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Spanish economy

Abengoa anticipates tripling its billing in 10 years

Spanish economy 6th July 2022

Public Administrations Try To Save Abengoa

The Central Government and the Andalusian Regional Government agreed on Monday to “delimit” the network of around 300 subsidiaries of multinational Abengoa that could be saved. This will necessarily require them to have business activity and a workload. In any case, the operation will require the backing of Brussels, according to both administrations. Their work begins this Tuesday with a technical working group to analyse the viability plan presented by…

Forty years of Spanish constitution: What's next?

Spanish economy, Spanish Politics 5th July 2022

The Government Will Today Approve Extraordinary Spending Of 1 Billion Euros On Defence. His Podemos Partners Say Sánchez Has Lost His Way

The government will today approve a loan of up to 1 billion euros for the Ministry of Defence, according to El País. A decision that does not have the approval of Unidas Podemos and was not even consulted over with them, according to purple sources. However, government sources specify that “all ministerial departments were informed” in the General Commission of Secretaries of State and Undersecretaries held the previous week. They…

Spanish economy 4th July 2022

Spain: Unemployment Falls By 42,409 In June

The number of unemployed registered in the offices of the public employment services (formerly Inem) fell by 42,409 in June (-1.4%). This brings the total number of unemployed below 2.9 million for the first time since autumn 2008. Specifically, June closed with 2,880,582 unemployed, its lowest figure since October 2008, at the beginning of the financial crisis, according to data published Monday by the Ministry of Labour and Social Economy….

Spanish economy 1st July 2022

Spaniards Start To Use Savings To Make Ends Meet

Spanish households placed their savings rate in the first quarter at -0.8% of their disposable income, thus registering their first negative rate since the first quarter of 2019. In the previous quarter, the household savings rate was 8.3%, the National Statistics Institute (INE) reported on Thursday. The fall in the household savings rate to -0.8% is due to the fact that they spent more than they earned. Thus, their disposable…

Spanish economy 30th June 2022

Change And New Regulation In The National Statistics Institute. It is Necessary To Measure As The Government Wants

Juan Rodríguez Poo presented his resignation as President of the National Statistics Institute (INE) on Monday, after months in which the Government has publicly questioned the work and methodology of the Institute.European regulations do not allow for public recommendations by the Government on the indicators to be measured by the Institute. As, for example, those made by the First Vice-President, Nadia Calviño, on the use of the so-called “daily GDP”….

Spanish economy 29th June 2022

Inflation Soars To 10.2% In June, The Highest In 37 Years

The CPI shot up 1.5 points in June, closing at a year-on-year rate of 10.2%, according to the INE’s leading indicator. This is the highest inflation in 37 years, since 1985, surpassing both the 8.7% figure recorded in May and the previous high of 9.8% in March. Gasoline and food products were responsible for the rise in prices, according to the INE, which, as this is a first estimate, does…

Spanish economy 29th June 2022

Sánchez And Biden Seal “The Rota Pact”: More Ships And More Marines In Exchange For Investment

The war in Ukraine has changed everything. So has the relationship between Spain and the United States. The ‘Rota Pact’ has been key for Biden to speak of Sánchez now as a “friend” and for the two to exchange confidences. But it has not been easy to make concrete. Months, even years, of work have been done behind the scenes on this 180-degree turn in Spain’s relationship with the United…

Spanish economy 29th June 2022

SEPI’s Takeover Bid For Indra Would Cost 1.2 Billion Euros

“The Spanish government’s takeover of Indra is going to put the Comisión Nacional del Mercado de Valores (CNMV) on the spot, as the outcome could have a high cost for Spanish taxpayers. At first glance, it seems obvious that there has been an agreement between shareholders holding more than 30% of the capital of the technology and defence company to overturn its board of directors,” explains the daily Expansión, which…

Spanish economy 28th June 2022

Media Terminals, Myth Or Reality?

Fernando González Urbaneja | I will not be so naïve as to hold up the impartiality, objectivity, neutrality, independence… of the media and journalists. Too many years in the profession to remain trapped in that angelic vision. We are not neutral and independence goes by neighbourhoods, topics and times. Each media outlet, each journalist has his/her preferences, biases, sympathies (and antipathies that may not be very bearable) in more or…

Spanish economy, Spanish Politics 28th June 2022

NATO Summit: Sánchez To Meet With Biden Today At La Moncloa

Prime Minister Pedro Sánchez will finally receive the President of the United States, Joe Biden, this Tuesday at the Moncloa Palace. This will be with a view to staging what the Executive has endeavoured to ensure is a solid bilateral relationship after the failed meeting a year ago that ended in a brief chat lasting barely 30 seconds. The US president is travelling to Madrid for the NATO summit, an…

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