The CPI (Consumer Price Index) continues its upward trend, closing October one tenth of a percentage point higher than at the end of September, with an increase of 3.1%. The INE (National Institute of Statistics) explained that the rise in the CPI in October is due to electricity prices increasing more than in the same month of 2024. In addition to electricity, the prices that are pushing inflation up the…
Spanish electricity demand fell by 0.5% in October, while generation grew by 2.1%, driven by increased exports to Portugal. The daily price in the wholesale market (POOL) averaged €75.73/MWh in October. This marks an increase of 24.07% over the previous month (€61.04/MWh) and 10.5% compared to the price a year ago (€68.54/MWh). Electricity prices interrupted their downward trend in October, mainly due to scheduled outages for refueling at several nuclear…
The European Commission has included Spain among the four countries in the bloc that, due to being under major migratory pressure, can appeal to the solidarity of their partners and activate the mechanism provided for in the new Migration and Asylum Pact, allowing some of the migrants who have arrived irregularly on their territory to be relocated to other Member States. Alongside Spain, the countries facing the highest migratory pressure…
Spain has the highest child poverty rate in the European Union, standing at 29.2% compared to the EU average of 19.3%. It is followed by Bulgaria (28.2%) and Romania (26.2%). The countries with the lowest rates are Denmark (10.1%), Slovenia (10.7%), and Finland (11.6%). The study, Child Poverty in Spain: Recent Evolution and Policies, published by Funcas, highlights that Spain’s position is deeply concerning, especially considering that the country ranks…
Miriam Nogueras, Junts spokesperson in the Congress—where the fugitive Puigdemont’s party maintains seven decisive deputies, without whom the investiture majority falls into a minority with 172 out of 350 deputies—announced yesterday that her party will not vote with the Government again after the half-dozen laws they have already agreed upon pass through Parliament. She will not vote in favor of either the 2026 Budgets (Spain continues to extend the 2023…
The 9th FOESSA Report, presented this Wednesday by Cáritas Española (Spanish Caritas), has warned of an “unprecedented process of social fragmentation” in Spain, where an “apparent economic boom” coexists with “one of the highest inequality rates in Europe,” leading to “a society of unease” in which 4.3 million people live in a situation of severe exclusion, one-third of whom are minors—that is, 1.4 million children. “Spain is going through an…
Alphavalue / Divacons | A leading US bank has revised its growth projections for the Spanish economy upwards, validating the strength of the current expansionary cycle in contrast to the slowdown observed in the rest of Europe. The US financial institution now anticipates Spanish GDP growth of 3.5% for 2024, 2.9% in 2025 and 2.2% in 2026. These new estimates exceed previous forecasts, which stood at 3.2%, 2.7% and 2%…
The acquisition of Escribano Mechanical and Engineering (EM&E) by Indra has encountered another adversary. In addition to the opposition from a part of the company’s board of directors —controlled by the State Industrial Participation Company (SEPI) with a 28% stake— due to the conflict of interest inherent in buying the family company of its own chairman, there is now the opposition of the Hay Derecho Foundation. The institution, composed of…
Norbolsa | Last week, the final proposal for calculating the permitted return for electricity and gas networks was announced. This represents a permitted return of 6.58% (pre-tax, nominal) for the period 2026-31. Although this is an increase on the initial proposal of 6.46%, it falls short of market expectations, which were closer to 7%. The decision is not final, but it is considered highly unlikely that there will be any…
“The urgency of growth” is the theme of this year’s International Banking Conference organized by Banco Santander, whose president, Ana Botín, opened the session with a passionate defense of the European banking sector, which she described as straitjacketed “by regulation exceeding 90,000 pages, the equivalent of 50 bibles or 100 Quixotes.” “In the US, capital requirements are going down. In Europe, they are going up, and the differences are going…