Elon Musk’s Tesla revealed as car maker interested in opening factory in Spain’s Valencia area
DISCUSSIONS are said to be an ‘advanced stage’ for Elon Musk’s electric car manufacturer Tesla to open a factory in the Valencia area. Both the
Multinational car manufacturer could seal massive deal for project in Spain’s Valencia area
TALKS are said to be an ‘advanced stage’ for an international car manufacturer to launch a project in the metropolitan area of Valencia. Reports from
Spain is largest ‘eurozone’ country with biggest ‘real wage’ fall in 2022
SPANISH workers suffered the most of any large Eurozone country as their real wages got hit by high inflation in 2022. The Organisation for Economic
Spain’s Cepsa announces largest second generation biofuels plant in Europe to open in Andalucia
OIL company Cepsa has formed a joint venture to set up a large-scale biofuels plant in Andalucia. Cepsa and Bio-Oils, who process vegetable oils, have
Major international ceramics showcase returns to Spain’s Valencia after two-year absence
SPAIN’S biggest ceramics producing region- the Valencian Community- is highlighting the sector in the return of the annual Cevisama fair. The event in Valencia was
Spain’s power company Iberdrola reports record international profits but suffers 19% domestic fall
POWER firm Iberdrola reported a record annual net profit of €4.3 billion last year across the globe but its domestic operation in Spain saw a
Spain’s Repsol oil company announces record investments and net profit of €4.2 billion in 2022
SPAIN’S biggest oil company, Repsol, has announced plans for a record number of investments after reporting a net annual profit of €4.2 billion last year.
New car sales in Spain plunge to nine-year low
NEW car sales in Spain have plunged to a nine-year low due to rising costs and logistical issues. Just 813,396 new vehicles were sold in
Mercadona supermarket chain in Spain announces staff wage rise in line with inflation
STAFF working for Mercadona supermarkets in Spain will get a 5.8% salary increase- in line with inflation- this January. Workers got a 6.5% inflation-matching rise
Energy companies probed in Spain over anti-competitive practices
SPAIN’S anti-trust watchdog, the CNMC, says it has opened an investigation into various energy companies over possible anti-competitive practices. The CNMC did not specify the
‘Indefinite’ self-employed lorry driver strike in Spain ends after just one day
AN indefinite lorry drivers strike in Spain that started on Monday has folded within a day. The National Platform in Defence of Road Transport -that
Truck drivers group launch strike in Spain over inflation but disruption described as ‘minimal’
A group of mainly self-employed truck drivers and small haulage companies have gone on indefinite strike in Spain. The National Platform in Defence of Transport
Utility giant Iberdrola reports profit fall of 14% in Spain
SPANISH energy provider Iberdola has reported a 29% rise in profits over the first nine months of 2022 compared to the same period last year.
Two of Spain’s biggest phone and broadband operators sign merger deal
TWO of Spain’s biggest telecoms operators Orange and MasMovil have signed a formal deal to merge their operations in the country. The agreement is worth
Spain signs big green energy deal including new electric car battery factory
Spain has signed a major agreement with Chinese green energy company Envision Group to set up four projects. They include an electric car battery plant,
Car giant Ford to produce ‘next-generation’ electric cars at its Valencia area plant in Spain
FORD will build their ‘next-generation’ electric cars at their Almusaffes assembly plant in Valencia. By 2026, Ford in Europe plans to sell 600,000 electric vehicles
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
Pedro Sanchez announces €11 billion investment for Spain’s microchip and semiconductor sector
SPAIN’S government is planning to invest €11 billion in the country’s microchip and semiconductor sectors. Speaking at Monday’s ‘Wake Up Spain’ economic forum in Madrid,
International ‘Cevisama’ ceramics fair cancelled in Spain’s Valencia as sector battles rising production costs
AN international Valencia trade fair showcasing ceramic tiles has been cancelled due to spiralling energy costs suffered by manufacturers. Cevisama was first staged in 1978
Energy giant Cepsa to transform 3,000 petrol stations in Spain under €8 billion ‘green plan’
SPANISH energy company Cepsa will spend €8 billion in a shift to using low-carbon energy sources by 2030. The plan is for half the firm’s
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
Danone to suspend food production in Spain ‘within 24 hours’ as truckers strike disrupts dairy supplies
FOOD manufacturer Danone is to suspend production at its Spanish plants ‘within 24 hours’ as the unofficial nationwide truckers strike continues to bite. Danone employs
Striking lorry divers in Spain face police clampdown over violent picketing
SPAIN’S government is mobilising over 15,000 police officers to crack down on violent pickets among striking truck drivers. Protests this week have seen drivers block
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
