Tag: economy
Pedro Sanchez promises ‘immediate’ minimum wage rise for workers in Spain
SPAIN'S government is looking for an 'immediate' increase in the minimum wage to protect workers from rises in inflation. Prime Minister, Pedro Sanchez, made the...
Spain’s Valencia is bang on the money
THINGS are looking up for the economy of the Valencia region. Two developments have hit the headlines just days apart from each other that suggest...
EU COVID-19 recovery money starts to pour into Spain for new green projects
SPAIN has received its first payout from the EU COVID Recovery Fund. The country has been transferred €9 billion of its €69.5 billion allocation. The money...
Spanish town with just seven residents stages 10th edition of ‘smallest film festival in the world’
THERE may only be seven registered inhabitants in the small village of Ascaso, Huesca, but that hasn’t stopped it from putting on an annual...
Spain’s strong economic growth helps Eurozone out of Covid-related double-dip recession
SPAIN’S own economic growth after the worst of the Covid-19 pandemic has helped the eurozone out of a recession. The EU group of 19 countries...
WORRYING: Andalucia has third lowest average income per person in Spain, while northern Spain tops list
ANDALUCIA has the third lowest average yearly income per person in the whole of Spain according to official figures from the INE. A survey...
Malaga tourism chief targets UK market to help revive battered sector’s recovery after COVID-19
A TOURISM chief has outlined the steps she thinks must be taken in order for the sector to recover in Malaga. Tourism and Promotion councillor...
Spanish PM unveils “the most ambitious and transcendental plan in the economic history of Spain”
SPAIN'S Prime Minister has outlined his Recovery and Resilience plan for the nation aiming to revive and modernise its economy using €72 billion in...
ERTE: Spain extends furlough scheme beyond May 31
THE Spanish government has extended its ERTE furlough scheme yet again to provide help for businesses struggling during the Covid-19 pandemic. The Labour Minister Yolanda...
Local business owners in Spain’s Mallorca demand longer opening hours in restaurants after current measures ‘cover just 30% of...
Faced with mounting debts acquired during the coronavirus pandemic, business unions have appealed to the Balearic government to 're-consider their current measures'
Spain’s Andalucia to approve €1,000 grants for small businesses and self-employed workers affected by recent COVID-19 restrictions
THE Junta is set to approve €1,000 grants for the self-employed and workers most affected by recent COVID-19 restrictions. The Andalucian government plans to give...
Revealed: Five richest people in Spain’s Andalucia according to new Forbes list
Among the names, what prevails among the richest people in Spain are not the singers or well-known celebrities, but the country's businessmen, investors and great industrialists
Full speed ahead for Port of Valencia on the Costa Blanca
VALENCIA port has emerged as Spain’s number one port for connectivity and business, says a UN survey of the world’s commercial ports. And it emerged...
Spain’s Andalucia, among the EU regions hardest hit economically due to COVID-19
The most socially and economically hard-hit regions are those that were under strict lockdown measures for the longest period and not necessarily those with the highest death rates or most cases detected, report finds.
Grim outlook on Spain’s road to economic recovery from coronavirus crisis
SPAIN’S economy is in danger of lagging behind the main advanced economies in Europe in recovering from the coronavirus crisis. According to the Organisation for...
Electric vehicles to get €35 million boost as thousands of charging points to be installed across Spain
The pair will inject €35 million into the scheme which will see the installation of 8,500 electric vehicle charging points across the country
Spain’s Airbus workers to strike after news of 1,600 job cuts post COVID-19
The European plane manufacturer announced last week that it will cull 15,000 jobs worldwide - 1,600 of them in Spain
Spain will be worst hit first world country by coronavirus crisis, according to IMF
SPAIN will be the worst hit first world country, economically, due to the coronavirus crisis, the IMF has said.
Bank of Spain estimates the economy will shrink by up to 15% due to coronavirus crisis
THE Bank of Spain has estimated that the economy will shrink by 15% due to the coronavirus crisis.
Ryanair slams rival airline handouts as it records €1 billion profit pre-COVID-19
LEADING budget airline Ryanair has recorded profits of €1 billion during the 2019 financial year. This marks an increase of €117 million on 2018, according...
Andalusian economy predicted to shrink by up to 11.5% following the coronavirus crisis
THE Andalucian economy is predicted to contract by up to 11.5%, a new study has found.
IN NUMBERS: How Spain’s economy will shrink by unprecedented 9.2% this year due to coronavirus crisis as government hopes...
SPAIN’S economy will shrink by 9.2% this year. That’s the gloomy forecast made by the government this week, representing a significantly bleaker outlook than the...
Mercadona sees profits drop 95% in March during Spain’s COVID-19 crisis
MERCADONA has recorded losses of nearly 95% in March, it claims are due the coronavirus crisis. The supermarket giant insists the slump is due to...
Saxo Bank Chief Economist Steen Jakobsen to answer crucial questions on Spain’s economy at free Marbella seminar
He regularly appears as an economics pundit on Bloomberg News and CNBC, commenting on the latest international financial developments
Spain is still THE place to go following a successful January to July season – after all, 78 million...
Tourists in July were on average spending €150 a day, 4.9% more than they were at the same time last year
Expect Spain’s property prices to plateau and ‘sustainable’ to become the buzzword for buyers, writes Adam Neale
The market’s appetite for sleek white villas and apartments appears to be slowly cooling but homebuyers continue to look for innovations in style, comfort, economy and, in particular, sustainability
LATEST NEWS FROM THE OLIVE PRESS
Costa Blanca mayors get court summons over COVID-19 vaccine queue-jumping incident in Spain
A Denia judge has summoned the mayors of El Verger and Els Poblets, Ximo Coll and Carolina Vives, to give evidence over COVID-19 vaccine...
