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ohla torre espacio

Spanish economy 8th November 2023

OHLA to participate in reconstruction of railway station in Czechia for more than €120 million

Link Securities| OHLA will participate in the Temporary Joint Venture (TJV) in charge of the reconstruction of the Brno-Královo Pole railway station, located in the Czech Republic, for more than €120 million, through its subsidiary OHLA ZS, as reported on Monday by Europa Press. This is one of the main railway contracts awarded by the company this year in the country and includes railway superstructure and substructure, platforms, bridges, walls,…

Unicaja

Spanish economy 7th November 2023

Norges Bank increases stake in Unicaja to 7.47%

Norges Bank has increased its stake in Unicaja’s capital to 7.47%. This was communicated this Monday to the Spanish Securities and Exchange Commission (CNMV) after increasing by more than two points from the 5.4% it previously held. Of this percentage, 4.261 points are held directly, while 3.21 are structured through financial derivatives. According to the same information, Norges now holds 2.654 million shares. Thus, Unicaja’s capital would be made up…

Reig Jofre

Spanish economy 7th November 2023

Laboratorios Reig Jofre produces in Barcelona and markets in Japan a record 15 million vials of Remifentanil anaesthetic

Link Securities | Laboratorios Reig Jofre (RJF) has informed the CNMV that it has reached an important milestone together with its partner Maruishi Pharmaceutical in Japan: the production in Barcelona and commercialisation in Japan of 15 million vials of the anaesthetic Remifentanil, a latest generation intravenous anaesthetic for hospital use. This product, developed internally by the company, is produced in RJF’s sterile and lyophilised injectables plant. RJF’s plants are responsible…

pedricola

Spanish economy 7th November 2023

Real per capita income of Spanish households 0.7% below 2007, third worst in OECD

Real per capita household income in Spain at the end of the second quarter of 2023 remains 0.7% below that of the first quarter of 2007, before the financial crisis, making the country the third worst performer in the OECD in this macroeconomic indicator, according to data published on Monday by the organisation. While in the OECD countries as a whole, per capita household income in real terms (i.e. after…

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In Spain, Spanish economy 1st November 2023

Preliminary CPI in Spain repeats at 3.5% in October, but core moderates to 5.2%

Bankinter: Preliminary CPI for October repeats at +3.5% year-on-year (vs. +3.8% expected and from +3.5% previously). The Underlying figure slackens to +5.2% year-on-year (compared to +5.6% expected and from +5.8% previously). On a month-on-month basis, the headline rate rebounds +0.3% and the core +0.4%. More details are available in the press release from the National Statistics Institute linked here. According to Bankinter experts, “the figure is better than expected. Headline…

exports gorgeous

Spanish economy 30th October 2023

Spanish exports lose steam but trade deficit narrows

Luis Alcaide| The value of Spanish exports in August has repeated the pattern of the last ten years, albeit with less vigour. Exports fell by 14% year-on-year compared with July and by 10% year-on-year. The evolution of imports follows the same pattern, down both year-on-year and year-on-year. The trade deficit, €4,435.1 billion in August, is down substantially compared to €7,937.2 billion in August 2022. The lower trade deficit together with…

caixabank sunset

Spanish economy 27th October 2023

CaixaBank reports net profit of €3.66 billion in first 9 months of year, up 48.2%

In the first nine months of the year, core revenues were up 34.3% year-on-year to €11.13 billion, driven by net interest income, which stood at €7.36 billion, up 60.7% on the same period of 2022. The growth in NII, compounded by the improvement in insurance service result (+21.2%) and equity accounted income from bancassurance stakes (+47.6%), offset the 5.3% decline in net fees. Specifically, recurring banking fees dropped by 9.1%…

viviendaCM 1

Spanish economy 27th October 2023

Mortgages granted in Spain fall by 22.7% year-on-year in August

Santiago Martínez (Ibercaja)| The number of mortgages granted in Spain fell by -22.7% year-on-year in August, the average amount by -4.9% (to €138,171) and the total amount granted by -26.2%. As can be seen in the evolution of both sales and mortgages granted, the correction of the real estate market continues its course from transaction levels that seemed unsustainable if we take into account recent demographic trends and those expected…

employment office

Spanish economy 26th October 2023

Spain’s unemployment rate deteriorates in 3Q2023 to 11.84% from 11.60% in previous quarter

Bankinter| The unemployment rate deteriorated in 3Q2023 to 11.84% from 11.60% previously and vs. 11.45% expected. The number of unemployed rose to 2.85m (vs. 2.76m at June 2023). The Activity Rate increased to 59.41% (vs. 58.57% previously). See full information in this link. Assessment: We believe that the expected slowdown in economic growth in the second half of the year will be reflected in a certain deterioration of the Unemployment…

RepsolImaz

Spanish economy 26th October 2023

Repsol posts net income of €2.785 billion in first nine months of 2023

Investments through September totalled €4.362 billion (+82%), mainly in Spain and the United States and aligned with the aim to allocate 35% of total investments in the year to low-carbon projects. At the same time, the company’s fiscal contribution totalled €10.89 billion. Repsol strengthened its renewable generation portfolio and its presence in the United States with the acquisition of ConnectGen, a company with a pipeline of 20,000 MW. The company…