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iberdrola señalada

Spanish economy 16th June 2025

Iberdrola, Endesa and Naturgy present proposal on nuclear calendar that will review Enresa tax

Banco Sabadell | According to press reports, the electricity companies have submitted a proposal to MITECO (Ministry for Ecological Transition) to revise the nuclear calendar, which involves maintaining the final closure date of 2035 and extending the planned intermediate deadlines. The proposal includes, among other things, the intention to request the Nuclear Safety Council (CSN) to extend the two Almaraz reactors (Iberdrola 52.7%; Endesa 36%; Naturgy 11.3%) until 2030 (as…

inflacion precios

Spanish economy 16th June 2025

Spanish inflation moderates to 2% in May, lowest level since October 2024

CdM | The Consumer Price Index (CPI) fell by two tenths of a percentage point in May, standing at 2% year-on-year, the lowest level since October 2024, when it stood at 1.8%, according to final data published on Friday by the National Statistics Institute (INE). This figure is slightly higher than the provisional estimate, which predicted a drop of three tenths of a percentage point to 1.9%. Despite the difference,…

3. bank spain

In Spain 16th June 2025

Spanish public debt stands at 1.668 trillion at end 1Q25, 103.5% of GDP

CdM | At the end of the first quarter, public administration debt stood at €1.668 trillion, representing 103.5% of GDP, according to data from the Excessive Deficit Protocol (PDE) published by the Bank of Spain. This is 2.8 percentage points less than in the same period in 2024, while the growth rate of the debt balance was 3.3% year-on-year. Among the various subsectors of the public administration, the debt balance…

Sanchez

In Spain 13th June 2025

Police Uncover “Criminal Organization” in PSOE… Sánchez Apologizes but Says He’s Staying: “This Isn’t About Me”

Spain was stunned to discover how three of Pedro Sánchez’s four closest friends, who accompanied him in taking power first in the PSOE and then in the government, allegedly rigged elections, collected millions in commissions from public works contracts they awarded from the government, and placed their prostitutes in public sector jobs. A nearly 500-page report compiled by the Civil Guard transcribes eight audio recordings from meetings where they divided…

acerinox campo gibraltar

In Spain 12th June 2025

Spain and United Kingdom Reach Agreement on Gibraltar

After three and a half years of negotiations, Spain and the United Kingdom, Brussels, and Gibraltar have reached a “definitive political agreement” on the Rock of Gibraltar. This agreement, which still needs to be ratified, will eliminate goods controls between Gibraltar and the EU via Spain. “The Fence, the last wall in continental Europe, will disappear,” celebrated Albares, the Spanish Minister of Foreign Affairs. In order to “guarantee the future…

Judges

In Spain 11th June 2025

European Commission Questions Amnesty Before EU Court: “It Appears to Be a Self-Amnesty, Part of the Agreement for the Government’s Investiture”

The amnesty granted by the Spanish Government to Catalan independentists to secure Pedro Sánchez’s investiture is becoming complicated in the European Union. The European Commission is challenging it before the Court of Justice of the European Union and recommends that the court rule against the government’s position on most points raised by the preliminary question submitted by the Court of Auditors. According to a 36-page document reported by El Español,…

bbva sabadell

Spanish economy 10th June 2025

“Sabadell is not a fundamental and irreplaceable operator” concludes CNMC in analysis of BBVA’s takeover bid

Link Securities | The National Markets and Competition Commission (CNMC) concluded in its April report on BBVA’s (BBVA) takeover bid that Banco Sabadell (SAB) “is not a fundamental and irreplaceable operator” in the world of SMEs, and that it is losing market share in this business, according to Expansión and the Efe news agency on Friday. For more than eleven months, the CNMC analysed the impact that the acquisition of…

PP

In Spain 9th June 2025

Thousands Protest Against “Government Mafia” and Demand Elections

One hundred thousand people, according to the Popular Party (PP), which organized the rally, and 50,000 according to the government, the target of the protest, gathered yesterday in Madrid’s Plaza de España to protest against the ongoing institutional degradation and demand immediate elections. As the PP leader stated, “No one voted for him to do this.” “This” refers to the grotesque spectacle that has been dominating the front pages of…

Spain defence spending

In Spain 6th June 2025

Spain Refuses NATO’s Demand to Increase Military Spending to 5%

Spain’s categorical refusal to invest more than 2% of its GDP in defense has sparked “discomfort” and “frustration” among NATO allies, especially those more committed to Europe’s defense. While other allies are in a similar situation, and the North Atlantic Treaty Organization is aware of this, there has not been such a firm rejection of investing more than 2% in defense. This comes even after NATO Secretary General Mark Rutte…

bbva sabadell

In Spain 6th June 2025

Pedro Sánchez, “between a rock and a hard place” in BBVA’s takeover bid for Banco Sabadell

Alphavalue/DIVACONS | “An unwanted headache for Prime Minister Pedro Sánchez”. This is how Bloomberg describes the government’s attempts to stop BBVA’s takeover bid for Banco Sabadell. According to the US media outlet, opposing the takeover “seemed like an obvious decision” when it was announced a year ago. However, Bloomberg quotes sources close to Sánchez as saying that the president “is caught between a rock and a hard place, looking for…