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Gibraltar

Spanish economy 5th June 2026

Treasury updates tax havens list, from Anguilla to Vanuatu

The Spanish Treasury has submitted to public consultation—until last Monday, June 1—the Draft Order that will modify the list of “countries, territories, and harmful tax regimes deemed non-cooperative jurisdictions.” Among the updates, the most notable is the proposed removal of Gibraltar, Dominica, Barbados, Seychelles, and Trinidad and Tobago as non-cooperative jurisdictions, meaning they would no longer appear on the Spanish blacklist. Conversely, the Draft Order plans to incorporate the tax…

poverty

In Spain 4th June 2026

Nearly 10 million living in poverty—on less than €12,200 a year—in Spain, which leads Europe in child poverty

This is according to the 16th Poverty Report 2026, prepared by the European Network Against Poverty and Social Exclusion in the Spanish State (EAPN-ES). The report highlights how high housing prices are dragging down economic improvement, noting that it would take seven years of sustained economic growth to reach the same average poverty levels as the EU. Spain leads economic growth in Europe, driven in part by the arrival of…

Judges

In Spain 3rd June 2026

Spanish judges demand respect from the government

The General Council of the Judiciary (CGPJ), the governing body of Spanish judges, has asserted “the need to respect the independence of the Judiciary” in the face of “disparagement” originating from “high state institutions.” The CGPJ’s Permanent Commission has approved an institutional declaration expressing its concern “over the statements” made by “officials of high state institutions that question the independence, responsibility, and submission to the law” of various “judicial proceedings.”…

electricity megawatts

In Spain 2nd June 2026

€9 billion 10-year mechanism via open auctions to ensure security of electricity supply

Report by Banco Sabadell The EC has authorised Spain’s proposal to create a capacity mechanism valued at €9 billion over 10 years (~€900 million/year) to ensure security of electricity supply. The scheme will remunerate the availability of firm capacity during periods of scarcity, reinforcing the stability of the system and preventing blackouts. It will be allocated through open auctions and the main potential beneficiaries will be combined-cycle plants, pumped-storage hydro,…

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Spanish economy 2nd June 2026

Spanish Stock Market traded €42.277 billion in May, up 32.7%

The Spanish stock market traded €42.277 billion in equities last May, representing a 32.7% increase compared to the volume recorded in the same month of the previous year, according to the monthly report on markets operated by Bolsas y Mercados Españoles (BME) published yesterday. Although the trading volume in May fell by 3.8% compared to April, the accumulated total for the first five months of the year already reaches €216.913…

espana chinchetasCM

In Spain, Spanish economy 1st June 2026

DBRS affirms rating for Spain at A (high), with stable outlook, in line with other agencies such as S&P

The rating agency considers that the risks to the outlook are balanced, despite downward pressure from external events. The economy continues to grow above the EU average and is supported by funds (NGEU). Weaknesses include the lack of a budget approval since 2023, comparatively low levels of per capita income and a high, albeit declining, public debt ratio. Analysis team’s view: unsurprisingly, the DBRS rating is in line with that…

PSOE

In Spain 1st June 2026

PSOE old guard attempts to react as former leaders call for Extraordinary Congress

While the Prime Minister—who has gone three years without an approved budget, lacks a parliamentary majority, and is surrounded by corruption on all sides—insists on staying in power “until 2027 and beyond,” some historic leaders of the PSOE seem determined to fight back. This weekend, Emiliano García-Page, the president of Castilla-La Mancha and a long-standing figure within the party, mounted a fierce defense of state institutions, warning that “whoever retreats…

salaries spainTC

In Spain 29th May 2026

The most common salary in Spain: €16,520

In Spain, the average gross salary grew by 5.3% in 2024, reaching €29,540.2 per year, marking 11 consecutive years of increases. However, according to the “2024 Wage Structure Survey” published this Thursday by the National Statistics Institute (INE), many low-income workers have shifted into the €16,000–€17,000 annual range, making this salary bracket the most frequent in 2024. Consequently, the most common salary in Spain in 2024 was €16,520.2 gross, which…

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Spanish economy 29th May 2026

Preliminary inflation in Spain for May remains at 3.2% amid energy crisis caused by war in Iran

Reported by Consejeros Editorial Team The CPI maintained its year-on-year rate at 3.2% in May and has now been above 3% for three consecutive months amid the energy shock caused by the war in Iran, according to data released on Friday by the National Statistics Institute (INE) and reported by Europa Press. The agency explained that in May’s inflation performance, transport and recreational activities, sport and culture pushed prices up,…

Sanchez

In Spain 28th May 2026

Police raid PSOE headquarters; party created network to sabotage trials against Sánchez’s inner circle, judge alleges

At 9:00 p.m. yesterday, the Civil Guard (Guardia Civil) left the PSOE headquarters after a raid lasting more than 12 hours. The judge who ordered the operation is investigating whether the Socialist Party paid over €188,000 to a network tasked with digging up “dirt” on the police officers, judges, and prosecutors investigating cases against the Prime Minister’s family members. (Coincidentally, the trial against his brother and other defendants for malfeasance…