Economy - Page 3
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Ford Almussafes faces crisis as production plummets
Ford’s Almussafes factory in Valencia is running at a fraction of its capacity, with taxpayers footing the bill to keep jobs alive. The plant’s future now hinges on delayed investment from China’s Geely.
Ibex 35 rises as Solaria rebounds and Repsol slides
Spain's Ibex 35 ended higher despite weaker GDP data and a late loss of momentum. Solaria jumped nearly 9% after its sharp fall, while Repsol dropped more than 2% as oil prices declined.
WiZink CEO leaves as Unicaja talks continue
Iheb Nafaa is leaving WiZink for personal reasons. President Joaquim Saurina will take over as the bank continues talks with Unicaja after another loss-making first half.
Spain's Growth Runs Into a Sharper Grocery Bill
Spain's economy grew by 0.7% in the second quarter and by 2.6% from a year earlier. Household spending and investment drove the rise, while fresh food prices climbed much faster than the average basket.
WiZink CEO Iheb Nafaa exits amid Unicaja talks
WiZink CEO Iheb Nafaa has left the bank for personal reasons. Chairman Joaquim Saurina will take over his functions as talks with Unicaja continue without a reported agreement.
Union leader demands protection for Spanish electric car production
Unai Sordo, head of CCOO, warns that unchecked Chinese electric car imports could force Spanish plants like Renault’s to halt production. He urges guarantees for investment in hybrid and electric vehicle manufacturing in Spain.
The Madrid eviction that exposed a small landlord
An 87-year-old woman has left her Madrid home after seven decades. The company behind the eviction says it is a small business. Its accounts and property strategy show a more complicated picture.
Joaquim Saurina takes executive control at WiZink
By August, WiZink's result had turned positive, according to bank sources, but the bank remains under pressure from legal claims and an open deal with Unicaja. Joaquim Saurina takes executive control after Iheb Nafaa's departure.
WiZink returns to profit before CEO exit
Iheb Nafaa is leaving WiZink for personal reasons after the bank returned to profit and strengthened its solvency. The change comes as WiZink discusses a possible card-business sale with Unicaja.
Basque pensions stay highest in Spain, but growth slows
Basque retirees get the biggest pensions in Spain, topping the national average by more than 300 euros. But growth in Euskadi is now among the slowest, raising new questions as the number of pensioners keeps rising.
Morocco builds Africa's first battery gigafactory just across from Spain
A $6.8 billion battery plant is rising in Kenitra, Morocco, only 15 kilometers from Spain. With Chinese giant Gotion High-Tech behind it, this project could shake up the electric vehicle race in southern Europe.
Spain weighs tariffs as Chinese electric cars take over the market
Chinese brands like Omoda and BYD are grabbing a big share of Spain’s car market, while local jobs and factories fall behind. The push for tariffs is heating up as Europe faces growing dependence on Chinese technology.
EQT puts its Parques Reunidos stake up for sale at €1.7 billion
EQT is preparing to sell its controlling stake in Parques Reunidos. JPMorgan will manage the process, which values the holding at about €1.7 billion.
INE Lowers Spain's Annual GDP Growth Forecast to 2.6%
Spain's economy grew 0.7% between April and June. The INE lowered annual GDP growth to 2.6%, while domestic demand kept the expansion going.
France and Morocco move ahead with new undersea power cable
France and Morocco are working on a high voltage undersea cable to link their power grids. This project could change how energy moves between Europe and North Africa, especially after Morocco’s failed UK deal.
Germany's Economic Model Faces Its Hardest Test
Germany's industrial engine is losing power as the AfD advances. The CDU is weakened, while pressure grows over jobs, energy and Europe's direction.
Spain's regulated gas tariff could rise by more than 50%
Spain's regulated gas tariff could rise by more than 50% in October. The final figure is due this month, but the Government has not said whether it will step in.
BBVA tries out car sales and iPhone rentals in Turkey
BBVA is breaking out of its banking mold in Turkey, selling used cars and renting iPhones through Garanti. The bank is testing these new business lines before deciding if Spain will get them too.
