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Spanish economy 13th January 2026

Belgian Courts Seize €482 Million from Spanish State-Owned Enaire Over Unpaid Renewable Energy Awards

The Belgian justice system has ordered the seizure of €482.4 million linked to Eurocontrol payments destined for Enaire, the Spanish state-owned air navigation service provider. This measure serves as a mechanism to guarantee the collection of outstanding compensation owed to investors affected by retroactive cuts to renewable energy subsidies. The move follows legal actions taken by OperaFund, a fund that obtained a favorable ruling in 2019 from ICSID (the World…

In Spain 12th January 2026

13,586 Stores Closed in Spain in 2025: 38 Every Day

Last year, 13,586 stores closed, averaging about 38 per day. This is the highest figure in recent years, according to data provided by the Union of Professionals and Self-Employed Workers (UPTA). Not even the Christmas campaign managed to mask the figures or save face: in December 2025, 2,347 businesses shut down, compared to 1,748 in the same month of 2024. This latest figure confirms that the “bleeding” of the retail…

In Spain 9th January 2026

Sánchez Abandons Socialism to Strike Regional Financing Deal with Catalan Separatist Junqueras: The More You Put In, The More You Take Out

Astonishment, nonsense, absurdity… the Spanish press is running out of adjectives to describe the sensation caused by the announcement from Catalan pro-independence leader Oriol Junqueras (who was pardoned by the Government). Junqueras claims to have reached an agreement with Pedro Sánchez to launch a new regional financing system that would mean nearly €5 billion more for Catalonia. Upon leaving his meeting with Sánchez, the separatist leader boasted of having persuaded…

Spanish economy 8th January 2026

Government Caps Consumer Credit at 22%

To limit the cost of credit, the Government is using the APR (Annual Percentage Rate) as a reference, as this indicator reflects the final price paid by the customer, including all expenses associated with the loan. The APR offered by financial institutions may not exceed a specific maximum level, which will be set based on the average consumer credit rate published by the Bank of Spain, plus a margin depending…

Spanish economy 7th January 2026

90 of top 100 beneficiaries of European funds are public entities

Spain’s primary issue with the EU’s Next Gen funds is its low actual execution rate. The latest figures compiled by the General Comptroller of the State Administration (IGAE), closed as of November 2025, report that payments effectively made stand at less than €4.8 billion this year—representing only 27% of the total amount budgeted for the fiscal year. However, the bulk of direct EU transfers has already been disbursed, making it…

In Spain 5th January 2026

Unemployment in Spain falls by 16,291 in December, leaving 2,408,670 jobless

Registered unemployment fell by 16,291 people in December, a 0.7% decrease compared to November. Meanwhile, Social Security affiliation rose by 19,180 workers—a moderate increase for a month that usually sees some of the year’s largest gains due to the Christmas season. With these figures, the total number of unemployed people stood at 2,408,670, while the number of contributors reached 21,844,414. The drop in unemployment in December was primarily driven by…

In Spain 2nd January 2026

Demand for natural gas in Spain grows 7.4% in 2025 thanks to electricity generation

Alphavalue / Divacons | Demand for natural gas transported in Spain, including domestic demand and exports, grew by 7.4% in 2025, reaching 372 terawatt hours, according to provisional data from Enagás. This growth has been driven by electricity generation, which has shot up by 33.3% to 99.3 terawatt hours, and by exports, which have risen by 17.4% to 40.5 terawatt hours. Spain has reaffirmed its commitment to European security of…

In Spain, Relevant News Item 2nd January 2026

Spain goes into 2026 with 2023 Budget Extension

The 2023 State General Budget (PGE) was automatically extended for the third time this January 1st. This occurs while Pedro Sánchez’s government prepares to present and attempt to pass new public accounts for the 2026 fiscal year in Parliament during the first half of the year—an outcome that, at this stage, appears unlikely. During the final Cabinet meeting of 2025, the Government approved an agreement establishing the application criteria for…

In Spain, Spanish economy 31st December 2025

Spanish inflation moderates 1/10 of a percentage point in December and closes 2025 with average of 2.7%

CdM | The Consumer Price Index (CPI) stood at 2.9% in the last month of the year, representing a moderation of one tenth of a percentage point in the year-on-year rate thanks to the fall in fuel costs, according to data released on Tuesday by the National Statistics Institute (INE). Inflation thus closed 2025 with an average of 2.7%, one tenth of a percentage point below the previous year. Specifically,…

In Spain, Spanish economy 31st December 2025

Retail sales in Spain slow down in November, rising by 3.7%

CdM | Retail sales in November rose by 3.7% year-on-year, which is seven tenths of a percentage point below the previous month’s rate, according to data provided by the National Statistics Institute (INE). This marks the 17th consecutive month of growth in turnover. At constant prices, adjusted for seasonal and calendar effects, retail sales in November were up 6% on the same month last year. This rate was 2.1 points…

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