Tag #Spanish Economy

Showing 169 to 180 of 204 results

elpais.com

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Jan 22, 01:08

Sabadell's Return to Catalonia: Political Stakes High Amidst BBVA Takeover

Banco Sabadell, headquartered in Alicante since 2017, is considering returning to Catalonia, a move with significant political implications amid BBVA's takeover attempt and Spain's ongoing recovery from the 2017 independence crisis.

Sabadell's Return to Catalonia: Political Stakes High Amidst BBVA Takeover

Banco Sabadell, headquartered in Alicante since 2017, is considering returning to Catalonia, a move with significant political implications amid BBVA's takeover attempt and Spain's ongoing recovery from the 2017 independence crisis.

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Peace, Justice, and Strong Institutions

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How does Sabadell's relocation decision relate to the broader economic and political context of Spain and Catalonia in the past seven years?

The decision, occurring amidst BBVA's hostile takeover bid, adds a political dimension to the economic considerations. While the merger could reduce banking competition and potentially lead to job losses, Sabadell's return aligns with broader efforts by Catalan businesses to restore stability after the independence movement.

elpais.com

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Jan 18, 19:08

Marc Murtra Appointed Chairman of Telefónica

Marc Murtra, former Indra chairman, has been appointed chairman of Telefónica, Spain's largest telecommunications company, bringing his experience in navigating complex shareholder dynamics and driving strategic changes in publicly held companies. This appointment follows significant changes within ...

Marc Murtra Appointed Chairman of Telefónica

Marc Murtra, former Indra chairman, has been appointed chairman of Telefónica, Spain's largest telecommunications company, bringing his experience in navigating complex shareholder dynamics and driving strategic changes in publicly held companies. This appointment follows significant changes within ...

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Decent Work and Economic Growth

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How does Murtra's experience at Indra, particularly during its recent strategic shift, inform his potential approach to leading Telefónica?

Murtra's appointment signifies a shift in Telefónica's leadership, reflecting the company's evolving shareholder landscape. His prior role at Indra, where he oversaw significant restructuring and strategic shifts amid geopolitical tensions, showcases his experience in managing complex situations within publicly held companies. His ties to SEPI, a major shareholder in both Indra and Telefónica, suggest a continuation of the government's influence.

elpais.com

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Jan 15, 10:10

Delayed Spanish Budget Impacts Regional Funding

Spain's 15 autonomous communities will receive €135.483 billion in 2025, a 0.7% increase from 2024 due to a budget delay; the government aims for €147.5 billion but faces political hurdles.

Delayed Spanish Budget Impacts Regional Funding

Spain's 15 autonomous communities will receive €135.483 billion in 2025, a 0.7% increase from 2024 due to a budget delay; the government aims for €147.5 billion but faces political hurdles.

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Reduced Inequality

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What is the immediate impact of the delayed Spanish national budget on the funding of Spain's autonomous communities?

Spain's 15 autonomous communities will receive virtually the same funding in 2025 as in 2024, totaling approximately €135.483 billion. This is due to the government's failure to pass a budget, resulting in a rollover of 2023's figures. A slight increase of 0.7% reflects minor technical adjustments.

cincodias.elpais.com

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Jan 10, 10:08

Spain's Treasury Prioritizes Sustainable Finance Over Retail-Focused Debt

Spain's recent interest rate cuts have led to increased retail investor interest in short-term government debt, prompting the Treasury to focus on diversifying its investor base with medium- to long-term debt and sustainable finance initiatives, while ruling out issuing debt specifically targeting r...

Spain's Treasury Prioritizes Sustainable Finance Over Retail-Focused Debt

Spain's recent interest rate cuts have led to increased retail investor interest in short-term government debt, prompting the Treasury to focus on diversifying its investor base with medium- to long-term debt and sustainable finance initiatives, while ruling out issuing debt specifically targeting r...

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Decent Work and Economic Growth

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What is the immediate impact of Spain's recent interest rate cuts on individual investor behavior regarding government debt?

