According to data published by the Ministry of Economy, Trade and Business, Spain’s trade deficit reached €51,481 million between January and November 2025 (11M2025), representing a spike of over 40% compared to the same period in 2024. The coverage rate (the percentage ratio of exports to imports) stood at 87.4% through November, down from the 90.8% recorded during the same period in 2024. In 11M2025, Spanish goods exports increased by…
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Bankinter | Yesterday, the Eurogroup, made up of EU ministers of economy and finance, approved the appointment of Vujcic, current governor of the Croatian central bank, as the next Vice-President of the ECB. Vujcic, who has a distinctly hawkish tone, won enough support over other candidates such as Centeno (Portugal) and Rehn (Finland). De Guindos’ term expires next May, marking the start of a process of renewal of senior positions…
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Link Securities | The People’s Bank of China (PBoC) kept its benchmark interest rates at record lows for the eighth consecutive month early this morning, in line with market forecasts, after previous reductions in the central bank’s lending and rediscount rates took effect. Last Thursday, the PBoC announced cuts in sector-specific interest rates of 25 basis points, effective 19 January, to provide an initial boost to the economy in the…
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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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