In Spain

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Spanish stock market distributes €26,399 million in dividends (up 21%) in first half of year

Spanish listed companies distributed €26,399 million in dividends to their shareholders during the first half of 2026, representing a 21.65% increase compared to the same period last year. In June of this year alone, BME (the stock market operator) recorded dividend payouts to shareholders from Ebro Foods, IAG, HBX, Bankinter, Acciona Energía, Telefónica, Puig, Atresmedia, Clínica Baviera, Elecnor, Iberpapel, Viscofan, Banco Sabadell, Laboratorio Reig Jofre, Aperam, Ferrovial, Almirall, and ArcelorMittal….


Forty years of Spanish constitution: What's next?

Government approved additional €6.2 billion in defence spending hours before NATO summit

To the executive report on defence spending that Sánchez had prepared for the NATO summit, another item of €6,287 million was added at the last minute. The Council of Ministers approved it last Tuesday, just before the chief executive caught his flight to Ankara. This is a record credit transfer ordered by the Treasury to the Ministry of Defence—nearly double the largest one authorized so far this year. The briefing…


CarlosCuerpo

Spain proposes issuing €850 billion annually in common EU debt (without European debt, euro cannot rival dollar)

The Spanish Economy Minister, Carlos Cuerpo, will champion an ambitious proposal before his Eurogroup counterparts today to issue up to €850 billion annually in common European debt. The objective: to create a benchmark safe asset for the bloc’s companies, save billions in financing costs, and reinforce the status of the euro. The initiative, which Euronews has accessed, projects an outstanding balance of €5 trillion in just five years if the…


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New Code of Good Governance to be put out for public consultation before end of year

“On 9 July, we will hold the final meeting of the expert group that has been involved in drafting the code (a group comprising issuers, investors, etc.), and afterwards we will meet with companies and other stakeholders who have not been involved in the drafting process, to hear their views and enable us to put it out for public consultation before the end of the year. The aim is for…


Spain

Fourteen out of fifteen autonomous communities reject new financing model to be approved by government with sole backing of Catalonia

Two autonomous communities governed by the PSOE—Asturias and Castilla-La Mancha—have announced they will vote against the new regional financing system, leaving the Government to attempt to pass it with the support of just a single region, Catalonia, out of the 15 common-regime territories. With this stance, combined with that of the regions governed by the PP, there are now 14 regional finance ministers (consejeros) opposing the new financing model. The…


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Treasury gives Autonomous Communities 15 days to “study and approve” financing system negotiated with Catalan separatists

The Minister of Finance, Arcadi España, wants the first reform of the regional financing system since 2009—for which the State is putting €225 billion on the table—to be studied and approved within fifteen days by the competent multilateral body: the Fiscal and Financial Policy Council (CPFF), where all autonomous communities are represented (the majority of which are governed by the main opposition party, the PP). This is because the affirmative…


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Half of Spanish family-owned businesses have no plans to open up their share capital to third parties

The percentages of Spanish family businesses with no plans to raise capital from third parties or list on the stock exchange over the next decade (49 per cent and 67 per cent, respectively) are well above those recorded across all the countries analysed (36 per cent and 45 per cent, respectively), according to KPMG’s ‘2026 Family Business Report’. Reported by Consejeros Editorial Team The percentages of companies with no plans…


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Absenteeism continues to rise in Spain, with the Basque Country now at 9.4 per cent of agreed hours

The national average has risen by two tenths of a percentage point to 7.2 per cent in Q1 26. By region, the Basque Country leads the national absenteeism figures with 9.4 per cent of agreed hours. It is followed by Asturias (9.1 per cent) and the Canary Islands (8.9 per cent). At the other end of the scale, the Community of Madrid is surpassed only by the Balearic Islands, which…


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“Many companies complicate CSRD implementation more than necessary”

Rosa Mª García Piñeiro, board member at Caixabank, Acerinox, and Ence—serving as chair of the sustainability committee for the latter two and as a committee member at Caixabank—explains that “the directive does not set the materiality threshold. The company decides it based on its own criteria. There is nothing in the legislation that prescribes what is material and what is not. The auditor-verifier may have one opinion, the company may…


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E-commerce in Spain exceeds €114.8 billion in 2025, up 20.6 per cent on previous year

Reported by Consejeros Editorial Team E-commerce turnover in Spain rose by 22 per cent year-on-year in the fourth quarter of 2025 to reach €31.418 million, according to the latest e-commerce data from the CNMC. The sectors with the highest revenue were travel agencies and tour operators, accounting for 7.1 per cent of total turnover, and clothing, accounting for 7 per cent. Looking at the number of transactions, more than €575…