Following Spain's interest rate cuts, individual investors are primarily reinvesting in short-term debt instruments (letras). There's currently limited interest in medium-term debt, despite regulators' efforts to encourage investment in capital markets to address growth challenges.

elmundo.es

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Jan 9, 22:10

S\&P: Manageable Impact Expected from Potential BBVA-Sabadell Merger

S\&P Global Ratings deems the potential BBVA-Sabadell merger manageable for BBVA's capital and non-harmful to competition, while viewing Sabadell as independently viable; they predict further domestic consolidation in Spain's banking sector, with 2024 as the peak for profitability and increasing ris...

S\&P: Manageable Impact Expected from Potential BBVA-Sabadell Merger

S\&P Global Ratings deems the potential BBVA-Sabadell merger manageable for BBVA's capital and non-harmful to competition, while viewing Sabadell as independently viable; they predict further domestic consolidation in Spain's banking sector, with 2024 as the peak for profitability and increasing ris...

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What are the long-term implications for the Spanish banking sector and what key risks does S\&P highlight?

S\&P anticipates further consolidation among mid-sized European banks, including in Spain, driven by the lack of a European banking union. They expect 2024 to be the peak year for Spanish bank profitability, but it will remain solid, with Spanish banks widening their profitability gap over European peers, even considering the bank tax. Cyberattacks are identified as an increasing risk.

cincodias.elpais.com

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Jan 8, 10:08

Record Spanish Hotel Investment in 2024 Reaches €3.35 Billion

Driven by strong tourism recovery and record-high room rates (€163 per night), 2024 Spanish hotel investment totaled €3.35 billion across 180 deals—the fourth highest ever—with individual asset purchases reaching a record €2.5 billion, exceeding even the €2.305 billion in 2017.

Record Spanish Hotel Investment in 2024 Reaches €3.35 Billion

Driven by strong tourism recovery and record-high room rates (€163 per night), 2024 Spanish hotel investment totaled €3.35 billion across 180 deals—the fourth highest ever—with individual asset purchases reaching a record €2.5 billion, exceeding even the €2.305 billion in 2017.

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What were the key factors driving the record-high €3.35 billion in Spanish hotel investments during 2024?

In 2024, Spanish hotel investment reached €3.35 billion across 180 deals, the fourth-highest yearly total ever, driven by a 42% average price increase over four years, reaching €163 per room-night. Individual asset purchases reached a record €2.5 billion.

elmundo.es

🌐 75% Global Worthiness

Jan 22, 04:12

Record Grocery Spending in Spain Reaches "122 Billion Euros" in 2024

Spanish consumers spent a record "122 billion euros" on groceries in 2024, a 4.6% increase driven by higher input prices (up 2.5%), increased demand (up 2%), and a booming online grocery sector (up 18%).

Record Grocery Spending in Spain Reaches "122 Billion Euros" in 2024

Spanish consumers spent a record "122 billion euros" on groceries in 2024, a 4.6% increase driven by higher input prices (up 2.5%), increased demand (up 2%), and a booming online grocery sector (up 18%).

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Zero Hunger

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What were the key factors contributing to the record "122 billion euro" spending on groceries in Spain during 2024?

In 2024, Spanish consumers spent a record "122 billion euros" on groceries, a 4.6% increase from the previous year. This surge was driven by a 2.5% rise in input prices, partly due to reduced government subsidies and a 2% increase in demand fueled by higher purchasing power and moderated food prices. Online grocery shopping also saw significant growth, increasing by 18%.

elmundo.es

🌐 75% Global Worthiness

Jan 15, 01:07

Gullón's €690 Million Revenue Surge Driven by Exports

Gullón, a European biscuit maker, achieved €690 million in revenue in 2024, a 9.5% increase, primarily due to exports reaching €300 million (44% of sales), exceeding pre-pandemic profitability. The company aims to surpass domestic sales with exports by 2030.

Gullón's €690 Million Revenue Surge Driven by Exports

Gullón, a European biscuit maker, achieved €690 million in revenue in 2024, a 9.5% increase, primarily due to exports reaching €300 million (44% of sales), exceeding pre-pandemic profitability. The company aims to surpass domestic sales with exports by 2030.

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How has Gullón's commitment to exports impacted its overall financial performance and market position?

Gullón's export success, representing €300 million in sales, is a key driver of its growth. This expansion into over 125 countries, supported by subsidiaries in several key markets, demonstrates a strategic commitment to international markets and has exceeded initial projections.

elpais.com

🌐 85% Global Worthiness

Jan 10, 10:08

Spain's Debt Sheds 'Peripheral' Label Amidst European Volatility

Spain's risk premium has fallen from 99 to 65 basis points due to strong economic performance and fiscal responsibility, defying market turbulence in other European countries.

