{"id":113519,"date":"2026-08-18T05:59:50","date_gmt":"2026-08-18T03:59:50","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=113519"},"modified":"2026-08-18T05:59:50","modified_gmt":"2026-08-18T03:59:50","slug":"socialista-sanchez-meni-spanelsko-v-oblast-kam-investori-nemohou-vstoupit","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/08\/18\/socialista-sanchez-meni-spanelsko-v-oblast-kam-investori-nemohou-vstoupit\/","title":{"rendered":"Socialista S\u00e1nchez m\u011bn\u00ed \u0160pan\u011blsko v oblast, kam investo\u0159i nemohou vstoupit"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n<p class=\"wp-block-paragraph\"><strong><span dir=\"auto\">Velk\u00e9 mezin\u00e1rodn\u00ed fondy odkl\u00e1daj\u00ed pl\u00e1novan\u00e9 investice ve \u0160pan\u011blsku. Z\u00e1rove\u0148 je p\u0159\u00edliv zahrani\u010dn\u00edho kapit\u00e1lu hluboko pod \u00farovn\u00ed z roku 2018, zat\u00edmco Pedro S\u00e1nchez u\u017e l\u00e9ta zvy\u0161uje dan\u011b, zat\u011b\u017euje investory nov\u00fdmi intervencemi a nyn\u00ed se mu ani nepoda\u0159\u00ed prosadit \u0159\u00e1dn\u00fd st\u00e1tn\u00ed rozpo\u010det parlamentem. Socialistick\u00e9 \u0160pan\u011blsko st\u00e1le roste \u2013 ale pokud jde o kapit\u00e1l, kter\u00fd m\u00e1 vytv\u00e1\u0159et pracovn\u00ed m\u00edsta, produktivitu a budouc\u00ed prosperitu, varovn\u00e1 sv\u011btla ji\u017e blikaj\u00ed.<\/span><\/strong><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Burger King, ze v\u0161ech spole\u010dnost\u00ed, je v sou\u010dasnosti uk\u00e1zkov\u00fdm\u00a0<\/span><a href=\"https:\/\/cincodias.elpais.com\/companias\/2026-07-06\/la-duena-de-burger-king-en-espana-vuelve-a-beneficios-tras-facturar-1541-millones-en-2025.html\"><span dir=\"auto\">p\u0159\u00edkladem<\/span><\/a><span dir=\"auto\">\u00a0toho, jak rychle m\u016f\u017ee politick\u00fd chaos ustoupit ekonomick\u00e9 obez\u0159etnosti. Britsk\u00fd gigant soukrom\u00e9ho kapit\u00e1lu Cinven chce prodat spole\u010dnost Restaurant Brands Europe, provozovatele restaurac\u00ed Burger King, Popeyes a Tim Hortons ve \u0160pan\u011blsku a na dal\u0161\u00edch jihoevropsk\u00fdch trz\u00edch. Spole\u010dnosti se da\u0159\u00ed: v roce 2025 vzrostly tr\u017eby z vlastn\u00edch restaurac\u00ed na 1,54 miliardy eur, co\u017e vedlo k \u010dist\u00e9mu zisku 39,4 milionu eur, zat\u00edmco do expanze bylo investov\u00e1no p\u0159ibli\u017en\u011b 200 milion\u016f eur. Z\u00e1jem projevil suver\u00e9nn\u00ed investi\u010dn\u00ed fond Mubadala z Ab\u00fa Zab\u00ed a Cinven p\u016fvodn\u011b po\u017eadoval 2,5 miliardy eur. Cena nyn\u00ed \u00fadajn\u011b klesla na 2,1 miliardy eur, zat\u00edmco americk\u00e1 mate\u0159sk\u00e1 