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Business/Economy news & information for Spain

Madrid to house IATA's largest global delivery centre
Economy Fri, Jan 12, 2018

Madrid to house IATA's largest global delivery centre

MADRID has been picked as the venue for the International Air Transport Association (IATA)'s largest global delivery centre, responsible for managing €125 billion in flight tickets. The centre in the Spanish...

Sales start online a day earlier
Economy Fri, Jan 5, 2018

Sales start online a day earlier

MAJOR retail chains in Spain started their sales a week before the traditional opening of January 7, and two high-street giants have begun theirs online today (January 6). Since Spain's government passed a law...

Bankia to shut 150 branch offices nationwide
Economy Sat, Dec 30, 2017

Bankia to shut 150 branch offices nationwide

STATE-OWNED high-street financial entity Bankia plans to shut 99 branches early in 2018 following its merger with BMN, in addition to the nearly 50 it intended to close in December and January. Bankia's national...

Spain's IVA income is third-lowest in EU
Economy Sat, Dec 23, 2017

Spain's IVA income is third-lowest in EU

SPAIN earns less in IVA than any other country in Europe except for Ireland and Italy in relation to its GDP, according to EU statistics agency Eurostat. Although IVA income has gone up from its historic low of 3.9% in...

Spain's richest residents revealed
Economy Tue, Dec 12, 2017

Spain's richest residents revealed

INDITEX fashion empire founder Amancio Ortega (pictured) is still the richest person in Spain and his daughter Sandra Ortega is the second-wealthiest, according to the most recent list. Chairman of supermarket chain...

Post-Brexit Britain 'needs to learn Spanish to trade', says report
Economy Tue, Nov 28, 2017

Post-Brexit Britain 'needs to learn Spanish to...

IF BRITAIN wants to make a success of 'trading with the world' post-Brexit, it needs to work on its language skills – starting with Spanish, a recent study argues. The British Council, which works with foreign...

No banks or cashpoints in 50% of Spanish villages
Economy Sun, Nov 26, 2017

No banks or cashpoints in 50% of Spanish villages

HALF of Spain's towns and villages do not have a single bank branch or cashpoint, according to a report by the Independent Force Employment Federation (FINE), the largest financial services union in Spain. In its...

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