Business/Economy news & information for Spain

DESPITE dire predictions and snapshots of the global – including Spanish – economy as a result of the Covid-19 pandemic, it turns out households in general are better off financially than they were at the beginning...

IN A BID to compete with Amazon Prime, Spain's largest department store has launched an online platform with a set annual fee which allows unlimited deliveries of its goods, including supermarket produce.

CUT-PRICE clothing chain Primark is set to open another 14 stores worldwide next year, of which four will be in Spain.

CONSUMER affairs minister Alberto Garzón intends to ban 901 and 902 phone numbers, as well as any others which carry a higher tariff than for a call to a regional landline.

WITH working from home on the rise across the modern world and given a major boost by the pandemic, the need to live close to the office is rapidly reducing – and has already been floated as a possible solution to...

MORTGAGES in Spain will get slightly cheaper for anyone whose payments are coming up for their annual or six-monthly review – the Eurozone interest rate has fallen again, to -0.275%, making it the second-lowest so far...

PRESIDENT Pedro Sánchez has shelved any potential tax rises until after Spain has recovered financially from the Covid-19 pandemic and economic growth has returned to levels prior to the health crisis.

A NEW line of credit totalling €40 billion has been agreed by Spain's government to help boost cashflow, capital and investment for businesses.

OWN-BRANDED goods in supermarkets have soared in popularity since the Covid-19 pandemic hit Spain, with their purchases accounting for 40% of the total and expected to continue to rise in the next few years.

LOANS and other consumer and corporate credit will not become more expensive for at least another year now that the European Central Bank (BCE) has decided to keep the Eurozone interest rate at 0% until June 2021, when...

PRESIDENT Pedro Sánchez was met with resounding applause upon his return to the Moncloa Palace today (Tuesday) from Brussels after a hard-fought agreement with the European Union to provide emergency Covid-19 recovery...

A SURGE in retail sales last month shows that the public had been waiting with bated breath to get back to the shops, and more so than before lockdown, taking advantage of their new-found freedom.