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 coffers
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 economic
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 Institute
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 date
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 Covid
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 a
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 subsidy
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 the
Spain’s annual inflation rate falls more than expected due to lower fuel prices but food costs rise
SPAIN’S annual inflation rate dropped to 8.4% in April according to figures published on Thursday by the National Statistics Institute(INE). The 1.4% drop on the
Spain’s inflation rate surges to 9.8%- highest figure since 1985
INFLATION in Spain has soared to 9.8% in March- the highest rate since May 1985, according to figures from the National Statistics Institute(INE). The rate
Industrial production prices in Spain soar by over 40% in February in biggest rise since records began
INDUSTRIAL production prices in Spain notched up a record annual rate for the fifth successive month in February according to figures released on Friday by
Car giant Volkswagen to produce electric car batteries at new site in Spain’s Valencia area
VOLKSWAGEN’S car battery cell plant in Spain will be located in Sagunto, 30 kilometres north of Valencia City. The factory, costing around €7 billion to
Deliveroo leaves Spain after losing €23 million in two years
FOOD delivery service Deliveroo has announced it will cease operating in Spain citing huge economic losses since the start of the pandemic. The company reported
Spain’s inflation rate soars with effects of Russian sanctions still to bite
SPAIN has recorded its biggest annual inflation hike since 1989 according to figures released on Monday by the National Statistics Institute(INE). Preliminary numbers for February
Russian invasion of the Ukraine described as ‘terrible blow’ to economic recovery of Spain’s Costa Blanca and Valencia areas
VALENCIAN Community president, Ximo Puig, has branded Thursday’s invasion of the Ukraine by Russia as a ‘terrible blow’ to the recovery of the region’s economy
Spain’s annual inflation rate falls for first time since February 2021
INFLATION in Spain fell in January according to figures produced on Monday by the National Statistics Institute(INE). The INE says that January’s rate was 6%
Spain announces its best job figures since banking crisis of 2008
SPAIN has announced the highest number of people in work since the 2008 banking crisis. Over 20 million people are employed with 840,700 new jobs