Business News & Financial News

In Spain 9th July 2025

Brussels Warns of “High Risk of Corruption” in Public Contracts in Spain

“Public procurement tenders, political party financing, and public infrastructure projects in Spain are key sectors with a high risk of corruption in Spain.” This is the verdict of the 2025 Rule of Law Report, published yesterday by the European Commission, which comes amidst a government crisis, precisely, due to corruption. The warning is not new, but its seriousness appears to be escalating. 40% of Spanish companies believe that corruption has…

In Europe 9th July 2025

Eurozone industrial prices moderate to +0.3% year-on-year in May, down from +0.7% previously

Link Securities | Eurostat reported that Eurozone production prices (PPI) fell by 0.6% in May compared to April, significantly more than the 0.3% expected by FactSet consensus analysts. In May, compared to April, prices for non-durable consumer goods rose by 0.2%; durable consumer goods by 0.3%; capital goods remained stable (0.0%); while prices for intermediate goods (-0.1%) and energy (-2.1%) fell. Year-on-year, the Eurozone PPI rose 0.3% (0.7% in April),…

World economy 9th July 2025

OPEC+ agreement to increase production by 548,000 bpd in August to negatively affect prices

Bankinter | OPEC+ has agreed to increase production in August by 548,000 bpd. As a reference, in April, production increased by 138,000 bpd and 411,000 bpd in May, June and July. OPEC+ (including other countries such as Russia and Mexico) produces 41 Mbd (just over 40% of global supply). This increase will come from eight members, including Saudi Arabia, Russia and the United Arab Emirates. Analysis team’s view: The news…

“We need to approach negotiations with the U.S. on terms that are completely different from those currently being proposed”

Says Antonio Bonet, president of the Club of Spanish Exporters and Investors. He points out that “Europe has a single tariff applied by all member states, but the U.S. applies a tariff to each country, meaning it can decide that the tariff applied to Spanish black olives is higher than that for Italian olives, as it did at one point. So there is a part of the negotiation between Europe…

“Fifteen years ago, the European economy was larger than that of the U.S. Today, the U.S. economy is one and a half times that of Europe”

“It is a shame that we are able to mobilize economic resources for large-scale projects abroad, but not in our Spanish market”

In an interview with Consejeros magazine, Sacyr’s coordinating advisor, Elena Jiménez de Andrade, explains that now “We have great capacity to win projects, a capacity that until now contrasted with a series of financial limitations and balance sheet size. However, in this strategic cycle, we are going to eliminate those barriers. That is why we have set an ambitious goal for 2033: to triple the value of our assets. We…

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