Tag: Windfall Tax
Endesa announces huge first quarter profits even after paying ‘unjustified’ windfall tax
SPANISH energy company Endesa has announced a remarkable 76% surge in net profit for the first quarter of the year, defying the effects of...
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...
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...
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...
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...
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...
Spain’s Iberdrola announces €17 billion investment in renewables across Europe and USA
ENERGY giant Iberdrola will invest €47 billion in electricity networks, renewable energy production and customer businesses over the next two years.
Around €17 billion of...
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...
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...
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...
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...
Pedro Sanchez announces electricity bill tax cuts will be extended in Spain
TAX cuts on electricity bills and a windfall tax on power companies will stay in place until the end of June.
IVA on bills were...
Endesa power company to invest €31 billion until 2030 on green energy in Spain and Portugal
ENDESA has announced a €31 billion investment in 'green' energy production in Spain and Portugal through to 2030.
The news comes as Endesa and other...
Major power company in Spain offers to help industrial customers if government scraps windfall tax plans
LEADING Spanish energy provider Iberdrola says it will help industrial customers if the government scraps plans for a windfall tax.
Domestic electricity bills have been...
LATEST NEWS FROM THE OLIVE PRESS
Brits continue to be the most important tourists in Spain, new figures show
UK TOURISTS visiting Spain during the first 10 months of 2023 totalled just under 15.5 million people- an annual rise of 14.3%.
The British market...
