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In Spain, Spanish economy 23rd March 2026

Spain to implement two decrees containing measures worth €5 billion to mitigate impact of war

Bankinter | The Government has announced two decrees containing measures worth €5 billion to mitigate the impact of the war. The first includes short-term measures to reduce taxes on electricity, such as the Special Tax on Electricity at 0.5% (down from 5.11%) until June 2026; the Hydrocarbon Tax on diesel, unleaded petrol, fuel oil, LPG, natural gas and kerosene is reduced; and a reduction in VAT on electricity for vulnerable…

In Spain 20th March 2026

Sánchez says “no to war” invoking democracy and “no to democracy” invoking war

Parliaments emerged, to a large extent, to authorize the fiscal impositions of monarchs. It was unreasonable to impose fees and taxes without those affected by them having either a voice or a vote. Hence, the oversight role of parliaments remains one of their essential tasks. Controlling the state accounts every year and demanding accountability for what has been done or left undone in each fiscal year is a parliamentary task…

In Spain 19th March 2026

The Indra Soap Opera: Government now demands Chairman’s resignation to authorize purchase of his company

Four years ago, the Government took control of a publicly traded company, INDRA, through SEPI (the State-Owned Industrial Holding Company). To do so, it had the help of the owner of the newspaper El País and two brothers, the Escribanos, owners of a small company dedicated to manufacturing defense vehicles. There was a reshuffle at the top, a change of control without a mandatory takeover bid (OPA)—as required by law—and…

In Spain 18th March 2026

Spain has €10.5 billion annual public infrastructure investment deficit since 2019

Spain is grappling with a severe infrastructure investment deficit. This has been acknowledged by the Ministry of Transport itself and is confirmed by every report published on the matter. The latest, from the Institute of Economic Studies (IEE), asserts that between 2019 and 2024—coinciding with Pedro Sánchez’s arrival in government—the average annual investment deficit (both public and private) in infrastructure stands at €19 billion. According to the CEOE employers’ association…

In Spain, Uncategorised 17th March 2026

Von der Leyen backs Iberdrola, Endesa, and Naturgy’s request to extend Almaraz nuclear power plant lifespan

Ursula von der Leyen has endorsed the request made to the Government by the Spanish utilities Iberdrola, Endesa, and Naturgy to extend the operational life of the Almaraz nuclear power plant (Cáceres) until 2030. She reaffirmed this position in her letter to European Union leaders ahead of the summit of presidents held this Thursday in Brussels. In her missive, she stresses the need to “avoid the premature retirement of assets,…

Spanish Politics 16th March 2026

PP wins elections in Castilla y León again as PSOE consolidates left-wing vote and halts decline

The PP (People’s Party), with 35% of the vote and 33 seats—two more than it previously held—has won the elections held yesterday in Castilla y León, where two-thirds (65.7%) of the just over two million people called to the polls turned out to vote. Consequently, the acting president and PP candidate—representing a party that has governed the region for 39 years—Alfonso Fernández Mañueco, is the only one with real possibilities…

In Spain 13th March 2026

Photovoltaic generation in Spain reaches historic milestone in 2025, recording 50.2 GWh, 18.4% of national energy mix

Alphavalue / Divacons | Photovoltaic production in Spain reached a historic milestone in 2025, recording 50.2 GWh, representing 18.4% of the national energy mix. This record consolidates solar energy as a strategic pillar of Spain’s energy transition, achieving its highest levels both in terms of absolute generation and as a share of the total electricity produced in the country.

Spanish economy 13th March 2026

Telefónica, Iberia, Glovo… year kicks off with trickle of mass layoffs

Iberia, the national flag carrier, has just announced an ERE (Mass Layoff Procedure) to let go of 996 employees. This is the latest in a long series of announced layoffs that have already dominated headlines in the short time we’ve been in 2026. On March 1st, 2,700 workers left Telefónica, marking the first wave of a mass redundancy plan agreed upon with unions that will eventually affect a total of…

Spanish economy 12th March 2026

Brussels calls for CJEU to fine Spain for failing to apply VAT exemption directive for SMEs and self-employed

Firstly, the Commission reproaches Spain for failing to incorporate the rules that update the VAT regime applicable to small and medium-sized enterprises (SMEs)—a reform adopted in 2020 with the aim of simplifying the tax obligations of these companies and reducing competition distortions within the internal market. The EU Executive explains that although Spain has indicated it does not intend to apply the VAT exemption for SMEs and the self-employed with…

Spanish economy 11th March 2026

Spanish Treasury profits from Iran conflict: nearly €300 million extra collected in March due to fuel price hikes

The Government has yet to activate any aid plan to mitigate the impact of energy prices on households, businesses, and the self-employed. Consequently, public coffers are amassing millions following the restoration of tax rates that had been previously reduced after the war in Ukraine. Specifically, the recovery of VAT, the end of the gas price cap, and the progressive increase in electricity taxes pushed tax collection at the end of…

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