Business & Finance

GET A JOB: Good news as Spain’s Castellon recovers pre-pandemic employment levels

EMPLOYMENT levels in Castellon Province have already returned to pre-pandemic levels. Social Security figures show that there are currently 212 workers paying into the system...

BBVA bank bosses in Spain offer to cut compulsory job losses after one-day strike

THE BBVA bank has reduced planned compulsory redundancies in a last-minute bid to strike a deal with the CCOO union. Formal talks are due to...

Courts in Spain flooded with cases following spike in cryptocurrency scams

SPANISH courts are overwhelmed with the number of cases related to the fake cryptocurrency schemes.  Following the recent price increase of cryptocurrencies, con artists have been taking...

Living in Spain but still have a UK based financial adviser?

by Sam Kelly DipPFS, EFA, BA (Hons), Managing Partner, Chorus Financial. Chorus Financial are receiving an increasing number of enquiries from those of you living in Spain...

Investment Alert! Are you invested in Momentum Harmony, Lombard Russell or Privee Select Funds?

Sam Kelly DipPFS, EFA, BA (Hons) Managing Partner Chorus Financial I’ve come across a number of clients in the above-mentioned funds. They are commonly used by certain...

Workers at Spain’s BBVA bank will strike next week over redundancy plans

EMPLOYEES at the BBVA bank, the second largest in Spain, are set to strike on June 2 in protest over planned job losses and...

WORRYING: Andalucia has third lowest average income per person in Spain, while northern Spain tops list

ANDALUCIA has the third lowest average yearly income per person in the whole of Spain according to official figures from the INE. A survey...

CLEANING UP: Spain set to spend €1.55 billion to kickstart clean hydrogen production

SPAIN is to splash €1.55 billion on clean hydrogen production in a bid to become European leader in the new technology. It has earmarked EU...

Part-time football club on the Costa Blanca becomes the first to be listed on Spain’s stock exchange

AN Alicante area football club will be the first in Spain to be listed on the national stock exchange. The news came after Sant Joan-based...

Workers take to the streets as Iconic Costa del Sol theme park not expected to reopen this summer

AFTER more than 50 years of providing thrills and laughter on Span's Costa del Sol, Tivoli World is not expected to reopen this summer...

Small victory on the cards for bars and restaurants across Spain’s Balearic Islands as government considers 11pm closing time

This week, key ministers met with local business unions to discuss easing the restrictions currently enforced on the sector

EROSKI supermarket chain benefits from last year’s pandemic lockdown in Spain

EROSKI supermarkets have seen a big pandemic boost of a 30% rise in operating income which hit €252 million last year. The company's sales rose...

CAMPO CALLING: Small towns and rural villages throughout Spain launch drive to attract new residents and entrepreneurs

Budding entrepreneurs looking to relocate somewhere calmer, less crowded and healthier can apply through the website www.holapueblo.com until June 11.

Over 50,000 businesses across Andalucia apply for emergency COVID-19 fund

OVER 50,000 businesses in Andalucia have applied for funding from emergency coronavirus funding.  The regional government confirmed that 53,796 requests were made for the COVID-19...

TIME TO SELL: Land prices double in Spain’s Valencia province due to surge in demand for holiday homes

THE price of land to build holiday homes in Valencia Province has doubled due to a spike in demand. Real estate analysts have revealed that...

ROYAL VISIT: King Felipe VI lands in Castellon to take part in yearly business conference

The reason for the royal visit was to take part in the yearly assembly of the Valencian Community Business Confederation, which King Felipe closed with a speech peppered with sentences in the Valencian language and references to the area.

Norwegian Airlines cuts 1,200 jobs and closes bases across Spain

TROUBLED low-cost carrier Norwegian Airlines has announced that it will cut 1,200 jobs across Spain in a European restructuring plan as it battles with...

BUY LOCAL: Agricultural union in Spain’s Valencia urges consumers to support regional and national producers

To set the balance right, the Valencian co-op makes a simple suggestion: buy Valencian and Spanish produce, if possible directly from farmers at markets or from small businesses.

What’s the worst that can happen to your investment or pension in Spain?

by Sam Kelly DipPFS, EFA, BA (Hons) Managing Partner Chorus Financial Often the first question asked by clients considering an investment or pension with Chorus Financial! So,...

WELL CONNECTED: Spain’s Valencia and Alicante aim to become major hubs for data processing centres

Data centres store all the information digitalised by companies, some of which are operative 99.99% of the time – meaning they are only switched off for 26 minutes once a year.

Electrifying news: Cash handouts of up to €9,000 to buy an electric vehicle in Spain

BUYERS of electric vehicles (EVs) in Spain can claim subsidies of up to €9,000. The Spanish government has approved an €800 million fund up until...

CaixaBank to close 1,534 branches as part of Spain-wide shake up after Bankia merger

CaixaBank has announced it will cut nearly 20% of its workforce across Spain as part of a nation-wide shake following their merger with Bankia....

GET CREATIVE! Coworking and creation centre at rock-bottom prices launched in Valencia city

THERE is no shortage of creative talent in the world - from musicians to artists, handcraft artisans and technology wizards, exciting new projects are...

SWAN’S CORNER: ‘A fine is a tax for doing wrong. A tax is a fine to do well’….a catchy...

Now is the time to fill out Spain’s annual Personal Income tax return (“declaración de la renta” or PIT). Here is what you need...

Home of Bacardi drinks empire founder in Spain falls victim to coronavirus pandemic

THE home of the founder of the Bacardi drinks empire is to close near Barcelona, another victim of the Covid-19 pandemic. Casa Bacardi in Sitges...

DEAR JENNIFER: How do I get the best protection after Brexit?

I understand that there are still different versions going around as to what is required under the Brexit terms for remaining in Spain. Please make...

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