Inflation rate in Spain unexpectedly rises to 8.7%
INFLATION rose in May after falling in April, according to figures from the National Institute of Statistics(INE). Advanced data showed May’s Consumer Price Index(CPI) at
Spain’s annual food shopping bill predicted to rise by average of €200 this year
ANNUAL food shopping basket costs are expected to rise by €200 in Spain this year according to the latest Allianz European Food Inflation report. The
Spain splashing out over €12 billion to develop micro chip sector over next five years
SPAIN’S cabinet has approved plans to spend €12.25 billion over five years in developing the country’s micro chip and semi-conductor sector. The investment has gone
Businesses will get public money to introduce four-day working week in Spain’s Valencia region
GRANTS of up to €200,000 per company will be offered as an incentive for Valencian Community businesses to move some of their staff onto a
Spain’s annual inflation rate falls more than expected due to lower fuel prices but food costs rise
SPAIN’S annual inflation rate dropped to 8.4% in April according to figures published on Thursday by the National Statistics Institute(INE). The 1.4% drop on the
Wind of change: Two sides of the ecologist movement clash as Spain debates renewable energy
OUCH! Another electric bill arrived today as more evidence of the skyrocketing price of energy. Electricity costs have quadrupled – yes quadrupled! – from February
Spain’s low cost high-speed train war hots up as new operator Iryo brings forward launch.
SPAIN’S low cost high-speed train war goes up an extra gear in November as Italian-Spanish owned firm Ilsa launches its service. The company, under the
Pedro Sanchez announces €11 billion investment for Spain’s microchip and semiconductor sector
SPAIN’S government is planning to invest €11 billion in the country’s microchip and semiconductor sectors. Speaking at Monday’s ‘Wake Up Spain’ economic forum in Madrid,
Energy giant Cepsa to transform 3,000 petrol stations in Spain under €8 billion ‘green plan’
SPANISH energy company Cepsa will spend €8 billion in a shift to using low-carbon energy sources by 2030. The plan is for half the firm’s
Spain’s inflation rate surges to 9.8%- highest figure since 1985
INFLATION in Spain has soared to 9.8% in March- the highest rate since May 1985, according to figures from the National Statistics Institute(INE). The rate
Costa Blanca start-ups grow algae that doesn’t pollute water with nitrates as in case of Spain’s Mar Menor lagoon
TWO new Alicante companies have joined forces to cultivate algae that stops nitrate pollution in water, as infamously seen over recent years at Murcia’s Mar
Industrial production prices in Spain soar by over 40% in February in biggest rise since records began
INDUSTRIAL production prices in Spain notched up a record annual rate for the fifth successive month in February according to figures released on Friday by
New home buyers on Spain’s Costa Blanca hit with shock news due to high raw material prices
ESCALATING raw material costs are causing some Costa Blanca builders to pause new projects as they are financially unviable. The Alicante Province Real Estate Developers
Car giant Volkswagen to produce electric car batteries at new site in Spain’s Valencia area
VOLKSWAGEN’S car battery cell plant in Spain will be located in Sagunto, 30 kilometres north of Valencia City. The factory, costing around €7 billion to
Danone to suspend food production in Spain ‘within 24 hours’ as truckers strike disrupts dairy supplies
FOOD manufacturer Danone is to suspend production at its Spanish plants ‘within 24 hours’ as the unofficial nationwide truckers strike continues to bite. Danone employs
Deliveroo leaves Spain after losing €23 million in two years
FOOD delivery service Deliveroo has announced it will cease operating in Spain citing huge economic losses since the start of the pandemic. The company reported
Striking lorry divers in Spain face police clampdown over violent picketing
SPAIN’S government is mobilising over 15,000 police officers to crack down on violent pickets among striking truck drivers. Protests this week have seen drivers block
Spain suspends Golden Visas for Russian citizens wanting to buy residency
RUSSIAN nationals have been barred from getting Spanish residency permits under the Golden Visa scheme. Spain’s Foreign Minister, Jose Manuel Albares, has ordered the suspension
Spanish fashion retailer Inditex known for brands like Zara and Bershka says prices will rise by 2%
SPANISH fashion giant Inditex says prices will go up by 2% across its domestic stores this spring and summer due to inflation. Inditex, who are
Spanish supermarket giant Mercadona criticises panic-buyers and hoarders following sunflower oil clampdown
MAJOR Spanish supermarket chain Mercadona has appealed to customers to stop panic-buying and hoarding. Reporting a €47 million fall in profits last year, Mercadona president,
Repsol and Telefonica join forces to sell and install solar energy panels in Spain
TWO of Spain’s best-known and biggest companies are to set up a solar panel venture for homes and businesses. Oil giant Repsol and telecoms provider
Oil giant Repsol is constructing Spain’s first advanced biofuel plant in Murcia region
CONSTRUCTION of Spain’s first advanced biofuel plant has started in the Cartagena area of Murcia. The €200 million project is being undertaken by Repsol at
Orange and MasMovil announce merger plans to create biggest mobile operator in Spain
ORANGE and MasMovil have formally announced their intention to merge their businesses in Spain. It would make them the largest mobile/telecoms operator in the country
Nationwide survey reveals ‘most-valued’ and cheapest supermarkets in Spain
HIPERCOR owned by department store chain El Corte Ingles has been ranked as Spain’s ‘most-valued’ national supermarket retailer. The verdict comes in a customer survey
Struggling Dia supermarket chain in Spain unfazed by EU blacklist of Russian oligarch owner
SPAIN’S Dia supermarket chain says its business as usual despite its key figure getting onto an EU Russian oligarch blacklist in wake of the invasion
Spain’s inflation rate soars with effects of Russian sanctions still to bite
SPAIN has recorded its biggest annual inflation hike since 1989 according to figures released on Monday by the National Statistics Institute(INE). Preliminary numbers for February