spole\u010dnost Restaurant Brands International obchod do\u010dasn\u011b pozastavila. Rostouc\u00ed korporace, miliardy kapit\u00e1lu na stran\u011b kupuj\u00edc\u00edho a ochota prodat na stran\u011b druh\u00e9 \u2013 transakce v\u0161ak z\u016fst\u00e1v\u00e1 pozastavena. Ve stabiln\u00ed ekonomice by se jednalo o norm\u00e1ln\u00ed jedn\u00e1n\u00ed. V dne\u0161n\u00edm \u0160pan\u011blsku to v\u0161ak zapad\u00e1 do \u0161ir\u0161\u00edho sch\u00e9matu.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/theobjective.com\/economia\/2026-08-16\/fondos-congelan-inversiones-incertidumbre-politica\/\"><span dir=\"auto\">List The Objective<\/span><\/a><span dir=\"auto\">\u00a0s odvol\u00e1n\u00edm na zdroje z oboru uv\u00e1d\u00ed, \u017ee velk\u00e9 mezin\u00e1rodn\u00ed investi\u010dn\u00ed fondy v sou\u010dasn\u00e9 dob\u011b pozastavuj\u00ed sv\u00e9 nejd\u016fle\u017eit\u011bj\u0161\u00ed projekty ve \u0160pan\u011blsku. Soukrom\u00e9 investi\u010dn\u00ed spole\u010dnosti, investo\u0159i do infrastruktury a dal\u0161\u00ed velc\u00ed investo\u0159i \u010dekaj\u00ed, jak se v\u011bci vyvinou. D\u016fvodem nen\u00ed jedin\u00fd z\u00e1kon nebo titulek, ale sp\u00ed\u0161e slo\u017eit\u00e1 politick\u00e1 krajina: S\u00e1nchez vl\u00e1dne s m\u011bn\u00edc\u00ed se levicovou a separatistickou v\u011bt\u0161inou, \u0160pan\u011blsko funguje ji\u017e l\u00e9ta bez nov\u00e9ho rozpo\u010dtu, korup\u010dn\u00ed skand\u00e1ly ot\u0159\u00e1saj\u00ed vnit\u0159n\u00edm kruhem premi\u00e9ra a Madrid se z\u00e1rove\u0148 st\u0159et\u00e1v\u00e1 s Washingtonem a jeho evropsk\u00fdmi partnery. Kapit\u00e1l miluje v\u00fdnosy. A co v\u00edc, miluje p\u0159edv\u00eddatelnost. Kdo nev\u00ed, jak\u00e1 da\u0148ov\u00e1, regula\u010dn\u00ed nebo politick\u00e1 krize by ho mohla za dvan\u00e1ct m\u011bs\u00edc\u016f dostat do kl\u00edna p\u0159i investov\u00e1n\u00ed n\u011bkolika stovek milion\u016f eur, prost\u011b zelenou nenech\u00e1.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Dlouhodob\u00e1 \u010d\u00edsla to podporuj\u00ed. Na z\u00e1klad\u011b ofici\u00e1ln\u00edch \u0161pan\u011blsk\u00fdch \u00fadaj\u016f vypo\u010d\u00edt\u00e1v\u00e1\u00a0<\/span><a href=\"https:\/\/theobjective.com\/economia\/2026-07-28\/inversion-extranjera-espana-mitad-sanchez-presidente\/\"><span dir=\"auto\">The Objective<\/span><\/a><span dir=\"auto\">\u00a0zahrani\u010dn\u00ed investice za rok 2025 ve v\u00fd\u0161i 32,01 miliardy eur. V roce 2018 to bylo 58,43 miliardy eur. To je o 26,4 miliardy eur m\u00e9n\u011b, tedy pokles p\u0159ibli\u017en\u011b o 45 procent. Rok 2018 byl mimo\u0159\u00e1dn\u011b siln\u00fdm rokem s velk\u00fdmi firemn\u00edmi akvizicemi \u2013 v\u010detn\u011b akvizic v hodnot\u011b p\u0159ibli\u017en\u011b 27,6 miliardy eur. Ale i nejnov\u011bj\u0161\u00ed v\u00fdvoj je pro S\u00e1ncheze nep\u0159\u00edzniv\u00fd: \u0160pan\u011blsk\u00e9 ministerstvo hospod\u00e1\u0159stv\u00ed\u00a0<\/span><a href=\"https:\/\/comercio.gob.es\/es-es\/inversiones_exteriores\/publicaciones\/Histrico%20de%20Publicaciones\/Flujos%20de%20Inversion%20Directa\/2025\/IED-Flujos-Directas-2025.pdf\"><span dir=\"auto\">hl\u00e1s\u00ed<\/span><\/a><span dir=\"auto\">\u00a0za rok 2025 pouze 30,76 miliardy eur v produktivn\u00edch p\u0159\u00edm\u00fdch investic\u00edch, co\u017e je o 21,8 procenta m\u00e9n\u011b ne\u017e v roce 2024. Nov\u00e9 kapit\u00e1lov\u00e9 injekce klesly o 33,2 procenta a dal\u0161\u00ed investice do expanze o 44,6 procenta. Investice do pr\u016fmyslu se propadly o 39,9 procenta a do dod\u00e1vek elekt\u0159iny a plynu o ohromuj\u00edc\u00edch 64,8 procenta.<\/span><\/p>\n<h3 id=\"h-sanchez-verspielt-spaniens-wirtschaftliche-zukunft\" class=\"wp-block-heading\"><span dir=\"auto\">S\u00e1nchez ohro\u017euje ekonomickou budoucnost \u0160pan\u011blska<\/span><\/h3>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Obzvl\u00e1\u0161t\u011b v\u00fdmluvn\u00e9 je mno\u017estv\u00ed kapit\u00e1lu, kter\u00e9 do \u0160pan\u011blska st\u00e1le proud\u00ed.\u00a0<\/span><a href=\"https:\/\/www.reuters.com\/world\/trump-says-he-ordered-cutting-off-all-trade-with-spain-2026-07-08\/\"><span dir=\"auto\">Spole\u010dnost BlackRock<\/span><\/a><span dir=\"auto\">\u00a0tam i nad\u00e1le dr\u017e\u00ed stovky miliard eur v akci\u00edch, dluhopisech a dal\u0161\u00edch aktivech, zat\u00edmco norsk\u00fd st\u00e1tn\u00ed investi\u010dn\u00ed fond\u00a0<\/span><a href=\"https:\/\/cincodias.elpais.com\/mercados-financieros\/2026-08-13\/el-fondo-soberano-de-noruega-acumula-16000-millones-en-la-bolsa-espanola-tras-reforzarse-en-el-santander-naturgy-y-bankinter.html\"><span dir=\"auto\">zv\u00fd\u0161il<\/span><\/a><span dir=\"auto\">\u00a0sv\u00e9 \u0161pan\u011blsk\u00e9 pod\u00edly ve vlastnictv\u00ed akci\u00ed a tak\u00e9 nakoupil nemovitosti. To neodporuje trendu dlouhodob\u00fdch firemn\u00edch investic, sp\u00ed\u0161e ho to vysv\u011btluje. Akcie k\u00f3tovan\u00e9 na burze lze z\u00edtra znovu prodat. Dluhopis splat\u00ed. Naproti tomu kdokoli, kdo postav\u00ed tov\u00e1rnu, roz\u0161\u00ed\u0159\u00ed v\u00fdrobn\u00ed linku, p\u0159\u00edmo z\u00edsk\u00e1 spole\u010dnost nebo investuje miliardy do elektr\u00e1rny, je k dan\u00e9mu m\u00edstu v\u00e1z\u00e1n na roky nebo dokonce desetilet\u00ed. Je v\u00e1z\u00e1n na jeho dan\u011b, pracovn\u00ed z\u00e1kony, povolen\u00ed, ceny energi\u00ed a vl\u00e1du. Pr\u00e1v\u011b tam se politick\u00e9 eskap\u00e1dy st\u00e1vaj\u00ed n\u00e1kladn\u00fdmi. A pr\u00e1v\u011b tam nyn\u00ed ofici\u00e1ln\u00ed investi\u010dn\u00ed \u010d\u00edsla viditeln\u011b klesaj\u00ed.