Business News & Financial News

Spanish economy 21st May 2025

Spanish Social Security system gains 229,742 employed persons up to middle of May, closing in on 21.8 million mark

CdM | Social Security enrolment has increased by 229,742 employed persons in the first half of May, to 21,783,878 contributors in the daily series of affiliates, a new record figure, according to data published on Tuesday by the Ministry of Inclusion, Social Security and Migration. In the seasonally adjusted series, 21,557,126 affiliates have been reached in the first fortnight of May, thanks to the increase of 45,531 affiliates in the…

European economy 20th May 2025

Eurozone final CPI confirms 2.2% in April and core rate 2.7% due to 4% rebound in services

CdM| The year-on-year inflation rate in the Eurozone remained stable in April at 2.2%, while in the European Union as a whole the rate moderated by one tenth of a percentage point compared to March, to 2.4% year-on-year, according to the second reading published on Monday by Eurostat and reported by Europa Press. According to data from the statistical office for the Eurozone, in April the price of energy recorded…

In the World 21st May 2025

China’s central bank cuts one-year rate to 3% and five-year to 3.50%

Bankinter | China’s central bank (PBoC) lowers the one-year interest rate to 3% from 3.10% previously. The 5-year rate is cut to 3.50% from 3.60%. Bankinter analysis team’s view: The central bank is once again taking action, with the aim of reactivating the economy. On 7 May it cut the 7-day repo rate to 1.40% from 1.50% and the reserve requirement for banks to 9.0% from 9.5%. It also announced…

“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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