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Tag: Business and finance

These are the 3 best variable rate mortgages in Spain for 2024, according to experts

TO FIX or vary is the key question asked by people applying for a home mortgage in Spain, with a mixture of both also...

Ibex-35 executive directors earned 54 times more than their workers in 2022

EXECUTIVE directors of the companies listed on the ibex 35 have made earnings, on average, 54 times more than their workers, according to the...

Spain records its lowest level of unemployment since 2008 as nearly 22,000 jobs were created in July 

UNEMPLOYMENT in Spain is at its lowest level since 2008, just before the financial crash, according to the Ministry of Labour and Social Economy.  In...

Almost 40% of workers in Spain do not receive overtime compensation 

FOUR out of 10 workers in Spain receive no compensation for their overtime work.  A study carried out by Infojobs and Adecco exposed businesses in...

Bank of Spain improves its economic forecast for remainder of 2023

THE BANK OF SPAIN has raised its economic growth forecast for 2023 to 2.3% from 1.6% in March as activity picked up more than...

Baleares is the Spanish region where people spend less money on clothes 

BALEARES is the Spanish region where less money is spent on clothes, according to textile business association ACOTEX.  The study displays that on average, residents...

Wages to increase by 4% in Spain this year

The Spanish Confederation of Business Organisations (CEOE) and working unions have agreed to increase workers’ wages by 4% this year.  Both sides have reached the...

Spain based car rental company starts implementing 32-hour working week

Spain-based car hiring company Wiber rent a car has introduced a 32-hour working week across all its offices in the country.  The company has offices...

Shareholders back controversial move by infrastructure giant Ferrovial to take head office from Spain to the Netherlands

SHAREHOLDERS of infrastructure group Ferrovial voted on Thursday in favour of the company’s controversial plan to move its holding company to the Netherlands. The...

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...

Spain to grant more work visas as labour shortages worsen

SPANISH Minister of Social Security and Migration Jose Luis Escriva has announced plans to relax work permit rules for foreigners amid labour shortages in...

Deliveroo leaves Spain after losing €23 million in two years

FOOD delivery service Deliveroo has announced it will cease operating in Spain citing huge economic losses since the start of the pandemic. The company reported...

Highest and lowest paid jobs in Spain – see if yours on the list

COMPANY bosses took home the top pay packets in Spain last year, while cleaners earned the least, new figures show. Bankers are among those who...

Spain’s Valencia is bang on the money

THINGS are looking up for the economy of the Valencia region. Two developments have hit the headlines just days apart from each other that suggest...

Hundreds queue at banks across Spain in last chance to cash in old pesetas

HUNDREDS of people queued along Spain’s streets yesterday in a race to exchange old pesetas for euros ahead of the final deadline.  Wednesday (June 30)...

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.

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...

Radio station €1000 giveaway proves ‘awesome’ business confidence following lockdown on Spain’s Costa Blanca

COSTA BLANCA'S community radio station, Big FM, is giving away a prize worth €1,000 in the coming weeks. As part of their continued commitment to...

SUN LAWYERS: Why you need to find the right lawyer to guide you through buying a house in Spain

BUYING a property is one of the biggest decisions most of us will make. Making a purchase in Spain has extra complications like a...

THE SILVER LINING: Company in Valencia’s Castellon becomes main producer in Spain of FFP2 facemasks

THE COVID pandemic and its resultant financial crisis are triggering a profound transformation of the manufacture and industry sectors throughout Spain. At the height of...

Marina d’Or in trouble

The company’s most recent public audit in 2018 revealed a deficit of €111 million

BAILED OUT: Valencian government announces €340 million aid package for self-employed workers and businesses

THE Valencian regional government has announced a €340 million bailout plan for small businesses and self-employed workers to help mitigate the disastrous economic effects...

THE FUTURE IS ORANGE: Valencian citrus farmers finally on the money ‘thanks’ to COVID

Valencian orange and lemon producers saw their income go up at last

Banking giants BBVA and Sabadell launch formal merger talks in Spain

TWO of Spain's largest banks, the BBVA and Banco Sabadell have opened formal merger talks. Informal discussions have taken place in recent months but now...

Customer in Spain’s Costa Blanca gets back excessive interest charges on controversial credit card

A SPANISH online bank has been ordered by a Costa Blanca court to refund €8,820 to a customer who was charged excess interest on...

Beat the looming tax deadline for British non-resident property owners in Spain with Spanishtaxesonline.com

A DECEMBER 31 deadline for British owners of second homes in Spain to pay their Modelo 210 tax return is fast looming. Some property owners...

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