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Co Madrid investor\u016fm nab\u00edz\u00ed na opl\u00e1tku? \u0160pan\u011blsko bude\u00a0<\/span><a href=\"https:\/\/www.reuters.com\/world\/spanish-parliament-rejects-governments-2027-spending-plan-2026-07-23\/\"><span dir=\"auto\">i<\/span><\/a><span dir=\"auto\">\u00a0v roce 2026 \u017e\u00edt se st\u00e1tn\u00edm rozpo\u010dtem z roku 2023, proto\u017ee S\u00e1nchez nedok\u00e1\u017ee zajistit stabiln\u00ed v\u011bt\u0161inu pro nov\u00fd. V \u010dervenci selhal i r\u00e1mec v\u00fddaj\u016f na rok 2027. Z\u00e1rove\u0148 se objevuj\u00ed\u00a0<\/span><a href=\"https:\/\/www.reuters.com\/world\/court-cases-plaguing-spains-ruling-socialist-party-2026-06-22\/\"><span dir=\"auto\">skand\u00e1ly<\/span><\/a><span dir=\"auto\">\u00a0kolem socialist\u016f. B\u00fdval\u00fd ministr dopravy a kdysi bl\u00edzk\u00fd S\u00e1nchez\u016fv d\u016fv\u011brn\u00edk Jos\u00e9 Luis \u00c1balos byl v \u010dervnu odsouzen k 24 let\u016fm v\u011bzen\u00ed za korup\u010dn\u00ed trestn\u00e9 \u010diny.\u00a0<\/span><a href=\"https:\/\/www.reuters.com\/world\/spanish-pms-wife-will-face-jury-trial-over-embezzlement-charges-court-rules-2026-07-16\/\"><span dir=\"auto\">Prob\u00edh\u00e1 \u0159\u00edzen\u00ed proti S\u00e1nchezov\u011b man\u017eelce Bego\u00f1e G\u00f3mezov\u00e9 a jeho bratr David S\u00e1nchez byl v \u010dervenci\u00a0<\/span><\/a><a href=\"https:\/\/www.reuters.com\/world\/spanish-pm-sanchezs-brother-convicted-public-hiring-case-2026-07-14\/\"><span dir=\"auto\">odsouzen<\/span><\/a><span dir=\"auto\">\u00a0za zneu\u017eit\u00ed pravomoci\u00a0a na roky mu byl zak\u00e1z\u00e1n v\u00fdkon ve\u0159ejn\u00e9 funkce. Navzdory tomu se \u0161pan\u011blsk\u00fd premi\u00e9r dr\u017e\u00ed u moci, podporov\u00e1n k\u0159ehkou koalic\u00ed socialist\u016f, levicov\u00fdch stran a regionalist\u016f. To m\u016f\u017ee sta\u010dit pro stranick\u00fd apar\u00e1t. Ale pro spr\u00e1vn\u00ed radu rozhoduj\u00edc\u00ed o tov\u00e1rn\u011b nebo p\u0159evzet\u00ed za n\u011bkolik miliard eur takhle stabilita nevypad\u00e1.