In Spain

OHLA.new

OHLA posts €500,000 profit in first half of year after factoring in impact of Flaggers litigation

Consejeros Editorial Team OHLA has recorded a net profit of €0.5 million in the first half of 2026, a figure that compares favourably with the accumulated losses of €29.7 million between January and June 2025, despite reflecting the impact of the “temporary and extraordinary” circumstances associated with the Flaggers litigation on one of its construction projects in New York. Excluding this impact, the attributable net profit would have amounted to…


Pedro Sanchez Plan Recuperacion

Spain receives €6,234 million from sixth tranche of Recovery Plan

Consejeros Editorial Team The European Commission has made the payment of €6.234 million (excluding pre-financing) to Spain, drawn from the European recovery fund NextGenerationEU, following the adoption by the College of Commissioners of the payment decisions authorising the sixth tranche of the Recovery, Transformation and Resilience Plan (PRTR). This new injection of funds provides a further boost to the implementation of the plan’s reforms and investments as they enter their…


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Spanish inflation up to 3.6% in July due to rising fuel prices

Consejeros Editorial Team The rise in fuel prices has caused inflation to rise by four tenths of a percentage point in July, bringing the Consumer Price Index (CPI) to 3.6 per cent, according to final figures published by the National Statistics Institute (INE). In fact, the Government has announced that the reduction in the hydrocarbon tax applicable to diesel will rise to €0.20 per litre in September, compared with the…


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Red Eléctrica forecasts eclipse will reduce solar generation on Iberian Peninsula by 5 GW

Consejeros Editorial Team The solar eclipse on 12 August will have a limited and temporary impact on solar generation, specifically on photovoltaic power. Red Eléctrica’s algorithm estimates that this early sunset will reduce solar generation on the Iberian Peninsula by approximately 5 GW. The phenomenon will occur during a time slot when this technology naturally begins to decline. In this context, the eclipse will bring forward and slightly accentuate this…


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Company formations rise 10.9 per cent up to July, but dissolutions up 9.8 per cent, according to Experian

According to Experian Spain’s Centre for Economic Studies, the business sector has seen a net increase of 43,240 companies, whilst dissolutions have risen by 9.8 per cent and insolvency proceedings have fallen by 3.7 per cent. Reported by Consejeros Editorial Team Company formations are maintaining a strong pace in Spain in 2026. According to data from Experian Spain’s Centre for Economic Studies, 85,187 new companies were registered in the first…


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Spanish investment funds limit exposure to technology stocks to 11%, but 31% in equity market

Reported by Consejeros Editorial Team The latest Financial Stability Report, published at the end of July by the National Securities Market Commission, warns that market risk – particularly that linked to technology shares – is the main financial vulnerability in international markets, and that Spanish investment funds’ exposure to it is moderate. Meanwhile, in fixed income, the impact of the war in the Middle East on inflation has led to…


Centro comercial La Vaguada Madrid

Norges and Sonae acquire portfolio of eight shopping centres in Spain valued at €1.5 billion

The portfolio comprises 8 shopping centres and over 250,000 m² of gross lettable area, including several landmark assets in the Community of Madrid, where it accounts for 11,300 square metres, whilst the remainder is owned by Unibail-Rodamco-Westfield. By Renta 4 Norges Bank Investment Management, together with Sonae Sierra, signed an agreement last Friday to purchase the portfolio of shopping centres owned by the Balkany family in Spain, valued at €1.5…


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Unemployment up 19,517 in July; number paying social security contributions passes 22.5 million thanks to regularisation process

The total number of unemployed stood at 2,311,499, the lowest figure for this month since 2007. This means the figure has once again exceeded the 2.3 million mark, which it had fallen below in June for the first time in 18 years. Reported by Consejeros Editorial Team Registered unemployment at Public Employment Service offices rose by 19,517 people in July, bringing the total number of unemployed to 2,311,499, the lowest…


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Preliminary CPI for July rises 3/10 of percentage point to 3.5 % year-on-year, whilst core CPI up by 1/10 of percentage point to 3%

Reported by Consejeros Editorial Team Amid the energy crisis caused by the war in Iran, the CPI stood at 3.5% in July, representing an increase of three tenths of a percentage point compared with the consensus forecast and the figure recorded in June. The National Statistics Institute (INE) has explained that the behaviour of the indicator in July was due to rises in the prices of fuel and lubricants for…


Carlos Cuerpo recibe cartera vicepresidente primero ministro economia maria jesus montero

Spanish economy grows 2.7% year-on-year in Q2 2026

Reported by Consejeros Editorial Team Against a backdrop still marked by the impact of the war in Iran, preliminary GDP figures have provided a positive surprise, showing growth of 0.7 per cent quarter-on-quarter in the second quarter of the year – one-tenth of a percentage point higher than in the first quarter – whilst maintaining stable annual growth at 2.7 per cent, contrary to expectations of a slowdown. According to…