Business/Economy news & information for Spain

BUDGET clothing chain C&A has announced plans to close down 23 'loss-making' branches across the country, which will involve 16% of its staff being made redundant.

SPAIN'S export sector is becoming worried about US president Donald Trump's protectionist policies, fearing it could cost them trade.

A PRESSURE group in the Balearic Islands campaigning against the Transatlantic Trade and Investment Pact (TTIP) has warned of the 'dangers' of its sister treaty, the CETA, for the region's economy.

A SUPPORT centre for online store Amazon is set to open in Barcelona, creating 500 new jobs over the next three years.

SPANISH petro-chemical giant Repsol has discovered the largest oil supply in over 30 years in the USA.

BOTTLED gas has gone up in price by 5% from today, meaning a total increase of 20% since late March 2016 after months of its cost having plummeted.

TOY exports from Spain to the UK have shrunk in the last nine months due to the uncertainty surrounding the impending Brexit process and the fall of the pound sterling against the euro.

AN HISTORIC deal between Vodafone and Spanish communications company Telefónica will allow the British network provider to access its entire fibreoptic network.

SPAIN'S government has predicted unemployment will drop to 16.6% this year, and plans to offer nearly 8,000 new public-sector jobs nationwide.

SPANISH transport infrastructure giant Ferrovial has decided not to invest any further in Healthrow Airport due to Brexit.

SPAIN'S tax authorities expect to claw back a record €200.9 billion this year – 7.9% more than in 2016, most of the increase being in company profit taxes.

SPAIN'S economy grew by 0.8% in the first quarter of 2017 from 0.7% in the six months prior, according to the National Institute of Statistics (INE).