High inflation is stunting growth for Spain’s food sector
HIGH food inflation is stunting the growth of Spain’s food sector according to a report published on Tuesday by the country’s Federation of Food and
Shareholders back controversial move by infrastructure giant Ferrovial to take head office from Spain to the Netherlands
SHAREHOLDERS of infrastructure group Ferrovial voted on Thursday in favour of the company’s controversial plan to move its holding company to the Netherlands. The announcement
Mercadona to lower the price of 500 products until the end of the year
Mercadona has decided to slash the prices of 500 daily products from this April until the end of the year. The Spanish supermarket giant intends
All change? European Commission comes ever closer to scrapping one- and two-euro-cent coins
THE DAYS OF sorting through near-useless one- and two-euro-cent coins among your change could soon be over in Spain and the rest of the eurozone,
Spain’s inflation rate tumbles to lowest figure since 2021
SPAIN’S inflation rate in March clocked in at 3.3% according to preliminary figures from the National Statistics Institute issued on Thursday. That’s down on February’s
Firms in Spain see business volume nearly double in 2022, despite tensions in the economy
SPANISH companies nearly doubled their business volume in 2022 compared to the year before, thanks in large part to the energy sector. This is despite
Balearic islands set to be region with highest economic growth in Spain this year
The Balearic Islands will be the region with the highest economic growth in Spain this year, according to new research. National bank BBVA made estimates
Spain’s economy grew by 5.5% in 2022, surpassing government forecast
SPAIN’S economy grew by 5.5% last year- the same rate as in 2021- according to figures released by the National Statistics Institute(INE) on Friday. The
Bank of Spain forecasts double-digit food inflation rate to continue for rest of 2023
THE Bank of Spain has offered little respite to food shoppers with its prediction on Wednesday that double-digit food inflation will continue for the rest
Spain’s King and Prime Minister herald start of construction of new electric car battery factory in Valencia
VOLKSWAGEN’S electric car battery company PowerCo has started construction on its new plant at Sagunto in Valencia province which will become operational in 2026. The
Mercadona supermarket chain in Spain reports 5% rise in profits
SPAIN’S market-leading supermarket Mercadona reported a 5% rise in profits last year as consumers had to deal with increased prices. The company made €718 million
Food inflation in Spain reaches record levels despite January tax cuts
FOOD and non-alcoholic beverages rose in February by 16.6% over 12 months- 1.2% higher than in January. The food inflation rate, according to the National
Spain’s Andalucia seeks to attract long-haul tourism with cultural and sporting events and improved air connections
ANDALUCIA plans more than 40 actions in 2023 to make headway in distant markets. Southern Spain is committed to offering a host of cultural and
February’s unemployment figures in Spain stay virtually unchanged
THE number of people registering as unemployed in Spain rose by just 0.1% in February compared to a month earlier, according to Labour Ministry figures
ECB boss brings little cheer for people in Spain on variable-rate mortgages
THE president of the European Central Bank(ECB) has offered little respite for over four-million households in Spain that are struggling to pay their variable-rate mortgages.
Spain’s new windfall tax on banks and energy companies could raise more money than predicted
A new windfall tax on excess profits made by banks and energy companies in Spain could net more than the €3 billion forecast for this
Food inflation remains at over 15% in Spain despite January tax cut
FOOD inflation in Spain stayed at over 15% in January despite an IVA tax cut on some basic products. The National Institute of Statistics(INE) on
Largest number of companies in Spain for 27 years ceased trading in 2022
THE state of the economy in the wake of the Ukraine war and the post-pandemic period contributed to the highest number of Spanish companies folding
Freeze mortgage rates, says Spain’s labour minister after BBVA posts record profits
SPAIN’S deputy prime minister and labour minister, Yolanda Diaz, on Wednesday called on the banking sector to freeze mortgage interest rates and curb its profits
Spain raises minimum wage, in move that could benefit 2.5 million people
SPANISH Prime Minister Pedro Sánchez announced on Tuesday that his government would once again raise the national minimum wage, the fifth time his Socialist Party-led
Borrowers in Spain face rising mortgage repayments as Euribor shoots up
RESIDENTS of Spain could see their mortgage payments increase soon thanks to the ongoing rise of the 12-month Euribor. The rate is the most commonly
Valencia keeps position as Spain’s dominant port despite economic crisis
THE port of Valencia kept its 40% share of Spain’s import and export sea-based market in 2022 despite the economic crisis. The east-coast facility maintained
What caused inflation in Spain to rise above market forecast this month
Inflation rose to 5.8% across Spain in January, much above the market forecast. The preliminary figure was up from 5.7% in December 2022, a 13-month
Spain’s economy grew faster than expected in 2022 to beat recession fears
SPAIN’S gross domestic product grew by 5.5% in 2022 despite the global economic crisis which has caused rocketing prices. Figures released on Friday by the
Unemployment in Spain fell by nearly 80,000 people in 2022 with 278,900 jobs created
THE RANKS of the unemployed fell by 79,900 people in Spain in 2022 compared to the year before. That was a decrease of 2.6%, according
78.8% of ‘second’ home buyers in Spain’s Valencia region during 2022 were foreigners
78.8% of people who bought a second home through Valencian Community real estate agencies in 2022 were foreigners while 70.1% of those who acquired a