Business News & Financial News

Companies, Spanish economy 20th April 2026

Repsol to claim €125 million from Iberdrola, Endesa and Naturgy over power cut that affected its five refineries in Spain

Link Securities | Repsol (REP) will claim €125 million from the electricity companies Iberdrola (IBE), Endesa (ELE) and Naturgy (NTGY) over the power cut on 28 April 2025, which affected its five refineries in Spain, as the deadline for claiming damages expires this month, according to the newspaper Expansión. This was confirmed to the newspaper by sources familiar with these legal proceedings.

In Europe 16th April 2026

Eurozone industrial production exceeds expectation, up 0.4% in February

CdM | Industrial production in the Eurozone rose by 0.4% in February compared with January, more than expected, whilst it fell by 0.6% compared with the same month last year, less than expected, according to data from Eurostat, the statistical office of the European Union (EU). Across the EU, industrial production also grew by 0.4% compared with the previous month, whilst it fell by 0.1% compared with February 2025. Specifically,…

In the World 20th April 2026

IEA executive director says two years needed to recover lost Middle East energy production

Link Securities | According to a report by Reuters, Fatih Birol, executive director of the International Energy Agency (IEA), stated that it will take around two years to recover the energy production lost in the Middle East due to the conflict between the United States and Iran. He said this would vary from country to country. In Iraq, for example, it would take much longer than in Saudi Arabia. Furthermore,…

“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…

“Fifteen years ago, the European economy was larger than that of the U.S. Today, the U.S. economy is one and a half times that of Europe”

“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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