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Spanish economy 21st August 2026

Brussels approves Spain’s proposal to bid for one of the European AI gigafactories

The European Commission has approved the creation of a joint venture between ACS, Telefónica, Banco Santander, and SEPI Digital to bid for one of the seven European artificial intelligence (AI) gigafactories that the EU Executive plans to build. The Spanish project, backed by Portugal, features a dual location split between Móra la Nova (Tarragona) and San Fernando de Henares (Madrid). At the end of July, the EU announced the launch…

euro.growth

Spanish economy 20th August 2026

Spain generates nearly 200 million in new debt daily

Spanish public debt has reached 1.763 trillion, a new record, but the most important thing for the Government is that the Debt-to-GDP ratio has fallen from 103.4% to 101.5% of GDP in one year. It forgets to mention that inflation in the first half of the year stood at 3.2%, meaning GDP is “inflated” by price increases that do nothing but erode Spaniards’ purchasing power. Economic theory emphasizes that public…

exports gorgeous

Spanish economy 19th August 2026

Trade deficit rises 30% in the first half of the year, reaching €32.781 billion

The trade deficit stood at nearly €32.781 billion in the first six months of the year, representing a 30.5% increase compared to the same period of the previous year, according to data from June’s foreign trade report published this Tuesday by the Ministry of Economy, Trade and Business. This result is the outcome of a 2% increase in exports, which reached €201.1336 billion between January and June—the second highest figure…

Miseria

In Spain 18th August 2026

Spain’s ‘Misery Index’ worse than Portugal’s or Greece’s

Spain’s “Misery Index,” as measured by Bloomberg (13.7), is worse than that of Greece (11.4), Portugal (8.64), the European Union (8.9), and the Eurozone (9.2). The Misery Index is a simple economic indicator designed to measure the economic discomfort or stress felt by the average citizen in a country. It was created in the 1970s by American economist Arthur Okun and is calculated by adding two key variables: Misery Index…

Almaraz

In Spain 17th August 2026

Government extends the lifespan of the Almaraz nuclear power plant until June 2030, but maintains the 2035 phase-out date

The limited extension is adopted after considering the energy situation marked by uncertainty in international energy markets. However, the Ministry emphasizes that this extension does not alter the closure date for the entire nuclear fleet in 2035. The Ministry for the Ecological Transition and the Demographic Challenge (Miteco) published Order TED/864/2026 of August 12 in the Official State Gazette (BOE) on Friday, granting the renewal of the operating authorization for…

OHLA.new

Companies, In Spain 14th August 2026

OHLA posts €500,000 profit in first half of year after factoring in impact of Flaggers litigation

Consejeros Editorial Team OHLA has recorded a net profit of €0.5 million in the first half of 2026, a figure that compares favourably with the accumulated losses of €29.7 million between January and June 2025, despite reflecting the impact of the “temporary and extraordinary” circumstances associated with the Flaggers litigation on one of its construction projects in New York. Excluding this impact, the attributable net profit would have amounted to…

Pedro Sanchez Plan Recuperacion

In Spain 14th August 2026

Spain receives €6,234 million from sixth tranche of Recovery Plan

Consejeros Editorial Team The European Commission has made the payment of €6.234 million (excluding pre-financing) to Spain, drawn from the European recovery fund NextGenerationEU, following the adoption by the College of Commissioners of the payment decisions authorising the sixth tranche of the Recovery, Transformation and Resilience Plan (PRTR). This new injection of funds provides a further boost to the implementation of the plan’s reforms and investments as they enter their…

gasolinera carburantes combustibles 2000x1125 1

In Spain, Spanish economy 13th August 2026

Spanish inflation up to 3.6% in July due to rising fuel prices

Consejeros Editorial Team The rise in fuel prices has caused inflation to rise by four tenths of a percentage point in July, bringing the Consumer Price Index (CPI) to 3.6 per cent, according to final figures published by the National Statistics Institute (INE). In fact, the Government has announced that the reduction in the hydrocarbon tax applicable to diesel will rise to €0.20 per litre in September, compared with the…

IMG 20260807 110539

In Spain 7th August 2026

Red Eléctrica forecasts eclipse will reduce solar generation on Iberian Peninsula by 5 GW

Consejeros Editorial Team The solar eclipse on 12 August will have a limited and temporary impact on solar generation, specifically on photovoltaic power. Red Eléctrica’s algorithm estimates that this early sunset will reduce solar generation on the Iberian Peninsula by approximately 5 GW. The phenomenon will occur during a time slot when this technology naturally begins to decline. In this context, the eclipse will bring forward and slightly accentuate this…

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In Spain 6th August 2026

Company formations rise 10.9 per cent up to July, but dissolutions up 9.8 per cent, according to Experian

According to Experian Spain’s Centre for Economic Studies, the business sector has seen a net increase of 43,240 companies, whilst dissolutions have risen by 9.8 per cent and insolvency proceedings have fallen by 3.7 per cent. Reported by Consejeros Editorial Team Company formations are maintaining a strong pace in Spain in 2026. According to data from Experian Spain’s Centre for Economic Studies, 85,187 new companies were registered in the first…