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Business/Economy news & information for Spain

Inditex boss to pocket 693€ million dividend payout
Economy Thu, Nov 1, 2018

Inditex boss to pocket 693€ million dividend payout

Amancio Ortega, head of clothing retail giant Inditex, will tomorrow pocket 693 million euros for the dividend of 0.375 euros per title paid by Inditex , the textile group that he co-founded and of which he owns 59.294%...

New mortgage signings continue rise
Economy Wed, Oct 31, 2018

New mortgage signings continue rise

August marked the fifth month in a row that has seen an increase in the number of mortgages being signed in Spain. 6.8% more mortgages were signed in August this year than in 2017, and despite dropping back slightly on...

SEAT posts record profits
Economy Tue, Oct 30, 2018

SEAT posts record profits

Spanish car manufacturer Seat has posted record operating profits of 237 million euros for the period between January and September 2018, a substantial 54.4% increase vis-à-vis the figure of 154 million for the same...

Toys 'R' Us to stay open in Spain and Portugal
Economy Fri, Aug 24, 2018

Toys 'R' Us to stay open in Spain and Portugal

CHILDREN'S leisure and gift chain Toys 'R' Us will remain open in Spain and Portugal now it has been bought out by the global firm Green Swan, according to the new company in a press release this week. The...

Amazon distributors on strike over Prime Day
Economy Mon, Jul 16, 2018

Amazon distributors on strike over Prime Day

A THREE-DAY strike at the Amazon distribution warehouse in Madrid started today (Monday) aimed at coinciding with the online retailer's 'Prime Day' for maximum impact. Workers at the plant in San Fernando de...

BCE rates to remain unchanged until at least summer 2019
Economy Thu, Jun 14, 2018

BCE rates to remain unchanged until at least summer 2019

CENTRAL European Bank (BCE) bosses have opted to keep interest rates at their current level until at least summer 2019, or longer if necessary, as part of their continued strategy to reach inflation objects and promote...

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