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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…

In Spain, Spanish economy 19th November 2025

Number of house sales in Spain rises 3.8% year-on-year in September to 63,794 transactions

Link Securities | According to data from the Property Rights Transfer Statistics (ETDP) published by the National Statistics Institute (INE), in September the number of home sales in Spain increased by 3.8% year-on-year to 63,794 transactions, the highest figure for a month of September since the series began in 2007. Thus, up to September (9M2025), the number of home sales transactions has accumulated a year-on-year growth of 14.4%. It should…

Spanish economy 18th November 2025

Spanish Public Debt Grows at Annual Rate of 4.5% and Hits New Record of €1.71 Trillion

According to preliminary data published by the Bank of Spain (BdE), the outstanding balance of Spanish Public Administrations’ debt stood at €1.710 trillion in September, representing a 4.5% increase year-on-year, while the increase compared to August was 0.1%. The September figure marks a new historical record. The BdE reported that in September, central government debt grew by 4.6% year-on-year, reaching €1.558 trillion, which represents 94% of GDP. For their part,…

In Spain, Spanish economy 5th November 2025

US bank forecasts Spain’s GDP to grow 3.5% in 2024, 2.9% in 2025 and 2.2% in 2026

Alphavalue / Divacons | A leading US bank has revised its growth projections for the Spanish economy upwards, validating the strength of the current expansionary cycle in contrast to the slowdown observed in the rest of Europe. The US financial institution now anticipates Spanish GDP growth of 3.5% for 2024, 2.9% in 2025 and 2.2% in 2026. These new estimates exceed previous forecasts, which stood at 3.2%, 2.7% and 2%…

Spanish economy 5th November 2025

Lawyer group reports merger between Indra and its chairman’s company Escribano to CNMV

The acquisition of Escribano Mechanical and Engineering (EM&E) by Indra has encountered another adversary. In addition to the opposition from a part of the company’s board of directors —controlled by the State Industrial Participation Company (SEPI) with a 28% stake— due to the conflict of interest inherent in buying the family company of its own chairman, there is now the opposition of the Hay Derecho Foundation. The institution, composed of…

Companies, Relevant News Item, Spanish economy 4th November 2025

Telefónica opts for deleveraging and halves its dividend

Telefónica’s results met forecasts in terms of revenue, exceeded them in underlying EBITDA, and fell short in terms of EBITDA, EBIT, and net profit (continuing operations). Revenue was €8.957 billion (down 1.5% versus Q3 24), EBITDA was €2.867 billion (down 6% versus consensus and 8% compared with Q3 24), underlying EBITDA was €3.071 billion (up 1% versus consensus and down 1% compared with Q3 24), EBIT was €952 million (down…

Spanish economy 3rd November 2025

No longer any difference in Spain between minimum wage (€15,120) and most frequent salary (€15,575)

The urgency with which the minimum wage (SMI) has been increased in Spain (a 46% rise just between 2018 and 2023, triple the increase of the preceding decade) clashes with companies’ real capacity to absorb it. And this has an impact: if the nominal SMI was equivalent to 60% of the modal (most frequent) salary in 2018, it reached 97% in 2023. Thus, in Spain, the interprofessional minimum wage is…

Companies, Relevant News Item, Spanish economy 31st October 2025

CaixaBank achieves profit of €4.397 billion up to September, up 3.5%

The CaixaBank Group obtained a net profit of €4.397 billion between January and September 2025, after growing by 3.5% compared to the same period of the previous year. CaixaBank, which serves 20.6 million customers in Spain and Portugal through a network of around 4,100 branches, holds more than €660 billion in assets. The year-on-year evolution of the income statement reflects, as it did in the first half of the year,…

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