Chinese car brands push Spanish auto sales back to pre-pandemic levels
Car sales in Spain have finally bounced back to pre-pandemic numbers, but the real shift is the fast rise of Chinese brands. The market is growing, but the winners are changing.
Housing Is Spain's Biggest Problem
Housing has become Spain's main concern, according to the monthly CIS survey. Prices have reached a record, the country faces a structural shortage of homes, and pressure is spreading beyond its biggest cities. The poll asks who should be held responsible.
Spain’s most popular used car in 2026 is nearly seventeen years old
Used cars are outselling new vehicles two to one in Spain. The top sellers are almost 17 years old, and diesel is still the favorite, raising new worries about safety and emissions.
Used electric car prices fall as new models shake up Spanish cities
Used car prices in Spain have dropped fast as new electric models and more stock hit the market. But most sales still involve old diesel and petrol cars, so the shift to cleaner vehicles is slow and uneven.
Ibex 35 slips as oil prices and bond yields rise
The Ibex 35 is moving away from 20,000 points again. Oil above 105 dollars and rising bond yields are bringing rate fears back, weighing on Solaria while Repsol gains.
Trump and Xi put Spanish car factories at risk with tariff showdown
The Trump-Xi summit in Washington has thrown Spain’s auto industry into doubt. With tariffs on Chinese electric cars and rare earths up for debate, thousands of Spanish factory jobs are now on the line.
Renault puts €600 million into electric car production in Spain
Renault will spend €600 million to launch five new models in Valladolid and Palencia, including two electric cars and a battery assembly line. This is Renault’s first electric car production in Spain and will keep thousands of jobs secure.
Electric cars hit 10% of new car sales in Spain
Electric vehicles now make up 10 percent of new car sales in Spain from January to August 2026. While Germany and France pull ahead, Spain and Italy are seeing slower but steady growth in electric adoption.
Drivers face sharp fuel price jump as state aid ends
Spanish motorists are bracing for a steep rise in fuel costs as state subsidies on gasoline and diesel expire at the end of September. With no confirmed extension, drivers are urged to refuel now to avoid paying even more at the pump in October.
Zegona sets aside €400 million for shareholders
Zegona plans to return €400 million to shareholders through dividends and share buybacks. The move follows a sharp recovery at Vodafone España and could further increase the value held by its top executives.
Vigo Port powers ahead as Spain’s top fishing and export hub
Vigo Port has bounced back with its best month this year. Fishing, vehicles, containers, and cruise traffic are all up, putting Vigo firmly at the front of Spain and Europe’s maritime trade.
Oil surge fails to knock Spain's Ibex 35 below 19,600
Spain's benchmark index stayed above 19,600 points despite another jump in oil prices. Repsol led the gains as Middle East tensions and uncertainty over a US diesel policy debate kept investors cautious.
Spanish drivers brace for fuel price jump as tax breaks expire
Spanish drivers are about to see fuel prices rise as government tax cuts end on September 30. With oil prices already unstable, filling up could get much more expensive in October, forcing many to decide whether to refuel now or risk paying more later.
Sánchez uses UN week to defend Spain's economic model
Pedro Sánchez presents Spain as a multilateral power at the UN, pointing to stronger growth and social protection. He also acknowledges the housing crisis and calls for tougher international rules on artificial intelligence.
Ignis IPO faces regulatory risk from Spain's data centre rules
A draft decree could unsettle Ignis before its planned market debut. The company wants €500 million to expand its data centre business in Spain.
Valladolid opens €1 million fund for vulnerable entrepreneurs
MicroBank will make €1 million available for business projects in Valladolid. The loans can cover the full investment without property or personal guarantees, although legal entities may need a guarantee from participating owners.
Chinese car giants move in on Spain’s auto market
Spain is now the first country in Europe where all seven top Chinese car groups have set up their own subsidiaries. With low prices and a fast-growing dealer network, these brands are shaking up the Spanish car market.
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