Spanish economy

Pedro mascarilla españita

Spain: Economy Better, Politics Worse

Joan Tapia (Barcelona) | The crisis caused by the coronavirus, which has been going on for more than a year now, is far from being overcome. But perhaps the worst thing is that a latent pessimism – unjustified but real – all too often obscures data and realities that lean towards a cautious and reasoned optimism. If we add to this the political turmoil, we find ourselves – more so in Spain, but not only here – faced with an extreme confusion that alters reality.


hybrid vehicle

There Are 562,000 Hybrid And Electric Cars On The Road In Spain, 1.8% Of The Domestic Fleet

Watt by watt, clean cars are making their own place in the national vehicle fleet. Specifically, 561,580 cars with non-fossil engines were circulating in Spain at the end of 2019. This is one of the conclusions of an UNESPA report on the use of this type of vehicle. Provinces and cities with higher GDP usually have higher rates. The provinces with the highest rate of clean vehicles are Madrid (3.41%), Barcelona (3%), Alicante (2.71%), Gerona (2.71%) and Las Palmas (2.08%). 


Nadia proud spain

Spain Will Grow By 6.4% In 2021, According To The IMF

T.C. | The Spanish economy will grow by 6.4% in 2021, making it the fastest growing European country, and one of the fastest growing in the world among the advanced economies, along with the United States, where growth is also estimated at 6.4%, according to the International Monetary Fund’s biannual ‘World Economic Outlook’ report, published yesterday.


Ferrovial Texas

Ferrovial Gains Ground In Its US Talisman State With A €1.275 Bn Deal, Ahead Of Biden’s Investment Plan

The Spanish construction group has been awarded one of the largest road contracts of the year in the US to expand the I-35 interstate highway in Texas, with a budget that means 20% of the group’s total 2020 revenues. Ferrovial was chosen in 2005 as a strategic partner of the Texas government to design and build the TT Corridor 35. Furthermore, this US state is one of the Group’s largest markets given that its three largest consolidated concessions globally are located there.


renewables

US Accuses Spanish Wind Power Industry Of Dumping

T.C. | The Spanish wind industry, which exports more than 2 billion euros worth of equipment annually, has been accused of dumping by the US administration in one of its main markets. Washington believes that Acciona, Siemens Gamesa, Vestas, and other wind power producers sell their products in the US below production prices.


unemployment spain

Spain: 59,000 Fewer Unemployed in March

T.C. | The number of registered unemployed in Spain fell by 59,149 people in March (-1.5%), its largest decline in this month since 2015, according to data published on Tuesday by the Ministry of Labour. With this decline in unemployment, which puts an end to five consecutive months of increases, the total number of unemployed reached 3,949,640 at the end of March.


Spanish companies' cost of financing at minimum lows

Spain’s Regulations For Direct Aid To Companies Come Several Months Later Than In Germany, France And Italy

Funcas | The aim of this note is to outline the recent initiatives in terms of direct aid from the governments of Germany, Spain, France and Italy. While in Italy the aid has been extended to the whole economy, as in Germany and France, in Spain it is limited to the sectors most affected (commerce, hotels and restaurants, leisure, etc.). The amount of aid is relatively low in Spain compared to the other three countries, however Spain is the only country that grants a minimum benefit of 4,000 euros for all eligible businesses. 


spain flag crisis concept 1379 4664

How To Bring Spain’s Economy Out Of Its Coma

Miguel Navascués | To build a public housing stock to house those who are now forbidden to be evicted? Or to undertake a plan such as the one proposed by the chief economist of Arcano, supported at the time by the president of Santander? The traction effect of the construction sector is proven, and is indisputable. However, according to Julián Núñez, president of the construction employers’ association, SEOPAN, the data and forecasts are not encouraging.


young spaniards

Young Spaniards Are Lost in Recession

Fedea has published a study analysing the evolution of the working conditions of young Spaniards over the last thirty years and documents their continuous deterioration. In each recession there is a setback in the employment situation of this group. And this does not fully recover in the subsequent expansion, causing a negative trend in the initial employment conditions of successive groups of young people.


fluidra piscina

Fluidra Converts €130 M Syndicated Credit Line Into ‘Green’ Financing

Fluidra has signed an agreement to convert a 130 million euros syndicated credit line subscribed in 2018 into ‘green’ financing. BBVA acted as a sustainable coordinator for the process. So from now on, the conditions of this financing are subject to the company’s performance in environmental, social and governance (ESG) matters. This is the first sustainable financing formalised by a company in the sector and will be used to cover the firm’s working capital needs.