In Spain

Ibex movil

Mapfre and Técnicas Reunidas win the AECA 2026 Corporate Transparency Award

Reported by the Consejeros Editorial Team, The Spanish Association of Accounting and Business Administration (AECA) has awarded the 2026 “AECA Corporate Transparency Award” to Mapfre and Técnicas Reunidas, in the IBEX 35 and IBEX Medium Cap & IBEX Small Cap categories, respectively. The award evaluates and recognises the efforts and achievements of both companies in the areas of transparency and the disclosure of financial information, corporate governance and sustainability. Representatives…


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King speaks of “dark days” while Sánchez entrenches himself in La Moncloa

The country is gridlocked. And yesterday this became clear to everyone. Yesterday, the Prime Minister appeared before Congress to answer for all the corruption cases surrounding him—within his family, his party, and his Government. And as expected, he limited himself to asserting that “he neither knew about it, nor would he have tolerated it.” Furthermore, although Puigdemont’s party—whom Sánchez granted amnesty in exchange for secure investiture—urged him to “do like…


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Medium-sized companies leading the way in growth boosting productivity without cutting jobs or wages according to Afi Foundation

A study included in the Afi Emilio Ontiveros Foundation’s “Snapshot of the Spanish business landscape: in search of growth” indicates that the 100 companies that recorded the highest cumulative annual revenue growth between 2008 and 2024 generate 30 per cent more revenue for every euro invested in staff and have achieved record levels of profitability. Analysis by the Afi Foundation According to the 2026 update of the ranking of the…


exportTC

Spain’s trade deficit worsens

According to the Monthly Foreign Trade Report published by the Ministry of Economy, Trade and Enterprise, Spain’s trade deficit widened to €5.172 billion in April, compared to €3.900 billion recorded in the same month of the previous year, as imports continued to outpace exports. In April, imports increased by 8.7% year-on-year to €39.600 billion, driven by an increase in purchases of energy products (32.2%), mainly originating from Kazakhstan, Nigeria, the…


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Spain leads eurozone wage recovery thanks to strong employment growth, according to Natixis CIB

Analysis by Natixis CIB In 2025, the eurozone experienced a slowdown in wage growth (both nominal and real), which reduced households’ purchasing power and limited their consumption capacity. According to our wage decomposition model, this slowdown in the eurozone masks highly divergent national realities. In Germany and Spain, wage growth remained robust, whilst in France and Italy there was a more pronounced slowdown. These contrasting trends call for an analysis…


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Climate risks could cost Spain up to 6.8% of its GDP

Reported by Alvise Lennkh-Yunus Long-term climate risks at the sovereign level are highly country-specific and depend on the scenario. Furthermore, forecasts point to a wide range of possible outcomes that reflect the uncertainty inherent in climate scenarios. In a recent study, Scope Ratings has estimated the economic impact of climate risks over a 30-year time horizon for EU countries and selected G20 sovereign issuers, arising from chronic physical risk, acute…


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Spanish public debt grows at 4.4% annual rate

Public administration debt reached €1.736 trillion at the end of April, following a year-on-year increase of 4.4%, according to data from the Bank of Spain (BdE). Nevertheless, its ratio to Gross Domestic Product (GDP) fell to 101%, representing a 1.6 percentage point decrease compared to the same period last year. In absolute terms, the volume of debt increased by 4.4% compared to April 2025. However, it decreased slightly by 0.2%…


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Bank of Spain amends government’s housing policy: “The problem is not solved with demand-side measures”

Neither rent caps, nor rental bonuses for young people, nor ICO guarantees, nor limitations on tourist apartments, nor extraordinary protection against non-payments are effective measures to address the housing crisis facing Spain. This is what the Bank of Spain points out in its 2025 Annual Report published yesterday. The Bank of Spain estimates the housing deficit at 750,000 homes, which is strangling the Spanish economy and preventing young people from…


CEOE

President of Spanish business owners warns of institutional drift in Spain

The president of the Spanish Confederation of Employers’ Organizations (CEOE), Antonio Garamendi, pointed out this Wednesday that Spain is suffering from an “institutional drift” in which decision-makers are “more focused on their electoral and ideological interests.” He also criticized the Ministry of Labor for subjecting companies to “regulatory suffocation.” In this regard, during his speech at the CEOE general assembly held this Wednesday in Madrid, he noted that while the…


Spain emplyment workers

Spain leads Europe in absenteeism: 7% of workers miss work every day

Approximately 1.6 million workers miss work every single day. This means that around 7% of Spain’s employed population is absent from their jobs daily. The majority of these absences are justified, according to data provided by the employers’ association CEOE: 1.4 million of them are accompanied by a temporary disability leave (IT, by its Spanish acronym)—what we commonly call medical leave. According to the association, the expenditure on benefits and…