Wednesday, April 14, 2021

Business & Finance

Staff at El Corte Ingles in Mijas facing redundancy as coronavirus takes toll on Spain’s retail giant

BOSSES at El Corte Ingles have announced that the business will have to be restructured to cope with the coronavirus crisis.  Staff at the Spanish...

H&M store closures in Spain: Thirty locations to close as retailer hit hard by pandemic

FASHION chain H&M will shut 30 of its stores in Spain, putting 1,100 jobs at risk. The closure affects one fifth of the retailer's branches...

CAN’T PAY WON’T PLAY: One in four young people in Spain’s Valencia region affected by employment cutbacks

ONE out of every four young people in the Valencia region is affected by a temporary employment regulation, known as ERTE. Around 25% of employees...

Locked wallets: COVID ‘savings’ will not be splurged

THE eventual end of COVID restrictions will not lead to a spending splurge. Seven out of 10 people will hang on to any cash they...

Could you be paying less for your investments and pensions?

Tracy Storer Senior Partner Chorus Financial I’ve just come out of a regular review with one of my clients, and top of the agenda was an analysis...

The bunq Travel Card: an emerging must-have travel accessory in a post-COVID-19 World

AS we emerge from an undeniably rocky year in all aspects, focusing on good things in the future is an effective way to maintain...

Spain’s central bank warns political instability could damage economy

SPAIN´S central bank chief has warned that political instability could have a negative impact on the country’s economic recovery.  Pablo Hernández de Cos said that...

POP! Suez Canal unblocked after six days with huge bottleneck of cargo ships waiting to go through

As businesses and authorities worldwide breathe a collective sigh of relief, port managers are now struggling to make up for lost time.

BYE BYE BANKIA: Merger with CaixaBank effective as of today

Spokespeople for CaixaBank insist that the absorption will not cause any problems for former Bankia customers.

Radio station €1000 giveaway proves ‘awesome’ business confidence following lockdown on Spain’s Costa Blanca

COSTA BLANCA'S community radio station, Big FM, is giving away a prize worth €1,000 in the coming weeks. As part of their continued commitment to...

MONEY MATTERS with CHORUS FINANCIAL on why UK investment values are falling

Money Matters from Chorus Financial answers all your questions on finance, tax, pensions, investments and more here in Spain. This week we received the...

Living in Spain? Where will you pay Inheritance Tax?

‘In this world, nothing is certain except death and taxes’ – Benjamin Franklin Never a truer word spoken, and quite honestly a depressing one!  Part of...

Andalucian apartment bought using crypto currency in a nationwide first in Spain

AN apartment in the Andalucian city of Seville has become a nationwide first by being the first property to be sold using crypto currency....

CaixaBank takeover of Bankia to create Spain’s biggest bank set to be done by this Friday

PLANS to create Spain's largest retail bank through CaixaBank buying out Bankia have cleared a major legal hurdle and should be sealed by this...

DEAR JENNIFER: Does medical insurance or Spain’s health service cover accidents?

AN accident policy is the best protection for your daily life, which is always full of surprises. We run the risk of having an accident...

Did you sign up with a Financial Adviser in Spain?

Sam Kelly DipPFS, EFA, BA (Hons) Managing Partner Chorus Financial Looking back, it’s obvious I was fairly naïve when I first moved to Spain in terms of...

Low expectations: Hopes for a return of tourism to Spain but at 50% of previous levels

SPAIN’s Tourism Minister is hoping for a return of tourism but has set her sights low at 50% of normal levels. Maria Reyes Maroto said:...

Government under fire for €53 million bailout of obscure Spanish airline with links to Venezuela

PEDRO Sanchez has come under fire this week after news emerged that a €53 million SEPI bailout has been given to the obscure Plus...

SEAT and Iberdrola ‘to build Spain’s first EV battery plant’

VOLKSWAGEN Group’s SEAT subsidiary plans to team up with power company Iberdrola to build Spain’s first battery factory for electric vehicles. Reyes Maroto, Spain’s Minister...

Vodafone Spain gets record-breaking fine for mishandling personal data and making spam advertising calls

VODAFONE Spain has been hit with an €8.15 million fine for mishandling personal data during marketing campaigns between 2018 and 2020. It's the biggest penalty-ever...

Local business owners in Spain’s Mallorca demand longer opening hours in restaurants after current measures ‘cover just 30% of...

Faced with mounting debts acquired during the coronavirus pandemic, business unions have appealed to the Balearic government to 're-consider their current measures'

Who needs cash?: Quarter of people in Spain would not miss paper money

A QUARTER of Spaniards say they would prefer to wave goodbye to cash and welcome electronic payments instead. The rapid rise of the coronavirus crisis...

LOOK ON THE BRIGHT SIDE: Tourism sector in Spain’s Castellon optimistic that July will see a return to normality

CASTELLON tourism sector is very optimistic about the future – so much so that the experts believe the situation will be back to normal...

4 DAY WEEK: Spain considering pilot project that will cut hours worked to 32 for same money

SPAIN is on the verge of launching a €50 million trial of the four day working week. The national government has reportedly informally agreed to...

A billion euros of government aid planned for industries worst hit by pandemic in Spain’s Valencia region

THE VALENCIAN Community is to receive a total of over a billion euros of pandemic aid from the Spanish government. The region will first get...

Spain approves €7 billion aid package for coronavirus-hit businesses

THE Spanish government has approved a relief package that includes €7 billion in direct aid to small and medium-sized companies hit by the coronavirus...

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