Balance sheet of the global manufacturing sector in 2025
2025 culminated as the second consecutive year with marginal growth in global manufacturing output. While the latest PMI data represents an improvement over 2022 and 2023, the recovery remains tentative and uneven across regions. Performance by region: Asia-Pacific leads Regional analysis reveals clearly differentiated dynamics. ASEAN factories recorded the highest output growth in 2025 on […]
Modification of the programmed training and employment aid framework
Royal Decree 1189/2025 introduces amendments to the regulations governing programmed training in companies and certain subsidies in the field of employment and on-the-job training. Dates The standard becomes effective January 1, 2026. Beneficiaries The measures included in this Royal Decree affect, among others, the following: Industrial companies that manage programmed training for their employees. HR […]
OECD simplifies global minimum tax
The OECD has agreed on a new package of measures to simplify the application of the 15% global minimum tax for large multinational groups. The agreement reduces administrative complexity and introduces greater clarity. What is the global minimum tax and to whom does it apply? The global minimum tax is part of the so-called Pillar […]
Global economic and trade outlook (January 2026)
The beginning of 2026 is taking place against a backdrop of moderate economic growth. On the one hand, global activity remains subdued, with no signs of a generalized recession. On the other hand, European industry remains exposed to weak external demand and high competitive pressure. Euro zone: moderate growth and loss of export quota The […]
How to declare CBAM on import from 2026 onwards
As of January 1, 2026, companies must correctly identify themselves as CBAM importers or justify the applicable exemption. The Tax Agency has issued an Information Note explaining how the Carbon Border Adjustment Mechanism (CBAM) on imports into the European Union will be applied in practice as of January 1, 2026. From that date, when a […]
Grants for projects to boost the industrial value chain CVI 2025
Program to boost the industrial value chain to strengthen competitiveness and innovative, sustainable and digital transition. Aid for sustainability and digitalization projects aimed at industry. It unifies the traditional IDI and ACTIVA lines of aid. Dates The deadline for submission of applications will be open from January 29, 2026 at 10:00 a.m. until February 11, […]
Aid to strengthen the industrial value chain for clean technologies
Aid aimed at strengthening the industrial value chain of clean technologies and their key components to boost the manufacture of equipment linked to the energy transition. Dates The application period begins on January 22, 2026 at 9:00 a.m. and ends on February 25, 2026 at 12:00 noon. Beneficiaries Beneficiaries may be companies that develop industrial […]
Europe will lose export share in the coming years
The European Central Bank warns that the euro zone will continue to lose export market share in the coming years, in an environment of structural weaknesses and international competitive pressure, especially from Asia. The December 2025 macroeconomic projections of the European Central Bank (ECB) are moderate: GDP growth will be 1.4% in 2025 and 1.2% […]
Regulation against deforestation in the EU postponed
The application of the rules against global deforestation (Regulation (EU) 2023/1115) is postponed for twelve months to simplify administrative burdens and facilitate the traceability of agricultural, forestry and industrial products linked to deforestation. Fundamental obligations Deferral until December 30, 2026 for large and medium-sized companies: Prohibition to introduce, commercialize or export products that are not […]
Geopolitics redefines the FDI map in 2026
The global foreign direct investment (FDI) landscape is facing an unprecedented transformation. Geopolitics is displacing cost as the determining factor, while strategic sectors such as defense and semiconductors are leading the flow of capital. The “2026 FDI Outlook” report by fDi Intelligence (Financial Times) gathers the perspectives of 101 FDI experts from around the world. […]