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Pak je tu S\u00e1nchez\u016fv talent pro vyvol\u00e1v\u00e1n\u00ed h\u00e1dek p\u0159esn\u011b s t\u011bmi zem\u011bmi, ze kter\u00fdch \u0160pan\u011blsko z\u00edsk\u00e1v\u00e1 nejv\u00edce kapit\u00e1lu. V roce 2025 byly USA zdaleka\u00a0<\/span><a href=\"https:\/\/comercio.gob.es\/es-es\/inversiones_exteriores\/publicaciones\/Histrico%20de%20Publicaciones\/Flujos%20de%20Inversion%20Directa\/2025\/IED-Flujos-Directas-2025.pdf\"><span dir=\"auto\">nejd\u016fle\u017eit\u011bj\u0161\u00edm investorem a<\/span><\/a><span dir=\"auto\">\u00a0p\u0159isp\u011bly zhruba deseti miliardami eur, tedy 32,5 procenty, produktivn\u00edmi p\u0159\u00edm\u00fdmi zahrani\u010dn\u00edmi investicemi . Americk\u00fd objem se dokonce ve srovn\u00e1n\u00ed s rokem 2024 zv\u00fd\u0161il o v\u00edce ne\u017e polovinu. Navzdory tomu Madrid v l\u00e9t\u011b eskaloval sv\u016fj spor s Washingtonem. Na summitu NATO S\u00e1nchez odm\u00edtl souhlasit s nov\u00fdm p\u011btiprocentn\u00edm c\u00edlov\u00fdm rozpo\u010dtem, zaujal stanovisko v \u00edr\u00e1nsk\u00e9m konfliktu a odep\u0159el Spojen\u00fdm st\u00e1t\u016fm p\u0159\u00edstup ke \u0161pan\u011blsk\u00fdm z\u00e1kladn\u00e1m a vzdu\u0161n\u00e9mu prostoru. Donald Trump reagoval otev\u0159en\u00fdmi ekonomick\u00fdmi hrozbami v\u016f\u010di \u0160pan\u011blsku. O n\u011bkolik t\u00fddn\u016f pozd\u011bji, po masov\u00e9m p\u0159\u00edlivu do Ceuty, vypukl dal\u0161\u00ed mezin\u00e1rodn\u00ed spor, tentokr\u00e1t kv\u016fli S\u00e1nchezov\u011b migra\u010dn\u00ed politice. It\u00e1lie do\u010dasn\u011b zavedla hrani\u010dn\u00ed kontroly pro cestuj\u00edc\u00ed ze \u0160pan\u011blska a Madrid reagoval protiopat\u0159en\u00edmi. Ka\u017ed\u00fd, kdo se zbav\u00ed sv\u00e9ho nejd\u016fle\u017eit\u011bj\u0161\u00edho zdroje kapit\u00e1lu a z\u00e1rove\u0148 sv\u00e9ho evropsk\u00e9ho souseda, by nem\u011bl b\u00fdt p\u0159ekvapen, kdy\u017e investi\u010dn\u00ed v\u00fdbory najednou za\u010dnou kl\u00e1st dal\u0161\u00ed ot\u00e1zky.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Na dom\u00e1c\u00ed sc\u00e9n\u011b \u0161pan\u011blsk\u00e1 levice v posledn\u00edch letech ud\u011blala jen m\u00e1lo pro to, aby v zemi p\u0159iv\u00edtala kapit\u00e1l. S\u00e1nchez zavedl dodate\u010dnou \u201eda\u0148 solidarity\u201c na velk\u00e9 majetky, uvalil zvl\u00e1\u0161tn\u00ed dan\u011b na banky a dal\u0161\u00ed sektory a lp\u00ed na socialistick\u00e9m reflexu snahy \u0159e\u0161it ka\u017ed\u00fd vn\u00edman\u00fd probl\u00e9m nov\u00fdmi dan\u011bmi a intervencemi. V sektoru nemovitost\u00ed Madrid ohro\u017euje da\u0148ov\u00e9 v\u00fdhody ve\u0159ejn\u011b obchodovan\u00fdch SOCIMI \u2013 \u0161pan\u011blsk\u00fdch investi\u010dn\u00edch fond\u016f do nemovitost\u00ed, kter\u00e9 jsou modelov\u00e1ny podle mezin\u00e1rodn\u00edho syst\u00e9mu REIT \u2013 a ji\u017e m\u011bs\u00edce diskutuje o p\u0159\u00edsn\u011bj\u0161\u00edch pravidlech konkr\u00e9tn\u011b pro spole\u010dnosti s nemovitostmi k pron\u00e1jmu. OECD\u00a0<\/span><a