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 for
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 Economista.
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 Annual
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 plus
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 pandemic.
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 the
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, according
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 net
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 month.
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 investment
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 and