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Spain announces crackdown on cryptocurrency adverts that ignore investor risks

SPAIN is clamping down on the advertising of unregulated cryptocurrency investments. Concerns about investors being ripped-off by bogus claims have prompted a new rule that...

Bankruptcies in Spain rise by a third during 2021 but start-up numbers are even bigger

THE number of businesses declared bankrupt in Spain last year rose by 31% compared to 2020. In contrast, 102,169 new companies were registered in 2021,...

Pedro Sanchez says Spain’s creating ‘quality jobs’ as unemployment tumbles in 17-year record fall

SPAIN created 782,232 new jobs in 2021 in the biggest annual fall in registered jobless since 1995. December's figures from the Labour Ministry saw 76,782...

Food and power prices boost Spain’s inflation rate to highest figure in nearly 30 years

SPAIN'S inflation rate has hit 6.7% this December- the highest annual hike since March 1992. Official figures published on Thursday from the National Statistics Institute(INE)...

Telefonica in Spain strikes deal with unions for 2,700 voluntary job losses

SPANISH telecoms giant Telefonica has reached an agreement with unions to cut 15% of its workforce. The reduction will be achieved through an estimated 2,700...

Banco Santander ordered to pay banker €68 million just months after big staff cuts and branch closures in Spain

A Madrid court has ordered Banco Santander to pay €68 million to Italian banker Andrea Orcel for reneging on an offer to make him...

Christmas bonus for every Benidorm resident on Spain’s Costa Blanca

BENIDORM residents can get a €50 discount on city shopping until the end of the year. The 'BenidormTeDaMas' scheme allows anybody aged 18 and over...

Mercadona supermarkets in Spain to pay staff an inflation-matching wage increase

THE Mercadona supermarket chain is set to give its entire workforce a 5% pay rise on January 1. Spain's biggest private company is the first...

Festive business boost as town citizens are given over €200,000 to spend locally on Spain’s Costa Blanca

FAMILIES living in Pilar de la Horadada are being given thirty euros to spend locally in the run-up to Christmas. The local City Council is...

Spain’s Unicaja Banco reaches deal to cut 1,513 jobs and close hundreds of branches

SPAIN'S fifth-largest bank, Unicaja, has reached a deal to cut up to 1,513 jobs and close a quarter of its branches. The bank announced cost-cutting...

Spain reaches the highest ‘misery index’ in Europe

LIFE in Spain has often been considered a laid-back, sun-drenched alternative to gloomier spots on the continent.  But in recent years, economic woes have cast...

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...

Family business as Marta Ortega takes control of Spain’s Inditex fashion empire

MARTA Ortega, the daughter of the founder of Spanish fashion retailer, Inditex, will become the company's chairwoman next April. Ortega, 37, will replace Pablo Isla,...

Food price rises take Spain’s inflation rate to levels not seen since 1992

RISING food and fuel prices have rocketed Spain's inflation rate to its highest figure an almost three decades. Inflation stands at 5.6% up by 0.2%...

Pedro Sanchez gets his 2022 budget plans passed in Spain’s lower house of parliament

PRIME Minister, Pedro Sanchez, has seen his draft budget for 2022 approved by Spain's lower house of parliament. Thursday's Congress vote was a success for...

Endesa power company to invest €31 billion until 2030 on green energy in Spain and Portugal

ENDESA has announced a €31 billion investment in 'green' energy production in Spain and Portugal through to 2030. The news comes as Endesa and other...

Leading chocolate maker Valor based outside Benidorm on Spain’s Costa Blanca celebrates its 140th anniversary

SPAIN'S leading chocolate manufacturer, Valor, has celebrated its 140th anniversary by announcing profits of €10.6 million. The company had a turnover of €128 million in...

Telefonica in Spain could get a €1 billion tax refund

SPANISH telecoms giant Telefonica could be in line for a €1 billion tax refund thanks to a National Court ruling. Judges have ordered the Ministry...

Spain signs up for first grab of European Union’s COVID recovery money

Spain has become the first European Union country to officially apply for a first €10 billion instalment of the Union's COVID recovery fund. This follows...

Costa Blanca engineers count down to blast off for Spain’s first space rocket launch in 2022

SPAIN'S first space rocket will be launched next year, 11 years after a Costa Blanca-based company was formed with the aim of making that...

Inflation soars to highest level in Spain for 29 years due to rising fuel prices

INFLATION skyrocketed to an annual 5.4% rise in October according to Spain's National Institute of Statistics(INE). It's the highest level in 29 years and is...

Spain’s government hopes national lorry drivers strike will be called off

TWO Spanish government ministers are hopeful that a three-day pre-Christmas national lorry drivers strike can be avoided. Spain's national lorry drivers association announced a strike...

Valencia City Council commercial bond sale interest crashes website

A WEB server that was set up to allow the sale of commercial bonds by the Valencia City Council crashed with minutes of going...

Sabadell Bank in Spain boosts profits thanks to TSB subsidiary plus massive job cuts and branch closures

SABADELL Bank profits have leapt up by 82.4% between January and September compared to the same period last year. Spain's four-largest bank has recorded a...

Inflation rate in Spain soars back up to the days of the peseta

SPAIN'S inflation rate has soared to 5.5% due to steep energy price rises. Figures from the National Statistics Institute(INE) for October were 1.1% higher than...

COFFIN UP: The price of death is lower in southern Spain with funeral and cremation charges far higher in...

SOUTHERN Spain is the cheapest part of the country to die, according to the OCU consumer association. The highest prices for funerals and cremations were...

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