href=\"https:\/\/www.oecd.org\/en\/publications\/foundations-for-growth-and-competitiveness-2026_40a7532f-en\/full-report\/spain_54299696.html\"><span dir=\"auto\">v<\/span><\/a><span dir=\"auto\">\u00a0dubnu 2026 vydala pozoruhodn\u011b jasnou diagn\u00f3zu: \u0161pan\u011blsk\u00fd da\u0148ov\u00fd syst\u00e9m potla\u010duje produktivitu, vysok\u00e9 da\u0148ov\u00e9 zat\u00ed\u017een\u00ed pr\u00e1ce br\u00e1n\u00ed zam\u011bstnanosti a da\u0148ov\u00e9 nev\u00fdhody pro akcie ve srovn\u00e1n\u00ed s dluhem oslabuj\u00ed investice a inovace.<\/span><\/p>\n<h3 id=\"h-chaos-und-unberechenbarkeit-dominieren\" class=\"wp-block-heading\"><span dir=\"auto\">Vl\u00e1dne chaos a nep\u0159edv\u00eddatelnost<\/span><\/h3>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">D\u016fsledky t\u00e9to protipodnikatelsk\u00e9 politiky jsou obzvl\u00e1\u0161t\u011b patrn\u00e9 na trhu s bydlen\u00edm, kde S\u00e1nchez r\u00e1d hraje roli velk\u00e9ho disciplin\u00e1rn\u00edho pracovn\u00edka. Po\u010det k\u00f3tovan\u00fdch SOCIMI (soci\u00e1ln\u011b-d\u016fchodov\u00fdch a st\u0159edn\u00edch podnik\u016f)\u00a0<\/span><a href=\"https:\/\/cincodias.elpais.com\/companias\/2026-08-12\/las-bolsas-completaran-un-ano-record-de-incorporaciones-de-socimis.html\"><span dir=\"auto\">nad\u00e1le roste<\/span><\/a><span dir=\"auto\">\u00a0a jejich kombinovan\u00e1 tr\u017en\u00ed kapitalizace nyn\u00ed dosahuje p\u0159ibli\u017en\u011b 34 miliard eur. Zna\u010dn\u00e1 \u010d\u00e1st tohoto kapit\u00e1lu se v\u0161ak ji\u017e d\u00e1vno nasm\u011brovala do kancel\u00e1\u0159\u00ed, logistick\u00fdch center, hotel\u016f, n\u00e1kupn\u00edch center a datov\u00fdch center. Znev\u00fdhodn\u011bn\u00ed n\u00e1jemn\u00edch byt\u016f z politick\u00e9ho hlediska automaticky nevytv\u00e1\u0159\u00ed dostupn\u011bj\u0161\u00ed bydlen\u00ed. Vede pouze k men\u0161\u00edm investic\u00edm do n\u00e1jemn\u00edch nemovitost\u00ed. Kapit\u00e1l nelze mor\u00e1ln\u011b p\u0159evychovat. Pouze se zm\u011bn\u00ed t\u0159\u00eddy aktiv. Levice pak m\u016f\u017ee schvalovat nov\u00e9 z\u00e1kony o regulaci n\u00e1jemn\u00e9ho, \u200b\u200bzav\u00e1d\u011bt nov\u00e1 zv\u00fd\u0161en\u00ed dan\u00ed a prohl\u00e1sit dal\u0161\u00edho \u201espekulanta\u201c za nep\u0159\u00edtele \u2013 ale to nevytvo\u0159\u00ed \u017e\u00e1dn\u00e9 dal\u0161\u00ed bydlen\u00ed.