Tag: economy
Exports in Spain’s Malaga achieve record figure in first seven months of 2022
MALAGA exports has reached €1,636 million in the first seven months of 2022—a record figure for this period.
Between the start of January and end...
Tourist spending in Spain finally returns to pre-pandemic levels
SPENDING by international tourists in Spain has finally returned to pre-pandemic levels, with the latest figures published by the National Statistics Institute (INE) showing...
Spain’s inflation rate shows surprise small fall in August
INFLATION in Spain stood at 10.4% in August- a 0.4% drop on July's rate according to figures released on Tuesday by the National Institute...
Olive farmers in Spain’s Costa Blanca and Valencia areas set to forget harvest as production costs soar
OLIVE farmers in the Valencian Community may forget this year's harvest as the costs of olive-picking and making olive oil are too high.
Extreme weather...
Inflation rate in Spain hits 10.8%- highest figure since December 1984
INFLATION in Spain rose to 10.8% in July, which is the highest rate since December 1984.
Figures released by the National Statistics Institute on Friday...
Spain’s Andalucia expects to reach 30 million tourists this year
ANDALUCIA expects to reach the figure of 30 million tourists in 2022—close to pre-pandemic figures.
The forecast is that 30 million visitors will pass through...
Spain sees 7.5 million tourists visit in June, three times more than in 2021
SOME 7.5 million tourists visited Spain in June, three times more than in 2021, recent data reveals.
According to the National Statistics Institute (INE) in...
Scorching heatwaves in Spain threaten olive oil production, says government minister
SPAIN'S Agriculture Minister, Luis Planas, says this summer's hot weather will dent this year's olive harvest if things don't change soon.
Spain is the world's...
Good news in Spain as unemployment falls below 3 million and GDP grows faster than expected
SPAIN'S unemployment figures have dropped below three million for the first time since 2008, according to the National Statistics Institute(INE).
The INE said the total...
Spain announces details of new windfall tax on banks and fuel companies
SPAIN'S government has announced details of its new windfall tax on banks and fuel companies which aims to bring in €7 billion into state...
Leading bank in Spain slams windfall tax plans as profits rise by nearly 11%
BANKINTER executives say plans for a windfall tax on banks in Spain to help fight cost of living rises could hit capital levels, hurt...
High 10% inflation rate to continue for ‘rest of summer’ in Spain
THE Spanish economy will continue to be battered by a high inflation rate for the 'rest of summer' according to economy minister, Nadia Calvino.
As...
Pedro Sanchez announces surprise windfall taxes on banks and energy companies in Spain
BANKS and energy companies in Spain are to be hit with new 'temporary' windfall taxes.
The surprise announcement was made in Congress on Tuesday by...
Inflation rate busts 10% mark in Spain for first time since 1980s
INFLATION in Spain has broken the 10% barrier for the first time since April 1985, according to figures published on Wednesday by the National...
Unemployment in Spain falls below 3 million for first time since 2008
JOBLESS totals in Spain have gone below the three million mark for the first time since November 2008.
Figures from the Labour Ministry published on...
Pedro Sanchez hints that power bill tax cuts and fuel subsidies will continue in Spain beyond June 30 end...
SPAIN'S Prime Minister, Pedro Sanchez, says the country's Finance Ministry is reviewing current crisis measures which are due to expire on June 30.
Sanchez hinted...
Inflation rate in Spain unexpectedly rises to 8.7%
INFLATION rose in May after falling in April, according to figures from the National Institute of Statistics(INE).
Advanced data showed May's Consumer Price Index(CPI) at...
MAPPED: Spain’s shocking north-south divide revealed in latest poverty statistics
PEOPLE living in the south of Spain are more at risk of poverty than those in the north, a new study has confirmed.
While it...
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...
LATEST NEWS FROM THE OLIVE PRESS
Man dies and another seriously injured in Formentera as small inflatable boat crashes into rocks on Spain’s Balearic Islands
A seven-metre long inflatable boat with five Dutch nationals aged between 24 and 48 crashed into rocks at Punta Gavina, Formentera on Thursday morning.
The...
