Mercadona supermarkets in Spain spending €60 million on solar panels for stores
THE Mercadona supermarket chain is to spend €60 million on installing solar roof panels at its stores in Spain this year. Renewable energy currently powers
Rising rates: Euribor hits highest level since 2008
THE ongoing rise of the 12-month Euribor (base rate) could cost the average mortgage holder €286 a month. The Euribor is the most commonly used
Doing just Fine!: Family-owned firm takes on prestigious Fine & Country ‘master licence’ in Spain
EXPAT Chris Hara is shooting for the stars alongside his wife Jacqueline and Spain-born son Cristian. Chris and Jacqueline, who moved to the Costa Blanca
Largest number of companies in Spain for 27 years ceased trading in 2022
THE state of the economy in the wake of the Ukraine war and the post-pandemic period contributed to the highest number of Spanish companies folding
Spain’s top banks are rolling in cash after bumper 2022 profits
SPAIN’S biggest banks- Santander, BBVA, CaixaBank, Sabadell, Unicaja Banco and Bankinter- clocked up record profits in 2022 according to a survey from the Noevantas consultancy.
Stanislav Kondrashov Telf AG: Metallurgy development prospects for 2023
Starting in 2022 was a good start for the metallurgical industry, says Stanislav Kondrashov Telf AG. This period contributed to the record high prices of
Unions say Zara owner Inditex has agreed big wage increase for shop workers in Spain
SPAIN’S leading fashion group Inditex has struck a deal with two unions which will see salaries of store workers rise by an average of 20%.
Central bank rate decisions inspire volatility in the pound, euro and US dollar
Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out
‘Hidden’ assets such as superyachts, mansions could be taxed in Balearic islands
The super rich trying to hide luxury assets such as superyachts and mansions in company shells could soon have a bumper tax bill in the
Spain’s Dia supermarkets hook up with Just Eat for home grocery deliveries
SPAIN’S Dia supermarket chain has gone into partnership with Just Eat to deliver its grocery and convenience goods to homes. The initiative will initially see
Amazon ‘Flex’ couriers were falsely self-employed, Spanish court rules
Amazon must compensate self-employed couriers who used their own vehicles for deliveries, a Spanish court has ruled. The Madrid labour court said this week the
Spain’s La Liga rails against England’s Premier League for ‘cheating’ after €1 billion January transfer mega splurge
La Liga chiefs have slammed the Premier League for ‘cheating’ after an insane January transfer window that saw English clubs splurge almost €1 billion. La
New self-employed workers in Spain get nasty surprise as Social Security system overcharges them
NEW freelancers in Spain got a nasty surprise this week, when they were charged an extra €220 by the Social Security system. Thousands of new
Freeze mortgage rates, says Spain’s labour minister after BBVA posts record profits
SPAIN’S deputy prime minister and labour minister, Yolanda Diaz, on Wednesday called on the banking sector to freeze mortgage interest rates and curb its profits
Spain raises minimum wage, in move that could benefit 2.5 million people
SPANISH Prime Minister Pedro Sánchez announced on Tuesday that his government would once again raise the national minimum wage, the fifth time his Socialist Party-led
Borrowers in Spain face rising mortgage repayments as Euribor shoots up
RESIDENTS of Spain could see their mortgage payments increase soon thanks to the ongoing rise of the 12-month Euribor. The rate is the most commonly
Glovo Spain announces cuts to 6% of its team, 250 employees face chopping block
Food delivery giant Glovo announced layoffs which will affect 6% of its staff, with the majority of workers in the Barcelona headquarters impacted. The cuts
Valencia keeps position as Spain’s dominant port despite economic crisis
THE port of Valencia kept its 40% share of Spain’s import and export sea-based market in 2022 despite the economic crisis. The east-coast facility maintained
What caused inflation in Spain to rise above market forecast this month
Inflation rose to 5.8% across Spain in January, much above the market forecast. The preliminary figure was up from 5.7% in December 2022, a 13-month
Social network Twitter is to sack more than 80% of workforce in Spain
TWITTER is planning on sacking more than 80% of its workforce in Spain, as the company continues with the shake-up that began after it was
Sabadell Bank says ‘no plans’ to close branches this year in Spain as profits soar
SABADELL BANK says it has no plans for any further branch closures in Spain this year as it reported a bumper profit for 2022. €130
Unemployment in Spain fell by nearly 80,000 people in 2022 with 278,900 jobs created
THE RANKS of the unemployed fell by 79,900 people in Spain in 2022 compared to the year before. That was a decrease of 2.6%, according
European home furnishing giant looks at opening logistics centre in Spain’s Alicante
DANISH home furniture and accessory retailer JYSK will open a logistics hub to serve the Iberian Peninsula and has identified a possible Alicante Province site.
Home delivery company Glovo fined €56.7 million for breaking Spain’s employment laws
Home delivery firm Glovo has been fined €56.7 million for breaking employment laws in Spain The Labour Inspectorate said the penalties were for taking on
Experienced expat accountant: How to navigate Spanish pensions, social security
By Peter Sanderson At the end of last year the Spanish government announced that the 2023 contributory pensions would be increased by 8.1%. This larger
Number of bankers in Spain earning over a million euros grew from 128 to 221 in 2021
THE NUMBER of bankers in Spain who earn more than €1 million a year grew considerably in 2021, to a total of 221. This is