Spain

The security of the UK’s LNG supply is precarious

Spanish economy 12th July 2022

Spain Increases Gas Purchases From Russia (+3.2%) While Purchases Of Algerian Gas Fall (+41%)

Imports of gas from Algeria fell by 41.11% in the first half of 2022 compared to the same period the previous year. Meanwhile, purchases of this raw material from Russia increased by 3.2% year-on-year in the first six months of the year, according to the latest data from Enagás’ Boletín Estadístico, corresponding to June. Specifically, in the first half of the year Spain bought 55,962 gigawatt hours (GWh) of gas…

Spanish economy 11th July 2022

Spain Under Sánchez: Worst GDP Performance In 2018-2021

“Sánchez could not stand that for two years in a row, 2021 and 2022, the growth rate of the Gross Domestic Product has been revised downwards, in the first quarter of the year. This has triggered the dismissal of the president of the National Institute of Statistics, Juan Manuel Rodríguez Poo. A discreet and honest professor of Fundamentals of Economic Analysis at the University of Cantabria, appointed president of the…

Relevant News Item 1st July 2022

The NATO Summit: Spain Leads The Way In Organising Congresses

Fernando González Urbaneja | The NATO summit in Madrid has been a success in all respects, except for the recalcitrant naysayers, who have hardly been noticed. The rest of those involved leave the summit with the feeling of a job well done. In terms of content, in terms of the relevant “strategic definition” for the future of the organisation and its enlargement, the results are in line with the best…

European economy 2nd June 2022

Spain Receives 6 Million Tourists In April, Nine Times More Than In 2021; Spending Soars To €6,901 Million

Spain was visited by 6.1 million international tourists in April, more than nine times the figure for the same month last year (+869.8%), when 629,000 foreign tourists arrived in the country, according to data published by the National Statistics Institute (INE). Total spending by international tourists visiting Spain in April reached 6,901 million euros, an increase of 932.4% compared to a year earlier. With this new upturn in April, the…

European economy 11th May 2022

Austrian Verbund Buys Photovoltaic Assets In Spain From Q Energy For €1 billion

The Austrian utility has been the winner of the large bid organised by the Spanish renewable energy fund Q Energy. The firm has acquired a platform with 82 MW in operation and more than 4 GW under development, valued at over 1 billion euros, in one of the most important renewable energy deals of the year in Spain. The assets are located mainly in Castilla La Mancha and Andalusia. Of…

Spanish economy 28th April 2022

Spain Passed 32 Royal Decrees In 2021, The Second Highest Figure Since 1978, Says Employers Association

Spain approved a total of 32 royal decrees laws in 2021, the second highest figure since 1978 after that of 2020, when the health crisis led to the approval of 39 such rules. This is according to the report ‘Regulatory Production’ that CEOE prepares every year and in which it is found that 2021 was the sixth consecutive year in which the number of royal decrees exceeded the number of…

World economy 18th April 2022

Some 89% of top executives believe there is one too many on the Board

Fernando Rodríguez | Close to nine out of 10 members of Boards of Directors – some 89% – believe that “one or two members should be replaced” on their board. This is according to the latest survey Board effectiveness: A survey of the C-suite elaborated by consultancy PwC and independent organisation The Conference Board, following questions put to 550 top executives from listed companies. Only 29% of those selected think…

Spanish Politics 5th April 2022

Spain: Neither Rome, Nor The Reconquest, Nor Lepanto, Nor The Golden Age…

Pedro García Cuartango, former editor of the newspaper El Mundo, explains in ABC the surprise, the indignation, produced by the penultimate nonsense of the PSOE-UP coalition government regarding its educational project: “The unbelievable becomes possible and the possible becomes real. This is what is going to happen with the decree that the Government is preparing to approve erasing the study of Spanish History before 1812 from the Baccalaureate. Neither the…

Relevant News Item 29th March 2022

The Government Limits Rent Rises To 2% Until 30 June

Amongst the measures to be approved today by the Council of Ministers, Prime Minister Pedro Sánchez has included limiting rent rises to 2%. This is against a backdrop of when, in February for example, the CPI rose by 7.6%, according to the INE. This will be a temporary measure, in principle in force until June, and will differentiate between large and small landlords. If the landlord is a “large landlord”…

Spanish economy 25th March 2022

Subsidising, An Emergency Option With Risks

Fernando González Urbaneja | The crisis that most resembles the current one, although history does not repeat itself, was that of 1973 when Arab oil exporters decided to use a barrel of oil as a weapon of war against the West and, in particular, Israel. The rise in the price of oil, irreplaceable and indispensable for all advanced economies, imposed an unprecedented cost and supply crisis. Supply shocks bring inflation,…

« 1 2 3 4 5 … 99 »