Spain's Debt Sheds 'Peripheral' Label Amidst European Volatility

Spain's risk premium has fallen from 99 to 65 basis points due to strong economic performance and fiscal responsibility, defying market turbulence in other European countries.

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What factors have contributed to the significant decrease in Spain's risk premium, and what are the immediate implications for the Spanish economy?

In her first interview, Paula Conthe, Spain's Secretary General of the Treasury and International Financing, reported that Spain's debt has shed its 'peripheral' label. The country's risk premium against Germany has fallen from 99 to around 65 basis points, while other European nations faced market turbulence. This success is attributed to Spain's strong economic data and commitment to fiscal stability.

elmundo.es

🌐 75% Global Worthiness

Jan 9, 19:11

Spain's Economic Growth Fails to Meet Deficit Reduction Targets

Spain's robust economy is expected to continue leading European growth in 2024; however, S&P Global Ratings forecasts a 2.9% deficit, exceeding the government's 2.5% target for 2025, due to increased public spending and without additional measures.

Spain's Economic Growth Fails to Meet Deficit Reduction Targets

Spain's robust economy is expected to continue leading European growth in 2024; however, S&P Global Ratings forecasts a 2.9% deficit, exceeding the government's 2.5% target for 2025, due to increased public spending and without additional measures.

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Reduced Inequality

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What are the key reasons why Spain's projected deficit reduction falls short of its targets despite strong economic growth?

Spain's economy is poised for another year of leading European growth, yet this won't guarantee meeting the government's deficit reduction targets agreed upon with Brussels. S&P Global Ratings analysis reveals that despite strong economic performance and EU aid, Spain's deficit reduction has been slower than achievable, and the 2025 target won't be met without additional measures.

cincodias.elpais.com

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Jan 8, 10:08

Spain's Strong Growth Fuels 2025 Debt Reduction Plan

The Spanish Ministry of Economy announced that Spain's 2024 economic growth (3-3.4%) exceeded expectations, contributing 40% to the Eurozone's growth, enabling a 2025 financing plan focused on debt reduction (to 101.4% of GDP) and a primary surplus.

Spain's Strong Growth Fuels 2025 Debt Reduction Plan

The Spanish Ministry of Economy announced that Spain's 2024 economic growth (3-3.4%) exceeded expectations, contributing 40% to the Eurozone's growth, enabling a 2025 financing plan focused on debt reduction (to 101.4% of GDP) and a primary surplus.

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What is the immediate economic impact of Spain's exceeding growth expectations in 2024?

Spain's economy exceeded expectations in 2024, growing between 3% and 3.4% and contributing 40% of the Eurozone's growth. This strong growth, along with sustainable public debt, underpins the 2025 financing program, which includes achieving a primary surplus for the first time since 2007.

cincodias.elpais.com

🌐 75% Global Worthiness

Jan 8, 10:08

Spanish Banks to Sell €10-13 Billion in Toxic Assets

Spanish banks are expected to sell €10-13 billion in toxic assets linked to real estate in the coming years, following €263 billion in sales since 2008. This is largely due to the upcoming liquidation of Sareb ('bad bank') in 2027 and increased focus on unsecured and re-performing loans. The evolvin...

Spanish Banks to Sell €10-13 Billion in Toxic Assets

Spanish banks are expected to sell €10-13 billion in toxic assets linked to real estate in the coming years, following €263 billion in sales since 2008. This is largely due to the upcoming liquidation of Sareb ('bad bank') in 2027 and increased focus on unsecured and re-performing loans. The evolvin...

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How has the evolution of the market for non-performing loans and real estate assets influenced bank strategies and the role of servicers?

The continued sale of toxic assets reflects the ongoing impact of the 2008 real estate bubble and the need for banks to meet stricter capital requirements. Sales are expected to be driven by the liquidation of Sareb, while the market for unsecured loans and 'reperforming loans' is also growing. This trend is impacting servicers, companies managing these assets, prompting diversification into areas like residential development.

Showing 169 to 180 of 204 results