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taxes confiscation

In Spain 22nd April 2025

Tax pressure on average Spanish family increases 30% due to non-deflation of Personal Income Tax

The Foundation for Applied Economics Studies (Fedea) has calculated that the non-adjustment for inflation of the Personal Income Tax (IRPF) for a family of four with a gross income of €50,000 has led to a 30% increase in the tax bill, although the effects are even greater in proportional terms for lower incomes. In its latest report, Fedea has analyzed the consequences of not updating the tax scale and the…

Spanish SMEs provide jobs for 71% of social security contributors

Spanish economy 21st April 2025

Spanish self-employed workers: Lower turnover and higher expenses

This is revealed by the latest Barometer from the Association of Self-Employed Workers (ATA), which details that “40.9% of self-employed workers state that their turnover has decreased in the first quarter of the year compared to 2024,” while “28.4% believe that their activity will decrease in the coming months.” In fact, “three out of four self-employed workers are not optimistic and have a negative (45.6%) or very negative (28.7%) perception…

Aena nuevita

In Spain 21st April 2025

Airport traffic in Spain rises 4% in March to almost 24 million passengers, and up 5% year-to-date

Intermoney | Aena (Buy, PO 215 ) announced yesterday with the market open the passenger and freight traffic to March 2025. Figures in Spain showed an increase of 4% last month to just under 24 million passengers, of which almost 10 million were distributed between Barajas and El Prat, which increased their figures by just under 3%. Among the other major airports, Malaga (8%) and Alicante (16%) stood out. So…

Cuerpo

Spanish economy 16th April 2025

Washington Asks Spain to spend more on Military and Eliminate ‘Google Tax’

The Spanish and US governments held their first high-level meeting yesterday, Tuesday, after Donald Trump returned to the White House on January 20th. Carlos Cuerpo, the Spanish Minister of Economy, visited Scott Bessent, the US Secretary of the Treasury, in Washington just days after Pedro Sánchez met with Xi Jinping in Beijing. According to the rhetoric of the new US administration, Spain is a problem because it is the NATO…

MasOrange logo

In Spain 16th April 2025

Masorange awards Sopelana-Irún undersea cable connection in Basque Country to Chinese company ZTE

Alphavalue / Divacons | The Spanish telecommunications company has awarded ZTE, the Chinese telecommunications network manufacturer, a project to build a fibre optic line in the Basque Country, connecting Sopelana (Biscay), where transatlantic submarine cables arrive, with the French border in Irún. The new infrastructure will provide an alternative or diversified route between northern Spain and France. This deployment will allow technology companies, which provide Internet services, data centres, streaming…

Iberdrola edificio

In Spain 15th April 2025

Iberdrola breaks records for distributed electricity with 62,577 GWh in Q1 2025, and renewable generation of 25,222 GWh

Link Securities | Between January and March, the energy company has beaten its historical figures for electricity distributed through its networks in Q1 2025, with 62,577 GWh, 1.7% more than in the same period of 2024, as reported by the company to the National Securities Market Commission (CNMV). This good operational performance of the networks business is based on the increase in electricity demand in all the areas where the…

unemployment spain

Spanish economy 15th April 2025

“Effective unemployment has only decreased by 72,000 people since 2019” according to FEDEA

FEDEA, the Foundation for Applied Economics Studies, published a new document yesterday in which its director, Angel de la Fuente, points out that “The improvement recorded between 2019 and 2023 or 2024 is considerably smaller in the case of effective unemployment than in registered unemployment. Comparing December 2024 with December 2019, for example, registered unemployment has decreased by just over 600,000 people, while effective unemployment has only decreased by 72,000.”…

España deuda publica

Spanish economy 14th April 2025

Fitch maintains Spain’s rating at A-, positive outlook and estimates GDP at +2.5% this year driven by domestic demand

Bankinter | Standard & Poor’s revises Italy’s rating upwards to BBB+ from BBB, stable outlook. The agency highlights the improvement in public finances and estimates a progressive reduction of the deficit in the coming years. Specifically, it anticipates that it will stand at 3.4% this year (compared to 7.2% in 2023) and that it will fall below 3.0% in 2027. It also anticipates a gradual improvement in economic growth. It…

inflation rises

In Spain 14th April 2025

Inflation stands at 2.3%

According to the final reading of the data, released by the National Statistics Institute (INE), the Consumer Price Index (CPI) in Spain rose by 0.1% in March compared to February. In year-on-year terms, Spain’s CPI rebounded by 2.3% in March (3.0% in February), a reading that coincided with its preliminary figure and with analysts’ expectations. In March and in year-on-year terms, the groups that stood out most for their influence…

grifols edificio

Spanish economy 11th April 2025

Brandes Investment increases stake in Grifols’ B shares to 16.4%

Alphavalue/DIVACONS | Brandes Investment Partners has taken advantage of the sharp fall in the stock market value of the Catalan company specialising in plasma products following the tariff crisis to increase its stake in the B shares (non-voting) to 16.4%, with an estimated value of €250 million. This position could be key if Brookfield decides to resume its takeover bid for the company. Grifols shares rose 6.63% on Thursday. Grifols:…