Business/Economy news & information for Spain

CUTTING value-added tax on basic foodstuffs has already borne fruit for households in Spain, and the move will continue for at least the first six months of 2023, the national government confirms.

SMALL and medium-sized businesses will get up to €150,000 if they reduce staff's working hours by at least 10% without cutting their salaries, as long as they keep the new system in place for a minimum of two...

'BLACK Friday' comes just once a year, but if you want to buy authentically-national goods for discounted prices, 'Spanish Friday' is your chance.

RESIDENTS in Spain will spend around €735 on Christmas, an increase of 15% on last year's festive season, according to a leading consumer organisation.

SHOPPERS in Spain are planning on making a head-start on their Christmas gift-buying on 'Black Friday', according to research, and will spend an average of more than €200 each on global 'discount day'.

RESIDENTS in Spain can breathe a huge sigh of relief this weekend – electricity costs will drop from Saturday to their lowest since June 2021.

NAMES have been released for the richest residents in Spain, including Spaniards living abroad but with assets in the country, with long-running 'winner' Amancio Ortega still outstripping his compatriots by a...

A LEADING bank has signed a deal with the post office to ensure rural areas and remote villages have access to cashpoints and similar services – the BBVA is now offering commission-free withdrawals and home cash...

SPAIN will be one of a small number of countries that will escape a 'technical recession' by next year, according to the International Monetary Fund (FMI).

NATIONAL supermarket chain Aldi has announced 1,000 new jobs, which will be filled between now and the end of this year.

ELECTRICITY giant Iberdrola is extending its presence in the southern hemisphere, with its first-ever hybrid 'green' energy plant in the world.

EVERY town council in Spain has been instructed to draw up an energy-saving plan by December 1 – and, although restrictions on Christmas lights have not been enforced, some have already announced a late-night switch...