News about Spain | The Corner.eu

In Spain

Companies, Spanish economy 25th May 2023

NH Hotels appoints Dillip Rajakarier, CEO of Minor, as new group chairman

Link Securities | The Board of Directors of NH Hotel Group (NHH) held on Thursday agreed to appoint Dillip Rajakarier, CEO of Minor, as the new chairman of the Spanish hotel group, according to elEconomista.es. In addition, NHH’s current CEO, Ramón Aragonés, will also take on the role of vice-chairman, the decision comes after the group’s three independent directors resigned on Tuesday 16 May to express their opposition to the…

In Spain, Spanish economy, Spanish Politics 24th May 2023

Spain’s population now 48.2 million, 600,000 more than a year ago, all foreigners

The last year has seen the biggest population growth in 14 years, but it is all due to immigration. Residents with Spanish nationality have fallen by 13,000 and those born in Spain by 101,000. Spain has experienced in the last year the highest population growth in the last 14 years, with nearly 600,000 more inhabitants at the end of this first quarter than at the same time in 2022. As…

In Spain 23rd May 2023

Record start to the year: €450,000 million in bond issues

This has been a record start to the year, with €450,000 million in issuance. This exceeds the €422,000 million of the previous best start, in 2020, thanks mainly to the also record volume of €287,000 million of financial issues. Within financial issuance, the €124,000 million of covered bond issuance also marked a record start to the year, surpassing the previous record of €110,000 million last year and almost doubling the…

Spanish economy, Spanish Politics 22nd May 2023

Different paths on pension reform in France and Spain lead to mixed results

Jakob Suwalski (Scope Ratings | France and Spain have enacted pension reforms this year to put their pension systems on a sounder financial footing and boost employment, but doubts remain about their long-term sustainability and impact on the economy, given their similar demographic trends. The content of the reforms is also different. France (AA/Stable) aims to rebalance its pension system by raising the statutory retirement age from 62 to 64…

In Spain, Spanish economy 22nd May 2023

Spanish housing sales record second fall in March, down by 5.7%

Alphavalue/DIVACONS| Housing sales recorded a declining rate of 5.7% year-on-year in March to a total of 55,778 operations, in a context of higher interest rates to contain inflation, according to the National Statistics Institute (INE) on Thursday. With this year-on-year decline, housing sales are now showing two successive months of negative rates after declining by -6.6% in February. On the other hand, the Denaria platform branded as “abusive and arbitrary”…

Spanish economy 19th May 2023

Inflation triggers record €102 billion exports and €109 billion imports in Spain in 1Q23

Spain’s trade deficit in the first quarter of 2023 was €6.578 billion, a 57% decrease compared to 1Q22, according to data published by the Ministry of Industry. The energy deficit fell by 25.6% to €8,217.6 million, compared with €11,052 million in 1Q22, while the non-energy balance showed a surplus of €1,639 million compared with a deficit of €4,634 million in 1Q22. Spanish merchandise exports increased by 14.6% up to March,…

Companies, In Europe, Relevant News Item, Spanish economy 18th May 2023

Talgo signs new €1.3bn contract to supply 56 trains to Deutsche Bahn

BSabadell : According to press reports, Deutsche Bahn has awarded Talgo (TLGO) a contract for the supply of 56 additional trains, which it is understood are of the Talgo 230 model and which would form part of the contract it is currently executing (23 trains worth €550 million). At the prices of the first order the contract could exceed €1.3 billion (~40% of Talgo’s current portfolio). Assessment: If the news…

Spanish economy, Spanish Politics 18th May 2023

Spain’s debt rising by €6,795 million per month and reaches record €1.535 trillion

According to the Bank of Spain (BdE), the debt of Spain’s public administrations as a whole increased by 1% in March compared to February, reaching a record high of €1.535 trillion, bringing it to 113% of GDP (113.2% at the end of 2022) – the BdE uses the nominal GDP of the last four quarters for this calculation. In the last 12 months, Spain’s public debt has grown by 5.6%…

Relevant News Item, Spanish economy 18th May 2023

Naturgy buys Ardian’s renewable assets in Spain for €536 million

Naturgy has won the bid for the renewable assets of the French fund Ardian in Spain. The company headed by Francisco Reynés has announced today the acquisition of 100% of ASR Wind, which has a total of 422 MW distributed in 12 wind farms in operation in Spain. The transaction also includes a pipeline of solar hybridisations of up to 435 MW, which are at an advanced stage of development…

Spanish economy, Spanish Politics 17th May 2023

IEE think tank predicts Spanish businesses to pay highest contributions in Europe after Escrivá’s pension reform

Minister José Luis Escrivá’s recent pension reform will leave a public deficit of up to €22,000 million in the public coffers in 2023 alone, with its consequent negative effects on employment, growth and the competitiveness of the Spanish economy. This is what is stated in the latest report by the Institute of Economic Studies (IEE in its Spanish initials), which, under the title “La subida de las cotizaciones sociales (The…

« 1 … 141 142 143 144 145 … 425 »