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Ence nuevita

In Spain 6th August 2025

Regional Government of Galicia grants Integrated Environmental Authorisation to Ence’s bleached recycled fibre bioplant in As Pontes

Link Securities | The Galician Regional Government has granted Integrated Environmental Authorisation (AAI) to the bleached recycled fibre bioplanta of Ence (ENC) in As Pontes (A Coruña), as detailed in the Official Gazette of Galicia and reported by the Bolsamania website. This is a strategic step for the company in promoting this initiative, which was declared a strategic industrial project by the regional government in 2023. With the IEA, ENC…

empleo hosteleria

In Spain, Spanish economy 5th August 2025

Number of unemployed falls slightly in July to 2.4 million (implicit rate 10%)

Bankinter | The number of unemployed fell by 1,357 in July, from 48,900 in June. Unemployment stands at 2.40 million people (down 0.06% month-on-month and 5.71% year-on-year). Seasonally adjusted Social Security enrolment stands at 21.6 million people (up by 31,080 workers, 0.14% month-on-month and 2.24% year-on-year). Bankinter analysis team’s view: The number of unemployed fell slightly in July, compared to the slight upturns in August in recent years. The number…

BCE noche

Ibex, In Spain 4th August 2025

ECB test shows Banco Sabadell and Unicaja as institutions with greatest capital deterioration

Renta 4 | On Friday, the ECB released the results of the stress test. This exercise, we recall, does not establish a pass/fail threshold, but is designed to provide additional information for the supervisory review and evaluation process. The adverse stress scenario has been designed by the EBA/JERS for a three-year time horizon (2025-2027) and assumes a hypothetical worsening of geopolitical tensions, with very negative and persistent trade and confidence…

redeia fachada

In Spain 31st July 2025

CNMC announces remuneration proposal for 2026-2031 regulatory period: Redeia’s revenues would grow to €1.858 billion

Bankinter | The CNMC (National Markets and Competition Commission) has published its remuneration proposal for Redeia’s electricity transmission network business for the next regulatory period 2026-2031. The proposed financial remuneration rate is 6.46% (against 5.58% previously) and includes significant investments in the network for this period. As a result, Redeia’s regulated income would grow from €1.217 billion forecast for 2025 to €1.858 billion in 2031, representing an average annual growth…

Melia Hotels Ibiza

In Spain, Spanish economy 30th July 2025

Spanish hotels’ revenue up 6.9% during first half of 2025

Link Securities | Hotel revenues continue to rise, driven by positive tourism data—which continues to break records—and higher rates, according to the newspaper Expansión. According to the Hotel Sector Barometer, compiled by STR and Cushman & Wakefield, Spanish hotels increased their revenue by 6.9% in 1H2025, at a time when occupancy stabilised at peak levels. Specifically, during the period, hotel occupancy stood at 73.1%, which translates into 0.4% more than…

electricidad tendido

In Spain 23rd July 2025

Gas consumption for electricity rises 41% in Spain in first half of year due to blackout

CdM | In the first half of the year, coinciding with the blackout on 28 April, gas consumption for electricity generation in Spain rose by 41.2%, as the country relied heavily on fossil fuels to stabilise its electricity grid. As Enagás pointed out in a statement on its results, the growth in demand for gas for electricity generation was due to the ‘increased share of combined cycles after the blackout,…

exports gorgeous

In Spain, Spanish economy 22nd July 2025

Spanish trade deficit narrows to €2.543 billion in April

Singular Bank | According to the Ministry of Economy, Trade and Business, in May, Spanish exports increased by 2.7% year-on-year, reaching €34.999 billion, with capital goods sales (24%) and lower energy exports (down 32.7%) standing out. At the same time, imports rose by 3.1% to €37.5423 billion, with the largest increases in purchases of capital goods (14.8%), cars and parts (4.9%) and raw materials (10.7%). Given this development, the Spanish…

turismo madrid city tours

In Spain, Spanish economy 21st July 2025

Spain welcomes over 52 million international air passengers in 1H25, up 6.4% year-on-year

Alphavalue /Divacons | Spain received more than 52 million international air passengers in the first half of 2025. This figure represents an increase of 6.4% compared to the same period last year, according to data from Turespaña released on Friday by the Ministry of Industry and Tourism. According to Turespaña, Spain has broken records with more than 100 million international air passenger arrivals in 2024 and expects to strengthen its…

Barcelona housing

In Spain 20th July 2025

Mortgages on homes in Spain shoot up 54.4% in May, marking 11 consecutive months of increases, total amount rises 12.7%

CdM | Another surprise in the mortgage market. The National Statistics Institute (INE) published its mortgage statistics for May on Friday, showing that mortgages on homes rose by 54.4% compared to the same month in 2024, with a total of 42,274 loans signed. The increase in May is much higher than that recorded in April (up 14.4%), and with it, the signing of mortgages on homes has now risen for…

fcc edificio

Companies, In Spain, Relevant News Item 18th July 2025

FCC-Ferrovial consortium wins first section of Burgos-Vitoria high-speed rail line for €323 million

Alphavalue/ Divacons | The two construction companies, through a consortium formed in equal parts by both groups, will build the first section of high-speed rail between Burgos and Vitoria. The award of this section of the Basque AVE, valued at €323 million, comes after the disqualification of other competitors such as ACS, Acciona, Sacyr, OHLA and Grupo San José. The starting price for the tender proposed by Adif, the public…