exports gorgeous

Spain’s trade deficit stands at €4.01 billion in January, representing decrease of 35.2%

Link Securities | According to the Ministry of Industry, Trade and Tourism, Spain’s trade deficit stood at €4.01 billion in January, representing a year-on-year decrease of 35.2%. This improvement was mainly due to the sharp fall in the energy deficit, which fell by nearly 50% thanks to a significant reduction in energy imports. In January, Spanish exports of goods reached €28.927 billion, representing a 2.9% decrease compared with the same…

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Crédito y CauciónCrédito y Caución
cars to export

Car sales in Europe up 1.4% in February, easing year-to-date decline

Bankinter | Car sales in Europe rose by 1.4% year-on-year in February. This moderates the year-to-date decline to 1.2%, with units sold exceeding 1.6 million. Plug-in hybrids led the growth (32.1%) for the month, followed by pure electric vehicles (20.6%) and non-plug-in hybrids (10.1%), whilst combustion engines declined (17.9% for petrol and 12.8% for diesel). Bankinter analysis team’s view: A slight recovery in February (1.4%) following the sharp decline (3.9%)…

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Banner CIR, junio 2022

ormuz

Tensions in oil market set to persist for months, even if Washington’s diplomatic efforts bear fruit

Intermoney | For the US administration, retail energy prices will be a cause for concern. The national average price of diesel has already exceeded $5 per gallon, the highest level since 2022. If Washington’s diplomatic initiative bears fruit (it has presented a fifteen-point peace plan to Tehran via mediators), crude oil futures could experience a sharp fall, although such a decline may not be permanent given the underlying supply strain…

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interviews

antonio bonet

“We need to approach negotiations with the U.S. on terms that are completely different from those currently being proposed”

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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ElenaJimenezdeAndrade

“It is a shame that we are able to mobilize economic resources for large-scale projects abroad, but not in our Spanish market”

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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