Cases of squatting have increased by 37% between 2018 and 2022. The average length of the process to recover a home is 20.5 months explains the newspaper Expansión. The phenomenon of illegal squatting in Spain has become more prevalent in recent years, as the data show: last year, 16,726 complaints were filed, which is 37% more than the 12,214 in 2018, although the maximum was reached in 2021 with 17,274….
On 14 September, Spanish gas reserves reached 100% of their capacity, 24 percentage points above the level recorded on the same day last year. This level has allowed the quotation in MIBGAS to remain at an average daily price of €34.80/MWh in the first fortnight. Imports from Algeria remain very solid, at almost 70 mcm/d. In August, 25 LNG tankers unloaded, the same as last year, and in this first…
The INE (National Statistics Institute) has revised the fall in Spanish GDP in 2020 and has lowered it by one tenth of a point, while it has revised upwards -again- GDP growth in 2021 compared to 2020, which now rises by almost one point, from 5.5% to 6.4%, compared to what was published in September last year. The National Statistics Institute (INE) has also revised GDP growth in 2021 upwards,…
Spain received €5.521 billion in 2022, compared to €7.512 billion for France.It was the second beneficiary of the EAGF (European Agricultural Guarantee Fund) agricultural budget in 2022 with €5.521 billion, an amount slightly higher than the previous year (€5.498 billion). France was ahead, as usual, with €7,512 billion, according to data published by the European Commission and reported by Cesar Lumbreras in the newspaper La Razón. If total EU spending…
The former deputy prime minister and historic leader of the PSOE Alfonso Guerra has criticised the “evident tendency to Caesarism” in the PSOE as it is the secretary general who chooses the people who make up the party leadership or those who make up the lists for the congresses. This he has indicated in an interview published this Sunday by ‘The Objective’, collected by Europa Press, in which he has…
Intermoney : Sacyr (SCYR) (Buy, PO 4.0 €), as reported on Thursday by the Group with the market open, together with its Italian partner Fininc, has been awarded the construction of a railway line in Catania (Sicily). The project, by Metropolitana Circumetnea, envisages the design and execution of a 10.6 km route between the Misterbianco station and the Ardizzone tunnel, with an investment of around €532 million. In total, the…
Spanish multinational perfume, fashion and make-up company Puig – owner of brands such as Carolina Herrera, Paco Rabanne, Jean Paul Gaultier and Charlotte Tilbury – has hired the services of Goldman Sachs and JPMorgan as global coordinators for its IPO, according to several market sources consulted by EXPANSIÓN. It is estimated that the valuation of the company, which has accumulated two consecutive years with record revenues and profits, could reach…
Early yesterday afternoon, the expulsion of Nicolás Redondo Terreros, a veteran party leader in the Basque country, from the PSOE was announced, a decision taken by the Federal Executive Committee “for his repeated contempt” for the party. The former leader of the Basque socialists said in a statement that he had learned of the news from the media. “I was not aware of it, nor do I have any communication…
The incessant speculation about a possible counter-bid for Applus has materialised with the offer launched by I Squared and TDR. The consortium has submitted to the CNMV its proposal of €9.75 per share, compared to Apollo’s €9.50 and the €9.45 at which the company ended yesterday. The war for control of Applus, the Catalan company that controls a large part of Spanish statutory vehicle inspections, enters a decisive battle today…
Intermoney | Aena (Hold, Target Price €150/share) released traffic figures for August 2023 on Tuesday, which showed a +1.4% increase over pre-pandemic (2019) levels. Recent trends continued last month, with both Barajas and El Prat still below 2019, specifically -4% and -8%, respectively. These declines were more than offset by significant growth at tourist airports, such as Malaga (+10%) or Lanzarote (+10%). Other relevant increases were in Valencia (+17%) and…