economy - Olive Press News Spain

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

Firms in Spain see business volume nearly double in 2022, despite tensions in the economy

SPANISH companies nearly doubled their business volume in 2022 compared to the year before, thanks in large part to the energy sector. This is despite

27 Mar, 2023 @ 20:30

Business & Finance·Lead

Balearic islands set to be region with highest economic growth in Spain this year

The Balearic Islands will be the region with the highest economic growth in Spain this year, according to new research. National bank BBVA made estimates

25 Mar, 2023 @ 18:30

Balearic Islands·Lead·National News

Spain’s economy grew by 5.5% in 2022, surpassing government forecast

SPAIN’S economy grew by 5.5% last year- the same rate as in 2021- according to figures released by the National Statistics Institute(INE) on Friday. The

24 Mar, 2023 @ 13:30

Lead·National News

Bank of Spain forecasts double-digit food inflation to continue for rest of 2023

Bank of Spain forecasts double-digit food inflation rate to continue for rest of 2023

THE Bank of Spain has offered little respite to food shoppers with its prediction on Wednesday that double-digit food inflation will continue for the rest

22 Mar, 2023 @ 18:30

Lead·National News

Spain's King And Prime Minister Attend Stone Laying Ceremony For New Electric Car Battery Factory In Valencia

Spain’s King and Prime Minister herald start of construction of new electric car battery factory in Valencia

VOLKSWAGEN’S electric car battery company PowerCo has started construction on its new plant at Sagunto in Valencia province which will become operational in 2026. The

17 Mar, 2023 @ 15:45

Business & Finance·Lead·Valencia·Valencian Community

Mercadona supermarket chain in Spain reports 5% rise in profits

SPAIN’S market-leading supermarket Mercadona reported a 5% rise in profits last year as consumers had to deal with increased prices. The company made €718 million

14 Mar, 2023 @ 12:59

Business & Finance·Lead·National News

Supermarkets in Spain are on track for a record year after seeing profit margins soar

Food inflation in Spain reaches record levels despite January tax cuts

FOOD and non-alcoholic beverages rose in February by 16.6% over 12 months- 1.2% higher than in January. The food inflation rate, according to the National

14 Mar, 2023 @ 10:50

Lead·National News

Spain’s Andalucia set to sizzle in hottest day of the year, predicted for August 6

Spain’s Andalucia seeks to attract long-haul tourism with cultural and sporting events and improved air connections

ANDALUCIA plans more than 40 actions in 2023 to make headway in distant markets. Southern Spain is committed to offering a host of cultural and

13 Mar, 2023 @ 10:00

Andalucia·Lead·Travel News

Spain's unemployment rate falls to lowest total for over 16 years as more women find jobs

February’s unemployment figures in Spain stay virtually unchanged

THE number of people registering as unemployed in Spain rose by just 0.1% in February compared to a month earlier, according to Labour Ministry figures

2 Mar, 2023 @ 14:24

Lead·National News

ECB boss brings little cheer for people in Spain on variable-rate mortgages

THE president of the European Central Bank(ECB) has offered little respite for over four-million households in Spain that are struggling to pay their variable-rate mortgages.

2 Mar, 2023 @ 13:45

Lead·National News·Property

Spain’s new windfall tax on banks and energy companies could raise more money than predicted

A new windfall tax on excess profits made by banks and energy companies in Spain could net more than the €3 billion forecast for this

21 Feb, 2023 @ 16:00

Business & Finance·Lead·National News

Food inflation remains at over 15% in Spain despite January tax cut

FOOD inflation in Spain stayed at over 15% in January despite an IVA tax cut on some basic products. The National Institute of Statistics(INE) on

15 Feb, 2023 @ 12:45

Lead·National News

Largest number of companies in Spain for 27 years ceased trading in 2022

THE state of the economy in the wake of the Ukraine war and the post-pandemic period contributed to the highest number of Spanish companies folding

12 Feb, 2023 @ 09:30

Business & Finance·Lead·National News

New landmark of 20 million people working in Spain, according to government statistics

Freeze mortgage rates, says Spain’s labour minister after BBVA posts record profits

