Spain’s airport operator returns to making a profit for first time since pandemic
SPAIN’S airport operator Aena recorded an annual net profit in 2022 for the first time since the Covid-19 pandemic struck in 2020. The firm that
Major international ceramics showcase returns to Spain’s Valencia after two-year absence
SPAIN’S biggest ceramics producing region- the Valencian Community- is highlighting the sector in the return of the annual Cevisama fair. The event in Valencia was
EXPORT BOOM: Spain’s Malaga smashes its export record and reaches a new high of €2,880 million
MALAGA has celebrated a ‘historic record’ in exports thanks to an 18% growth in sales. The 2022 financial year for Malaga has closed with record
Mallorca’s plans to reduce visitors this summer crashes head first into airline plans to fly 30 million people to the islandÂ
Airlines are planning for a blockbuster 30 million passengers to visit Mallorca this summer, smashing the pre-Covid record set in 2019 by one million. They
‘Let it fail and go under’ Iberia warned off buying indebted Air Europa
The owners of British Airways have been advised to swerve the acquisition of Air Europa, Spain’s third-largest airline, and let the company ‘fail and go
Spain’s power company Iberdrola reports record international profits but suffers 19% domestic fall
POWER firm Iberdrola reported a record annual net profit of €4.3 billion last year across the globe but its domestic operation in Spain saw a
Spain’s new windfall tax on banks and energy companies could raise more money than predicted
A new windfall tax on excess profits made by banks and energy companies in Spain could net more than the €3 billion forecast for this
What Spain Can Learn from The US Inflation Reduction Act
As a third of the world is set to go into recession this year, Spain, like other European governments, is looking for ways to weather
Spain’s Repsol oil company announces record investments and net profit of €4.2 billion in 2022
SPAIN’S biggest oil company, Repsol, has announced plans for a record number of investments after reporting a net annual profit of €4.2 billion last year.
Exports in Spain’s Andalucia soar by 24.3% achieving ‘all-time record’
ANDALUCIA has closed 2022 with record exports reaching almost €43,000 million. Sales abroad grew by 24.3% reaching €42.958 billion, 8 billion more than in 2021,
Discover a better way to pay – the Currencies Direct multi-currency debit card
International currency transfer provider Currencies Direct have been helping people move money to and from Spain since 1996. Over the years they’ve built a reputation
Vulnerable families in Spain have until March 31 to request government’s €200 benefit cheque
FROM today, vulnerable families in Spain can apply for a one-off €200 cheque introduced by the government in a bid to help them with the
Construction work starts on new €50 million data centre in Spain’s Valencia region
MEXICAN information technology company Kio will open the Valencian Community’s biggest data centre before the end of the year. The centre costing €50 million will
Spanish government agrees to increase minimum wage by 8% for 2023
The Spanish government has decided to increase the minimum wage by 8% for 2023. The raise will mean about 2.5 million low/salary workers will receive
AI-based mobile phone car number plate reader created by Costa Blanca company in Spain
AN Elche company has created an artificial intelligence device that can convert smartphones into car licence plate readers, which could be used by police to
Regional government in Spain’s Andalusia rejects request from more than 70 municipalities to halt renewable energy plants
THE REGIONAL government in Andalusia has rejected a joint request from a total of 72 municipalities for a moratorium to be put in place on
The sun finally won: How a innovative bid for sustainability got round the draconian rules in the historic quarter of Ronda… and made a great saving
WHEN the owner of Ronda Romantica, an Aparthotel in the historic town of Ronda, decided to become more sustainable and save money with solar panels
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