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Spain’s fashion giant Inditex- owners of Zara- reports record profits in 2023

FASHION chain Inditex- owners of branded stores like Zara- reported record profits last year. The Spanish company achieved a net profit of €5.3 billion- up...

Bars and restaurants in Spain see drink sales plummet after rising prices

BAR and restaurant customers are buying fewer drinks because of high prices according to a study by market analysts NielsenIQ. The firm says that beverage...

Spain posts lowest February unemployment rate since 2008

SPAIN'S jobless total for February was the lowest for the second month of the year since 2008. The Ministry of Labour said on Monday that...

Inflation falls below 3% mark in Spain due to lower electricity prices

LOWER energy prices played a big part in Spain's provisional inflation rate for February dropping to 2.8%. That's a fall of 0.6% from January's figure...

These are the most valuable brands from Spain: Zara tops the list with a whopping €14.7billion

ZARA, the flagship fashion brand of the Inditex group, closed 2023 with a value of €14.7 billion and for the fourth successive time heads...

Supermarkets in Spain to be probed for ‘not lowering prices for customers despite receiving tax cuts’

SPAIN'S supermarkets are to be investigated over whether they have been ripping off customers over VAT cuts on essential foods and basic goods. The reduction...

Spain has the highest child poverty rate in the European Union, says latest Unicef report

SPAIN has the highest child poverty rate in the European Union, with more than two million children – 28% of the total number of...

This expat hotspot on the Costa Blanca wants to become Spain’s first ‘crypto-friendly’ city – but what does that...

TORREVIEJA has unveiled plans to become Spain's first cryptocurrency-friendly city. The Costa Blanca resort hopes to achieve that goal through an initiative launched by the...

Have a mortgage in Spain? This is when your repayments will go down this year, according to the national...

AMONG the many factors that have contributed to the recent cost-of-living crisis in Spain is the rise in interest rates, which has jacked up...

Drought will cost Spain’s Andalucia €4.5 BILLION this year: The Junta’s stark warning as it asks the EU for...

THE ongoing lack of rainfall in Spain’s Andalusia is having a serious effect on the southern region’s economy, and is likely to cost as...

Inflation spikes in Spain due to increased electricity costs – but remains lower compared to a year ago

SPAIN'S inflation rate went up by 0.2% in January to reach an annual figure of 3.5%- mainly due to increased VAT charges on electricity...

H&M to close a QUARTER of its stores in Spain

FASHION retailer H&M has announced plans on Friday to close more than a quarter of its shops in Spain. The Swedish-owned business says up to...

Food-flation in Spain: How shoppers are turning to supermarket own brands to keep their costs down – as Carrefour...

SHOPPERS in Spain spent €117 billion last year on basic foods and goods with more of them turning to supermarket 'own' brands. Mercadona, Lidl, and...

Spain’s black economy is laid bare: How fake goods lose the country €1.5bn each year and cost 15,000 jobs

THE TRADE in counterfeit goods is depriving legal businesses of €1.5 billion annually plus over 15,000 jobs according to the European Intellectual Property Office...

How AI threatens up to 60% of jobs in Spain and other advanced economies, according to stark warning from...

THE International Monetary Fund (IMF) has issued an alarming warning about the potential impact of artificial intelligence (AI) on jobs. According to a recent IMF...

Spain’s stay-at-home generation: Just 16% of 16- to 30-year-olds in the country have managed to move out of their...

JUST 16% of young Spaniards aged between 16 and 30 years old have managed to move out of their parents’ home, compared to the...

Food inflation in Spain: Prices at supermarkets grew by more than 7% last month – but rate of increase...

SPAIN'S inflation rate for December 2023 was confirmed at 3.1%, confirming advanced figures released by the National Institute of Statistics(INE) on Friday. Crucially food inflation...

Spain’s unemployment rate in December was the lowest since 2007, new figures show

SPAIN'S December jobless total was the lowest since 2007 according to government figures released on Wednesday. Unemployment last month stood at 2.7 million- down by...

Spain’s new economy minister is named by Pedro Sanchez and gets sworn in by King Felipe

ECONOMIST and civil servant Carlos Cuerpo has been sworn in as Spain's new economy and trade minister by King Felipe at a ceremony on...

Spain’s inflation rate shows marginal December fall according to latest figures

THE RATE of annual inflation in Spain held steady in December hitting 3.1% according to provisional figures published on Friday by the National Statistics...

Cheap transport, a ban on evictions and subsidised energy bills: Spain’s government set to extend cost-of-living measures into 2024

SPAIN’S leftist government is poised to extend some cost-of-living measures well into 2024, rather than letting them expire on December 31 as had previously...

Spain records highest employment rate for November since 2007 in positive sign for the economy

SPAIN'S unemployment total fell by 24,573 in November with 2.73 million people out of work- the lowest figure for the month since 2007. It's only...

Inflation rate in Spain fell to 3.2% in November, latest figures reveal

SPAIN'S inflation rate fell to 3.2% in November as a result of lower fuel prices and cheaper holiday packages, according to preliminary figures released...

Inflation in Spain stays at 3.5%: Cost of living crisis continues to hit households but surge in food prices...

INFLATION rose by 3.5% in October- the same rate as in September, according to the National Statistics Institute (INE) on Tuesday. Falls in fuel prices...

Fuel prices pump up inflation rate to 2.6% in Spain

AUGUST'S inflation rate in Spain reported an annual rise of 2.6%, according to preliminary figures from the National Statistics Institute (INE) published on Wednesday. The...

Food in Spain is over 10% more expensive than a year ago despite the country’s low inflation compared to...

FOOD and soft drinks in Spain are 10.8% more expensive than a year ago, according to the Spanish National Institute of Statistics (INE).  Despite Spain...

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