While factories, shops and hotels all over Spain and Portugal On Tuesday after the massive power failure from the previous day, its operation gradually started again, business associations and companies began to estimate the costs.
The Spanish economic lobby CEOE estimated that the failure would reduce gross domestic product by 1.6 billion euros or 0.1 percent, and pointed out that it could take a week or more for the oil refineries to completely resume operation and that some industrial stoves had been damaged.
Damage to industrial stoves, interrupted cold chains
The meat industry estimates the losses up to 190 million euros, including because of the power failure in the refrigerators. The power failure lasted more than 12 hours in some areas of Spain.
On Tuesday, most grocery stores worked normally, the industry association said, but they were still to determine how many of their products were spoiled or how much business they had lost when the card payment systems were out and the ATMs did not work.
Production at Volkswagen is running again
According to official sources, the ATMs are now functional again. The Volkswagenwerk in the Navarra region, where 4,600 people work, also resumed production on Tuesday afternoon. According to the company, the power failure there prevented the production of 1400 cars.
With the too Volkswagen Seat brand in Barcelona, where 14,000 employees are employed, the restoration of production after restoring the power supply.
Other sectors, such as the tourism industry, which are so important for Spain, were largely spared. “At the moment we do not receive any significant reports about cancellations,” said Jorge Marichal, chairman of the Spanish hotel association Chat. Even if the failure of telecommunications had created a “very complicated situation”.