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">D\u016fsledky politick\u00fdch rozhodnut\u00ed jsou je\u0161t\u011b brut\u00e1ln\u011bj\u0161\u00ed, pokud jde o obnoviteln\u00e9 zdroje energie. \u0160pan\u011blsko ve jm\u00e9nu sv\u00e9 energetick\u00e9 transformace masivn\u011b roz\u0161\u00ed\u0159ilo sol\u00e1rn\u00ed a v\u011btrn\u00e9 elektr\u00e1rny a roky se na to t\u011b\u0161ilo chv\u00e1le. Nyn\u00ed je \u0159ada elektr\u00e1ren na prodej a nenach\u00e1z\u00ed\u00a0<\/span><a href=\"https:\/\/cincodias.elpais.com\/legal\/2026-05-20\/arranca-la-liga-2026-del-ma-verde-baker-mckenzie-y-uria-menendez-se-reparten-el-liderato.html\"><span dir=\"auto\">\u017e\u00e1dn\u00e9 kupce<\/span><\/a><span dir=\"auto\">\u00a0. Podle spole\u010dnosti TTR Data se objem f\u00faz\u00ed a akvizic ve \u0161pan\u011blsk\u00e9m sektoru obnoviteln\u00fdch zdroj\u016f energie v prvn\u00edm \u010dtvrtlet\u00ed roku 2026 propadl o 73,9 procenta ve srovn\u00e1n\u00ed s p\u0159edchoz\u00edm rokem, z 4,76 miliardy eur na 1,24 miliardy eur. V\u00fdrazn\u011b klesl i po\u010det obchod\u016f. D\u016fvody jsou \u010d\u00e1ste\u010dn\u011b samoz\u0159ejm\u00e9: p\u0159\u00edli\u0161 mnoho sol\u00e1rn\u00ed energie ve stejnou denn\u00ed dobu, nedostatek skladovac\u00ed kapacity, \u00fazk\u00e1 hrdla s\u00edt\u011b a klesaj\u00edc\u00ed p\u0159\u00edjmy v obdob\u00edch vysok\u00e9 produkce. Investo\u0159i nyn\u00ed\u00a0<\/span><a href=\"https:\/\/www.infobae.com\/espana\/2026\/08\/05\/espana-produce-tanta-energia-solar-que-hunde-sus-precios-ahora-los-inversores-intentan-vender-sus-plantas-con-grandes-descuentos\/\"><span dir=\"auto\">preferuj\u00ed<\/span><\/a><span dir=\"auto\">\u00a0projekty s bateriov\u00fdm \u00falo\u017ei\u0161t\u011bm, proto\u017ee \u010dist\u011b sol\u00e1rn\u00ed parky se ekonomicky st\u00e1le obt\u00ed\u017en\u011bji kalkuluj\u00ed. Nejprve jsou miliardy l\u00e1k\u00e1ny do v\u00fdroby energie z\u00e1visl\u00e9 na po\u010das\u00ed, pak se zjist\u00ed, \u017ee chyb\u00ed s\u00edt\u011b a \u00falo\u017ei\u0161t\u011b \u2013 a nakonec se politici div\u00ed, pro\u010d kupuj\u00edc\u00ed tla\u010d\u00ed na ni\u017e\u0161\u00ed ceny. Takhle vypad\u00e1 zeleno-socialistick\u00e1 energetick\u00e1 transformace ve skute\u010dnosti.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">S\u00e1nchez se nicm\u00e9n\u011b na prvn\u00ed pohled m\u016f\u017ee pochlubit slu\u0161n\u00fdmi \u010d\u00edsly r\u016fstu. Podle OECD \u0161pan\u011blsk\u00e1 ekonomika v roce 2025 vzrostla o 2,8 procenta a v roce 2026 by m\u011bla vzr\u016fst o 2,2 procenta. V\u00fdznamn\u00e1 \u010d\u00e1st t\u00e9to dynamiky v\u0161ak z\u00e1vis\u00ed na dom\u00e1c\u00ed popt\u00e1vce, ve\u0159ejn\u00e9 spot\u0159eb\u011b a masivn\u00edch programech EU, kter\u00e9 od za\u010d\u00e1tku pandemie pumpuj\u00ed miliardy do zem\u00ed ji\u017en\u00ed Evropy. Z\u00e1rove\u0148 z\u016fst\u00e1v\u00e1 vysok\u00e1 nezam\u011bstnanost a produktivita \u0160pan\u011blska ji\u017e l\u00e9ta