Tag: Business
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...
Olive oil in Spain soars to new record wholesale price
THE WHOLESALE price of Spanish extra virgin olive oil soared to a new all-time high on Tuesday of above €8,200 per metric ton.
This came...
Gourmet burger company created by two brothers ten years ago in Spain’s Valencia announces big nationwide expansion
THE VALENCIA gourmet burger restaurant chain 'The Fitzgerald' plans to celebrate its tenth anniversary this year with the opening of two new wholly-owned shops...
Motorcycle parking company based in Spain’s Costa Blanca goes down crowdfunding route for nationwide expansion
AN ALICANTE company that runs secure parking areas for motorbikes and mopeds has gone down the crowdfunding route to help it expand across Spain.
Mimoto...
Benidorm and Murcia Terra Natura parks in Spain report profits that are higher than before Covid pandemic
THE TERRA NATURA wildlife parks in Benidorm and Murcia have boosted profits last year to surpass 2019 figures after dips caused by the Covid...
Apple and Amazon fined €194 million for illegal collusion in Spain
SPAIN'S competition watchdog, the CNMC, has fined international companies Amazon and Apple a total of €194 million for collusion in the sale of products.
The...
Car maker Seat to build battery cell assembly plant in Spain’s Catalunya
SEAT has announced that it will build a vehicle battery cell assembly plant in Martorell, Catalunya.
The car maker- owned by Volkswagen- says the project...
Inflation in Spain falls below 2% for first time since March 2021
INFLATION in Spain has dipped to below 2% for the first time since March 2021 according to provisional June figures released on Thursday by...
EU could block merger in Spain between mobile phone giants Orange and MasMovil
PLANS for a €18.6 billion merger between two of Spain's biggest telecoms companies Orange and MasMovil are under threat from the European Commission(EC).
The news...
Vodafone could quit Spain as telecoms-mobile market heats up
BRITISH telecoms group Vodafone could pull out of Spain and has hired the Morgan Stanley investment bank to review its options in the country,...
Iberdrola gets approval for three solar energy farms in Alicante and Valencia areas of Spain
ENERGY company Iberdrola has obtained approval to build three new solar farms in Villena (Alicante province), Ayora and Cofrentes (Valencia province).
The three locations had...
Beer consumption reaches all-time high in Spain
BEER drinking reached a record-high in Spain in 2022 helped by hospitality recovering after the pandemic and larger number of tourists.
Figures released by the...
Spain’s banks told to pay out more to savers as interest rates climb
BANKS in Spain have been told to start paying clients better rates for their savings as interest rates continue to climb.
The call has come...
Major retailer in Spain- El Corte Ingles Group- reports massive rise in net profits
SPAIN'S El Corte Ingles Group closed the 2022 financial year with global revenues of €15.3 billion- up 22.5% compared to the previous year with...
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...
Elon Musk’s Tesla revealed as car maker interested in opening factory in Spain’s Valencia area
DISCUSSIONS are said to be an 'advanced stage' for Elon Musk’s electric car manufacturer Tesla to open a factory in the Valencia area.
Both the...
Multinational car manufacturer could seal massive deal for project in Spain’s Valencia area
TALKS are said to be an 'advanced stage' for an international car manufacturer to launch a project in the metropolitan area of Valencia.
Reports from...
Spain’s inflation rate reaches lowest number in almost two years
INFLATION in Spain is at its lowest rate since July 2021 with core inflation- excluding food and fuel prices- down for the third consecutive...
Ryanair asks tourists to pay an extra €45 to take their ensaimadas to the plane in Mallorca
RYANAIR told two tourists they needed to pay €45 for taking a box of Mallorca’s famous ensaimada inside the plane at Palma Airport.
The airline...
With elections looming, president of Spain’s Valencia region claims ten multinational companies plan to invest in area
THE PRESIDENT of the Valencian Community, Ximo Puig, has said that the region is waiting to close agreements with ten multinational companies with an...
Four Seasons finally comes to Costa del Sol
THE construction of a brand new Four Seasons hotel on the Costa del Sol is edging closer.
The start of the project in Marbella is...
Trade unions in Spain sign deal with key employer groups for guaranteed wage rise of 10% over three years
A WAGE DEAL amounting to at least 10% rises in pay packets for many workers in Spain has been agreed between major employers associations...
Meta’s planned data centre for Toledo town will require ‘660 million litres of water a year’
A PLANNED data centre that will serve Facebook and Instagram owner Meta is due to be built in the Toledo municipality of Talavera de...
Road hauliers desperate for 2,000 extra lorry drivers in Spain’s Costa Blanca and Valencia areas
A VALENCIAN COMMUNITY road haulage federation says the region is short of 2,000 drivers which is causing serious problems with deliveries.
The FVET says the...
Spain’s state train operator Renfe faces EU probe over refusing to supply content to rival online ticket platforms
THE European Commission has opened a formal investigation to assess whether Spain's state rail operator Renfe has abused its dominant position in the country's...
Deutsche Telekom announces new ‘IT centre’ at existing base in Spain’s Valencia
DEUTSCHE TELEKOM has announced its set up a new 'IT Value Centre' at its existing Valencia technology centre.
The facility will be the third such...
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