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unemployment spain

Spanish economy 3rd March 2022

Unemployment Falls By 11,394 People In Its Best February Since 2015, With A Record Number Of Permanent Contracts

The labour reform boosts permanent contracts to almost 22% of the total and more than doubles them with respect to 2021. In the last year, unemployment accumulated a record drop of 897,105 people, which is 22.4% less jobless. The number of unemployed registered in the offices of the public employment services (formerly Inem) fell by 11,394 unemployed in February (-0.3%), its best rebound in this month since 2015, when unemployment…

Repsol 1440x808

Spanish economy 3rd March 2022

Risk premium on oil prices due to Ukraine is unlikely to disappear: Repsol, sector top pick in the Iberian region

Morgan Stanley | The risk premium on oil prices due to the Ukraine is unlikely to disappear. The scarcity of supply means that any little disruption fuels hikes in prices. We raise the estimate on Brent for Q2’22 to 110 dollars with a bull case of 125 dollars. The weighting on global GDP of oil consumption is increasing to 4% and was 4.5-5% during 2011-2014, when the demand for oil continued…

Madrid Stock Exchange revision

Spanish economy 2nd March 2022

Ibex 35 Companies Earn More Than 50 Billion Euros

The 34 largest companies in Spain, with the exception of Inditex, which will publish its figures in March, have declared a combined net profit of more than 54.995 billion euros. This is the highest ever for the Spanish selective index. It is also the first time it has exceeded 50 billion. In 2010, it came within a hair’s breadth with 49.499 billion. The big winner in 2021, by far, is…

cereales

Spanish economy 2nd March 2022

Spain, with a deficit in cereals, imports annually almost 30% of the corn it needs from Ukraine

According to data from the agricultural organization Asaja, Spain annually imports almost 30% of the corn it needs from Ukraine. “The Spanish agricultural sector will undoubtedly be one of the victims. Our imports of cereals and sunflower, as well as basic means of production such as manure and fertilizers, will be seriously affected, which will imply a new increase in production costs for the sector”, the association pointed out. In…

spain savings rate

Spanish economy 1st March 2022

Inflation Also Soars To 7.4%.

The Consumer Price Index (CPI) has shot up by 7.4%, the biggest rise since July 1989, according to the National Statistics Institute (INE) on Monday, which will have to be confirmed in two weeks’ time. Inflation is driven, as has been the case for months, by the price of energy, but it is already spreading to the rest of the goods and services in the consumer basket. In fact, core…

Air Europa

Spanish economy 28th February 2022

IAG recognises that Globalia is negotiating the sale of Air Europa with other airlines; confirms it is not looking for alternative investments

Link Securities | The CEO of IAG, Luis Gallego, still left the door open to reaching an agreement with Globalia for the acquisition of Air Europa. However, he also recognises that the Hidalgo family holding is negotiating with other airlines, according to Cinco Dias. He acknowledged this in a meeting with the press after IAG’s results presentation. “This is a strategic purchase for Iberia and IAG, as well as for Spain…

enagas factory

Spanish economy 28th February 2022

Spain Has Guaranteed The Supply Of Natural Gas In The Face Of Russia-Ukraine War

Spain is not in a situation of lack of gas supply in the coming months, as it has scheduled the arrival of a total of 56 ships of liquefied natural gas (LNG) between February and March. It also continues to implement all possible preventive measures to contribute to the guarantee of energy supply, with the launch last week of four other extraordinary ‘slots’ – rights to unload LNG – as…

Meliá

Spanish economy 27th February 2022

Meliá Becomes The Second Biggest Hotel Operator In Vietnam, With A Total Of 24 Hotels And 6,900 Rooms

Intermoney | Meliá Hotels International will become one of the big hotel brands in Vietnam, thanks to a new alliance with the country’s largest domestic hotel owner Vinpearl. As a result of the agreement, the Spanish hotel group will take over management of 12 hotels and resorts in the main destinations spread throughout the country. These are already operational and will be incorporated into the portfolio during the year. With…

Pedro mascarilla españita

Spanish economy 25th February 2022

Russia’s Offensive Surprises The Spanish Economy At A Time When It Was Already Registering The Most Lack of Control on Prices And Unemployment In the EU

Carlos Segovia explains in El Mundo that “Since Thursday a powerful threat of impoverishment has been looming in the EU, particularly in the countries that were already lagging furthest behind in the recovery, with double the unemployment and higher inflation. That is Spain, unfortunately, which had already been slowing down in recent weeks. It was symbolic that Pedro Sánchez cancelled his participation in the Spain Capital Markets forum organised by…

Banco Santander fulfills its commitment to shareholders and raises cash dividend by 3%

Spanish economy 25th February 2022

Santander Adapts Governance to ECB Requests: Cuts Botín’s Executive Functions And Rises CEO’s

Banco Santander held an extraordinary board meeting yesterday afternoon to approve the rebalancing of powers between its executive chairwoman, Ana Botín, and the CEO, José Antonio Álvarez, financial sources told Europa Press. With this decision, Álvarez will report directly to the board of directors and not to Botín, as he has been doing until now. This is a situation requested by the European Central Bank (ECB), so that the entity…