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Tag: economy
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...
New mortgages slump as real estate market continues to slow down in Spain
THE NUMBER of new property mortgages fell by 15.7% in March compared to a year earlier according to figures from the National Statistics Institute(INE).
36,182...
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...
Food inflation in Spain slows down by nearly 4% in April
FOOD INFLATION in Spain was 12.9% in April compared to prices a year earlier, according to data published on Friday by the National Institute...
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...
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...
Inflation is what people worry about most in Spain- says survey
THE regular monthly 40dB barometer public opinion survey conducted for the El Pais newspaper and SER radio puts inflation as the biggest concern for...
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 is largest ‘eurozone’ country with biggest ‘real wage’ fall in 2022
SPANISH workers suffered the most of any large Eurozone country as their real wages got hit by high inflation in 2022.
The Organisation for Economic...
Percentage of Spaniards at risk of poverty or social exclusion falls two points to 26%
THE PERCENTAGE of Spain’s population that is at risk of poverty or social exclusion fell by nearly two points in 2022 to 26%. That’s...
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...
High inflation is stunting growth for Spain’s food sector
HIGH food inflation is stunting the growth of Spain's food sector according to a report published on Tuesday by the country's Federation of Food...
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...
Mercadona to lower the price of 500 products until the end of the year
Mercadona has decided to slash the prices of 500 daily products from this April until the end of the year.
The Spanish supermarket giant intends...
All change? European Commission comes ever closer to scrapping one- and two-euro-cent coins
THE DAYS OF sorting through near-useless one- and two-euro-cent coins among your change could soon be over in Spain and the rest of the...
Spain’s inflation rate tumbles to lowest figure since 2021
SPAIN'S inflation rate in March clocked in at 3.3% according to preliminary figures from the National Statistics Institute issued on Thursday.
That's down on February's...
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...
Balearic islands set to be region with highest economic growth in Spain this year
The Balearic Islands will be the region with the highest economic growth in Spain this year, according to new research.
National bank BBVA made estimates...
Spain’s economy grew by 5.5% in 2022, surpassing government forecast
SPAIN'S economy grew by 5.5% last year- the same rate as in 2021- according to figures released by the National Statistics Institute(INE) on Friday.
The...
Bank of Spain forecasts double-digit food inflation rate to continue for rest of 2023
THE Bank of Spain has offered little respite to food shoppers with its prediction on Wednesday that double-digit food inflation will continue for the...
Spain’s King and Prime Minister herald start of construction of new electric car battery factory in Valencia
VOLKSWAGEN'S electric car battery company PowerCo has started construction on its new plant at Sagunto in Valencia province which will become operational in 2026.
The...
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...
Food inflation in Spain reaches record levels despite January tax cuts
FOOD and non-alcoholic beverages rose in February by 16.6% over 12 months- 1.2% higher than in January.
The food inflation rate, according to the National...
Spain’s Andalucia seeks to attract long-haul tourism with cultural and sporting events and improved air connections
ANDALUCIA plans more than 40 actions in 2023 to make headway in distant markets.
Southern Spain is committed to offering a host of cultural and...
February’s unemployment figures in Spain stay virtually unchanged
THE number of people registering as unemployed in Spain rose by just 0.1% in February compared to a month earlier, according to Labour Ministry...
ECB boss brings little cheer for people in Spain on variable-rate mortgages
THE president of the European Central Bank(ECB) has offered little respite for over four-million households in Spain that are struggling to pay their variable-rate...
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Snap elections prompt German lawmakers to cancel trip to Spain’s Doñana National Park
THE SNAP general election that has been called for July 23 continues to have unexpected consequences. On Monday, a group of German lawmakers opted...
