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Business/Economy news & information for Spain

Mercosur and EU 'historic' trade deal will 'save Spain a fortune'
Economy Mon, Jul 1, 2019

Mercosur and EU 'historic' trade deal will...

AN HISTORIC trade deal has been struck between the European Union and its Latin American counterpart, Mercosur, after 20 years of negotiations – an agreement in which Spain has played, and is likely to continue to...

Europe pulls Spain out of 'debt watch' after a decade of supervision
Economy Wed, Jun 5, 2019

Europe pulls Spain out of 'debt watch' after a...

THE EUROPEAN Commission has scored Spain off its 'debt monitoring' list after concluding that the country's deficit is now comfortably below 3% of its Gross National Product (GNP) and likely to stay that way...

Seven months of continuous growth in retail industry
Economy Fri, May 31, 2019

Seven months of continuous growth in retail industry

SPAIN'S retail industry has seen seven months of consecutive growth with profits having increased year on year by 2% - an apparently negligible figure, but one that translates into millions of euros nationwide. The...

Inditex founder ‘Amazon’s landlord’
Economy Thu, Mar 28, 2019

Inditex founder ‘Amazon’s landlord’

SPAIN’S richest man Amancio Ortega - founder of the global high-street clothing empire Inditex – has just bought a chunk of Amazon’s headquarters, his second-largest purchase ever after buying the London Adelphi...

Rural bank crisis: 4,000 villages have no branch and elderly residents ‘don’t understand cashpoints’
Economy Mon, Feb 25, 2019

Rural bank crisis: 4,000 villages have no branch and...

AS MANY as 4,000 villages in Spain have no local bank branch, and just 20% of these are served by a monthly or fortnightly ‘mobile bank’ open for three hours at a time. And some of these villages are within striking...

Telefónica to sell its executive aircraft for €20m
Economy Wed, Feb 20, 2019

Telefónica to sell its executive aircraft for €20m

TELECOMMUNICATIONS giant Telefónica has just put its luxury airline up for sale for between US$21.9 million and US$22.9m (€19.3m to €20.2m). Once the largest aircraft owner in the IBEX 35 – Spain’s list of the...

Bottled gas down in price by 5%
Economy Mon, Jan 14, 2019

Bottled gas down in price by 5%

BOTTLED gas is set to go down in price the day after tomorrow – welcome news for anyone who relies upon it for heating and cooking during this record week of chilly winter temperatures. Until Tuesday morning, orange...

British supermarket chain Dealz to open in Valencia
Economy Mon, Dec 31, 2018

British supermarket chain Dealz to open in Valencia

A BRITISH supermarket chain is set to open in Valencia city in the New Year and a local job agency has taken on four supervisors and 28 sales assistants. The council-run recruitment centre València Activa has struck an...

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