BP is waiting for the government to transpose the European renewables directive to unblock its plan for the Castellón refinery. Andrés Guevara, president of BP Spain, said yesterday that “hundreds of millions” worth of investments have been paralysed by the delay of the Ministry for Ecological Transition in the transposition of a European directive. According to “Economía Digital”, the governments of Germany and the Netherlands have already taken this step,…

The purchase and sale of homes in Spain went down 11.2% in 2023 compared to the previous year and the granting of new mortgage loans to purchase a home decreased by 21.3%, according to data released by the General Council of Notaries.Altogether, in the Spanish real estate market, 640,451 purchase and sale operations were reached.By type of housing, apartment sales reached 492,498 units (-10.5% year-on-year), while single-family homes fell to…

The General Industrial Production Index (IPI) fell by an average of 0.8% in 2023, thus breaking the streak of positive rates of the last two years, as reported on Wednesday by the National Statistics Institute (INE).Specifically, the 0.8% fall recorded in 2023 contrasts with the 2.4% increase in 2022 and 7.1% in 2021. The latter was an atypical year due to the return to normality following the end of pandemic…