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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
naturgy fachada copia

Companies 9th October 2025

EU to shield Naturgy from potential multi-million pound lawsuits for breaching agreements with Russia in light of ban on Russian gas imports

Bankinter | In 2013, Naturgy signed a gas supply contract with the Russian company Yamal. Purchases began five years later at a rate of 3.4 billion cubic metres per year, which, at current prices, amounts to around €1 billion. This agreement provides approximately 16% of Naturgy’s total gas supply The contract has a 20-year term, until 2038, but will have to end earlier due to the EU ban on Russian…

utilities

Spanish economy 9th October 2025

Red Eléctrica Warns Spain Is Again at Risk of Blackout

Red Eléctrica, the Spanish electrical system’s technical operator, states that it has observed “sharp voltage variations in the Spanish peninsular electrical system over the last two weeks, such that they could impact the security of supply if the proposed changes are not implemented.” These operational changes have been requested from the National Commission for Markets and Competition (CNMC), which quickly approved them. Red Eléctrica contacted the CNMC on Tuesday with…

espana europa billete

In Spain 8th October 2025

Net wealth of Spanish households reaches €2.49 trillion, up 9.3%, while debt rises 2.5% in second quarter

CdM | At the end of June, the net financial wealth of households stood at €2.497 trillion, an increase of 9.3% compared to a year earlier, while household debt stood at €719 billion, an increase of 2.5% year-on-year, according to the Financial Accounts of the Spanish Economy published by the Bank of Spain. As a percentage of GDP, net financial assets represented 152.8%, 4.9 percentage points more than in the…

industrial production worker

In Spain, Spanish economy 8th October 2025

Spanish industrial production grows 3.4% year-on-year in August compared to 2.7% in July

Link Securities | The National Statistics Institute (INE) reported that industrial production, adjusted for seasonal and calendar effects, fell by 0.1% in Spain in August compared to July, when it had fallen by 0.4%. By sector of activity, the production of capital goods (up 2.6%) was the only one to show a positive monthly rate. In contrast, the production of intermediate goods (down 1.5%) fell the most during the month….

Mapfre

Companies 8th October 2025

Mapfre anticipates solid results in Q3 2025: underlying activity remains strong in Iberian peninsula

Alphavalue/DIVACONS | The insurance company held a pre-close call for Q3 2025 on Tuesday. Mapfre (MAP) anticipates solid results in Q3 2025, with trends similar to those in Q2 2025. In countries in the Iberian peninsula, underlying activity remains strong; in Life, premium growth will be lower than in Q2 2025 due to a large exceptional contract. In P&C, an improvement in the combined ratio is expected, especially after the…

stainless steel

Companies 8th October 2025

EC announces proposal to revise steel import quotas

Bankinter | The European Commission (EC) announces a proposal to revise steel import quotas in Europe. It reduces current quotas by 50% and raises the tariff to 50% (from 25%) above a certain quota (18.3Mtn). The aim is to protect the European steel industry in a context of global overcapacity. The EU seeks to prevent cheap steel from countries such as China and India from being diverted to Europe following…

sacyr edificio logo nuevo

Companies 8th October 2025

Sacyr submits sole bid for new motorway in Chile with estimated investment of €304 million

Banc Sabadell | Sacyr (SCYR) has reportedly submitted the only bid for the Ruta Pie de Monte, a new 20 km motorway in the Biobío region (Chile) with an estimated investment of $355 million (around €304 million), according to press reports. Construction is expected to begin in 2030 and the motorway is expected to be operational in 2033. The concession term would be up to 45 years. Assessment: Pending confirmation…

Repsol

Relevant News Item 8th October 2025

Repsol, Pioneer in Producing 100% Renewable Gasoline on Industrial Scale

Repsol has achieved a technological milestone by producing 100% renewable gasoline at an industrial scale for the first time at its industrial complex in Tarragona. The product, named Nexa 95 100% Renewable Origin Gasoline—Repsol’s highest quality 95-octane product—is already being commercialized in the regions of Madrid and Catalonia and will be available at 30 service stations before the end of the year. The new fuel can be used in any…

sanchez ursula

Spanish economy 8th October 2025

Spain: Only One-Third of Next Gen Funds Awarded One Year before Deadline

According to the Government’s portal (“Elisa del Plan de Recuperación”), as of August 31, 2026, a total of €79.854 billion has been reserved for various projects between the Central Administration and the autonomous communities. However, of this amount, only €56.7 billion has been “resolved” or awarded, which does not mean the funds have reached their final recipient. In other words, only one-third of the €163 billion in Next Gen funds…

Repsol

Companies 7th October 2025

French engineering group Technip Energies joins Repsol’s waste-to-methanol project in Spain

Alphavalue / Divacons | Bloomberg reports that Repsol is strengthening ties with the US to reactivate frozen operations in Venezuela. In other news, Technip Energies is joining Repsol’s waste-to-methanol project in Spain. The French engineering group announced that it has secured two service contracts with Repsol for the development of Ecoplanta, a waste-to-methanol plant planned for El Morell, Spain.