Inbound M&A transactions decreased by 23%, totaling 481, with notable deals in the TMT, Industrial & Manufacturing, and Financial and Real Estate Services sectors. On the outbound front, there was a 6% reduction in volume, with 233 transactions, prominently featuring Industrial & Manufacturing, TMT, and Energy & Utilities sectors. Spain, as the fifth-largest Eurozone economy, offers strategic opportunities with enhanced Foreign Direct Investment regulations, presenting an open investment climate for businesses targeting Europe and Northern Africa. However, the economic challenges, including moderate inflation, high public debt, fiscal deficit, and unemployment, coupled with global economic uncertainties, impact the investment climate and the utilization of EU funds.