Business losses estimated at least €10 BILLION as Valencia flood disaster impact spirals upwards
LAST week’s flood tragedy in Valencia has exacted a massive financial cost in addition to all of the human pain. Spain now faces its ‘biggest
Ryanair reveals its new Spain routes but blasts the country’s airport taxes for ‘limiting’ growth
RYANAIR unveiled a growth plan on Thursday to invest €3 billion to expand its operations in Spain through to 2030 but threatened it will only
Airbnb shares drop 12% amid growing backlash in Spain: Company cites weakening US demand
SHARES in the online vacation rental company Airbnb dropped by 12% on Tuesday, in the midst of an ongoing backlash in Spain against a tourism
Tourist accommodation site Booking.com fined a record €412m for ‘exploiting’ hotels in Spain and keeping out competitors
THE online accommodation reservation platform Booking.com has been stung with a massive €413.2 million fine for abusing its dominant position in the Spanish market. The
Apple is investigated in Spain over potential breach of App Store rules
Spain’s anti-competition regulator, the CNMC, announced on Wednesday that it had opened an investigation into Apple’s App Store. The multi-national tech giant has strongly denied
Spain’s aviation sector looks to a green future by setting up country’s first hydrogen airport hub
SIX major players in Spanish aviation have signed an agreement to study the creation of the country’s first hydrogen airport hub. The manufacturer Airbus, airport
British firm buys Spanish property portal Idealista for €2.9 billion
THE hugely popular Spanish property portal Idealista has been purchased by British fund Cinven for €2.9 billion. The platform is the leading real estate site
Nearly a thousand tenants in Spain go on ‘rent strike’ against what they claim are abusive clauses from their ‘vulture fund’ landlord
NEARLY a thousand tenants spread across a number of Madrid districts are going on a ‘rent strike’ in response to what they say are abusive
European Central Bank FINALLY lowers interest rates – but mortgage holders in Spain may struggle to notice it
THE European Central Bank(ECB) cut interest rates on Thursday by a quarter of a point to 4.25%. The June reduction had been widely expected but
Spain gets €15.7 BILLION cloud service boost from Amazon in country’s biggest-ever technological investment
THE biggest-ever technological investment in Spain totalling €15.7 billion has been unveiled by Amazon Web Services(AWS). The project to provide cloud-based services will see 17,500
Spain returns to the shops: Retail parks and malls see customer spending soar by almost 20% compared to 2019
SPENDING in shopping centres and retail parks rose by 7.9% in the first quarter of 2024, compared to a year earlier, with figures up 19.4%
‘We’re not coming back’: British tourists blast drink prices in Mallorca for being ‘much more expensive’ following the Covid pandemic
EVER since the Russian invasion of Ukraine, Spaniards have been complaining about a serious cost-of-living hike in their day-to-day lives. But British tourists are also
Spain’s Sabadell bank rejects merger offer from BBVA after being ‘significantly undervalued’ by its rival
A PROPOSED merger between Banco Sabadell and the BBVA has been rejected by the Sabadell board on the grounds that it ‘significantly undervalues’ the bank
BBVA and Sabadell banks to discuss huge potential merger in Spain
TWO of Spain’s leading banks- BBVA and Banco Sabadell- could merge, subject to successful talks. The initiative has come from BBVA, the country’s second-largest bank.
Europe’s biggest electric car battery recycling factory set to launch this year on Spain’s Costa Blanca
ALICANTE is set to have Europe’s largest electric car battery recycling plant in operation by the end of the year. GDV Mobility has received backing
MasMovil and Orange forge one company in Spain after agreeing huge merger deal
SPAIN’S biggest telecoms merger became a reality on Tuesday with Orange and MasMovil completing the legal process to become a joint company. The two operators
Spain’s fashion giant Inditex- owners of Zara- reports record profits in 2023
FASHION chain Inditex- owners of branded stores like Zara- reported record profits last year. The Spanish company achieved a net profit of €5.3 billion- up
This expat hotspot on the Costa Blanca wants to become Spain’s first ‘crypto-friendly’ city – but what does that involve?
TORREVIEJA has unveiled plans to become Spain’s first cryptocurrency-friendly city. The Costa Blanca resort hopes to achieve that goal through an initiative launched by the
On the rise: Erotic toy start-up in Spain rakes in MILLIONS as customers splurge on their unique designs ahead of Valentine’s Day
A COMPANY making and distributing erotic toys on the Costa Blanca has become a major success story and is currently enjoying a boom period up
Spain suspends fines for Amazon and Apple: Tech giants have more time to fight €194m sanctions
THE National Court has temporarily suspended massive fines given to Amazon and Apple by Spain’s competition watchdog- the CNMC- over collusion. The international giants will
H&M to close a QUARTER of its stores in Spain
FASHION retailer H&M has announced plans on Friday to close more than a quarter of its shops in Spain. The Swedish-owned business says up to
Ryanair to expand in Spain: Budget airline plans for five new bases in the country
IRISH carrier Ryanair says it wants to open five new bases in Spain and grow by 40% in the country by 2030. CEO Eddie Wilson
Aldi is expanding across Spain: Budget supermarket announces 50 new store openings this year
GERMAN discount supermarket chain Aldi says it plans to open nearly 50 new stores in Spain this year. To back its expansion, the retailer will
Carrefour announces it will stop selling all PepsiCo products in Spain – this is why
FRENCH supermarket giant Carrefour has announced that it is to pull all PepsiCo products from its stores in Spain, France, Italy and Belgium, for one
Brits flocked to Spain in November with almost 1 million visiting the country in new record: These were the most popular destinations
SPAIN welcomed a record 5.1 million foreign tourists in November, with nearly a million of them coming from the United Kingdom. Figures published on Wednesday
Biggest supermarket chain in Spain seals five-year staff wage deal
SPAIN’S biggest supermarket chain Mercadona has struck a deal with unions to increase salaries by up to 6% per year through to 2028. The five-year-deal
