Eurostat, the European statistical office, estimates that Spain is as far from the European average per capita income as it was in 1999, 25 years ago, according to the newspaper El Mundo today. Progress since then has been zero, measured in terms of Gross Domestic Product per capita and purchasing power. It’s not that Spanish income hasn’t grown in this first quarter of a century. Eurostat estimates it at €27,770…
The year 2024 ended with consolidated public spending exceeding €700 billion. The final figure, which was revealed this Thursday, amounts to €722.846 billion, an absolute record in history. This fabulous amount is about €230 billion higher than the same concept in 2018, the year Pedro Sánchez came to power as Prime Minister after winning a vote of no confidence against Mariano Rajoy, explains La Razón newspaper. The accounts for 2024…
The Minister of Labour, Yolanda Díaz, and her team have spent three years without specifying how many people with fixed-discontinuous contracts are registered in the public employment service offices, arguing that the registration of job seekers is the responsibility of the autonomous communities. However, despite this opacity, the statistical services of the department do handle and even publish these figures. Thus, they estimate that in 2024, the number of people…
Repsol has partnered with Schroders Greencoat, a manager specialized in renewable infrastructure from Schroders Capital, which enters as a partner with a 49% stake in a wind and solar portfolio of 400 megawatts (MW), valued at €580 million. The portfolio includes eight wind farms, totaling 300 MW, located in Huesca, Zaragoza, and Teruel. Additionally, it encompasses two photovoltaic plants totaling 100 MW in Palencia. All assets are expected to be…
Jefferies | Rovi Laboratories (ROVI), ahead of its CMD (9am UKT), has announced a revenue forecast for FY30E of 1.5-1.8 times FY24 levels, a midpoint of €1.261 billion (up 10% versus estimated JEF €1.144 billion). This growth is driven by the forecast of a two-fold increase in CDMO revenues in 24, to around €700 million in 2030E (up 60% compared to €429 million in 2005). Including the additional €250 million…
Of the 47 strategic projects selected by the European Commission in thirteen of its member states to ensure and diversify access to raw materials in the European Union, seven projects belong to Spain. Four are classified as extraction projects, two are integrated projects involving both extraction and processing, and one is categorized under recycling, in line with the objective of the Critical Raw Materials Act (CRMA) to meet the EU’s…
The European Commission has just made a key decision in the battle between renewable funds and the Spanish government, in which around €1.7 billion are at stake. The European executive has concluded that an arbitration award requiring Spain to compensate Antin Infrastructure Services with €101 million for the modification of a support scheme for renewable electricity constitutes illegal state aid. This decision means that Spain will not be able to…
Elisa Carbonell, CEO of ICEX | The global geopolitical situation has been complex for several years now: with the Covid-19 pandemic, global supply chains were put to the test, and since then, various events of different natures have occurred that are having implications for international trade. Despite this, Spanish merchandise exports have performed well in recent years: Spanish companies have been able to maintain and even increase their global market…
Link Securities | The Board of the National Securities Market Commission (CNMV) agreed to authorise the delisting offer for Corporación Financiera Alba (ALB) submitted by the company itself, Carlos March Delgado and Son Daviú, S.L.U. on 17 January 2025, on the understanding that its terms comply with current regulations and that the content of the explanatory brochure submitted after the latest amendments registered on 13 March 2025 is sufficient. The…
While the president of the government negotiates in Brussels for the rearmament of the European Union, which is strongly opposed by his coalition partners, in the Congress of Deputies, the PSOE loses vote after vote, losing the support of Junts (the party of Puigdemont) in some cases, ERC (the party of Oriol Junqueras) in others, and Sumar, the party led by Yolanda Díaz, the vice president of the government.In one…