Ángela de Miguel, president of CEPYME (the Spanish Confederation of Small and Medium-Sized Enterprises), has brought a striking figure to the table: nearly one-third of Spanish SMEs are in the red. This was already the case in 2024, and since then, the situation—driven by tax pressure, rising wages, and inflation—has only worsened. The data used by CEPYME to support this claim comes from the Bank of Spain’s Central Balance Sheet…
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Singular Bank | In April, the GfK consumer confidence index in Germany fell significantly to -28.0 points (against -24.8 points in March), exceeding the decline projected by the consensus of analysts (-27.3). This development is explained by rising uncertainty and inflation expectations in the face of surging energy and other commodity prices linked to the conflict in the Middle East. The most notable change was the sharp rise in price…
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Bankinter | The International Energy Agency (IEA) has published its monthly report. Weakness in both supply and demand. It believes that the crude oil market is experiencing the biggest supply shock in its history due to the war in Iran. This has a direct impact on prices, demand, inventories and inflation. Specifically, it estimates that crude oil demand in 2026 will fall by 80,000 barrels per day on an annual…
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Says Antonio Bonet, president of the Club of Spanish Exporters and Investors. He points out that “Europe has a single tariff applied by all member states, but the U.S. applies a tariff to each country, meaning it can decide that the tariff applied to Spanish black olives is higher than that for Italian olives, as it did at one point. So there is a part of the negotiation between Europe…
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In an interview with Consejeros magazine, Sacyr’s coordinating advisor, Elena Jiménez de Andrade, explains that now “We have great capacity to win projects, a capacity that until now contrasted with a series of financial limitations and balance sheet size. However, in this strategic cycle, we are going to eliminate those barriers. That is why we have set an ambitious goal for 2033: to triple the value of our assets. We…
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