Colombian cafe chain opening ‘flagship’ store in Madrid with more outlets coming to Spain
COLOMBIAN cafe chain Juan Valdez will be opening a ‘flagship’ shop in Madrid as part of its plans to open over 100 outlets across Spain
Iberian conquest: A little-known Israeli hotel chain has acquired eight new hotels in Spain in a year
IT has been something of a silent takeover. But in just seven years an ambitious Israeli group has acquired 17 hotels in Spain. In the
Loyalty rewarded: Honorary British Consul Mark Petrie awarded MBE
MARK Petrie moved to Spain when he was just 11 years old and opened his first business here in 1977. Today he counts on hundreds
Firms in Spain see business volume nearly double in 2022, despite tensions in the economy
SPANISH companies nearly doubled their business volume in 2022 compared to the year before, thanks in large part to the energy sector. This is despite
Top companies in Spain by region
Datacentric has updated its annual ranking of the top companies in each of the 50 Spanish provinces and two autonomous cities. It uses a methodology
Spain’s fashion giant Inditex owner of brands like Zara announces record profits
SPAIN’S Inditex- the world’s biggest fashion retailer- posted a 27% rise in net profits last year as sales exceeded pre-pandemic levels. Net income soared to
Mercadona supermarket chain in Spain reports 5% rise in profits
SPAIN’S market-leading supermarket Mercadona reported a 5% rise in profits last year as consumers had to deal with increased prices. The company made €718 million
REVEALED: Where UK businesses are investing the most in Spain
THE Madrid region was the most popular part of Spain for British investment during the first nine months of 2022 according to figures produced by
Valencia’s Air Nostrum in Spain and Ireland’s CityJet get EU merger approval for second time
VALENCIA’S Air Nostrum has been given the green light to merger with Ireland’s CityJet to form Europe’s largest regional airline. It’s the second time that
Spain’s airport operator returns to making a profit for first time since pandemic
SPAIN’S airport operator Aena recorded an annual net profit in 2022 for the first time since the Covid-19 pandemic struck in 2020. The firm that
Travelodge budget hotel chain plans major expansion across Spain
UK low-cost hotel chain Travelodge says it wants to expand its portfolio in Spain after announcing an acquisition in Madrid. Travelodge has 570 outlets in
Mallorca’s plans to reduce visitors this summer crashes head first into airline plans to fly 30 million people to the islandÂ
Airlines are planning for a blockbuster 30 million passengers to visit Mallorca this summer, smashing the pre-Covid record set in 2019 by one million. They
Spain’s power company Iberdrola reports record international profits but suffers 19% domestic fall
POWER firm Iberdrola reported a record annual net profit of €4.3 billion last year across the globe but its domestic operation in Spain saw a
Spain’s new windfall tax on banks and energy companies could raise more money than predicted
A new windfall tax on excess profits made by banks and energy companies in Spain could net more than the €3 billion forecast for this
Spain’s Repsol oil company announces record investments and net profit of €4.2 billion in 2022
SPAIN’S biggest oil company, Repsol, has announced plans for a record number of investments after reporting a net annual profit of €4.2 billion last year.
Construction work starts on new €50 million data centre in Spain’s Valencia region
MEXICAN information technology company Kio will open the Valencian Community’s biggest data centre before the end of the year. The centre costing €50 million will
Spanish government agrees to increase minimum wage by 8% for 2023
The Spanish government has decided to increase the minimum wage by 8% for 2023. The raise will mean about 2.5 million low/salary workers will receive
AI-based mobile phone car number plate reader created by Costa Blanca company in Spain
AN Elche company has created an artificial intelligence device that can convert smartphones into car licence plate readers, which could be used by police to
Mercadona supermarkets in Spain spending €60 million on solar panels for stores
THE Mercadona supermarket chain is to spend €60 million on installing solar roof panels at its stores in Spain this year. Renewable energy currently powers
Largest number of companies in Spain for 27 years ceased trading in 2022
THE state of the economy in the wake of the Ukraine war and the post-pandemic period contributed to the highest number of Spanish companies folding
Spain’s top banks are rolling in cash after bumper 2022 profits
SPAIN’S biggest banks- Santander, BBVA, CaixaBank, Sabadell, Unicaja Banco and Bankinter- clocked up record profits in 2022 according to a survey from the Noevantas consultancy.
Unions say Zara owner Inditex has agreed big wage increase for shop workers in Spain
SPAIN’S leading fashion group Inditex has struck a deal with two unions which will see salaries of store workers rise by an average of 20%.
Spain’s Dia supermarkets hook up with Just Eat for home grocery deliveries
SPAIN’S Dia supermarket chain has gone into partnership with Just Eat to deliver its grocery and convenience goods to homes. The initiative will initially see
Freeze mortgage rates, says Spain’s labour minister after BBVA posts record profits
SPAIN’S deputy prime minister and labour minister, Yolanda Diaz, on Wednesday called on the banking sector to freeze mortgage interest rates and curb its profits
Spain raises minimum wage, in move that could benefit 2.5 million people
SPANISH Prime Minister Pedro Sánchez announced on Tuesday that his government would once again raise the national minimum wage, the fifth time his Socialist Party-led
Borrowers in Spain face rising mortgage repayments as Euribor shoots upÂ
RESIDENTS of Spain could see their mortgage payments increase soon thanks to the ongoing rise of the 12-month Euribor. The rate is the most commonly