Economy - Page 4
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Spain faces a housing and production shortfall as factories stand idle
Spain is running out of new homes and locally made products as construction slows and factories remain empty. While regulations multiply, the country’s ability to produce what it needs is slipping further behind.
Euribor climbs above 3% as Spanish mortgage pressure deepens
The 12-month euríbor reached 3.247% in September. Variable mortgage borrowers face higher October payments as housing prices remain near record levels.
Woody Allen chooses Madrid for his 51st film
Woody Allen will start filming his 51st movie in Madrid on October 5, 2026. The diplomatic story has €3 million in public backing and a reported budget of about $14 million.
Euribor starts October at 3.303% after daily fall
The 12-month Euribor fell to 3.303% on October 1, 2026. The drop offers little relief because October's monthly average is already above September's figure.
Pedro Sánchez tours Delta Vigo to back Galicia’s aerospace ambitions
Pedro Sánchez made a high-profile stop at Delta Vigo’s main plant, signaling government support for the Galician engineering group’s growing role in Airbus projects. The visit highlighted Delta’s technical prowess and its expanding footprint in the European aerospace sector.
Junts threatens to block housing decrees over small owner protections
Junts is on the verge of rejecting Spain’s new housing decrees, accusing the government of abandoning small property owners in Catalonia. The party’s leadership will decide its final stance just hours before the crucial vote.
Cantabria Car Sales Outpace National Growth with Surging Registrations
Cantabria’s car market is pulling far ahead of the Spanish average, with passenger vehicle registrations up 18.1 percent this year. But behind the headline, commercial and industrial vehicle sales tell a different story.
Fuel Shield Cuts Petrol Prices Across Bizkaia
The crisis shield is now in force across Spain. Petrol has fallen by eleven cents per litre in Bizkaia, but diesel is unchanged as stations work through older stocks.
Hybrid and electric cars spark record boom in Galicia registrations
Galicia’s new car registrations jumped 24 percent in September, far outpacing the rest of Spain. Hybrids and electrics now rule the market, while diesel and petrol models are fading fast.
Olive oil prices shift as Spanish harvest faces climate pressure
Spain’s olive oil market has posted fresh prices for extra virgin, virgin and lampante grades. With climate swings threatening harvests and production costs rising, the sector’s stability is under scrutiny as the country remains the world’s top exporter.
Trump warning sends Ibex 35 below 19.300 points
Only Indra and Solaria gained at the opening as the Ibex 35 fell 0.9% on 1 October. Investors weighed Trump's warning on Iran, oil near 100 dollars per barrel and the risk to shipments through the Strait of Hormuz.
Ford CEO signals readiness for Chinese partnerships in key markets
Ford’s top executive Jim Farley is open to strategic alliances with Chinese carmakers where it boosts efficiency. As Europe cedes ground to China, Ford eyes selective cooperation to stay competitive in electric vehicles and global markets.
Canary Islands mortgages hit highest euríbor level since July 2024
The euríbor reached 3.24% in September, adding about €85 to a typical monthly mortgage payment. Rising energy prices and inflation are putting further pressure on household budgets.
Chinese giant Gotion takes major stake in Volkswagen battery plant in Valencia
Gotion will invest 1.1 billion euros to acquire 49 percent of Volkswagen’s battery gigafactory in Sagunto. The move cements a powerful alliance and signals a new era for European battery production.
Gotion High-Tech sets sights on Valladolid with major battery investment
Gotion High-Tech and Inobat are launching a new battery ecosystem in Valladolid, starting with a €940 million investment and plans for 1,000 jobs. This move signals a new phase in Spain’s electric vehicle industry and intensifies competition among global battery giants.
Biomethane market enters a new phase at Valladolid trade fair
Spain's biomethane sector is moving closer to a commercial market. More than 4,230 energy professionals gathered in Valladolid to discuss investment, regulation and public trust.
Spain's Maricarmen decrees push rental investors toward home sales
Spain's housing groups warn that the Maricarmen decrees could weaken rental investment. Some developers may switch planned rental projects to home sales while the measures await Congress approval.
