economy - Olive Press News Spain

Spain’s economy will grow at more than double the rate of other European countries this year, according to the IMF

SPAIN’S economic growth this year has been predicted to be better than its European neighbours according to the International Monetary Fund(IMF). The IMF has raised its 2024 Gross Domestic Product(GDP) growth forecast

17 Apr, 2024 @ 11:14

Economy·Lead·National News

Central European Bank leaves interest rates at 4.5% after inflation slows down - ahead of expected cuts in June

European Central Bank leaves interest rates at 4.5% after inflation slows down – ahead of expected cuts in June

THE European Central Bank(ECB) has left interest rates unchanged at 4.5%, as had been widely expected. Economists believe that with lower inflation, the ECB will make a cut in June from the

11 Apr, 2024 @ 17:20

Economy·European Union·Lead

Where are Brits and other foreigners buying property in Spain? New data reveals the hottest locations

Real estate agents say scrapping of Golden Visa will cause ‘irreparable’ economic damage to Spain’s Costa Blanca

‘IRREPARABLE’ damage will be done to the real estate sector and tourism on the Costa Blanca if the government abolishes the so-called Golden Visa. That’s the view of the Alicante Real Estate

10 Apr, 2024 @ 16:00

Alicante·Costa Blanca·Economy·Lead·Other News·Property·Valencian Community

Spain will be the fastest growing economy out of the EU's 'big four' over the next two years, says Brussels - outpacing Germany, France and Italy

Households became wealthier in 2023 despite economic situation, according to Bank of Spain

FAMILIES in Spain became over 9% wealthier last year despite high inflation and interest rates, according to a Bank of Spain study. The conclusion is reached by measuring the difference between savings

10 Apr, 2024 @ 10:45

Economy·Lead·National News·Other News

Spain's November jobless total is lowest for the month since 2007

Spain boasts lowest unemployment figures for March since 2008: Easter holidays give boost to jobs

SPAIN has recorded its lowest March jobless total since 2008, with 2.7 million people registered as unemployed. That’s a fall of 33,405 compared to March, boosted by workers being taken on by

2 Apr, 2024 @ 10:45

Economy·Lead·National News·Other News

Economic impact of drought is laid bare: Andalucia to grow less than the rest of Spain due to affected industries, study says

ANDALUCIA’S economy is predicted to grow slower compared to other Spanish regions this year, with a study suggesting that the drought is to blame. The region’s will grow by 1.7% in 2024,

29 Mar, 2024 @ 11:15

Andalucia·Economy·Lead

Revealed: The three least developed regions in Spain – according to an EU report

ANDALUCIA, Castilla-La Mancha and Extremadura are the three least economically developed regions of Spain according to a European Union study. All of the areas have their Gross Domestic Product per head below

28 Mar, 2024 @ 13:12

Economy·European Union·Lead·National News·Other News

Power prices take inflation in Spain to 13-year-high as government is unhappy with the EU

Inflation in Spain increases in March following rise in VAT charges for electricity

A RISE in VAT rates on electricity bills is behind a rise in Spain’s inflation rate to 3.2% in March. The provisional figure from the National Institute of Statistics issued on Wednesday

27 Mar, 2024 @ 13:00

Economy·Lead·National News·Other News

Spain's fashion giant Inditex owner of brands like Zara announces record profits

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 30% on 2022- while revenues reached a

14 Mar, 2024 @ 11:11

Lead·National News·Other News

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 consumption fell by 1.4% last year- the

6 Mar, 2024 @ 09:46

Economy·Lead·National News·Other News

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

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 2,760,408 people were out of work last

4 Mar, 2024 @ 20:00

Economy·Lead·National News·Other News

Spain's annual inflation rate goes down to 7.3% in October

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 and is the lowest inflation number in

29 Feb, 2024 @ 09:48

Economy·Lead·National News·Other News

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 the Top 30 list of Spain’s most valuable

27 Feb, 2024 @ 12:21

Lead·National News·Other News

Supermarkets in Food shopping basket purchases drop by 9% over a year in Spain

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 was introduced by the government at the

25 Feb, 2024 @ 13:00

Economy·Lead·National News·Other News

Spain has the worst child poverty record in the EU - but fares better than the UK

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 youngsters in the country – living in households

19 Feb, 2024 @ 14:44

Lead

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

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 local merchants association, Apymeco. The plan’s first

14 Feb, 2024 @ 10:20

Business & Finance·Costa Blanca·Economy·Lead·Other News·Torrevieja·Valencian Community

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

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 the cost of monthly repayments for millions of

4 Feb, 2024 @ 10:45

Economy·Lead

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

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 much as €4.5 billion this year alone. That

4 Feb, 2024 @ 09:56

Andalucia·Economy·Lead

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 588 employees will lose their jobs. The

28 Jan, 2024 @ 10:15

Business & Finance·Economy·Lead·National News·Other News

Food-flation in Spain: How shoppers are turning to supermarket own brands to keep their costs down – as Carrefour reduces prices on 500 of its products

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 Consum were the main beneficiaries of the

25 Jan, 2024 @ 17:00

Economy·Lead·National News·Other News

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

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 study, up to 60% of employment in

16 Jan, 2024 @ 14:31

Economy·Lead·Technology

Squatter occupies flat on Spain's Costa Blanca and gets surprise visit from dead owner

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

JUST 16% of young Spaniards aged between 16 and 30 years old have managed to move out of their parents’ home, compared to the European average of 32%. That’s according to the

16 Jan, 2024 @ 14:02

Economy·Lead

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

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 with the notable exception of olive oil,

12 Jan, 2024 @ 17:15

Lead·National News

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 27,375 on the November total. By sectors,

7 Jan, 2024 @ 12:00

Lead·National News

Spain's new economy minister announced and is instantly sworn in by King Felipe

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 Friday. He replaces Nadia Calviño who was appointed

29 Dec, 2023 @ 16:52

Lead·Madrid·Politics

Inflation rate shows marginal fall in December according to latest figures in Spain

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 Institute. Inflation fell by 0.1% compared to November’s

29 Dec, 2023 @ 11:22

Lead·National News