Spanish Economy News | The Corner .eu

Spanish economy

Spanish economy 19th March 2024

Immigrants – 8.8 million – account for 18.1% of population in Spain

In January 2024, the highest recorded number of foreign-born residents in Spain was reached, 8.8 million people, according to data from the Continuous Population Statistics, analysed by Funcas in the latest Focus on Spanish Society. This figure represents 18.1% of the population, one percentage point more than in 2023, distributed very unevenly among the autonomous communities. The highest percentages correspond to the Balearic Islands (27%), Catalonia and Madrid (24%), Melilla…

Spanish economy 18th March 2024

Moody’s upgrades Spain’s outlook from positive to stable for more balanced growth model

Bankinter| Moody’s with Spain’s credit rating at Baa1 raised its outlook to positive from stable. S&P maintained its rating at A with a stable outlook. Moody’s outlook upgrade is based on a more balanced growth pattern, low private sector leverage, a robust banking sector, a stronger labour market and current account surpluses. S&P maintained its credit rating and stable outlook on the back of “resilient” economic growth, although it notes…

Spanish economy 18th March 2024

In 2023, investment in fixed capital grew by 0.9% in the euro area and, in Spain, by 0.6%

Oriol Aspachs (Caixabank Research)| Investment is back in the spotlight. It is becoming increasingly clear that the rapid rate of technological change and the emergence of new countries with the capacity to compete globally, especially China, will leave those economies that fail to update their productive fabric behind. Moreover, this is happening in a context of growing distrust of multilateral institutions and, in general, between the various economic blocs. Even…

Spanish economy 18th March 2024

Spain’s public debt (€1.4 trillion) growing at 7.8%

According to data from the Bank of Spain (BdE), the debt of the State as a whole amounted in January to €1,422,968 million, a year-on-year increase of 7.9%. The regional governments increased their debt by 2.7% to €324,146 million. In turn, local corporations increased their indebtedness by 1.6% year-on-year in January to €23,212 million, while Social Security debt rose by 9.4% to €116,172 million. Finally, the debt of other central…

Spanish economy 16th March 2024

Caixabank approves share buyback programme for maximum €500 M of treasury shares

Link Securities| As reported in a Significant Event sent yesterday to the Spanish National Securities Market Commission (CNMV), the Board of Directors of Caixabank (CABK) has agreed to approve and initiate a programme to buy back its own shares for a maximum amount of €500 million. The objective of the programme is to reduce Caixabank’s share capital following the redemption of the treasury shares acquired. The capital reduction may be…

Spanish economy 15th March 2024

Spain: 700,000 SMEs running at a loss

Fernando Santiago, president of the Spanish administrative managers, explains: “Our latest barometer, carried out among 6,000 Spanish registered administrative managers, shows that 23% of the 2.9 million small and medium-sized businesses closed in losses in 2023,” Fernando Santiago * | Almost 99% of businesses in Spain have 49 or fewer employees. And if you make a list of the entrepreneurs you know, you will be surprised: the hairdresser’s, the baker’s,…

Spanish economy 15th March 2024

Spain: inflation at 2.8% with core at 3.5% and food at 5.3%

According to the final reading of the data, released yesterday by the National Statistics Institute (INE), Spain’s consumer price index (CPI) rose by 0.4% in February compared to January, slightly more than the 0.3% initially estimated and which was expected by analysts at FactSet analysts.On a year-on-year basis, Spain’s CPI in February, according to the final reading, was 2.8% (3.4% in January), with food rising to 5.3%, which was in…

Spanish economy 15th March 2024

Iberdrola, with over 550 charging points for electric buses with power ratings between 100 and 360 kW, looks to expand network

The Spanish electricity company has announced that it is contributing to the daily recharging of more than 550 electric buses and expects to continue helping to decarbonise more vehicles in the coming months, according to the Bolsamania.com portal. The commitment is part of the company’s Sustainable Mobility Plan and pursues its goal of achieving more sustainable cities, free of carbon emissions thanks to the supply of energy with guaranteed 100%…

Spanish economy 14th March 2024

Ferrovial agrees to acquire 24% of IRB Infrastructure Trust Mumbai for €740 million

Ferrovial, through its toll road subsidiary Cintra, has agreed to acquire a 24% stake in IRB Infrastructure Trust, an investment vehicle that holds a portfolio of 12 toll road concessions in India with a committed pipeline of three additional concessions, for a total investment of €740 million (considering an exchange rate of 89.0 EUR/INR). Ferrovial is acquiring this stake from affiliates of GIC, which currently own a 49% stake of…

Spanish economy 14th March 2024

Laboratorios Rovi, Insud Pharma and Ministry of Science form partnership to research advanced therapies

Link Securities| In a Significant Event sent to the National Securities Market Commission (CNMV) by the company, the pharmaceutical company Laboratorios Rovi (ROVI) announced that it has reached an agreement with Insud Pharma and Innvierte Economía Sostenible, dependent on the Ministry of Science, for the constitution of a commercial company with public-private capital dedicated to the research and development of advanced therapies. The agreement, which was approved on Tuesday by…

« 1 … 5 6 7 8 9 … 299 »