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Sanchez

In Spain 17th September 2025

Junts Gets Sánchez to Oblige Companies Across Spain to Provide Customer Service in Catalan, Business Association Awaits Reaction of Basques and Galicians

Junts per Catalunya has reached an agreement with the government of Pedro Sánchez to accept that Catalan be given de facto official language status for customer service in companies with more than 250 employees or €50 million in annual turnover. The pact includes substantial amendments to the Customer Service Bill, which will regulate the services of large companies. Sources from Carles Puigdemont’s party emphasize the companies’ “obligation” to provide service…

Spain ratings

In Spain 16th September 2025

S&P Raises the Kingdom of Spain’s Rating from A to A+

Last Friday, the credit rating agency Standard & Poor’s (S&P) upgraded Spain’s credit rating from “A” to “A+.” This decision was based on the country’s vigorous economic growth, the positive impact of immigration on the labour market, and the success of its exports, which have low exposure to US tariff policies. In its report, S&P explained that a decade of private sector deleveraging in Spain has led the country to…

inflation board

Spanish economy 15th September 2025

Spain’s CPI rises to 2.7% year-on-year in August

Although consumer prices (CPI) remained unchanged in Spain in August compared to July, according to the final data released by the National Statistics Institute (INE), Spain’s year-on-year CPI increased by 2.7% through August, the same rate as in July. In August, the group that stood out most for its positive influence on the increase of the year-on-year CPI growth rate was transport prices, whose year-on-year rate rose one point to…

industria central alemania

In Spain, Spanish economy 12th September 2025

Industrial production in Spain falls 0.5% in July; capital goods experience greatest contraction, 3.6%

Link Securities | The National Statistics Institute (INE) reported that industrial production in Spain fell by 0.5% in July compared to June, according to seasonally and calendar-adjusted data. By sector of activity, in July, the production of durable consumer goods rose the most (1.3%), while capital goods experienced the greatest contraction (3.6%). In year-on-year terms, in seasonally and calendar-adjusted data, industrial production rebounded in July in Spain by 2.5% (1.9%…

pensions bankrupcy

In Spain 12th September 2025

Bankruptcy Filings Rise 7.4% Through August

Crédito y Caución | According to the tracking of bankruptcy proceedings published in the BOE (Official State Gazette), the business sector saw a 20% year-on-year increase in corporate insolvencies in August. For the year as a whole, this amounts to a 7.4% increase compared to the same period in 2024. By the end of August, 4,034 bankruptcy proceedings had been initiated in Spain, compared to the 3,757 that had been…

RepsolImaz

Spanish economy 11th September 2025

Europe has gas but doesn’t exploit it, “because we are sustainable, so we commit to buying it from the US. A fantastic exercise in continental hypocrisy,” explains Repsol CEO

Europe has significant gas fields in the Netherlands, the North Sea, Poland, and Spain, but they are not exploited. “We say we don’t do it because we are sustainable, and then we make a commitment to buy it from the US, which is a fantastic exercise in continental hypocrisy,” says Repsol’s CEO, Josu Jon Imaz. This is because “these products are then imported, increasing carbon dioxide (CO2) emissions in the…

espana europa billete

In Spain, Spanish economy 10th September 2025

Labour cost per hour worked in Spain up 3.8% in Q2 2025

Link Securities | According to the Harmonised Labour Cost Index (ICLA) published by the National Statistics Institute (INE), the labour cost per hour worked increased by 3.8% in Spain in Q2 2025 compared to the same period last year (up 3.7% in Q1 2025), in seasonally and calendar-adjusted figures. In unadjusted data, the year-on-year change in the cost per hour was 5.4% (up 1.9% in Q1 2025). In turn, wage…

congreso diputados1

In Spain 10th September 2025

Government to suffer new parliamentary defeat today, at start of political season

Unless something changes—and there’s no sign that it will—the coalition government will face another parliamentary defeat today, at the start of the political season, which will clearly highlight its enormous parliamentary weakness. The bill to reduce the 38-hour workweek by half an hour, drafted by Yolanda Díaz, the leader of the communist wing of the government and head of the Ministry of Labor, will be rejected with the 177 votes…

ElectricityTC

In Spain 9th September 2025

Over 1000 companies compete for Endesa, Iberdrola, Naturgy and EDP’s low-voltage network

Banc Sabadell | This Tuesday, the major electricity companies —Endesa, Iberdrola, Naturgy and EDP— must publish their low-voltage network distribution map, revealing the availability for new consumer connections, which should be completely saturated. This situation would affect more than a thousand companies with pending projects, especially data centres and large industries, which could be forced to relocate if they cannot obtain a connection. Assessment: With the distribution map ‘full’, or…

Montero

In Spain 9th September 2025

Treasury body denounces hidden increase in tax burden for not deflating personal income tax (IRPF) brackets

The Taxpayer Defense Council explains that it “doesn’t seem reasonable” that rising prices should lead to an increase in taxpayers’ tax bills. The Council is denouncing what many experts have already pointed out: that not deflating the tax brackets when there have been years with inflation above 8% (8.4% in 2022, 3.5% in 2023, and 3.2% in 2024) constitutes a significant, hidden increase in the tax burden. This is because…