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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…

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, 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…

Spanish economy 26th December 2025

Spain’s GDP moderates by one tenth year-on-year to 2.8% in Q3 2025, lowest in almost two years

Singular Bank | According to the INE, in Q3 2025, our country’s GDP moderated its growth rate slightly to 0.6% in quarterly terms, after standing at 0.7% between April and June. Meanwhile, in year-on-year terms, the pace of growth in Spanish economic activity slowed by 0.1 pp to 2.8%, its lowest rate in almost two years. This trend can be explained by the moderation of the year-on-year contribution of final…

Spanish economy 9th December 2025

Government reduces reform agenda to secure arrival of €25 billion from European recovery plan

The Government has already agreed with Brussels on a new scenario of milestones and targets so that Spain can access all the remaining direct aid from the Recovery Plan. What is at stake is the way to capture and execute the nearly €24.7 billion in outstanding non-reimbursable funds before the opportunity expires in August of next year. After several weeks of intense negotiations with the European Commission, the Ministry of…

Spanish economy 8th December 2025

Repsol and HitecVision to merge joint Venture with TotalEnergies’ UK upstream business, becoming leading oil&gas operator in UK North Sea

NEO NEXT Energy, HitecVision and Repsol’s joint venture, today announces a strategic deal with TotalEnergies’ to merge their UK offshore oil & gas production businesses. The transaction Will cement NEO NEXT’s position as the leading operator and producer in the UK Continental Shelf (UKCS) with an expected 2026 production of over 250,000 barrels of oil equivalent per day. Upon completion, the combined company will be known as NEO NEXT+. Under…

In Spain, Spanish economy 1st December 2025

Spanish manufacturing sector extends growth, but at slightly slower pace

CdM | The Spanish manufacturing sector extended its growth trajectory in November, albeit at a slightly slower pace, according to the PMI index. Therefore, ‘Spain appears to be converging with the dynamics of the eurozone as a whole’. Specifically, the seasonally adjusted PMI index for the Spanish manufacturing sector stood at 51.5 in November. This figure was lower than the 52.1 recorded in October and therefore indicates a slower pace…

In Spain, Spanish economy 25th November 2025

Limitations in electricity grid hinder new connections and Spain’s potential to become industrial hub

Morgan Stanley | Spain has stood out in the eurozone for its solid economic performance, with GDP growth exceeding that of its peers and a particularly strong post-pandemic recovery. This dynamism has sparked greater investor interest, which is reflected in the Ibex being close to historic highs and very tight spreads against Germany. Although a gradual slowdown is expected (2.9% annually in 2025 and 2.4% annually in 2026), potential growth…

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