Tag: economy
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...
Spain poised to allow unvaccinated tourists from outside EU (including UK) if they have negative test
SPAIN is preparing to lift the ban on unvaccinated tourists visiting from outside the EU and allow them entry if they have a negative...
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...
Spain’s government rubber-stamps energy price cap which needs European Commission sign-off
SPAIN'S Council of Ministers formally approved a price cap on Friday that limits gas prices used to produce electricity.
The 12-month concession granted by the...
Spain threatens oil companies as filling station prices continue to spiral upward
SPAIN'S Finance Minister, Nadia Calviño, has blasted a warning to oil companies who are hiking petrol pump prices despite a 20 cent per litre...
Landmark figure achieved of 20 million people working in Spain, according to government statistics
A record 20 million people are in work according to Spain's social security figures released on Wednesday.
It's the first time that the much-vaunted 20...
Pedro Sanchez wins knife-edge vote in Spain’s parliament for big economic recovery package
SPAIN'S Prime Minister, Pedro Sanchez, won a nail-biting vote in Congress on Thursday to secure a massive spending package of €16 billion to boost...
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...
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...
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...
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...
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...
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...
Russian invasion of the Ukraine described as ‘terrible blow’ to economic recovery of Spain’s Costa Blanca and Valencia areas
VALENCIAN Community president, Ximo Puig, has branded Thursday's invasion of the Ukraine by Russia as a 'terrible blow' to the recovery of the region's...
Spain’s annual inflation rate falls for first time since February 2021
INFLATION in Spain fell in January according to figures produced on Monday by the National Statistics Institute(INE).
The INE says that January's rate was 6%...
Spain announces its best job figures since banking crisis of 2008
SPAIN has announced the highest number of people in work since the 2008 banking crisis.
Over 20 million people are employed with 840,700 new jobs...
Pedro Sanchez says Spain’s creating ‘quality jobs’ as unemployment tumbles in 17-year record fall
SPAIN created 782,232 new jobs in 2021 in the biggest annual fall in registered jobless since 1995.
December's figures from the Labour Ministry saw 76,782...
Year of decision beckons for Spain’s Prime Minister, Pedro Sanchez
Is Prime Minister Pedro Sanchez enjoying a New Year's Day glass of cava as he mulls calling an early General Election in 2022?
The leader...
Christmas bonus for every Benidorm resident on Spain’s Costa Blanca
BENIDORM residents can get a €50 discount on city shopping until the end of the year.
The 'BenidormTeDaMas' scheme allows anybody aged 18 and over...
Spain reaches the highest ‘misery index’ in Europe
LIFE in Spain has often been considered a laid-back, sun-drenched alternative to gloomier spots on the continent.
But in recent years, economic woes have cast...
Food price rises take Spain’s inflation rate to levels not seen since 1992
RISING food and fuel prices have rocketed Spain's inflation rate to its highest figure an almost three decades.
Inflation stands at 5.6% up by 0.2%...
Pedro Sanchez gets his 2022 budget plans passed in Spain’s lower house of parliament
PRIME Minister, Pedro Sanchez, has seen his draft budget for 2022 approved by Spain's lower house of parliament.
Thursday's Congress vote was a success for...
IN PICS: Why angry workers are taking to the streets in Cadiz in southern Spain
ANGRY protests have become a daily occurance in Spain’s southern city of Cadiz in recent days as workers take to the streets to demand...
Spain signs up for first grab of European Union’s COVID recovery money
Spain has become the first European Union country to officially apply for a first €10 billion instalment of the Union's COVID recovery fund.
This follows...
Inflation soars to highest level in Spain for 29 years due to rising fuel prices
INFLATION skyrocketed to an annual 5.4% rise in October according to Spain's National Institute of Statistics(INE).
It's the highest level in 29 years and is...
LATEST NEWS FROM THE OLIVE PRESS
British paedophile teacher handed 138 year jail sentence in Spain after changing his name by deed poll to continue...
A BRITISH paedophile who changed his name by deed poll and forged legal documents to find work as a teacher in Spain so he...
