Economy - Page 3 2976 news

AWS shifts Aragón tax payments to local councils

AWS will shift its municipal IAE payments in Aragón from Madrid to the towns hosting its data centres. The company will also make retroactive payments covering the 2023 to 2026 tax period after pressure from local authorities and businesses.

Córdoba puts BLET at center of industrial push

Rocío Blanco says the future army logistics base could bring investment and jobs to Córdoba, while opening the door to new suppliers. Construction delays and a legal challenge could slow the project, as could the lack of an internal rail terminal.

Spain forces local authorities to cover tenant debts to halt evictions

Spain’s government has enacted a sweeping housing decree requiring public administrations to assume the debts of vulnerable tenants and blocking evictions unless alternative housing is provided. The law extends rental protections and limits speculative buying; rental-market transparency rules will tighten as well.

Spanish pharmacies face foreign takeover threat

Spain’s pharmacist-owned pharmacy system is under pressure from foreign groups and regulatory changes. Industry leaders warn that healthcare access and rural cohesion could be at risk if the model is undermined.

Spain pushes for strategic autonomy in medicine production

Spain’s pharmaceutical leaders are calling for greater autonomy in medicine manufacturing. At a Madrid symposium, industry figures outlined how new idea and public policy, backed by cross-border alliances, could protect Europe from future supply shocks.

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 such as SEAT face possible extinction. The country’s factories are shifting from European to Asian control, raising questions about employment and technology, as well as Spain’s role in the global automotive race.

Sabadell builds a shield against hostile takeovers

France's BPCE has bought about 7% of Sabadell for roughly €1.2 billion and may lift its holding to 9.9%. Alongside Zurich's 4.95% stake, the French group's investment would bolster Sabadell's shareholder base after BBVA's failed takeover bid.

Lucid Slashes Production and Delays Spanish Launch to 2027

Lucid has cut 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.

Spain faces nationwide strike threat over housing crisis

Spain’s largest unions are preparing a 24-hour general strike to protest the country’s deepening housing crisis. Tenant groups and smaller unions are backing the move, a rare show of unity that could disrupt daily life ahead of national elections.

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%.