Tag: Business
Spain’s fashion giant Inditex- owners of Zara- reports record profits in 2023
FASHION chain Inditex- owners of branded stores like Zara- reported record profits last year.
The Spanish company achieved a net profit of €5.3 billion- up...
This expat hotspot on the Costa Blanca wants to become Spain’s first ‘crypto-friendly’ city – but what does that...
TORREVIEJA has unveiled plans to become Spain's first cryptocurrency-friendly city.
The Costa Blanca resort hopes to achieve that goal through an initiative launched by the...
On the rise: Erotic toy start-up in Spain rakes in MILLIONS as customers splurge on their unique designs ahead...
A COMPANY making and distributing erotic toys on the Costa Blanca has become a major success story and is currently enjoying a boom period...
Spain suspends fines for Amazon and Apple: Tech giants have more time to fight €194m sanctions
THE National Court has temporarily suspended massive fines given to Amazon and Apple by Spain's competition watchdog- the CNMC- over collusion.
The international giants will...
H&M to close a QUARTER of its stores in Spain
FASHION retailer H&M has announced plans on Friday to close more than a quarter of its shops in Spain.
The Swedish-owned business says up to...
Ryanair to expand in Spain: Budget airline plans for five new bases in the country
IRISH carrier Ryanair says it wants to open five new bases in Spain and grow by 40% in the country by 2030.
CEO Eddie Wilson...
Aldi is expanding across Spain: Budget supermarket announces 50 new store openings this year
GERMAN discount supermarket chain Aldi says it plans to open nearly 50 new stores in Spain this year.
To back its expansion, the retailer will...
Carrefour announces it will stop selling all PepsiCo products in Spain – this is why
FRENCH supermarket giant Carrefour has announced that it is to pull all PepsiCo products from its stores in Spain, France, Italy and Belgium, for...
Brits flocked to Spain in November with almost 1 million visiting the country in new record: These were the...
SPAIN welcomed a record 5.1 million foreign tourists in November, with nearly a million of them coming from the United Kingdom.
Figures published on Wednesday...
Biggest supermarket chain in Spain seals five-year staff wage deal
SPAIN'S biggest supermarket chain Mercadona has struck a deal with unions to increase salaries by up to 6% per year through to 2028.
The five-year-deal...
Spain’s favourite Christmas toys revealed as sales are set to rise by 2%
DOLLS are proving once again to be favourite toy during the Christmas sales period with a 2% annual rise in toy purchases predicted by...
Supermarket strike is announced in Spain over the crucial Christmas period
SUPERMARKET and grocery shop workers in the Madrid area are set to strike over Christmas over wage rise demands.
The UGT trade union has announced...
This city on the Costa del Sol is the best place in SPAIN for expats to set up a...
A NEW study has revealed the best place in Spain for foreigners to set up a business and it's on the Costa del Sol.
The...
Why are Spain’s biggest newspapers filing a €550m lawsuit against Meta’s Facebook?
A GROUP representing 83 newspapers in Spain has filed a €550 million lawsuit against Facebook owner Meta Platforms, claiming that its breaching advertising competition...
Lidl will open 30 new stores in Spain in 2024 after surpassing €6bn in sales this year
LIDL has announced plans to open 30 new stores in Spain next year, taking its count to over 700 outlets.
The aim of the German...
Inflation rate in Spain fell to 3.2% in November, latest figures reveal
SPAIN'S inflation rate fell to 3.2% in November as a result of lower fuel prices and cheaper holiday packages, according to preliminary figures released...
Spain’s Prime Minister Pedro Sanchez promises ‘certainty and predictability’ to multinationals and new foreign investors
SPAIN’S Prime Minister Pedro Sanchez on Tuesday promised ‘certainty and predictability’ to multinationals and new foreign investors in the country, despite the turbulent political...
British cybersecurity start-up will remain in Malaga with plans to expand – as city becomes new tech hub in...
A CYBERSECURITY startup from Leeds is set to open a new office in Malaga as part of a drive to make the city Spain’s...
Amazon, TripAdvisor, and Booking are cleared by Spain’s competition authority after being accused of allowing ‘fake reviews’ which ‘harm...
SPAIN'S anti-monopoly commission, the CNMC, has cleared Amazon, Booking Holdings and Tripadvisor of posting or facilitating fake reviews on their websites.
A complaint had been...
Pret A Manger lands in Spain! Coffee shop chain loved in Britain to open 70 stores across the Iberian...
THE BRITISH sandwich and organic coffee retailer Pret A Manger is to open its first Spanish outlet at Barcelona Airport.
Pret- founded more than 30...
Leading supermarket boss warns about division between Spaniards as Pedro Sanchez wins investiture vote
MERCADONA supermarket chain president, Juan Roig, issued a stark warning on Thursday about Spain's political situation as Pedro Sanchez secured a second term as...
Oil giant Cepsa to buy up HUNDREDS of ‘low-cost’ petrol stations across Spain
CEPSA, Spain’s second largest oil company, said on Monday that it had agreed to buy 220 automated low-cost petrol stations in Spain from Ballenoil...
Mercadona to enjoy a record year with more than €30bn in sales predicted
MERCADONA is enjoying rapid growth in Spain, while the rest of the supermarket sector is stagnating- according to figures published by online portal El...
Revealed: The 10 richest people in Spain as Zara founder Amancio Ortega reigns supreme with €81bn fortune
THE WEALTHIEST people in Spain got richer by 37% last year despite the Ukraine war and inflation according to the latest Forbes list.
Inditex fashion...
Vodafone Spain is sold to British firm for £4.4billion
VODAFONE SPAIN has been sold to UK telecoms investor Zegona Communications in a deal valued at up to €5 billion.
Zegona will pay at least...
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...