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Spanish economy

exports spanish2

Spanish economy 25th October 2021

Understanding the evolution of Spanish exports from a value added perspective

Luís Pinheiro de Matos (Caixabank Research)| The transformation of the Spanish economy in the last decade has been particularly visible in the external sector. It went from losing competitiveness and running ever-increasing deficits between 1997 and 2007 (the current account deficit reached over 9% of GDP) to recovering competitiveness and maintaining a consistently positive foreign balance since 2012 (+1.8% on average over the period 2012-2020). To better understand how this transformation will help the economy after the pandemic, we analyse the trend in exports from a new perspective.

Repsol

Spanish economy 22nd October 2021

Repsol CEO Asks Brussels To Put More Emission Rights On The Market

According to Josu Jon Imaz, Repsol CEO, “it is not acceptable that there are industries which have to stop because they cannot assume the energy costs”. So he has asked the European institutions to immediately put more CO2 rights on the market which, in his opinion, would have an “immediate effect” on consumers’ electricity bills and on the competitiveness of industry. Imaz said that “European consumers are paying an oversized…

spain brand

Spanish economy 22nd October 2021

Spain’s Brand Value Grows By 4% Vs 2020; Is One Of Only 12 Nations To Hit The €1 Bn Mark This Year

The Spanish brand has increased its value by 4% and is ranked 12th in the Nation Brands 2021 ranking by Brand Finance, which analyses the 100 most valuable and strongest country brands in the world. With this increase, it has recovered from the -28% drop it recorded in 2020 due to Covid-19. The world’s most valuable country brand is once again the United States with a value of 20.9 billion euros, followed ever more closely by China with 16.7 billion euros.

red electrica cableado

Spanish economy 21st October 2021

Government Vs Electricity, A Conflict That Remains

Fernando González Urbaneja (La República) | The government and the electricity companies, more specifically Iberdrola and Endesa, have accepted a state of conflict. And they are acting accordingly, to the detriment of everyone else. What could have been an opportunity to cooperate for the benefit of the community has turned into a conflict of power with conflicting egos. The two major electricity companies did not participate in this week’s renewable…

capital energy auction

Spanish economy 21st October 2021

Big Spanish Utilities Drop Their Bids In The Renewables Capacity Auction; Capital Energy Takes The Lead

Intermoney | Capital Energy has won the renewable capacity auction held this week by the Ministry for Ecological Transition. The Spanish utility won 1,548 MW, almost all of them wind, out of the total of some 3,100 MW awarded. Endesa, Iberdrola and Acciona Energía declined to bid in this auction, no doubt due to regulatory uncertainty and the dispute between the first two and the government.

Acerinox cool

Spanish economy 20th October 2021

Spanish Industry Starts To Grind To A Halt Due To The Price Of Energy, The Most Expensive In Europe

In September, Spanish industry paid the most expensive energy price in Europe: 102.55 euros MW/h, compared to 43.83 euros in France and 69.19 euros in Germany, El Mundo reports. These prices are an inevitable death sentence, for example, for the over 600 workers at Alcoa’s aluminium factory in San Ciprian (Lugo). They have been demonstrating for weeks, demanding a solution to the announced closure of the plant and a price…

Araceli

Spanish economy 20th October 2021

Almost 80% Of The Total Spanish Population Is Vaccinated

The Ministry of Health has notified on Monday that 90% of the target population, i.e. those covered by the vaccination campaign, have already received at least one dose of COVID-19 vaccine. In total there are 37,891,519 people, almost 80% of the total population of Spain. With regard to the current average incidence of infection in Spain in the last 14 days, the slight rise recorded in recent days has been slowed down, with the figure falling to 41.90 cases per 100,000 inhabitants.

Just Sanchez

Spanish economy 19th October 2021

European Funds Get Bogged Down in Bureaucracy

According to El Periódico, “the excessive expectations that had been created about a rapid arrival of European money to the Spanish economy are colliding with bureaucracy and the lack of communication between administrations and companies”. The Ministry of Finance claims that 60.9% of the funds planned for this year have already been authorised – through the Council of Ministers and the different sectoral conferences – and that 25.5% of the…

Naturgy

Spanish economy 18th October 2021

Naturgy Remains Above The Price Of The Takeover Bid

IFM’s takeover bid for 22.7% of the capital of Naturgy (NTGY) at a price of 22.07 euros/share ended Thursday, with a level of acceptance of 10.83%. Far below the aspirations of the Australian fund. Naturgy shares rose on Thursday by 4.62% to 24.01 euros/share (a high of 24.87 euros/share) and closed on Friday at 23.25 euros/share. Today, Monday, it is still trading at 23 euros per share. Analysts suspect that…

pedro sanchez preocupado

Spanish economy 18th October 2021

Will The Spanish Budget Deliver A Fair Recovery?

J.P. Marín-Arrese | The Spanish government boasts that the tabled budget will benefit most citizens, from pensioners to young people, self-employed people or civil servants. It hopes targeting such groups will pay off when election time comes. The government is also pinning its re-election hopes on the bonuses it will give young people to help them find a place to live on their own and on the money for entertainment…