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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...

Petrol prices at their highest this year after August’s latest hikes 

PETROL prices are at their highest in 2023 after the latest increases this early August.  The new hikes come as millions of Spaniards and tourists...

Spain records its lowest level of unemployment since 2008 as nearly 22,000 jobs were created in July 

UNEMPLOYMENT in Spain is at its lowest level since 2008, just before the financial crash, according to the Ministry of Labour and Social Economy.  In...

Malaga smashes historical export record with €1.296 Billion in sales in first five months of 2023

MALAGA has achieved a remarkable milestone in its export performance, setting a historical record by reaching €1.296 billion in sales during the months of...

Spain’s job market breaks new records as number of people in work exceeds 21-million mark for first time

SPAIN posted record employment figures in the second quarter of 2023, exceeding the 21-million mark for people in work for the first time ever....

The Council of Europe has required all EU batteries to be recyclable by 2027, initiated by Spain

A new European Union regulation requires that all batteries in member states must be recyclable by the next four years.  The law was initiated by...

SMEs’ costs have soared near 30% in only the last two years 

EXPENSES for small and medium-size enterprises (SMEs) have increased by 27% in Spain in the last two years.  SMEs costs’, on the rise since the...

Spain breaks monthly tourist record- yet again- as visitors continue to flood back

THE BIG return of foreign tourists is continuing unabated with May joining the first four months of the year to record all-time high international...

Inflation in Spain falls below 2% for first time since March 2021

INFLATION in Spain has dipped to below 2% for the first time since March 2021 according to provisional June figures released on Thursday by...

Spanish Cabinet extends raft of measures put in place to help ease cost-of-living crisis

THE SPANISH Cabinet on Tuesday approved an extension to a raft of measures that were put in place to help combat the cost-of-living crisis...

Spain to offer tax breaks to people who buy an electric car

SPAIN will pay back up to 15% of income tax to people who buy an electric vehicle before the end of the year in...

Most tax cuts on essential foods expected to be extended this week in Spain as election looms

SPAIN'S Economy Minister Nadia Calviño has said that she expects the Council of Ministers to extend on Tuesday some of the anti-crisis measures that...

Spain’s government says economy has returned to pre-pandemic growth rates

SPAIN'S economy grew by 0.6% in the first quarter of 2023, compared to the previous three months according to figures published on Friday by...

Rising interest rates cause big fall in new mortgages for house buyers in Spain

NEW HOME mortgages granted in April fell by 18.3% compared to a year earlier according to figures from the National Institute of Statistics published...

Bank of Spain improves its economic forecast for remainder of 2023

THE BANK OF SPAIN has raised its economic growth forecast for 2023 to 2.3% from 1.6% in March as activity picked up more than...

Spain’s banks told to pay out more to savers as interest rates climb

BANKS in Spain have been told to start paying clients better rates for their savings as interest rates continue to climb. The call has come...

Inflation falls in Spain in May, but remains stubbornly high for foodstuffs

INFLATION in Spain fell to 3.2% in May according to the country’s National Statistics Institute (INE), but the rate for foodstuffs remains stubbornly high...

Spain’s government to keep VAT reduction on essential foodstuffs in place

SPAIN’S economic affairs minister announced on Monday that the government would keep in place a current VAT reduction on essential foodstuffs, until prices have...

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...

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