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Spanish economy

tractorada 1

Spanish economy 7th February 2024

Spanish farmers cut 20 roads before protests called by agricultural unions begin

The countryside is rising up. And without waiting for the official call for protests, which the three large agrarian organisations, Asaja, COAG and UPA, are preparing to imitate in Spain the discontent seen in France, Germany, Italy or Greece, roads throughout the country were brought to a standstill this Tuesday. They come out to demand a more flexible Common Agricultural Policy (CAP). They lack a clear leader and many admit…

grifols edificio

Spanish economy 6th February 2024

Grifols addresses some governance recommendations and announces appointment of Nacho Abia as new CEO

Renta 4| Grifols (GRF) has announced the appointment of Nacho Abia as the new CEO, replacing Thomas Glanzmann who will continue in the role of executive chairman. Nacho Abia, who will take up the position as of April 1, has more than 25 years of experience in the management of multinationals in the sector, having previously been responsible for global strategy at the listed Japanese company Olympus Corporation, a leader…

Neinor nuevo

Spanish economy 6th February 2024

Neinor reinforces its commitment to Catalonia with investment of €437 million over five years

CdM| Neinor Homes (HOME) has strengthened its presence in Catalonia with the start of the marketing of a portfolio of 74 homes in the area of Vallès Occidental, in the province of Barcelona, and the delivery of 97 homes in Salou, Tarragona, as reported Monday by the company in a statement. Specifically, these are the Atlas Homes, Sant Cugat Homes and Salou Homes developments, whose combined investment amounts to more…

indra edificio

Spanish economy 5th February 2024

Indra interested in taking control of Tess Defence

Link Securities| Indra (IDR) informed the National Securities Market Commission (CNMV) that the current CFO of the Company, Mr. Borja García-Alarcón, has informed the company of his decision to leave his position at the end of February, following the preparation of the accounts and the presentation of results for the financial year 2023, in order to begin a new professional stage. Indra would like to thank Mr. García-Alarcón for his…

Spain tourism GDP

Spanish economy 5th February 2024

Spain breaks new tourist record in 2023: up 18.7% to 85.1 M travellers, Catalonia, Balearics and Canaries most visited

CdM| Spain closed the year with a new record in tourist arrivals, as all forecasts had predicted. According to National Statistics Institute (INE) data published today, a total of 85.1 million tourists visited Spain in 2023, an increase of 18.7% over the previous year, reports Europa Press. Comparing this figure with 2019, before the pandemic, tourist arrivals were 1.9% higher. The British and French are at the head of tourist…

unemployment spain

Spanish economy 2nd February 2024

Number of unemployed in Spain increases by 60,404 people in January

Bankinter: The number of unemployed increased in January by 60,404 people, after falling in the last two months of last year (by 24,570 Nov-23 and 27,375 in Dec-23). The total number of unemployed stands at 2.77m people (up 2.2% month-on-month; down 4.8% year-on-year) and seasonally adjusted Social Security enrolment stands at 20.88m people (up 38.5 thousand in the month). Assessment: Employment figures increase in January, slightly above the average of…

caixabank2

Spanish economy 2nd February 2024

CaixaBank posts profit of €4.82 billion in 2023, up 53.9%, and will pay €2.89 billion dividend

CaixaBank Group posted an attributable net profit of €4.82 billion in 2023, up 53.9% against the €3.13 billion reported in 2022. The Group serves 20.1 million customers through a network of around 4,200 branches located across all of Spain and Portugal and has more than €600 billion in assets. The Board of Directors has submitted a proposal to the General Shareholders’ Meeting for the payment of a cash dividend of…

enagas logo

Spanish economy 1st February 2024

Enagás estimates Spanish investment in H2Med at €1 billion, as it registers 650 green hydrogen projects

Norbolsa| The company estimates that the investments planned to achieve the Spanish hydrogen infrastructure total €4.9 billion (€1.2 billion in underground storage and €3.7 billion in infrastructures). In this sense, for H2Med, an investment of €2,5 billion was estimated, of which €1 billion would be Spanish investment. The company registered 650 hydrogen projects from a total of 206 companies in the “Call for interest” process it launched last September to…

repsol estacion servicios

Spanish economy 1st February 2024

Norges Bank increases participation in Repsol’s capital by 0.88% to 5.417%

Norges Bank, which manages Norway’s sovereign fund, has reinforced its commitment to Repsol (REP) and has raised its stake in the energy company’s capital to 5.417%, its highest position since it joined the company. Specifically, the firm has increased its participation in Repsol by 0.88% of the capital from 4.535%, which was the last position it had communicated at the beginning of this month. At current market prices, this 5.417%…

Banco Santander

Spanish economy 31st January 2024

Santander reports attributable profit of €11,076 million for 2023, up 15%

Santander achieved an attributable profit of €11,076 million in 2023, up 15% in current euros versus 2022, as strong growth in revenues, particularly in Europe, growth in customers and good cost control more than offset the expected year-on-year growth in provisions. In the fourth quarter, attributable profit increased 42% (+28% in current euros) versus the fourth quarter of 2022 to €2,933 million. Santander increased profitability and shareholder value, with a…