Friday, March 29, 2024

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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...

‘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...

IN CRISIS: Restaurants in Spain’s Mallorca lose 80% of turnover due to COVID-19 restrictions as protest called on this...

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 current coronavirus restrictions

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.

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 sector

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...

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...

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.

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

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...

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...

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...

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.

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,...

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...

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.

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...

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...

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

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...

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...

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...

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...

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...

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...

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