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CarlosCuerpo

In Spain 18th December 2025

Spain abandons 64 EU-funded plans deemed “unachievable”

The European Commission has revealed that the Spanish Government has abandoned 64 measures originally planned to be financed with European funds for various reasons that render them “unreachable.” This was disclosed in the Commission’s decision to accept Spain’s new Recovery Plan, in which the Government extensively revises its 2021 commitments downwards, withdraws from major programs—the so-called PERTEs—and renounces 37% of the European funds to which it was entitled. According to…

Spain real estate

In Spain 17th December 2025

Home sales in Spain fall 2.5% year-on-year in October to 67,789 transactions due to collapse in new-build sales

Link Securities | The National Statistics Institute (INE) reported that in September, home sales in Spain fell by 2.5% year-on-year to 67,789 transactions. Compared to September, the number of home sales rose by 6.3%, while the cumulative increase for the year to October (10M25) was 12.3%. In the month analysed, 93.4% of the homes sold in October were private and 6.6% were social housing. Furthermore, in year-on-year terms, the number…

Spain construction

In Spain, Relevant News Item 17th December 2025

Absenteeism Skyrockets in Spain: 1.2 Million People Miss Work Daily

The Círculo de Empresarios (Circle of Businessmen) reports that nearly 1.2 million people are absent from their jobs every day, representing a cost to Spain that could now reach up to 5.4% of GDP. The primary driver of this increase is absences due to temporary disability (incapacidad temporal). “The rise in absenteeism is eroding business competitiveness and generating a growing cost for the economy as a whole. It is essential…

Spanish SMEs provide jobs for 71% of social security contributors

In Spain 16th December 2025

Association of Self-Employed Workers reports government to EC for refusing to apply VAT exemptions for low-turnover freelancers

The Government’s refusal to implement a VAT exemption for self-employed workers with lower income volumes—a measure already implemented in most European Union countries and which was supposed to be approved by January 2025—has led the main self-employed association, ATA, to report the Spanish Executive to the European Commission. The complaint cites the refusal to transpose the community directive modifying the special VAT exemption regime for the self-employed and SMEs—known as…

cellnextorre

In Spain 15th December 2025

CNMC considering liberalising access to telephone, audiovisual and radio network, benefiting Cellnex and Telefónica

Banc Sabadell | The Spanish Compeition Authority (CNMC) is reportedly considering liberalising access to the physical infrastructure (ducts) of the telephone network and to the audiovisual and radio signal transport network. The former could benefit Telefónica (TEF) in a residual manner (the rental of ducts to other operators accounts for approximately €70 million in revenue, or approximately 0.2% of the group’s revenue), and the latter could benefit Cellnex (CLNX) (the…

Montero

In Spain 15th December 2025

Over 640,000 taxpayers still waiting for tax refunds from Treasury

Five months after the end of the Income Tax payment period (June 30), and with barely 15 days left until the end of the year, the Treasury (Hacienda) has still not refunded the amounts from the last Income Tax declaration to 643,000 taxpayers. If it fails to do so before December 31, it will have to pay late payment interest (intereses de demora) for the delay, provided that the liquidation…

Juan Flames BME

In Spain, Relevant News Item 12th December 2025

Spanish Stock Market Reaches Historic Highs and Hits 17,000 Points

Juan Flames, CEO of BME (the management company of the Spanish Stock Exchange) explains that “Spain has a cutting-edge stock exchange, a leader in dividend yield and, this year, with gains superior to any other European market.”(…) “If we add the dividend yield, with a historical average of 4.2%, the Spanish Stock Exchange is bringing a lot of joy to the investment community”. What a year for the stock market!…

Spanish public debt

In Spain 12th December 2025

Final CPI for November in Spain confirms preliminary annual figure of 3.0%, in Germany also unchanged at 2.3%.

Bankinter | The (final) CPI for November confirms the preliminary year-on-year figure of 3.0%, in line with expectations and down from the previous figure of 3.1%. The core CPI also confirms 2.6% year-on-year, also in line with expectations and down from 2.5% previously. In month-on-month terms, the anticipated 0.2% monthly (down from 0.7% previously) and 0.1% monthly for the core CPI (down from 0.5% previously) are also repeated. Analysis team’s…

cnmv

In Spain 11th December 2025

CNMV to halve reporting requirements for listed Spanish companies

The Spanish National Securities Market Commission (CNMV) has presented its ‘Supervisory Actions Simplification Plan,’ which will reduce by up to 50% certain types of information that supervised entities must provide in their periodic reports to the body. The stock market supervisor’s new plan consists of 31 measures, 18 of which are aimed at reducing the documentation required with the goal of simplifying it in a “proportionate” manner, “avoiding duplication,” and…

sanchez ursula

Spanish economy 9th December 2025

Government reduces reform agenda to secure arrival of €25 billion from European recovery plan

The Government has already agreed with Brussels on a new scenario of milestones and targets so that Spain can access all the remaining direct aid from the Recovery Plan. What is at stake is the way to capture and execute the nearly €24.7 billion in outstanding non-reimbursable funds before the opportunity expires in August of next year. After several weeks of intense negotiations with the European Commission, the Ministry of…