Economy - Page 2
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Copper thefts cripple Spanish infrastructure and electric mobility
Spain faces a surge in copper thefts targeting construction sites, railways, and solar farms. The crime wave disrupts electric vehicle charging and public transport, exposing gaps in security and threatening the country’s energy transition.
Ciudad Real draws Spain’s food tourism leaders to chart a new course
Ciudad Real hosts the IV Jornadas de Destinos Enogastronómicos, where top voices debate how local food and wine can fuel tourism and rural growth. The event puts the region at the center of Spain’s culinary travel ambitions.
Late Notice Can Keep Landlords Tied to a Rental for Five More Years
A reported BOE housing measure changes how Spanish rental contracts end. Owners must give six months' notice or face automatic extensions and possible compensation, although the final effect depends on the applicable decree and its parliamentary status.
RBE shareholders line up a €2.5 billion takeover plan
Gregorio Jiménez is assembling a majority bloc for Restaurant Brands Europe. The proposed deal could value the group at up to €2.5 billion including debt.
Pension hikes in limbo as Spain’s November election stalls budget process
Spain’s snap election on November 29 has thrown pension increases for 2027 into doubt. With no new budget and a caretaker government likely, retirees face a legal maze and political delays over how their payments will be updated.
Electric cars grab a third of Europe's car sales as Spain picks up speed
Electric cars now make up a third of new car sales across Europe. With fuel prices climbing and more affordable models on offer, Spain is finally starting to close the gap after years of slow progress.
EU combustion car ban stalls as 2035 deadline slips into doubt
Brussels has pulled the plug on a crucial vote to end sales of combustion engine cars by 2035, throwing the EU’s climate plan and the future of Europe’s car industry into uncertainty.
AbbVie: Spain risks falling behind in global pharma innovation
AbbVie's top executive in Spain warns that the country could lose its place in global medical innovation unless it ramps up investment and reforms. He calls for bold moves to keep Spain competitive as Europe trails the US and China.
Oil surge and rising debt yields drag Ibex 35 lower
The Ibex 35 drops 1.17% as oil moves above $100 a barrel and government debt yields rise. Spanish banks are watching credit demand closely, but lending volumes remain healthy for now.
Electricity prices crash in Spain as midday power goes free
On October 8, Spanish electricity prices have dropped sharply, with midday hours on the wholesale market costing nothing. Households can save if they shift their usage to these hours, but the relief may not last.
Spanish generic medicines face crisis as price rules threaten supply
Spain’s generic drug sector is sounding the alarm over government price controls that, according to industry leaders, are pushing prices to unsustainable lows and risking the country’s ability to guarantee vital medicines.
Spain forces local authorities to cover tenant debts to halt evictions
Spain’s government has enacted a sweeping housing decree that compels public administrations to assume the debts of vulnerable tenants, blocking evictions unless alternative housing is provided. The law also extends rental protections, clamps down on speculative buying, and introduces new transparency rules for the rental market.
Spanish pharmacies face foreign takeover threat
Spain’s unique pharmacy system is under fire as foreign groups and regulatory changes threaten the independence of local pharmacists. Industry leaders warn that the country’s healthcare access and rural cohesion could be at risk if the current model is undermined.
Used car prices in Spain see sharpest drop in a year
Spain’s used car market has taken a hit, with average prices dropping by over 1000 euros compared to last year. Diesel vehicles saw the steepest decline, while Madrid remains the most expensive region for buyers.
Owning an Empty Flat in Spain Now Costs Owners Thousands Each Year
Leaving a property empty in Spain is far from free. New figures show annual costs can reach 5000 euros, with maintenance, taxes, and community fees quickly adding up. Many owners underestimate the true financial impact of keeping a home unoccupied.
Airtificial wins $6.4 million US contract for EV automation
Airtificial will design and build a $6.4 million automated line for electric vehicle parts in Michigan. The project boosts production for a top supplier near Detroit and marks another global step for Spanish industry.
Spain pushes for strategic autonomy in medicine production
Spain’s pharmaceutical leaders are urging a shift toward strategic autonomy in medicine manufacturing. At a key Madrid symposium, industry voices outlined how innovation, public policy, and cross-border alliances could protect Europe from future supply shocks.
