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Spanish economy

Spanish economy 13th March 2026

Telefónica, Iberia, Glovo… year kicks off with trickle of mass layoffs

Iberia, the national flag carrier, has just announced an ERE (Mass Layoff Procedure) to let go of 996 employees. This is the latest in a long series of announced layoffs that have already dominated headlines in the short time we’ve been in 2026. On March 1st, 2,700 workers left Telefónica, marking the first wave of a mass redundancy plan agreed upon with unions that will eventually affect a total of…

Spanish economy

Brussels calls for CJEU to fine Spain for failing to apply VAT exemption directive for SMEs and self-employed

Spanish economy

Spanish Treasury profits from Iran conflict: nearly €300 million extra collected in March due to fuel price hikes

Spanish economy

House prices in Spain rose 12.7% on average in 2025

In Spain, Spanish economy

Spanish service sector returns to growth in February (51.9 points), but at slowest pace since June

Spanish economy

Spanish exports (up 0.7% compared to EU’s 2.4%) lose ground in 2025

Spanish economy

Spanish public debt grows by 4.8% in 2025, accounting for 100% of GDP

Relevant News Item, Spanish economy

BBVA reports 4Q25 attributable profit of €2,533m, slight miss versus company consensus

Spanish economy

77% of companies created this century no longer exist

Spanish economy 21st January 2026

Trade Deficit Surges 40% as Exports Stagnate

According to data published by the Ministry of Economy, Trade and Business, Spain’s trade deficit reached €51,481 million between January and November 2025 (11M2025), representing a spike of over 40% compared to the same period in 2024. The coverage rate (the percentage ratio of exports to imports) stood at 87.4% through November, down from the 90.8% recorded during the same period in 2024. In 11M2025, Spanish goods exports increased by…

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