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
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
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. The
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 being
SWAN’S CORNER: ‘A fine is a tax for doing wrong. A tax is a fine to do well’….a catchy little phrase to let you know that it is income tax declaration time again!
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 to
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
Could you be paying less for your investments and pensions in Spain?
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
Bars and restaurants in Spain’s Palma de Mallorca exempt from terrace tax until 2022
Costing Palma City Council an estimated €1.8 million, the measure hopes to help hard-hit bars and restaurants in the capital overcome the coronavirus crisis
CaixaBank-Bankia merger causes record job losses and branch closures across Spain
THE merger of two of Spain’s largest banking entities, CaixaBank and Bankia is on course to axe nearly 10,000 jobs, union bosses were informed yesterday.
POWER PRICE HIKE: April electricity bill in Spain is most expensive ever
Gas is now said to be 200% more expensive than in 2020, which is having a direct effect on electricity costs.
Spain’s Mercadona supermarkets announce 17% profit rise despite spending €200 million on COVID safety measures
SUPERMARKET chain Mercadona has announced profits of €727 million for 2020, a 17% rise on the previous year. The Valencian-based national retailer unveiled the figure
Longer opening hours on the cards for bars and restaurants across Spain’s Balearic Islands
This morning, representatives of the government, including tourism minister Iago Negueruela, met with local business unions to discuss relaxing the current coronavirus restrictions on the
WELCOME BACK: Hotels in Spain’s Valencia region begin reopening again ready for the summer
The biggest source of uncertainty at the moment is British tourism, a key market for the region and especially the Costa Blanca.
IN CRISIS: Restaurants in Spain’s Mallorca lose 80% of turnover due to COVID-19 restrictions as protest called on this week
According to the Association for Small and Medium Sized Businesses (PINEM), the restaurant sector has been 'discriminated against' and 'destroyed' as a result of the
LGTBQ Hotel worth €40million in Spain’s Torremolinos to be sold at auction
A three star LGTBQ hotel in Torremolinos is being put up for sale by its current owners. The Ritual Torremolinos Hotel, located in La Nogalera, is
EXPLAINED: What Caixabank merger with Bankia means for customers
Last month two of Spain’s high street banks completed a merger to become Spain’s largest banking entity, but what does that mean for those who
BREXIT: Spanish imports from UK plummet during first two months of the year
BREXIT has seen Spanish imports from the UK slashed during the first two months of 2021 with food products hardest hit. Spain’s imports of products
Malaga tourism chief targets UK market to help revive battered sector’s recovery after COVID-19
A TOURISM chief has outlined the steps she thinks must be taken in order for the sector to recover in Malaga. Tourism and Promotion councillor
‘CRYPTO-CON’ as investors sue for €250 million in first-ever crypto-currency fraud case before Spain’s National Court
SPAIN’S first-ever class action involving crypto-currency fraud has been presented to the National Court in Madrid. The lawsuit claims that over 300 small crypto investors
Car sales in Spain show false hope as COVID-19 delivers new blow to an already struggling sector
NEW car registrations in Spain in March have shown an optimistic 128% increase over the same period in 2020 according to Spanish market analysts Autoinfor.
Spanish PM unveils “the most ambitious and transcendental plan in the economic history of Spain”
SPAIN’S Prime Minister has outlined his Recovery and Resilience plan for the nation aiming to revive and modernise its economy using €72 billion in grants
SORRY, WE’RE CLOSED: Coronavirus spells the end of historic restaurants in Barcelona
FOUR historic restaurants in Barcelona city have been the latest high-profile victims of the coronavirus pandemic. Cal Pinxo was a hugely popular seafood eatery in
The pension freedoms trap. Is your UK pension affected?
On 6 April 2015 the retirement landscape for Brits all over the world changed dramatically. Pension freedoms were introduced, and people were given the choice
Coronavirus impact on Spain’s economy is worse than we feared
SPAIN’S government has slashed its forecast for economic recovery during 2021 blaming a COVID-induced contraction in the first quarter and delays to the arrival of