Top Stories

In Spain

Repsol's bet on alternative energies

Spanish economy 8th December 2025

Repsol and HitecVision to merge joint Venture with TotalEnergies’ UK upstream business, becoming leading oil&gas operator in UK North Sea

NEO NEXT Energy, HitecVision and Repsol’s joint venture, today announces a strategic deal with TotalEnergies’ to merge their UK offshore oil & gas production businesses. The transaction Will cement NEO NEXT’s position as the leading operator and producer in the UK Continental Shelf (UKCS) with an expected 2026 production of over 250,000 barrels of oil equivalent per day. Upon completion, the combined company will be known as NEO NEXT+. Under…

housing spain

In Spain 5th December 2025

Price of completed housing in Spain rises 13.4% year-on-year in November

Alphavalue / Divacons | Housing purchases by legal entities in 2024 reached their highest level since 2007, although this increase did not alter the structure of the market, as individuals continue to account for more than 89% of these transactions in Spain. On the other hand, the price of completed housing in Spain rose by 13.4% year-on-year in November, according to the Tinsa IMIE general price index, due to the…

spain savings rate

In Spain, Relevant News Item 5th December 2025

OECD congratulates Spain on its economic performance

Luis Alcaide | “The Eurozone Manufacturing PMI data prepared by S&P Global and Hamburg Commercial Bank retreated to 49.6 points in November, falling below the 50 points of the previous month (above 50 points indicates expansion, and below indicates contraction). By country, Germany marks 48.2 and France 47.8, while Spain records 51.5 and Italy 50.6.” The influx of new orders in the manufacturing sector is increasing in the two Southern…

spain tourism

In Spain 4th December 2025

New tourism record: 85.6 million tourists visit Spain in 10M25, average spend of €1,383 Per Person

The Tourist Movement in Borders Survey (FRONTUR), published by the National Institute of Statistics (INE), reported that Spain received 9.2 million international tourists in October, an increase of 3.2% compared to the same month in 2024. The United Kingdom was the main country of residence for tourists arriving in Spain during the analyzed month, with more than 1.8 million tourists and an increase of 2.8% compared to October 2024. Germany…

unemployment spain

In Spain 3rd December 2025

Spain: Unemployment Falls to 10%

Bankinter | The number of unemployed people fell by 18,805 in November, compared to a rise of 22,100 in October. Unemployment stands at 2.4 million people (down 0.8% month-on-month and 6.2% year-on-year). Seasonally adjusted Social Security affiliations total 21.84 million people (up 44.5 thousand workers, 0.2% month-on-month, 2.5% year-on-year), although the average number of SS Affiliates for the month declined by 14.4 thousand people (0.1% month-on-month). OPINION: The number of…

Spain manufacturing sector

In Spain, Spanish economy 1st December 2025

Spanish manufacturing sector extends growth, but at slightly slower pace

CdM | The Spanish manufacturing sector extended its growth trajectory in November, albeit at a slightly slower pace, according to the PMI index. Therefore, ‘Spain appears to be converging with the dynamics of the eurozone as a whole’. Specifically, the seasonally adjusted PMI index for the Spanish manufacturing sector stood at 51.5 in November. This figure was lower than the 52.1 recorded in October and therefore indicates a slower pace…

PP

In Spain 1st December 2025

Opposition Leader Gathers 40,000 People to Demand Elections

Last week concluded with a new defeat for the Government in Parliament, which rejected the deficit path proposed by the Ministry of Finance to begin drafting a budget for 2026. This rejection foretells the impossibility of finally approving a budget in this legislature, which began in 2023 and has still not managed to pass the General State Accounts. Spain has been operating since then with the budgets approved in 2022,…

utilities electricas 1

In Spain 28th November 2025

Transition ministry accepts CNMC’s proposal on distribution networks, but calls for improvements to remuneration rate

Banco Sabadell | According to press reports, yesterday the Council of State opened the public hearing period (until next Monday) for submitting comments on the National Commission on Markets and Competition’s (CNMC) proposals on the methodology for calculating distribution remuneration and the financial remuneration rate for distribution and transmission networks. On the other hand, the Ministry for Ecological Transition has backed the CNMC’s proposal to raise the financial remuneration rate…

Congreso

In Spain 28th November 2025

Government Fails to Approve Deficit Path and Will Have to Continue in 2026 with 2023’s Budget

This Thursday, Congress rejected the stability path (which includes deficit limits for Public Administrations) proposed by the Government until 2028. This defeat was expected in Moncloa (the seat of government). However, it casts bad omens over the future of the General State Budgets (PGE), turning them, in fact—as El Español points out—into a chimera. Junts, the parliamentary group of the fugitive Puigdemont, followed through on its threat after breaking with…

pensioners

In Spain 27th November 2025

OECD calls on Spain to reform pensions to make them sustainable

The Spanish pension system has been in deficit for some time. Thus, this year, the payment of pensions will require a fund transfer of €50 billion that the Government must provide by diverting funds from other budget items. This amount—€50 billion annually—is exactly equivalent to what the Spanish State obtains by borrowing in the markets to finance the public deficit: €50 billion, or 3% of GDP. The OECD warns that…