zaost\u00e1v\u00e1 za p\u0159edn\u00edmi evropsk\u00fdmi ekonomikami. Pr\u00e1v\u011b zde se st\u00e1v\u00e1 nebezpe\u010dn\u00fdm pokles soukrom\u00fdch investic. Vl\u00e1da m\u016f\u017ee udr\u017eet vysokou popt\u00e1vku po dobu n\u011bkolika let pomoc\u00ed dluhu, transfer\u016f a fond\u016f EU. Dokonce t\u00edmto zp\u016fsobem m\u016f\u017ee generovat slu\u0161n\u00e9 tempo r\u016fstu. To samo o sob\u011b ale nevytvo\u0159\u00ed novou tov\u00e1rnu, produktivn\u011bj\u0161\u00ed strojn\u00ed park ani inovativn\u00ed spole\u010dnost.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Pro S\u00e1ncheze mus\u00ed b\u00fdt politick\u00e9 poku\u0161en\u00ed jednodu\u0161e pokra\u010dovat ve stejn\u00e9m kurzu velk\u00e9. Dokud Brusel plat\u00ed, turist\u00e9 p\u0159ich\u00e1zej\u00ed a st\u00e1tn\u00ed apar\u00e1t roste, lze mnoho utajit. Investo\u0159i ale nehlasuj\u00ed u volebn\u00edch uren ka\u017ed\u00e9 \u010dty\u0159i roky. Hlasuj\u00ed ka\u017ed\u00fd den miliardami. Odkl\u00e1daj\u00ed dohody, po\u017eaduj\u00ed ni\u017e\u0161\u00ed cenu, ru\u0161\u00ed roz\u0161\u00ed\u0159en\u00ed tov\u00e1rny, rad\u011bji nakupuj\u00ed v Polsku, Portugalsku nebo Spojen\u00fdch st\u00e1tech \u2013 a ani nepo\u0161lou Madridu protestn\u00ed dopis. \u00da\u010det p\u0159ich\u00e1z\u00ed pozd\u011bji: ni\u017e\u0161\u00ed produktivita, m\u00e9n\u011b dobr\u00fdch pracovn\u00edch m\u00edst, ni\u017e\u0161\u00ed mzdy a ni\u017e\u0161\u00ed da\u0148ov\u00e9 p\u0159\u00edjmy. Socialist\u00e9 mohou zdanit bohatstv\u00ed, regulovat firmy a politicky d\u00e9monizovat kapit\u00e1l. Jen ho nemohou donutit, aby z\u016fstal.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-1185\" src=\"http:\/\/www.infokuryr.cz\/n\/wp-content\/uploads\/2021\/04\/kuryr-podpis.png\" alt=\"\" width=\"84\" height=\"24\" \/><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Velk\u00e9 mezin\u00e1rodn\u00ed fondy odkl\u00e1daj\u00ed pl\u00e1novan\u00e9 investice ve \u0160pan\u011blsku. Z\u00e1rove\u0148 je p\u0159\u00edliv zahrani\u010dn\u00edho kapit\u00e1lu hluboko pod&#8230;<\/p>\n","protected":false},"author":2,"featured_media":113520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[1046,286,90,11236,440],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/113519"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=113519"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/113519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/113520"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=113519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=113519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=113519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}