economy - Olive Press News Spain

Real estate boom: Home sales continue to rise in Spain along with property prices and mortgage numbers

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

6 Jun, 2024 @ 17:15

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Spain’s ‘outstanding’ economy will grow more than expected this year, says the IMF

THE International Monetary Fund (IMF) has revised its outlook for the Spanish economy after seeing an unexpected spike in domestic spending. The expert body believes

6 Jun, 2024 @ 17:10

Lead

Spain’s Malaga recieves 1.2 million tourists in first quarter of 2022—four times more than last year

Revealed: The provinces with the fastest growing economies in Spain’s Andalucia – partly thanks to tourism

NEW figures from Andalucia’s Institute of Statistics and Cartography show that three of the region’s provinces have been growing faster than the average, thanks in

4 Jun, 2024 @ 12:18

Andalucia·Lead

Inflation rises in Spain due to higher electricity prices and tourist-related services

SPAIN’S annual inflation rate went up by 0.3% to 3.6% in May, mainly due to higher electricity prices and increased costs for tourism services. The

30 May, 2024 @ 10:15

Lead·National News

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%

21 May, 2024 @ 17:15

Business & Finance·Lead

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

7 May, 2024 @ 15:15

Business & Finance·Lead

Spain will need 24 million migrant workers until 2053 to shore up pension system, warns central bank

THE Bank of Spain has warned that the country’s economy will need around 24 million migrant workers until 2053 if the pension system is to

1 May, 2024 @ 10:02

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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.

30 Apr, 2024 @ 15:43

Business & Finance·Lead

Spain ups its growth forecasts for 2024 and 2025 despite devastating DANA floods

Spain’s economy surged by 0.7% in the first quarter of 2024, official figures show

SPAIN’S economy grew by 0.7% in the first quarter of 2024 in contrast to sluggish GDP figures in other European Countries. The National Institute of

30 Apr, 2024 @ 11:12

Lead·National News

Spain’s economy will grow at more than double the rate of other European countries this year, according to the IMF

SPAIN’S economic growth this year has been predicted to be better than its European neighbours according to the International Monetary Fund(IMF). The IMF has raised

17 Apr, 2024 @ 11:14

Lead·National News

Central European Bank leaves interest rates at 4.5% after inflation slows down - ahead of expected cuts in June

European Central Bank leaves interest rates at 4.5% after inflation slows down – ahead of expected cuts in June

THE European Central Bank(ECB) has left interest rates unchanged at 4.5%, as had been widely expected. Economists believe that with lower inflation, the ECB will

11 Apr, 2024 @ 17:20

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Where are Brits and other foreigners buying property in Spain? New data reveals the hottest locations

Real estate agents say scrapping of Golden Visa will cause ‘irreparable’ economic damage to Spain’s Costa Blanca

‘IRREPARABLE’ damage will be done to the real estate sector and tourism on the Costa Blanca if the government abolishes the so-called Golden Visa. That’s

10 Apr, 2024 @ 16:00

Alicante·Costa Blanca·Lead·Other News·Property·Valencian Community

Households became wealthier in 2023 despite economic situation, according to Bank of Spain

FAMILIES in Spain became over 9% wealthier last year despite high inflation and interest rates, according to a Bank of Spain study. The conclusion is

10 Apr, 2024 @ 10:45

Lead·National News·Other News

Spain's December unemployment rate is the lowest since 2007 as economy continues to grow Spain’s December unemployment rate is the lowest since 2007 as economy continues to grow

Spain boasts lowest unemployment figures for March since 2008: Easter holidays give boost to jobs

SPAIN has recorded its lowest March jobless total since 2008, with 2.7 million people registered as unemployed. That’s a fall of 33,405 compared to March,

2 Apr, 2024 @ 10:45

Lead·National News·Other News

Economic impact of drought is laid bare: Andalucia to grow less than the rest of Spain due to affected industries, study says

ANDALUCIA’S economy is predicted to grow slower compared to other Spanish regions this year, with a study suggesting that the drought is to blame. The

29 Mar, 2024 @ 11:15

Andalucia·Lead

Revealed: The three least developed regions in Spain – according to an EU report

ANDALUCIA, Castilla-La Mancha and Extremadura are the three least economically developed regions of Spain according to a European Union study. All of the areas have

28 Mar, 2024 @ 13:12

Lead·National News·Other News

Power prices take inflation in Spain to 13-year-high as government is unhappy with the EU

Inflation in Spain increases in March following rise in VAT charges for electricity

A RISE in VAT rates on electricity bills is behind a rise in Spain’s inflation rate to 3.2% in March. The provisional figure from the

27 Mar, 2024 @ 13:00

Lead·National News·Other News

Spain's fashion giant Inditex owner of brands like Zara announces record profits

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

14 Mar, 2024 @ 11:11

Lead·National News·Other News

Bars and restaurants in Spain see drink sales plummet after rising prices

BAR and restaurant customers are buying fewer drinks because of high prices according to a study by market analysts NielsenIQ. The firm says that beverage

6 Mar, 2024 @ 09:46

Lead·National News·Other News

Spain's December unemployment rate is the lowest since 2007 as economy continues to grow

Spain posts lowest February unemployment rate since 2008

SPAIN’S jobless total for February was the lowest for the second month of the year since 2008. The Ministry of Labour said on Monday that

4 Mar, 2024 @ 20:00

Lead·National News·Other News

Spain's annual inflation rate goes down to 7.3% in October

Inflation falls below 3% mark in Spain due to lower electricity prices

LOWER energy prices played a big part in Spain’s provisional inflation rate for February dropping to 2.8%. That’s a fall of 0.6% from January’s figure

29 Feb, 2024 @ 09:48

Lead·National News·Other News

These are the most valuable brands from Spain: Zara tops the list with a whopping €14.7billion

ZARA, the flagship fashion brand of the Inditex group, closed 2023 with a value of €14.7 billion and for the fourth successive time heads the

27 Feb, 2024 @ 12:21

Lead·National News·Other News

Supermarkets in Food shopping basket purchases drop by 9% over a year in Spain

Supermarkets in Spain to be probed for ‘not lowering prices for customers despite receiving tax cuts’

SPAIN’S supermarkets are to be investigated over whether they have been ripping off customers over VAT cuts on essential foods and basic goods. The reduction

25 Feb, 2024 @ 13:00

Lead·National News·Other News

Spain has the worst child poverty record in the EU - but fares better than the UK

Spain has the highest child poverty rate in the European Union, says latest Unicef report

SPAIN has the highest child poverty rate in the European Union, with more than two million children – 28% of the total number of youngsters

19 Feb, 2024 @ 14:44

Lead

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

14 Feb, 2024 @ 10:20

Business & Finance·Costa Blanca·Lead·Other News·Torrevieja·Valencian Community

Good news for variable mortgage holders in Spain as Euribor rate falls more than expected

Have a mortgage in Spain? This is when your repayments will go down this year, according to the national bank

AMONG the many factors that have contributed to the recent cost-of-living crisis in Spain is the rise in interest rates, which has jacked up the

4 Feb, 2024 @ 10:45

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economy - Page 2