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In Spain

In Spain 8th December 2023

Telefónica prepares to replace Huawei in mobile network, in line with Western veto of Chinese companies

Link Securities | Telefónica is finalising the tender to hire a new technology provider for part of its core 5G mobile network in Spain. The decision will mean the definitive exit of Huawei from its network, in line with the Western veto of Chinese companies. The newspaper notes that Ericsson or Nokia are the favourites to win the new contract worth many tens of millions. US government restrictions, as well…

In Spain

Government to consider withdrawing windfall tax on energy companies

In Spain

Spanish house prices rise 4.5% in 3Q2023 supported by strong labour market

Spanish economy

Unemployment, employment and propaganda: 562,466 permanent contracts signed in November, reducing unemployment by 24,573

Spain has highest proportion of contracts of 6 months or less

In Spain

Unemployment, employment and propaganda: November unemployment up 90,000 – not down 24,500 – counting 114,000 “fixed discontinuous workers who stopped working”

In Spain, Spanish economy

Unemployment falls by 24,573 in November after three consecutive months of rises thanks to services sector

In Spain

Bulk of EU funds stay in public sector

In Spain

Despite Next Gen funds, investment in Spain is falling, not rising

In Spain

Iberdrola partners with BP to roll out 11,700 EV charging points by 2030 in Spain and Portugal

In Spain 1st December 2023

Loans to companies fall -4.3% year-on-year in Spain and -0.3% in eurozone, first decline since 2015

Santander| Slight improvement in lending to the private sector in October, although corporate lending is already contracting in the eurozone (for the first time since August 2015) and more sharply in the periphery. The ECB has now released eurozone private sector lending data, with a slight improvement in October to +0.4% YoY vs +0.2% in September, although this is a minimal rebound within its clearly downward trend since the peak…

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