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In Spain 2nd June 2025

Spanish per capita income is 86.6% of European average, surpassed by only two regions: Madrid and the Basque Country

Eurostat has published the data on per capita disposable income for the countries of the European Union up to the year 2022. This refers to the resources available to individuals, including salaries, capital income, public aid, and other income. In 2022, the per capita income (net disposable income) of Spain was €16,800 per year, which represents 86.6% of the average for the European Union of 27 countries. That is, 13%…

Spanish economy 2nd June 2025

CNMV approves Naturgy’s auto-IPO to acquire up to 9.08% of its capital at €26.50/share

Banc Sabadell : The National Securities Market Commission (CNMV) has authorised the auto-IPO of Naturgy (NTGY) to acquire up to 9.08% of its share capital (with the aim of improving its free float) at €26.50/share. The acceptance period will be 15 days from the day after details of the offer are published in the press. On the other hand, the company has confirmed that it will not go ahead with…

In Spain 30th May 2025

PP calls demonstration against “mafia government”

Spanish political life today revolves around some audios in which Leire Díez, a PSOE (Spanish Socialist Workers’ Party) member who has held senior positions in various state-controlled companies (Correos, ENUSA…), offers a businessman who fled Spanish justice a favorable deal from the prosecutor’s office if he reveals information that could compromise the head of the Central Operative Unit (UCO) of the Civil Guard. The UCO is the unit working with…

Spanish economy 30th May 2025

SEPI could grant Talgo €120m convertible loan to unblock Basque consortium’s entry in capital

Renta 4: According to press reports, SEPI (the State-owned industrial holding company) could grant a convertible loan to Talgo to unblock the entry of the Basque consortium in the capital of the rolling stock manufacturer. The operation would consist of a convertible loan amounting to €120 million to cover the fine of €116 million imposed by Renfe on Talgo for the delay in the supply of the 30 AVRIL trains….

Spanish economy 30th May 2025

Talgo calls EGM to reshuffle board after being left inquorate

Alphavalue/DIVACONS | The train manufacturer has called an Extraordinary General Shareholders’ Meeting for 27 June in order to restructure its board of directors, after it was left with an insufficient number of members to reach the quorum necessary for its valid constitution and operation. This situation follows the death of its independent director Emilio Novela Bartín on 16 May in Madrid, the company informed the National Securities and Exchange Commission…

Spanish economy 29th May 2025

Number of mortgages in March in Spain reaches 42,831, 44.5% increase in annual rate

Link Securities | According to data released yesterday by the National Statistics Institute (INE), the number of mortgages taken out on homes in March rose to 42,831, representing an increase of 44.5% year-on-year. The average amount of these operations was 156,698 euros, an increase of 14.3% in the interannual rate. In addition, the average amount of mortgages on the total number of properties registered in the land registries (from previously…

Spanish economy 29th May 2025

Fluidra president concerned about US tariffs; company raises prices in North America by 3.5%

Link Securities | Fluidra (FDR) is concerned about the US tariffs due to the uncertainty they cause, although it recognises that, for the moment, they have had no impact on its accounts, according to the president, Eloi Planes, who told Expansión on Tuesday. The executive described the tariffs as a negative roller coaster for the economy and recalled that FDR has studied with its suppliers a realignment of the supply…

In Spain 29th May 2025

‘New’ Bank of Spain, factory of falsehoods

The arrival at the Bank of Spain of José Luis Escrivá, who left his ministerial portfolio with Sánchez to take control of the Bank of Spain and end the critical tone that the issuing bank maintained regarding the government’s economic policy, has already claimed several victims. The most prominent, a few days ago, was that of Ángel Gavilán, the entity’s Director of Economics, who, after presenting the issuing bank’s latest…

Spanish economy 28th May 2025

Collapse of credit foreshadows more banking restructuring

Aurelio Medel (5 Días) | The fall in indebtedness of companies and families can be interpreted as proof of the improvement of their financial health, also as further evidence of the low investment made in Spain, or as a warning that the restructuring of the financial sector will continue. The decline in credit activity adds to a context of a permanent increase in capital requirements, which have placed the sector…

In Spain 28th May 2025

Sánchez, pressured by Puigdemont, will decide on BBVA’s Sabadell takeover bid within 30 days

The Minister of Economy, Trade, and Business, Carlos Cuerpo, has finally decided to elevate BBVA’s public takeover bid (OPA) for Banco Sabadell to the Council of Ministers for the integration to be examined for reasons of general interest other than competition. This is a move expected by the market. Now, a period of 30 calendar days begins for the Council of Ministers to issue its opinion on the OPA. The…

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