Business/Economy news & information for Spain

TWO of Spain's largest high-street banks are reported to be in merger talks, potentially resulting in the joint entity being the second-biggest in the country in terms of share capital.

THE average Spanish resident will spend between €500 and €1,500 on their holidays this year, with three in 10 set to increase their budget from last year and 16% reducing it.

SPAIN'S State post office has launched a new solution for passing travellers who do not want to lug their suitcases around: Lockers for bags are now provided, with prices depending upon weight.

A MERGER between two key telecommunications providers has now been finalised – Orange and MásMóvil will operate as a single company from April onwards.

A GROUND-BREAKING new customer service law has finally been approved by Spain's Council of Ministers after being shelved for nearly two years.

LOW-COST self-service petrol station chain Ballenoil plans to open a further 110 premises in Spain this year on top of the 233 it already operates nationally.

BUDGET clothing store Primark has announced plans to open another branch in Madrid next month – the chain's 61st retail outlet in Spain.

SPAIN'S president Pedro Sánchez has announced plans to expand Madrid's Adolfo Suárez-Barajas airport with a budget of €2.4 billion – the largest investment in aviation infrastructure in the country in more...

GERMAN supermarket chain Aldi has announced a major expansion plan for Spain in 2024, with its distribution centre in Sagunto (Valencia province) set to open next month and a another one on the cards for the north.

EVERY January in Spain sees the start of a new tax year and, with it, changes in prices of utilities, commodities and certain consumer goods, along with amendments to State benefits, the minimum wage, and contributory...

RESIDENTIAL property sales have been shrinking consistently throughout 2023, but latest figures show this trend is relenting.

JUST two weeks after socialist president Pedro Sánchez was sworn in for a fresh term, his deputy Yolanda Díaz has expressed a desire to increase the minimum wage in Spain.