The Second Economic Transition For Spain
New generations favouring autonomy and independence are calling for a second transition: democratic or economic? Or a mix of both?
Spanish economy
Spain’s Price Competitiveness Worsened In 2017 Compared With The OECD, BRIC Countries
Spain ended 2017 with a loss of price-competitiveness at an accumulated level in comparison with the EU (0.8%), as well as with the OECD (1.5%) and the BRIC countries – Brazil, Russia, India, China and South Africa – (0.5%), according to the Index for the Trend in Competitiveness (ITC).
Talgo Will Convert Renfe’s ‘Hotel Trains’ Into New High Speed Trains
Talgo confirmed that Renfe has awarded it a 101 million euros contract to convert three of its ‘hotel trains’ currently not in use into High Speed AVE trains. These will be capable of travelling at 330 kilmotres per hour.
International Funds Launch Offensive Against Possible Cuts In Spain’s Gas Distribution Remuneration
The cuts which the Economy Ministry want to implement in the distribution of gas to networks could amount to over 1 billion euros in three years. And this has set off the alarm bells amongst the big financial institutions and international funds, which have invested a lot in this sector in Spain
A New Intergenerational Social Pact For Spain: A “Two-Stage” Mixed Pension System?
For the past eight years, Spain’s Social Security has been in the red: while revenue has increased by just 1.8% vs 2009, retirement pension spending is 54% higher than in 2009. Given this, “it is vital to define a new intergenerational social pact”, says CaixaBank’s experts.
“A Company Where People Are Angry Doesn’t Function, Nor Does A Country”
Mapping out a horizon for Spain, and recovering a common project for the country, is just what the Círculo de Empresarios (Businessmen’s Association) is trying to do with its latest working documents. The Circulo has 225 members and celebrates its 40 anniversary this year.
Spain Property Sector: Prices Go Up, Sales Increase, Mortgages Rise
The new upward cycle in the property sector seems to be consolidating. Positive proof of that is the fact that housing prices have been increasing for the last two years.
The Complexity Of Spanish Exports
Spanish exports have seen solid growth over the past few years. Moreover the range of destinations has broadened and the products exported diversified. However, CaixaBank Research points that there is still one important issue to resolve: the complexity of exports.
Spain Households’ Savings Target Investment Funds
Spanish households reduced their savings efforts marginally in the third quarter of 2017. Despite the Spanish banks’ attempts to offer positive returns on deposits against a backdrop of negative interest rates from the ECB, families are looking for greater returns from other kinds of financial assets like investment funds.
Spanish Average Electricity Bill Rose 10.8% In 2017, 88€ More Than Year Earlier
An average user’s electricity bill rose 10.8% in 2017 from a year earlier, according to Facua-Consumidores en Acción (Consumers in Action). Whatsmore, Facua denounces the “brutal” 16% increase in tariffs for energy consumed.