In Spain

FamilyBusinesses

Spanish Family Businesses Rail Against Excessive Regulation and Absenteeism

The 28th Congress of Spanish Family Businesses, which brings together over 600 executives of family firms in Burgos, has sounded the alarm about the excessive regulation and absenteeism that are stifling their growth. Fifty-five percent (55%) of those surveyed identified absenteeism -in Spain, more than one million people are absent from work every day- as the main risk to their competitiveness, ahead of “the difficulty of finding qualified professionals” (52%)…


ERTES extension

Labour Ministry wants to toughen conditions for unfair dismissals

The Minister of Labour and Second Deputy Prime Minister, Yolanda Díaz, intends to toughen the conditions for dismissals considered unfair (improcedentes)—which currently generate compensation of 33 days’ salary per year worked, capped at 24 months’ salary—based on the premise that the current regulation of fixed compensation is neither a d for eterrent for companies nor does it sufficiently repair the harm done to affected workers. With this premise, the Ministry…


bbvasabadell

BBVA Gives Up After Failure of Its Takeover Bid (OPA) for Banco Sabadell, Accepted by Only 25.33% of the Capital

The takeover bid (OPA – Oferta Pública de Adquisición) by BBVA for Banco Sabadell has failed, having been accepted by only 25.33% of the voting shares (25.47% excluding treasury stock), as reported by the two affected entities to the National Securities Market Commission (CNMV). Ultimately, and 17 months after its announcement, BBVA failed to reach the 50% acceptance threshold. It also failed to reach the 30% threshold that would have…


FEDEAok

Inequality in Spain Continues to Grow: Richest 1% Now Holds Over 21% of Total Wealth compared to 13% in 2002

The average wealth of households has increased by 80.9% over twenty years (in real terms), spanning from 2002 to 2022, driven by the revaluation of real estate assets and, more recently, by the growth of financial assets. However, this progress has been concentrated in the highest percentiles: the richest 1% today accumulates over 21% of the total wealth, compared to 13% in 2002. The Gini index for household wealth has…


NATO's military

Trump accuses Spain of Being “Very Disrespectful” to NATO and Threatens Trade Retaliation

“I think it’s very disrespectful to NATO. I was actually thinking of imposing a trade penalty on them—on Spain—through tariffs for what they did, and I might do it. I think it is incredibly disrespectful” to the Atlantic Alliance, said President Trump yesterday, Tuesday, during a meeting with Argentine President Javier Milei at the White House. Trump insisted that he is “very upset with Spain,” as it is the only…


young spaniards

Only 72% of Young People Aged 25-29 are Employed In Spain, Second Lowest Figure in EU-27

According to Funcas, the Spanish Savings Banks Foundation, in 2025, only 72% of young people aged 25 to 29 in Spain are employed. This figure is lower than the EU-27 average (77%) and places Spain in 26th position out of the 27 EU countries (ranking from highest to lowest rate), far behind the leaders: Lithuania (84%), the Netherlands (87%), and Malta (90%). Funcas, which finds it striking that more than…


Funcisla Clemares

“In AI, as with all new technologies, there is an overvaluation in the short term.”

According to Fuencisla Clemares—Vice President for Europe, the Middle East, and Africa at Google, board member of Sonae, and advisor to Cosentino—“in Spain, our productivity is stagnant, and we are losing competitiveness as a country. Artificial intelligence is clearly an opportunity that we must embrace, develop, and implement as soon as possible and with the depth required. Our studies suggest that, in the case of Spain, AI could have an…


Judges

Venice Commission Says Spanish System for Electing Judges’ Governing Body “Fails to Meet European Standards”

The Plenary Session of the Venice Commission concluded yesterday that the system for electing the General Council of the Judiciary (CGPJ), the governing body of judges, which is supported by the Government, “fails to meet European standards.” This is due to the current system leaving the final election of candidates in the hands of the Parliament, which the Commission views as a “political filter.” In contrast, the alternative system, in…


utilities

Red Eléctrica Warns Spain Is Again at Risk of Blackout

Red Eléctrica, the Spanish electrical system’s technical operator, states that it has observed “sharp voltage variations in the Spanish peninsular electrical system over the last two weeks, such that they could impact the security of supply if the proposed changes are not implemented.” These operational changes have been requested from the National Commission for Markets and Competition (CNMC), which quickly approved them. Red Eléctrica contacted the CNMC on Tuesday with…


espana europa billete

Net wealth of Spanish households reaches €2.49 trillion, up 9.3%, while debt rises 2.5% in second quarter

CdM | At the end of June, the net financial wealth of households stood at €2.497 trillion, an increase of 9.3% compared to a year earlier, while household debt stood at €719 billion, an increase of 2.5% year-on-year, according to the Financial Accounts of the Spanish Economy published by the Bank of Spain. As a percentage of GDP, net financial assets represented 152.8%, 4.9 percentage points more than in the…