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Business/Economy news and information for Spain

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...

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...

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...

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...