Defense opens up new industrial opportunities
The defense sector is consolidating as a relevant industrial opportunity for companies with technological capabilities, in a context of strong public investment and transformation of the European ecosystem. We have prepared an executive note and here are some of its key points. A new defense investment cycle The defense sector is going through a turning […]
The French plan to electrify homes and industry
The French Prime Minister has presented the new stage of his energy strategy aimed at replacing the consumption of imported oil and gas with electricity produced on French soil by nuclear and renewable energy. Public support for this transition will double from €5.5 billion today to €10 billion per year by 2030. The main objectives […]
Turkey enters a phase of production adjustment
The March 2026 manufacturing PMI confirms the Turkish industry’s turn towards a contractionary phase. The indicator came in at 47.9 points, making it several months below the 50-point threshold. The drop reflects a more intense decline in new orders, in a context of weakening demand and growing geopolitical uncertainty. March PMI triggers industrial contraction signal […]
Global economic and trade outlook (April 2026)
The armed conflict in the Middle East dominates this month’s global economic outlook and concentrates the most immediate risks for companies: rising commodity prices, disruption of supply chains, and growing tariff uncertainty in the U.S. market. Global macroeconomic environment _Energy impact: the Strait of Hormuz as a detonator The de facto closure of the Strait […]
U.S. revises tariffs on steel, aluminum and copper
A new presidential proclamation adjusts Section 232 tariffs on steel, aluminum and copper imports. Beginning April 6, the tariffs will now apply to the full customs value of the product, not just the metal content. This broadens the tax base. The change is “kinder” because it excludes products with negligible metal, but for those products […]
Grants for patent applications 2026
Grants from the Spanish Patent and Trademark Office (SPTO) to promote the protection of inventions through patents and utility models, both in Spain and abroad. Dates The application period begins on March 25, 2026 and ends on May 8, 2026. Beneficiaries They can be beneficiaries of these grants: Individuals with residence and tax domicile in […]
Boom and caution in global construction
The global construction industry is going through a phase of structural decoupling: the coexistence of historically unprecedented demand with rapidly shrinking risk absorption capacity. We share below highlights from the 15th edition of KPMG’s Global Construction Survey 2025/2026, entitled “The Paradox of Progress”. This survey is the most extensive to date and gathers insights from […]
End of customs duty-free allowance of 150€ for shipments from third countries
Goods shipped from non-EU countries with an intrinsic value of €150 or less per shipment were exempt from customs duties in the EU. This exemption will disappear as of July 1, 2026, when Regulation (EU) 2026/382 will become fully applicable. As of that date, all shipments from third countries will be subject to customs duties […]
EU Inc: A single corporate passport across Europe
The EU Inc. (or “28th regime”) was created to provide European companies with the legal infrastructure necessary to operate under a single standard. This framework seeks to eliminate the friction of national systems, which has historically forced companies to seek more favorable jurisdictions outside the Single Market. Strategic Context and Objectives of the 28th Regime […]
ECB outlines strategy for Iran energy shock
In her speech this morning, Christine Lagarde outlined how she will address the economic shock caused by the uncertainty of the war in Iran. The ECB rules out a predefined rate path and adopts a “meeting-by-meeting” approach: more uncertainty in the short term, but more flexibility if the situation improves. Main ideas to be retained […]