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In Spain 2nd July 2025

Brussels Urges Spain to Accelerate Next Gen EU Funds, Citing Only 30% Received Compared to Italy’s 72%

Spain’s Minister of Economy, Carlos Cuerpo, has been stuck for months in negotiations with Brussels over the fifth payment of the Next Gen EU funds, totaling €23.9 billion: €8 billion in grants and €15.9 billion in soft loans. Because Pedro Sánchez’s government did not request the loans from Brussels until March 2023, Spain has only received €47.96 billion in grants and €340 million in loans so far. This means a…

Banco Santander

In Spain 2nd July 2025

Santander Buys TSB from Sabadell for €3.1 Billion

Banco Santander—currently the UK’s fourth-largest mortgage lender—will pay £2.65 billion (approximately €3.1 billion) in cash for TSB, the ninth-largest bank in the country. In addition to this, Sabadell will receive the €300 million that TSB is expected to earn until the transaction closes during the first quarter of 2026. This deal will allow Sabadell to pay €3.8 billion in dividends (equivalent to 1/6 of the bank’s capitalization) over the next…

Santos

In Spain 1st July 2025

Sánchez’s Right-Hand Man Goes to Jail

Yesterday, a Supreme Court judge ordered Santos Cerdán, until two weeks ago the PSOE’s organization secretary and Sánchez’s right-hand man, to prison without bail and incommunicado. Cerdán had accompanied Sánchez—along with José Luis Ábalos and Koldo García, also indicted by the judge—in the mid-last decade to retake the PSOE’s general secretariat. Sánchez had been expelled from this position by the federal executive for attempting to negotiate a government with separatists…

Zonas verdes Ciudad BBVA

Spanish economy 1st July 2025

BBVA Maintains Hostile Takeover Bid for Sabadell, Which Must Decide on TSB Sale

Carlos Torres’s BBVA has announced that it is pressing ahead, come hell or high water, with its hostile takeover bid for Banco Sabadell. The bank sent a note to the National Securities Market Commission (CNMV) reiterating its firm intention to acquire the Barcelona-based bank, despite the latter’s board of directors meeting this Tuesday to analyze an offer from Banco Santander to acquire its British subsidiary, TSB, for just under €2.7…

UN

In Spain 30th June 2025

UN Summit in Seville to Revitalize Development Aid, Which Fell 10% in 2024

The Andalusian city of Seville is hosting the 4th International United Nations Conference on Financing for Development (FFD4) from this Monday until July 3. This high-level gathering aims to rekindle global commitment to the Sustainable Development Goals (SDGs) as the 2030 Agenda approaches its conclusion. The summit, the first of its kind held on European soil, was inaugurated at the Exhibition and Congress Palace with an event presided over by…

Repsol Canada

Spanish economy 29th June 2025

Repsol sells 24% stake in Corridor block in Indonesia to Medco Energi for $425 million, adding $70 million to 2025 profits

Link Securities | The Spanish oil company informed the National Securities Market Commission (CNMV) that it has reached an agreement to sell its 24% stake in the Corridor block in Indonesia, where it is not the operator, to Medco Energi for $425 million. This transaction is part of Repsol’s asset rotation strategy to optimise its upstream portfolio and focus its efforts on assets that offer high profitability and cash generation….

Judges

In Spain 27th June 2025

Amnesty in Spain Declared Constitutional, now only Awaiting European Court of Justice

“We don’t have the last word because we are right. We are right because we have the last word,” a U.S. Supreme Court justice ironically explained. With that same implicit reasoning, six judges of the Spanish Constitutional Court (TC), directly appointed by the government, have declared—against the staunch opposition of the four magistrates appointed by the opposition—that the amnesty negotiated by Pedro Sánchez with the “procés” fugitives from Catalonia to…

ROVI MODERNA

Spanish economy 26th June 2025

Laboratorios Rovi: FDA approves Moderna vaccine for RSV in adults aged 18 to 59

Renta 4 | The FDA has given the green light to expand the use of Moderna’s vaccine for the treatment of RSV, the virus that causes bronchiolitis, in adults aged 18 to 59. This vaccine has already been approved by both the EMA and the FDA for use in adults over 60, as well as in the United Kingdom, Australia and Taiwan. Given Rovi’s agreement with the US pharmaceutical company,…

OTAN

In Spain 26th June 2025

NATO Summit: Sánchez Signs One Thing, Says Another, and Drives Everyone Crazy

The allies have finally had the pleasure of getting to know Pedro Sánchez Pérez Castejón, the new world leader of anti-Trumpism. A man capable of signing one thing, saying another, and ending up doing a third… Always, of course, what he believes suits him best. And all of this, according to him, without lying. They’re just “changes of opinion.” So, before arriving at the Hague summit, Sánchez boasted of having…

energia mercados

Spanish economy 26th June 2025

Spain’s trade deficit falls by 16.6% year-on-year in April thanks to decline in energy deficit

Link Securities | Spain’s trade deficit fell by 16.6% year-on-year in April to €3.8824 billion, driven by the decline in the energy deficit, according to figures published yesterday by the Ministry of Economy, Trade and Business. Spanish exports in April reached €32.51 billion, the second highest figure for the month of April. This represents a 2.2% year-on-year growth in exports in April, after adjusting for the calendar effect (which was…