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
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
Weekly Market Roundup 23/05/2022
Weekly Market News Share markets had another choppy week, with worries that rate hikes, cost pressures and supply chain disruptions would further weigh on the
Weekly Market Roundup
Weekly Market News – 16/05/2022 Stock markets had another rough week with some very choppy moves on concerns over monetary tightening to combat high inflation
Bogus stock market brokers fleeced €6 million out of unsuspecting clients in Spain
A group of swindlers offering big returns on stock market investments have been arrested by the Policia Nacional. The gang made €6 million out of
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
Crisis planning: Expats in Spain should beware of currency fluctuations
THE Pound Euro (GBP/EUR) exchange rate has seen some wild swings in recent months. In March alone, it fluctuated between €1.183 and a five-year high
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
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
REVEALED: Where the €3 billion master-plan for post-Covid Costa Blanca will be spent
OVER THREE billion euros has been earmarked to “accelerate recovery” after the pandemic in the Valencian region. Announced in Villajoyosa this week, regional president Ximo
Spain’s CaixaBank promises better services for older customers despite branch closures
SPAIN’S CaixaBank has pledged new and improved services for older customers despite a wave of over 1,500 branch closures in the wake of its merger
MUST READ: European Court of Justice rules against Spain’s Modelo 720 foreign asset law including system of excessive fines
EUROPE’S top court says Spain broke EU laws by imposing harsh penalties on Spanish residents who failed to declare property and bank accounts they held
Spain announces crackdown on cryptocurrency adverts that ignore investor risks
SPAIN is clamping down on the advertising of unregulated cryptocurrency investments. Concerns about investors being ripped-off by bogus claims have prompted a new rule that
Bankruptcies in Spain rise by a third during 2021 but start-up numbers are even bigger
THE number of businesses declared bankrupt in Spain last year rose by 31% compared to 2020. In contrast, 102,169 new companies were registered in 2021,
Food and power prices boost Spain’s inflation rate to highest figure in nearly 30 years
SPAIN’S inflation rate has hit 6.7% this December- the highest annual hike since March 1992. Official figures published on Thursday from the National Statistics Institute(INE)
Barcelona’s Gerard Pique gets big tax break from Spain’s Supreme Court
BARCELONA footballer Gerard Pique has landed a €2.1 million pre-Christmas windfall courtesy of Spain’s Supreme Court. Pique, 34, has been given a refund of a
Clean bill of health: Spain’s health system is amongst best in EU for protecting people from financial hardship
PEOPLE in Spain are less likely to suffer financial hardship due to healthcare costs than in most other European countries. The financial crisis in Spain
Banco Santander ordered to pay banker €68 million just months after big staff cuts and branch closures in Spain
A Madrid court has ordered Banco Santander to pay €68 million to Italian banker Andrea Orcel for reneging on an offer to make him CEO
Inflation soars to highest level in Spain for 29 years due to rising fuel prices
INFLATION skyrocketed to an annual 5.4% rise in October according to Spain’s National Institute of Statistics(INE). It’s the highest level in 29 years and is
Andalucia 2022 budget includes €90 million inland tourism boost for Malaga
THE province of Malaga in the region of Andalucia has been awarded a €90 million budget boost increase over last years funding of €351.4 million.
Sabadell Bank in Spain boosts profits thanks to TSB subsidiary plus massive job cuts and branch closures
SABADELL Bank profits have leapt up by 82.4% between January and September compared to the same period last year. Spain’s four-largest bank has recorded a
HELP NEEDED!: When talking to lenders the list of documentation can seem endless
IT can be more than a chore to find, negotiate and sign a mortgage in Spain – it can be the single most important financial
Adios to financial legend: Bill Blevins dies
ONE of the best known expat financial figures has passed away in his seventies. Bill Blevins, the joint founder of expat financial services company Blevins
QUIDS IN: Number of Spanish millionaires set to soar
SPAIN now has 1,147,000 millionaires according to Credit Suisse. Following current trends, this number will rise up to between 1,800,000 and 2,000,000 by 2025; this
Hundreds queue at banks across Spain in last chance to cash in old pesetas
HUNDREDS of people queued along Spain’s streets yesterday in a race to exchange old pesetas for euros ahead of the final deadline. Wednesday (June 30)