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bbva sabadell

Spanish economy 8th September 2025

BBVA’s Sabadell Bid Begins Today with Offer That Represents 8% Loss for Shareholders

Today, the acceptance period for the takeover bid for Banco Sabadell finally begins. BBVA announced the bid on May 9, 2024, after Sabadell’s board rejected the Basque bank’s friendly offer. In the year and a half since, BBVA has had to secure approval from the Spanish National Markets and Competition Commission (CNMC)—which imposed tough conditions to ensure competition—the Government—which has forbidden the Basque bank from merging for three years, thus…

renfe america

In Spain 5th September 2025

New Rail Chaos, Minister Warns Problems Will Continue for at Least Two Years

Yesterday, while the Minister of Transport, Óscar Puente, was appearing in Congress to explain the problems suffered by Spain’s railway network this summer (when four out of 10 trains had issues and the average delay on high-speed lines was 20 minutes), ADIF’s computer system—responsible for the rail network—crashed. This created new chaos in Madrid’s stations, especially at Chamartín. The incident ended up affecting thousands of passengers and all trains with…

ryanair aviones

In Spain 4th September 2025

Ryanair announces pullback in Spain after AENA’s announcement to raise airport fees by €0.68 per passenger

The Irish airline Ryanair has announced that this winter it will close its base in Santiago de Compostela and cancel all flights to Vigo and Tenerife North. This cutback affects numerous Spanish routes due, according to the company, to the “excessive and uncompetitive airport fees” imposed by Aena, which has decided to raise them by 0.68 euros per passenger. The decision was communicated by CEO Eddie Wilson during the presentation…

Montero

In Spain 3rd September 2025

Government turns regional debt write-off demanded by partners into new attack against PP, which rejects it

While Puigdemont demanded an amnesty from Sánchez in exchange for his support for the investiture, ERC demanded a write-off of the Catalan government’s debt. Sánchez accepted both agreements, and yesterday, the Council of Ministers approved the draft law that will allow a write-off of €83.252 billion for all regions except the Basque Country and Navarra, which are not under the common regime. To make the measure more palatable, the government…

unemployment spain

In Spain 2nd September 2025

Spain, with 10.4%, still leads euro area, with 6.2%, in unemployment

The unemployment rate for the euro area dropped by one-tenth of a percentage point in July, to 6.2%, while the rate for the European Union also fell by one-tenth, settling at 5.9%. These figures, published by Eurostat, show Spain with the highest level of unemployment among the 27 member states, with a rate of 10.4% for the second consecutive month. Eurostat’s data indicates that 13 million people were unemployed in…

comercio minorista alimentos

In Spain, Spanish economy 1st September 2025

CPI in Spain remains at 2.7% in August, but core inflation rises 1/10 of a percentage point to 2.4% thanks to lower food and electricity prices

CdM | The Consumer Price Index (CPI) remained at 2.7% year-on-year in August, thanks to food and electricity prices offsetting fuel prices, according to data released on Friday by the National Statistics Institute (INE). The stability of the year-on-year CPI in the eighth month of the year slows down the rise in the inflation rate experienced during the previous two months. The agency explained that the CPI remaining at 2.7%…

spanish PM pedro sanchez

In Spain 1st September 2025

Spain: An Incorrigible Triumphalism

A.A. | “It’s sad, for example, that a good idea, the Minimum Living Income (IMV), hasn’t worked… The reality today is that fewer people are receiving the IMV than were previously receiving the minimum incomes offered by the Autonomous Communities.” This confession was made to us a couple of months ago by a member of parliament from Sumar, the PSOE’s coalition partner in the government, over dessert. He admitted sadly…

vivienda nueva

In Spain, Spanish economy 29th August 2025

Home sales in Spain accelerate in June: up 5.9% year-on-year compared to 2.0% drop in May

Bankinter | According to notaries, the number of sales reached 68,128 transactions in June, representing growth of 5.9% (year-on-year) compared to 62,587 transactions in May (a drop of 2.0%). The average price per square metre stood at €1,906/m² in June, representing an increase of 8.0% year-on-year (€1,836/m²; up 6.7% in May). Analysis team’ view: Good news. The property market is showing strength again after the fall in home sales in…

Spanish consumer spending TC

In Spain 29th August 2025

Spain leads decline in economic confidence within EU

Economic confidence dropped by 0.3 points in August in the European Union and 0.5 points in the Eurozone due to a feeling of uncertainty that has spread to consumers and businesses, according to a report published yesterday by the European Commission. “Among the main EU economies, the Economic Sentiment Indicator fell considerably in Spain (down 2.6), with more moderate deteriorations in Germany (1) and Italy (1). In contrast, it increased…

Mortgage floor clauses

In Spain 28th August 2025

Mortgage Signings Skyrocket by 25% in First Half of Year

In the first half of 2025, a total of 243,257 mortgage loans were signed in Spain to buy homes, a 25% increase over the same period last year and the highest figure since 2011. According to data published yesterday, Wednesday, by the National Institute of Statistics (INE), in June alone, loans exceeded 41,800 signings, a 31.7% annual increase. The average mortgage amount also grew by 15.5%, reaching 168,363 euros, with…