Spain could suffer over €4 billion in losses from historic blackout
SPAIN’S worst-ever blackout, which left millions without power across the Iberian Peninsula, could cost the country as much as €4.5 billion in lost economic output.
Sun, sea and sackings: Wall Street giant Citi shuts ‘bankers’ paradise’ office in Spain’s Malaga
IT was pitched as a sun-kissed revolution for overworked young bankers – but just two-and-a-half years after splashing down on the Costa del Sol, Citigroup’s
Cash is still king for majority of people in Spain when going out shopping or to a restaurant
CASH remains as the most widely used means of payment on a daily basis for 57% of the population in Spain. A Bank of Spain
Deadly DANA floods have impacted Spain’s impressive economic growth, national bank warns
THE Bank of Spain says that the DANA floods will cut the country’s economic growth and increase inflation. The entity said on Wednesday that 0.2%
Bank wars in Spain: BBVA announces hostile takeover of rival Sabadell – after merger deal failed
SPANISH bank BBVA has launched a hostile takeover bid for Banco Sabadell after its merger bid was rejected. BBVA will now attempt to bypass Sabadell’s
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.
Malaga and Granada among Spain’s top 10 cities with the highest cost of living
MALAGA and Granada have been named among Spain’s top 10 cities with the highest cost of living. According to a study carried out by savings
Top banks in Spain unite to swap information in fight against financial crimes
THREE SPANISH banks have come together to exchange information and data to fight and prevent financial crime. BBVA, Banco Santander, and CaixaBank have formed a
Spanish state received €300 million over 10 years from ‘forgotten’ bank accounts
THE SPANISH state has received around €300 million over a 10-year period from bank accounts or other assets such as shares that have been forgotten
Explainer: What you need to know about filing your 2022 tax return in Spain
TODAY, April 11, marks the start of the period when taxpayers in Spain can begin preparing their 2022 tax returns. As usual with these processes,
It’s just logical: Financial advice in Spain’s Javea
Who are we? We are Logic Financial Consultants – an award-winning, financial-run IFA practice, based in Javea. At Logic, we are proud to have two
EXPORT BOOM: Spain’s Malaga smashes its export record and reaches a new high of €2,880 million
MALAGA has celebrated a ‘historic record’ in exports thanks to an 18% growth in sales. The 2022 financial year for Malaga has closed with record
Sabadell Bank says ‘no plans’ to close branches this year in Spain as profits soar
SABADELL BANK says it has no plans for any further branch closures in Spain this year as it reported a bumper profit for 2022. €130
First digital euro token to be tested under watchful eye of Bank of Spain
THE Bank of Spain will allow a digital euro token to be tested by Malaga-based payment gateway firm Monei. It will be the first use
Spain cuts windfall tax grab on energy firms to win support of regional political parties
CONGRESS has approved a new windfall tax on excess profits made by energy firms but only after the government agreed to changes demanded by small
DEAR JENNIFER: Can you recommend a good travel insurance policy for British expats in Spain?
UNFORTUNATELY due to Brexit, the travel insurance company that we worked extremely well with for over 20 years is no longer able to offer cover
GBP/EUR exchange rate slumps as BoE forecasts a two-year UK recession
The pound euro (GBP/EUR) exchange rate fell sharply through the first two weeks of November as it became increasingly apparent that the UK economy has
GBP/EUR exchange rate rocked by UK political chaos but bounces back after Sunak confirmed as PM
Trade in the pound euro (GBP/EUR) exchange rate remained highly erratic through the second half of October amid UK political drama. Over the last two
Alarming statistic shows families struggling to afford life in Mallorca
More than 30% of people living on the Balearic Islands cannot afford to live there, according to new research. An Economic and Social Council (CES)
An introduction to Spanish Compliant Investing
Meet the Experts from Prudential International and Chorus Financial Save the date! On Monday October 10, Chorus Financial have the pleasure of welcoming one of
GBP/EUR exchange rate crashes as UK mini-budget triggers run on the pound
AFTER stumbling through the second half of September, the pound euro (GBP/EUR) exchange rate then collapsed at the end of the month following the UK
Why Chorus Financial are different
Whether you are reading the local newspapers, browsing social media or google, or tuning into the local radio stations, there are certainly no shortage of
Interest rates are rising in Spain and Europe but, despite inflation, Euribor remains below 1%
THE Bank of Spain has confirmed that the 12-month Euribor closed July at a monthly average of 0.992%, compared to 0.852% in June. This continues
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
Spain’s Vueling Airlines becomes Europe’s first budget carrier to allow cryptocurrency ticket payments
SPAIN’S Vueling Airways will offer passengers the chance to pay for tickets via cryptocurrency from next year- the first such move for a budget airline