Renault pushes Spanish-made hybrids to rival Toyota in reliability
Renault is doubling down on its Spanish factories, launching a new wave of hybrid SUVs that aim to match Toyota’s legendary reliability. With over €600 million invested and five new models secured, Spain’s auto industry is firmly in the spotlight.
China reshapes Spanish car industry as SEAT faces uncertain future
Spain’s car industry stands at a crossroads as Chinese manufacturers move in and historic brands like SEAT face possible extinction. The country’s factories are shifting from European to Asian control, raising questions about jobs, technology, and Spain’s role in the global automotive race.
Rural Spain faces a fight for survival as small businesses vanish
Thousands of small businesses have disappeared from rural Spain, leaving entire regions struggling to maintain jobs and attract new residents. The challenge is not just about population loss but also about the growing burden of bureaucracy.
Sabadell builds a shield against hostile takeovers
France's BPCE has bought about 7% of Sabadell for roughly €1.2 billion and may raise its holding to 9.9%. With Zurich's 4.95% stake, the French group gives Sabadell a stronger shareholder base after BBVA's failed takeover bid.
Gonzalo Bernardos warns new housing decrees could freeze Spain's rental market
Gonzalo Bernardos, economist and professor at the University of Barcelona, has sharply criticized the government’s proposed housing decrees. He argues these measures will make it harder for tenants to find homes and push landlords to withdraw properties from the market.
Spain's state portfolio puts €50 billion at election stake
Spain's state holds shares worth around €50 billion. Seven of the ten listed companies belong to the Ibex 35. The election could change Madrid's role in strategic businesses.
Landlords threaten rental freeze as silent protest shakes housing market
A new warning from Gonzalo Bernardos spotlights the risk of landlords pulling their properties from the rental market. If owners act, those seeking a home could face even tougher odds, exposing the fragile balance in Spain’s housing sector.
Rioja fruit firms take their export push to Madrid
Sixteen Rioja companies are presenting their produce at Fruit Attraction. Regional support covers 84,863 euros of the shared stand in Madrid.
Lucid Slashes Production and Delays Spanish Launch to 2027
Lucid has cut its vehicle production by more than half and postponed its Spanish market debut to 2027. The company’s latest figures reveal deepening challenges as premium electric buyers in Spain turn to established German and American rivals.
Madrid leaves rest of Spain behind in used car sales boom
Madrid sold more used cars in September than 30 other provinces put together. Sales jumped 34.6 percent, even as most of Spain saw numbers drop. Diesel cars still rule the market.
Spain faces nationwide strike threat over housing crisis
Spain’s largest unions are preparing for a 24-hour general strike to protest the country’s deepening housing crisis. With support from tenant groups and smaller unions, the move signals a rare show of unity and could disrupt daily life ahead of national elections.
Spanish car owners face soaring repair bills as parts prices explode
The cost of keeping a car on the road in Spain is rising sharply. Mechanics and families alike are feeling the pressure as repair bills and parts prices reach new highs, threatening the future of private car ownership.
BPCE takes a 7% stake in Banco Sabadell
BPCE has acquired about 7% of Banco Sabadell for an estimated 1.2 billion euros. The French group will explore cooperation in corporate and investment banking, lending, leasing and cross-border activities while keeping its stake below 9.9%.
Andalucía faces sharp drop in used car sales as rivals accelerate
Andalucía remains Spain’s top region for used car sales, but September brought a steep decline. While other regions gain ground, uneven provincial results and a surge in younger vehicles are reshaping the market.
Sabadell Builds a Defensive Shareholder Bloc With BPCE
France's BPCE has bought about 7% of Banco Sabadell for roughly €1.2 billion. The stake gives Sabadell a powerful new shareholder after BBVA's failed takeover attempt.
Driver shortage hits Spain as vehicle fleets race to meet demand
A surge in fleet movements is reshaping Spain’s car transport sector. Demand for professional drivers has soared, with Madrid, Barcelona, Valencia and Málaga now at the heart of a fast-evolving logistics map.
Mario Conde pushes prefabricated homes as answer to Spain’s housing crunch
Spain’s housing market is stretched thin. Mario Conde says prefabricated homes are the only way to quickly boost supply and make homes affordable again.
Sabadell builds a defensive shield with BPCE stake
BPCE has acquired around 7% of Banco Sabadell, becoming a major long-term shareholder after BBVA's failed takeover bid. The stake could support a wider banking partnership across the Iberian Peninsula.
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