Business - Olive Press News Spain

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 Annual Report on Remuneration of Directors by the

18 Sep, 2023 @ 13:30

Business & Finance·Other News

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 as Spain, which produces around 45% of

30 Aug, 2023 @ 11:15

Food & Drink·Lead

Gourmet burger company founded by two brothers in Spain's Valencia announces nationwide expansion

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 plus ten franchises in Barcelona, Granada, Sevilla, Murcia

26 Aug, 2023 @ 10:30

Business & Finance·Food & Drink·Valencia·Valencian Community

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 opened its first park in 2018 and

25 Aug, 2023 @ 16:30

Alicante·Business & Finance·Costa Blanca·Valencia·Valencian Community

Benidorm and Murcia's Terra Natura parks in Spain boost pre-pandemic profit levels

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 pandemic. The parks owned by Murcia’s Grupo Fuertes

18 Aug, 2023 @ 14:15

Animals·Benidorm·Business & Finance·Costa Blanca·Murcia·Valencian Community

Apple and Amazon fined €194 million for iilegal collusion in Spain

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 two firms had limited the sale of

19 Jul, 2023 @ 11:15

Business & Finance·Lead

Car maker Seat to build car battery cell assembly plant in Spain's Catalunya

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 will create more than 400 direct jobs.

19 Jul, 2023 @ 10:30

Business & Finance·Catalunya·Environment·Lead·Valencia

Inflation rate shows marginal fall in December according to latest figures in Spain

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 the National Statistics Institute. Inflation fell by more

29 Jun, 2023 @ 13:30

Business & Finance·Lead·National News

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 comes as the Olive Press reported on

22 Jun, 2023 @ 10:42

Business & Finance·European Union·Lead·National News

Vodafone Spain is sold to British firm for £4.4billion

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, according to Spanish media reports. Spain, which comprises

21 Jun, 2023 @ 17:15

Business & Finance·Lead·National News

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 already satisfied environmental impact tests and will

20 Jun, 2023 @ 11:15

Alicante·Business & Finance·Environment·Lead·Valencia·Valencian Community

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 Ministry of Agriculture, Fisheries, and Food in

19 Jun, 2023 @ 16:05

Business & Finance·Food & Drink·Lead·National News

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 from Economy Minister, Nadia Calvino, speaking at

19 Jun, 2023 @ 14:35

Lead·National News

Major retailer in Spain- El Corte Ingles Group- reports massive net profit rise in 2022

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 net profits rising seven-fold to €870 million. The

17 Jun, 2023 @ 11:15

Business & Finance·Lead·National News

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 in the islands spend €215 a year

15 Jun, 2023 @ 16:30

Balearic Islands·Business & Finance·Mallorca

Elon Musk's Tesla eyeing up massive Valencia deal in Spain

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 Reuters news agency and business newspaper Cinco

9 Jun, 2023 @ 09:15

Business & Finance·Lead·Premium·Valencia·Valencian Community

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 the Levante newspaper suggest that the investment

8 Jun, 2023 @ 10:30

Business & Finance·Lead·Valencia·Valencian Community

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 month. The Institute of National Statistics said on

30 May, 2023 @ 11:19

Lead

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 told both passengers that the box containing

20 May, 2023 @ 12:00

Balearic Islands·Business & Finance·Lead·Mallorca·Other News·Travel News

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 investment of €24.4 billion. Speaking at a Forum

19 May, 2023 @ 14:15

Castellon·Costa Blanca·Lead·Politics·Premium·Valencia·Valencian Community

Riacrdo Arranz Photo By Villa Padierna Wikimedia Commons

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 understood to begin this summer after a

11 May, 2023 @ 17:15

Business & Finance·Marbella·Travel Andalucia

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 and trade unions. The CEPYME and CEOE employers

10 May, 2023 @ 18:30

Lead·Madrid·National News

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 la Reina. The structure, however, will require some

10 May, 2023 @ 13:30

Business & Finance·Lead·National News·Politics·Technology

Road hauliers desperate for 2,000 extra drivers in Spain's Costa Blanca and Valencia areas

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 issue is ‘paralysing operations’ and estimates 1,000

2 May, 2023 @ 17:15

Castellon·Costa Blanca·Lead·Valencia·Valencian Community

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 rail passenger market by refusing to supply all

28 Apr, 2023 @ 14:15

Business & Finance·European Union·Lead·National News

Deutsche Telekom Announces New It Centre At Its Existing Base In Spain's Valencia

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 German centre to open in Spain after

27 Apr, 2023 @ 10:30

Business & Finance·Lead·Valencia·Valencian Community

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