Euribor reaches its highest monthly level since July 2024
Spain's mortgage benchmark has risen for a third straight month. The September average reached 3.247%, putting more pressure on variable-rate borrowers at their next review.
BBVA puts €250 million behind Spain's franchise sector
By August 2026, BBVA was working with about 1,060 franchise brands in Spain, roughly eight out of ten in the market. The bank has mobilised €250 million for the entrepreneurs and small companies opening those local businesses.
Telefónica España splits into three independent business units
Telefónica España is creating three independent units and moving its registered office to Ronda de la Comunicación in Madrid. The decision follows the sale of the group's historic Gran Vía 28 building.
Ford Almussafes secures labour deal through 2030
Ford Almussafes and UGT have ended months of talks. The agreement sets pay rises above inflation and adds new workplace benefits through 2030.
Rent hikes halted for thousands as Spain's new index takes charge
Landlords across Spain are now blocked from raising rents above strict government limits until 2028. A new official index decides if your rent can go up or stays frozen, with rules based on your address and property details.
Rental housing faces sharp slowdown as new decrees trigger selloff fears
Spain’s leading property developers predict a wave of rental homes will be sold off instead of leased after the government’s latest housing decrees. Industry leaders argue the new rules will shrink rental supply and stall affordable housing projects.
Telefónica splits its Spanish business into three units
Telefónica is reorganising its Spanish subsidiary around three business units. Telefónica Tech will join B2B Spain, while Movistar+ moves under B2C and loses its separate board.
Bravo attacks Sánchez over Spain's lost rental homes
Juan Bravo says Spain has lost 300,000 rental homes. He blames regulation and slow construction, while the PP promises to start building one million homes.
Zunder CEO demands strict deadlines for Spain’s stalled ultra-fast chargers
Spain’s ultra-fast charging network faces a critical bottleneck as Daniel Pérez, CEO of Zunder, steps in to lead AORU. He calls for binding deadlines and sanctions on electricity distributors to unlock idle infrastructure and accelerate the electric vehicle transition.
Variable mortgages face another sharp rise in Spain
Spanish variable mortgages face fresh pressure after the Euribor reached 3.24% in September. Annual reviews could add more than €1,000 to some household costs.
Spain launches tax-free savings account to drive European investment
Spain’s government has unveiled a tax-advantaged savings account designed to channel household money into European shares and funds. The move introduces new incentives for long-term savers and seeks to reduce reliance on low-yield deposits.
Spanish car factories face tough road to military production
Spain’s automotive industry is eyeing defense as Europe ramps up military spending. But transforming car plants into arms suppliers is far from straightforward, with certification, scale, and security hurdles slowing the shift.
Madrid rolls out zero rate for self-employed and new aid for family businesses
Madrid is launching a new zero rate for self-employed retirees and extra help for freelancers on parental leave. The region is pushing to stay ahead as Spain’s economic leader.
Ibex seeks a rebound as oil and bond yields ease
The Ibex is looking for a late-quarter recovery as oil prices and bond yields pull back. Investors now await the Federal Reserve's preferred inflation gauge from the United States.
Tesla Model Y battery failures leave Spanish taxi drivers stranded
A wave of sudden battery failures in Tesla Model Y taxis has immobilized dozens of drivers across Spain. With repairs delayed and costs soaring, affected owners are now organizing to demand answers from the manufacturer.
Spanish miners secure the highest pensions in the country
A select group of Spanish pensioners now receive monthly payments exceeding 3000 euros, with the Minería del Carbón sector leading the way. September saw a record pension payout, highlighting stark differences across professions.
Spain weighs ending pension penalties after forty years of work
Spanish lawmakers are considering a move that could reshape retirement for thousands—scrapping pension reductions for those with forty years of contributions. The proposal forces a direct confrontation with the real costs and sustainability of the system.
Spanish miners collect highest monthly pensions as retirement age climbs
Spain now pays out over 10.5 million pensions each month. Miners get more than twice the national average, while new rules and later retirements reshape the system.
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