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Forty years of Spanish constitution: What's next?

In Spain 25th April 2025

NATO corrects Sánchez and demands additional €3 billion in defense spending

NATO yesterday once again pointed to Spain as the member of the Atlantic Alliance that makes the lowest investment in defense relative to the size of its economy. In fact, the organization’s annual report indicates that the country’s military spending closed 2024 at 1.24% of its GDP, compared to the 1.4% outlined in the government’s rearmament plan. The figure increases the outstanding gap to reach the commitment of 2% of…

Spain importing so much again

In Spain 24th April 2025

China becomes Spain’s top supplier

In the first two months of the year, the Spanish trade deficit has soared to €9,612 million, of which €6,079 million correspond to the deficit with China. China has become Spain’s top supplier, ahead of Germany, after its exports to Spain grew by 22.9% to €8,002 million. In February, Spanish goods exports grew at an annual rate of 0.4% and at a month-on-month rate of 7.4%. Meanwhile, imports in February…

colonial inmo

In Spain 24th April 2025

Inmobiliaria Colonial buys Deeplabs, platform specialising in management of scientific campuses, for €200m

Intermoney | Inmobiliaria Colonial (COL) (Buy, Target Price €8.5) reported on Tuesday, after the market close, that it has bought the Deeplabs platform, specialising in the management of scientific campuses, for €200 million from the Stoneshield fund. In turn, the REIT has reached an agreement with the same fund to create an investment vehicle to grow in this market segment at European level. Deeplabs has three scientific campuses in Barcelona…

spain savings rate

Spanish economy 23rd April 2025

Spain’s general government debt rises 2.6% to €1.646 trillion in February

The debt of the Public Administrations stood at €1.646 trillion in February, which represents a growth of 2.6% in year-on-year terms, with €42,051 million more, as reflected in the data of the Excessive Deficit Protocol published by the Bank of Spain. Compared with the previous month, the debt balance increased by €16,906 million, or 1.04%. Specifically, the State debt stood at €1.498 trillion, with a year-on-year increase of 3.8%, while…

Sanchez

In Spain 23rd April 2025

Sánchez increases defence spending by €10 billion with no budgets and bypassing Parliament

Pedro Sánchez announced yesterday that Spain will increase its military spending by €10 billion this year, although only 20% of that figure will be allocated to the purchase of equipment and materials, while 35% will go to raising the salaries of the military. With this increase, Spanish spending on security and defense will reach 2% of GDP this year, totaling more than €33 billion. Sánchez thus contradicts himself, once again,…

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…