AGP Executive Report
Last update: 3 hours agoBanking Leadership in Spain: Revolut has named Santiago Pérez Olano, formerly Remitly’s EMEA director, as the new head of Revolut Bank UAB’s Spain operations, aiming to steer strategy and day-to-day banking growth. Markets Watch: The Ibex 35 opened almost flat near 19,988 points, with investors focused on Middle East tensions and oil prices after the US-Iran 60-day deadline expired. Luxury Property Boom: Foreign buyers now drive about 60% of Spain’s ultra-luxury demand, with prices up roughly 30% over five years, led by hotspots like the Balearics, Malaga, Madrid and Barcelona. Housing Demand by Ukrainians: Ukrainians remain active buyers in Spain, with an estimate of around 1,500 residential purchases in the first half of 2026. Climate Finance Pressure: New reporting warns Europe’s extreme weather is becoming a recurring fiscal burden for governments as uninsured losses rise. Energy Policy: Spain has extended the operation of its Almaraz nuclear plant to 2030, reflecting shifting energy-risk calculations. Migration and Ceuta: Coverage continues on the Ceuta crisis, including protests and the broader strain on Spain-EU border policy.
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