 indigenous people who arrived in the Colombian capital in recent days from different parts of the country. With flags of the different indigenous communities and organizations and chants of “long live President Gustavo Petro”, the protesters advance through the center of the city, guarded by the indigenous guard.

In the Plaza de Bolívar, the center of political power in Colombia, a stage was installed where a concert will be held in the afternoon and where, in principle, Petro will intervene, although his office reported that this Wednesday the president will have a “private government agenda.” and no intervention is planned.

About 32,000 people are expected to arrive at this square, most of them part of the indigenous minga, according to the calculations of the organizers of the march.

“About 20,000 people have traveled to Bolívar Square from the Tercer Milenio, Renacimiento and Nacional parks along with more than 200 managers and 1,300 police units,” a spokesperson for the Government Secretariat reported on the social network formerly known as Twitter.

Due to the marches, the TransMilenio stations – Bogotá's public bus system – at Museo Nacional, Las Nieves, San Siego, San Victorino and Museo del Oro remain closed. Traffic has also been cut off on several streets, both due to cars blocking the road and due to the progress of the march.

Demonstrations throughout the country

In other cities in Colombia, such as Medellín, Cali and Barranquilla, these demonstrations of support for the Government have also been promoted.

Petro's ministers have been in charge of promoting the call, which is why complaints have arisen of alleged government aid to popular organizations to join the demonstrations, something that the Executive denies.

A storm hits Greece three weeks after serious flooding

The storm Elías that has been hitting Greece since Tuesday has caused landslides and floods in the south and center of the country on Wednesday, just three weeks after another storm, Daniel, caused severe flooding that left 17 dead.

The biggest problems are on the island of Euboea, north of Athens, where heavy rainfall has caused landslides that have isolated towns in the western part. In the town of Kimasi, an overflowing river has caused flash floods, forcing residents to climb to their terraces to safety, while damage to homes and the regional road network is extensive.

Special teams from the Fire Department and members of the Army are acting to rescue trapped people, while electricity outages are being recorded throughout the area.

The landslides and floods occur in the area of the island that was completely burned in 2021 by a large fire that burned for more than ten days and burned more than 50,000 hectares of forest.

The storm is also hitting the regions of Trikala and Larisa in central Greece, where three weeks ago several towns were flooded by the intense rainfall caused by Daniel.

Five towns near the city of Trikala are completely isolated after the collapse of a bridge, while in Aspropotamos, firefighters are working to rescue residents who are trapped in their homes.

In the Larisa region, Civil Protection has ordered the preventive evacuation of a series of municipalities that are threatened by streams that could overflow at any time.

Heavy rainfall is also causing problems in the region of Phthiotis and Phocis (center) as well as in the north of the Peloponnese peninsula (south).

According to the National Meteorological Service (EMY), adverse conditions will persist until tomorrow, Thursday, when the storm is expected to begin to subside.

The mortgage firm plummets 19% in July and interest rates are at their highest in seven years

The historic rise in interest rates by the European Central Bank (ECB) in the last year is cooling the mortgage market at high speed. The signing of loans for the purchase of a home is reduced as the conditions offered by banks to access a mortgage become more restrictive. Thus, according to the latest data published by the National Institute of Statistics (INE), the mortgage signing fell by 19% last July compared to the same month in 2022.. While the interest on the new loans that were signed stood at 3.24%, its highest level since August 2016.

Last July, a total of 29,233 mortgages were recorded, compared to the 36,000 that were signed the same month last year. A difference of almost 7,000 loans that has its origin in the sharp rise in official interest rates, which catapulted the Euribor to 4.2% that month. Thus, while in July of last year the average interest on the loans that were signed was 1.92%, just one year later it has risen to 3.24%. Never before in the last 20 years has there been such a sharp increase in the interest on mortgages signed as what has been seen throughout 2023.

Furthermore, in this context of high rates, banks are being especially cautious when granting loans. They see more risks of insolvency in their clients and a more pessimistic macroeconomic scenario, which has caused the percentage of rejected applications to increase.. It is not just that mortgages are more expensive, the loans granted are also becoming smaller and smaller, although this is being less noticeable.. In July, the average mortgage amount amounted to 143,412 euros, 2.6% less than in the same month last year.

The fixed rate offer continues to disappear from the market as a result of interest rate increases, which make anchoring to a high fixed rate for 25 or 30 years increasingly less interesting. However, it is still the preferred option for buyers.. Last July, 58% of the loans signed were with a fixed interest rate, the lowest percentage since April 2021. The boom in mixed mortgages—those in which part of the loan is at a fixed rate (normally the first years) and another at a variable rate—is reflected in the recovery of variable mortgages, which already account for 42% of loans. signed.

Fewer mortgages, fewer sales, but prices resist

The real estate market has been showing clear signs of cooling for months, also in sales. The number of housing transactions plummeted last July by 18.5% year-on-year, according to notarial statistics.. However, house prices are resisting falling. According to data provided by notaries, in July prices had barely fallen 4.6% compared to the same month of the previous year.

One of the reasons that explain this phenomenon is that in recent months the number of sales that are closed without the need for a mortgage has been on the rise.. In July of last year, 49.6% of operations were executed without the need for a loan, compared to 54% currently. Other important factors that explain the resistance of prices are the shortage of new housing supply and the sharp rise in the prices of construction materials.