SPAIN’S deputy prime minister and labour minister, Yolanda Diaz, on Wednesday called on the banking sector to freeze mortgage interest rates and curb its profits

1 Feb, 2023 @ 17:15

Business & Finance·Lead·Politics

Spain raises minimum wage, in move that could benefit 2.5 million people

SPANISH Prime Minister Pedro Sánchez announced on Tuesday that his government would once again raise the national minimum wage, the fifth time his Socialist Party-led

1 Feb, 2023 @ 15:45

Business & Finance·Lead

Borrowers in Spain face rising mortgage repayments as Euribor shoots up

RESIDENTS of Spain could see their mortgage payments increase soon thanks to the ongoing rise of the 12-month Euribor. The rate is the most commonly

31 Jan, 2023 @ 19:30

Business & Finance·Lead

Valencia Maintains Position As Spain's Dominant Port Despite Economic Crisis

Valencia keeps position as Spain’s dominant port despite economic crisis

THE port of Valencia kept its 40% share of Spain’s import and export sea-based market in 2022 despite the economic crisis. The east-coast facility maintained

30 Jan, 2023 @ 16:10

Business & Finance·Lead·Valencia·Valencian Community

What caused inflation in Spain to rise above market forecast this month

Inflation rose to 5.8% across Spain in January, much above the market forecast. The preliminary figure was up from 5.7% in December 2022, a 13-month

30 Jan, 2023 @ 12:00

Business & Finance·Lead·National News

Spain's government says economy has returned to pre-pandemic growth rates

Spain’s economy grew faster than expected in 2022 to beat recession fears

SPAIN’S gross domestic product grew by 5.5% in 2022 despite the global economic crisis which has caused rocketing prices. Figures released on Friday by the

27 Jan, 2023 @ 11:15

Lead·National News

Unemployment in Spain fell by nearly 80,000 people in 2022 with 278,900 jobs created

THE RANKS of the unemployed fell by 79,900 people in Spain in 2022 compared to the year before. That was a decrease of 2.6%, according

26 Jan, 2023 @ 19:16

Business & Finance·Lead

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

78.8% of ‘second’ home buyers in Spain’s Valencia region during 2022 were foreigners

78.8% of people who bought a second home through Valencian Community real estate agencies in 2022 were foreigners while 70.1% of those who acquired a

17 Jan, 2023 @ 18:00

Castellon·Costa Blanca·Lead·Property·Valencia·Valencian Community

Spain sees record surge in tax revenues, partly due to Covid-19 pandemic

THE COVID-19 pandemic had a lot of different effects on the way Spaniards live, from an increase in home working to a change in the

14 Jan, 2023 @ 10:00

Business & Finance·Lead·National News

Spain’s inflation rate was 5.7% in December

SPAIN’S inflation rate for December was 5.7%- a tenth lower than in provisional figures announced a fortnight ago by the National Institute of Statistics. The

13 Jan, 2023 @ 10:46

Lead·National News

Tourist spending in Spain’s Balearic Islands in 2022 smashes pre-pandemic levels

VISITORS to the Balearic Islands in the first 11 months of 2022 spent €800 million more than the whole of the pre-pandemic year of 2019.

4 Jan, 2023 @ 17:19

Balearic Islands·Ibiza·Lead·Mallorca·Menorca

Revealed: When Spain's big fashion shops start their annual January sales

EXPLAINER: A guide to Spain’s big January fashion sales

JANUARY is always the time when clothes shoppers in Spain can pick up a bargain in the big sales. Once Friday’s Three Kings holiday is

2 Jan, 2023 @ 19:30

Business & Finance·Lead·National News

Pedro Sanchez scraps tax on essential food products in Spain's latest anti-inflation package

Pedro Sanchez suspends taxes on essential food products in Spain’s latest anti-inflation package

PRIME Minister Pedro Sanchez has announced details of Spain’s latest ‘anti-crisis’ package to fight inflation in 2023. The measures were agreed at Tuesday’s meeting of

27 Dec, 2022 @ 16:30

Lead·National News

economy - Page 5