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 clothesÂ
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
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
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
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
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
Spain probes electricity companies over hiking up low prices for French buyers
SPAIN is investigating 35 electricity companies over allegedly selling cheap power at hiked prices to French buyers. The probe has been launched by Spain’s competition
Spain based car rental company starts implementing 32-hour working week
Spain-based car hiring company Wiber rent a car has introduced a 32-hour working week across all its offices in the country. The company has offices
Spain’s Cepsa announces largest second generation biofuels plant in Europe to open in Andalucia
OIL company Cepsa has formed a joint venture to set up a large-scale biofuels plant in Andalucia. Cepsa and Bio-Oils, who process vegetable oils, have
Shareholders back controversial move by infrastructure giant Ferrovial to take head office from Spain to the Netherlands
SHAREHOLDERS of infrastructure group Ferrovial voted on Thursday in favour of the company’s controversial plan to move its holding company to the Netherlands. The announcement
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