From the Idealista real estate portal, the general director of Mortgages, Juan Villén, points out that the data released this Wednesday reinforces the trend seen in recent months. “We think that the coming months will maintain this line, although it is possible that by the end of the year the drop in transactions will slow down and, at some point, the rise in prices will also find its ceiling,” he points out.

“The second part of the year will be marked by the possible moderation in rate increases, as well as the legislative and political situation, which has yet to be determined,” points out, for his part, Ferran Font, Director of Studies at the piso.com portal.

Spanish households paid on average more than 263 euros more VAT in 2022 and half of the increase was due to inflation

Inflation has contributed to increasing tax collection in the last year. In fact, public coffers entered a record volume of 255,000 million euros in 2022, 14.4% more than the previous year.. Specifically, according to a study published this Tuesday by the Savings Bank Foundation (Funcas), Spanish households paid an average of 263 euros more VAT last year than in 2021 and half of that increase was due to the increase in prices.

The research, signed by economist Desiderio Romero, indicates that inflation has driven a good part of the increase in VAT collection in the last year, which grew by 14.9% in 2021 and 13.4% in 2021, according to Tax Agency data. This increase translated for families into the payment of an average of 2,592.2 euros of VAT in 2021 and 2,855.8 euros in 2022. The average fiscal burden of this tax has therefore increased in the last year by 263 .6 euros, that is, it has grown by 10.2%. The study investigates what part of this increase is attributable exclusively to inflation.

VAT is an indirect tax that taxes consumption, so that it is paid when purchasing any product and represents a percentage increase in the price of articles and services.. Therefore, in general terms, the higher the price, the higher the amount of VAT paid, hence there has been an increase in collection in a context of rising prices.. Inflation climbed to an average of 8.4% in 2022, well above the 3.1% recorded in the previous year, which showed an acceleration in the pace of price increases.

Specifically, the research calculates that 52.4% of the increase in the VAT tax burden borne by households was due to the increase in prices. That is, inflation caused families to pay on average 138.2 euros more VAT in 2022 than in 2021.. This average amount varies depending on household spending, due to the nature of the tax. The greater the volume of expenses, the higher the increase in VAT incurred due to inflation. In this way, according to the study, households with an expenditure of around 16,500 euros would have had to pay on average 87.9 euros more in VAT due to the price increase in 2022 than in 2021, while in those where the Expense rose to around 62,500 euros, the amount of VAT induced by inflation reached 346.7 euros.

In total, between 2021 and 2022 each household paid an average of 297 euros in VAT derived exclusively from inflation. This amount rises to approximately 350 euros for an average household with a spending level of around 32,200 euros, similar to the average Spanish income in 2022.. However, the study reflects that this amount is higher in households residing in smaller municipalities.. Thus, the VAT tax burden accumulated due to the price increase in 2021 and 2022 would reach 332.7 euros on average in households located in municipalities with less than 10,000 inhabitants, while it would be 272.4 euros in those settled in cities with more than 100,000 inhabitants.

By autonomous community, according to the research published this Wednesday, Navarra was the region in which households had to face a greater amount of VAT derived from inflation, a cumulative amount of 341.8 euros between 2021 and 2022. They were followed by Galicia, Murcia and Castilla y León, three communities where households paid on average more than 320 euros in VAT in the last two years due to the increase in prices.. At the opposite extreme are the Canary Islands, Melilla, Ceuta and the Valencian Community, with amounts of less than 280 euros.

North Korea decides to expel US soldier Travis King, detained for entering the country "illegally" in July

North Korea announced this Wednesday that it has decided to expel from its territory the American soldier Travis King, who was detained after entering the country through its border with the South last July.

“The relevant body of the Democratic People's Republic of Korea has decided to expel Travis King, a US Navy soldier. who illegally entered the territory of the DPRK,” said the state news agency KCNA.

King, 23, crossed the border with the North after having spent 48 days in a South Korean prison because he did not pay the fine imposed in February for an incident with the police in Seoul and, according to what he said in his At the time Pyongyang, had requested asylum in the country.

Pyongyang has made the decision to expel King, “in accordance with the law of the Republic”, after concluding an investigation into the case about which no further details have been provided. The North Korean state agency also did not provide information on when or how the soldier's expulsion will take place.

During the investigation, “Travis King confessed that he illegally entered the territory of the DPRK because he harbored resentments against inhumane mistreatment and racial discrimination within the US military and was disillusioned by the unequal US society,” KCNA said, as previously reported.

On a tourist visit

On July 18, King crossed the Military Demarcation Line (MDL) and entered North Korean territory taking advantage of his participation in a tourist visit to the Joint Security Zone (JSA), in the heart of the border between the two Koreas.. The soldier was going to be repatriated as a disciplinary measure for his problems with the South Korean justice system when the incident occurred.

A month later, the North Korean regime publicly acknowledged his detention after entering “illegally into the territory” of North Korea and assured that the soldier had expressed “his desire to request asylum” there or in a third country.. The United States authorities indicated at the time that they had not been able to corroborate the information published by the North Korean media, but that they were working to bring back King, whose health status is unknown.