Feb 25 • 11:19 UTC 🇪🇸 Spain El País

‘Great’ small entrepreneurs who reinvest, innovate, suffer, and compete

The article discusses the recognition of small and medium-sized enterprises (SMEs) in Spain for their resilience and significant contributions to the economy during the National SME Award 2025 event.

The National SME Award 2025, organized by Banco Santander and the Chamber of Commerce of Spain, recognizes the vital role small and medium-sized enterprises play in the nation's progress and wellbeing. These SMEs represent 99% of all companies in Spain, proving to be adaptable and resilient in a challenging economic environment shaped by geopolitical tensions and technological advancements that further widen the digital divide.

During the event, Banco Santander's president in Spain, Luis Isasi, highlighted the tenacity and impactful contributions of these smaller companies despite their size. The acknowledgment is more than just an award; it reflects a broader understanding of how SMEs are pivotal in driving economic and social change in Spain. Isasi's remarks underscore the necessity for supportive frameworks to help these businesses thrive.

The challenges faced by SMEs today, including market uncertainty and competitive pressures, call for innovation and reinvestment. The award serves as recognition and motivation for these businesses to continue their journey, reinforcing the idea that even smaller players in the economy can make significant impacts through innovation, reinvestment, and competitive spirit.

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