Tag #Spanish Economy

Showing 37 to 48 of 204 results

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Record .133 Billion Euros Collected in Spain's 2024 Net Worth Tax

Spain's tax agency, Hacienda, collected a record .133 billion euros from the net worth tax in 2024, exceeding the 2023 revenue by 11.6% and driven by a positive stock market and the reinstatement of the tax in Andalusia and Madrid.

Progress

40% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 75% Global Worthiness
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Amper Shares Plunge 12% After €77 Million Capital Increase for Defense Acquisitions

Amper, a Spanish group, saw its shares fall by almost 12% following a €77.16 million capital increase announcement to fund defense sector acquisitions; the offering involves issuing nearly 594 million new shares at €0.13 each, with a subscription period starting July 3rd.

Progress

44% Bias Score

Decent Work and Economic Growth
cincodias.elpais.com
🌐 65% Global Worthiness
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Creand Prioritizes Quality Investments Amidst Market Uncertainty

Creand Asset Management in Spain favors high-quality, low-debt companies like Amadeus and Inditex in the uncertain market, maintaining a below-neutral equity exposure due to profit expectation revisions in the US and Europe.

Progress

40% Bias Score

Decent Work and Economic Growth
cincodias.elpais.com
🌐 75% Global Worthiness
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Booming Spanish Real Estate Investment Highlights Housing Crisis

Spanish real estate investment reached €5.656 billion in the first half of 2024, a 32% increase, but only €1 billion went to residential properties, raising concerns about housing shortages and the need for government intervention.

Progress

48% Bias Score

Reduced Inequality
elpais.com
🌐 75% Global Worthiness
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Spain's Economy Slows Slightly but Remains Robust in Q1 2024

Spain's economy grew 0.6% in Q1 2024, slowing slightly from 0.7% in the previous quarter but exceeding France's 0.1% and Germany's 0.4%, driven by strong domestic demand, particularly household consumption (0.6%) and investment (1.6%), despite global trade tensions and tighter European fiscal rules.

Progress

32% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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EU Criticizes Spain's Intervention in BBVA-Sabadell Merger

The European Commission criticized Spain's decision to impose conditions on BBVA's takeover of Sabadell, warning that it may use its powers to ensure compliance with EU rules on the single market; Spain maintains its actions are consistent with EU law.

Progress

56% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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Madrid Concentrates 44.6% of Spain's Highest Earners

In 2023, only 14,738 people in Spain declared annual incomes exceeding €601,000; however, 44.6% of them reside in Madrid, which accounts for just 16.3% of all Spanish taxpayers. This concentration is attributed to Madrid's tax policies, creating a significant economic disparity across regions.

Progress

40% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 75% Global Worthiness
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Teleperformance Cuts 251 Jobs Amidst Union Disputes

Teleperformance's redundancy plan resulted in 251 job losses in Spain – 218 voluntary and 33 forced – due to the loss of Vodafone and Verisure campaigns, prompting union disputes and highlighting the sector's volatile nature.

Progress

20% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 75% Global Worthiness
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Spain's Public Deficit Rises Due to Valencia Flood Relief Spending

Spain's public administrations recorded a €5.523 billion deficit by April 2025, a 5.7% increase from 2024, mainly due to €2.835 billion in extraordinary spending to address the October 2024 Valencia floods; excluding this, the deficit would have been significantly lower.

Progress

44% Bias Score

No Poverty
cincodias.elpais.com
🌐 85% Global Worthiness
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Spanish Government Approves BBVA-Sabadell Merger with Unprecedented Conditions

The Spanish government approved BBVA's bid for Banco Sabadell, but imposed an unprecedented condition: maintaining separate legal entities for at least three years, sparking controversy over government intervention in business and raising potential legal challenges.

Progress

56% Bias Score

Decent Work and Economic Growth
cincodias.elpais.com
🌐 65% Global Worthiness
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Mahou San Miguel's Profits Rise Despite Sales Dip

In 2024, Mahou San Miguel, Spain's leading brewer, reported a 5.9% rise in net profit to €114.8 million, and a record EBITDA exceeding €300 million, despite a 1.4% drop in sales volume due to economic factors and weather conditions. The company is expanding into Europe and the US to overcome tariffs...

Progress

32% Bias Score

Responsible Consumption and Production
elpais.com
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Spain Imposes Strict Conditions on BBVA's Sabadell Takeover

The Spanish government imposed strict conditions on BBVA's takeover of Banco Sabadell, requiring three years of autonomous management for both banks to protect jobs (43,000 total), branches, and SME lending (€70 billion at risk) following concerns about potential job losses and credit reductions.

Progress

56% Bias Score

Decent Work and Economic Growth

Showing 37 to 48 of 204 results