Bankruptcies in Spain rise by a third during 2021 but start-up numbers are even bigger
THE number of businesses declared bankrupt in Spain last year rose by 31% compared to 2020. In contrast, 102,169 new companies were registered in 2021,
Food and power prices boost Spain’s inflation rate to highest figure in nearly 30 years
SPAIN’S inflation rate has hit 6.7% this December- the highest annual hike since March 1992. Official figures published on Thursday from the National Statistics Institute(INE)
Barcelona’s Gerard Pique gets big tax break from Spain’s Supreme Court
BARCELONA footballer Gerard Pique has landed a €2.1 million pre-Christmas windfall courtesy of Spain’s Supreme Court. Pique, 34, has been given a refund of a
Clean bill of health: Spain’s health system is amongst best in EU for protecting people from financial hardship
PEOPLE in Spain are less likely to suffer financial hardship due to healthcare costs than in most other European countries. The financial crisis in Spain
Banco Santander ordered to pay banker €68 million just months after big staff cuts and branch closures in Spain
A Madrid court has ordered Banco Santander to pay €68 million to Italian banker Andrea Orcel for reneging on an offer to make him CEO
Inflation soars to highest level in Spain for 29 years due to rising fuel prices
INFLATION skyrocketed to an annual 5.4% rise in October according to Spain’s National Institute of Statistics(INE). It’s the highest level in 29 years and is
Andalucia 2022 budget includes €90 million inland tourism boost for Malaga
THE province of Malaga in the region of Andalucia has been awarded a €90 million budget boost increase over last years funding of €351.4 million.
Sabadell Bank in Spain boosts profits thanks to TSB subsidiary plus massive job cuts and branch closures
SABADELL Bank profits have leapt up by 82.4% between January and September compared to the same period last year. Spain’s four-largest bank has recorded a
HELP NEEDED!: When talking to lenders the list of documentation can seem endless
IT can be more than a chore to find, negotiate and sign a mortgage in Spain – it can be the single most important financial
Adios to financial legend: Bill Blevins dies
ONE of the best known expat financial figures has passed away in his seventies. Bill Blevins, the joint founder of expat financial services company Blevins
QUIDS IN: Number of Spanish millionaires set to soar
SPAIN now has 1,147,000 millionaires according to Credit Suisse. Following current trends, this number will rise up to between 1,800,000 and 2,000,000 by 2025; this
Hundreds queue at banks across Spain in last chance to cash in old pesetas
HUNDREDS of people queued along Spain’s streets yesterday in a race to exchange old pesetas for euros ahead of the final deadline. Wednesday (June 30)
DEAR JENNIFER: How can you help with all this extra post-Brexit paperwork?
You must be so careful with your documentation and paperwork in Spain. It has become far more complicated and involved, since the finalisation of Brexit.
EROSKI supermarket chain benefits from last year’s pandemic lockdown in Spain
EROSKI supermarkets have seen a big pandemic boost of a 30% rise in operating income which hit €252 million last year. The company’s sales rose
Arrests in Spain’s Madrid and Tenerife as humanitarian aid for Syrian orphans ‘diverted to finance terrorism’
SPANISH police have arrested three men who allegedly used humanitarian aid for Syrian orphans as a cover to finance terrorism. PolicÃa Nacional supported by Europol,
MONEY MATTERS with CHORUS FINANCIAL on why UK investment values are falling
Money Matters from Chorus Financial answers all your questions on finance, tax, pensions, investments and more here in Spain. This week we received the following
4 DAY WEEK: Spain considering pilot project that will cut hours worked to 32 for same money
SPAIN is on the verge of launching a €50 million trial of the four day working week. The national government has reportedly informally agreed to
DEAR JENNIFER:- Why do I need to get insurance and funeral plans urgently sorted now?
I personally am feeling very upset about Brexit as no lorries seem to be getting here and English supermarkets are getting emptier and emptier. Let
Brexit, currency transfers and the law in Spain
As we adjust to life post-Brexit there are many things to consider, but if you need to move money abroad there is one particular change
SWAN’S CORNER: Legal Pointers on Building Work in Spain’s Valencian Community
So you have found your perfect fixer upper home in the Valencia region and now its time to put your own stamp in it! Here
SWAN’S CORNER: Do I really need to make a Spanish will?
It is all too common for many of us to put off making a will in Spain. After all, it is very much part of
SWAN’S CORNER: Time to check if you have to declare your non-Spanish assets on Form 720
SPRING is on the way and so you MUST check if you are obliged to file a 720 Declaration by the end of March to
Investors Beware: Stay on the right side of change!
Change is happening all around us, nothing stands still for long. It would’ve been incredibly hard to plan ahead for 2020, instead we had to
MONEY MATTERS: UK ISAs and bonds in Spain
With Tracy Storer, Senior Partner, Chorus Financial This week we received the following question from Mrs Sandra W. from Altea. Dear Tracy, I am in
Spain’s Andalucia to approve €1,000 grants for small businesses and self-employed workers affected by recent COVID-19 restrictions
THE Junta is set to approve €1,000 grants for the self-employed and workers most affected by recent COVID-19 restrictions. The Andalucian government plans to give
Spain’s Andalucia, among the EU regions hardest hit economically due to COVID-19
The most socially and economically hard-hit regions are those that were under strict lockdown measures for the longest period and not necessarily those with the