Inflation rises in Spain due to higher electricity prices and tourist-related services
SPAIN’S annual inflation rate went up by 0.3% to 3.6% in May, mainly due to higher electricity prices and increased costs for tourism services. The
Spain returns to the shops: Retail parks and malls see customer spending soar by almost 20% compared to 2019
SPENDING in shopping centres and retail parks rose by 7.9% in the first quarter of 2024, compared to a year earlier, with figures up 19.4%
Spain’s Sabadell bank rejects merger offer from BBVA after being ‘significantly undervalued’ by its rival
A PROPOSED merger between Banco Sabadell and the BBVA has been rejected by the Sabadell board on the grounds that it ‘significantly undervalues’ the bank
Spain will need 24 million migrant workers until 2053 to shore up pension system, warns central bank
THE Bank of Spain has warned that the country’s economy will need around 24 million migrant workers until 2053 if the pension system is to
BBVA and Sabadell banks to discuss huge potential merger in Spain
TWO of Spain’s leading banks- BBVA and Banco Sabadell- could merge, subject to successful talks. The initiative has come from BBVA, the country’s second-largest bank.
Spain’s economy surged by 0.7% in the first quarter of 2024, official figures show
SPAIN’S economy grew by 0.7% in the first quarter of 2024 in contrast to sluggish GDP figures in other European Countries. The National Institute of
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
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
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
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
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,
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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