The Volkswagen Group aims to close down SEAT, Spain’s only automotive brand, by the end of 2029. This move would involve phasing out the brand to focus exclusively on the premium Cupra brand, although the group does not appear to intend to close its Spanish subsidiary or the Martorell plant, which employs around 12,000 people. This was reported by the German business magazine WirtschaftsWoche, ahead of the Volkswagen Group Supervisory…
This difference serves as a solid indicator of the discount demanded in the market. Idealista.com, Spain’s largest property listing platform, projects the seller’s asking price—which is almost a wishlist—whereas notary records (notaries are always present at the closing of a deal) record the actual final price paid, which sits roughly 29% below the original listing price. According to the chart compiled by spainhousing.eu: Left axis (line): Housing price in euros…
According to official figures from the SEPE, unemployment rose by 44,419 people compared to July (+1.92%), reaching a total of 2,355,918 people. The year-on-year decrease stands at 70,593 people and is largely due to the extraordinary immigrant regularization process, which has mitigated the negative impact of the end of the summer season. The spike in unemployment affected all 17 autonomous communities, particularly Catalonia (+14,594), Madrid (+6,881), and the Valencian Community…
According to data from the Bank of Spain (BdE), Spain’s current account surplus fell to EUR 2,410 million in June, down from EUR 5,330 million in the same month of the previous year. The decline was mainly driven by a lower surplus in the goods and services account, which stood at EUR 3,280 million compared to EUR 6,170 million in June 2025. Meanwhile, the joint deficit of primary and secondary…
The National Statistics Institute (INE) reported that retail sales in Spain fell by 0.9% in July compared to June, a month in which they had rebounded by 0.3%. By distribution channel, e-commerce sales experienced the sharpest decline during the month (-2.5%). Excluding gas station sales, which dropped 4.4% in July, retail sales decreased by 0.6% month-on-month. By product category, food sales declined by 0.7%, while non-food products fell by 0.6%….
Prices in Spain rose by 4.3% in August compared to the same month in 2025, driven by rising fuel costs—a jump seven-tenths higher than July’s figure (3.6%) and the highest rate since February 2023. Spain’s National Statistics Institute (INE) published this Friday the advance Consumer Price Index (CPI) data for the month, which was shaped by price hikes in fuels and lubricants for personal vehicles, products that had dropped in…
Upon the proposal of the Ministry of Industry and Tourism; the Ministry of Economy, Trade and Enterprise; and the Ministry for the Ecological Transition and the Demographic Challenge, the Council of Ministers approved the final agreement on the free allocation of greenhouse gas emission allowances to installations subject to the emissions trading scheme for the 2026–2030 period. This will affect more than 650 industrial plants, which will collectively receive an…
This August, Social Security allocated a record €14.4704 billion to pay the standard monthly contributive pension payroll, a 6.2% increase compared to the same month in 2024, as reported this Tuesday by the Ministry of Inclusion, Social Security and Migration. This payroll includes the pension revaluation approved by the Government for 2026. Generally, the increase reaches 2.7%, matching the average CPI between December 2024 and November 2025. The average retirement…
Spain and five other European Union (EU) countries are demanding a debate in September on a windfall tax on oil companies’ extraordinary profits. Germany, Spain, Portugal, Italy, Poland, and Austria have requested that the issue be included on the agenda for the meeting of EU Finance Ministers on September 18 and 19 in Dublin, following the sharp surge in energy prices caused by the Iranian blockade of the Strait of…
Overwhelming the border, on July 30 and 31, more than 80,000 people from Morocco entered Ceuta—a Spanish city of 83,000 inhabitants. Moroccan and Sub-Saharan nationals, adults and minors, men and women… In a display of helplessness that reflects the Government’s difficulties in enforcing respect for Spanish borders. And which, almost a month later, continues. Against all evidence, the Spanish Government has been determined ever since to highlight Morocco’s collaboration in…