Spanish Economy News

05 January 2016

A Historic Year for the Euribor

As a homeowner with a mortgage, with still plenty of years left to pay, repayments have been made so much easier over the last five or six years. With the economic crisis in 2008, my monthly...

02 January 2016

More than 68 Million Tourists to Have Visited Spain in 2015

One sector that’s improving with each year that passes is that of tourism. And 2015 was no exception. Conflict in nearby countries, the depreciation of the euro against the dollar and British pound...

Bankia to charge commission on cash withdrawal

30 December 2015

Bankia Applies 98 Cent Fee for Cash Withdrawal

Withdrawing money out of a cash machine that isn’t part of your own bank’s network is becoming a lucrative business. That is for the banks themselves, however. For the customer it’s turning into a...

29 December 2015

Ryanair Will Still Be Flying High in Spain Next Year

Despite the bad publicity received, the Irish low-cost airline Ryaniar is still flying high across Spain and will continue to do so for at least the next fiscal year for certain. By the end of 2015,...

29 December 2015

Foreign Investors Inject 36 Billion Euro in Spanish Companies This Year

We continue to write about it, but the recovery of the Spanish economy has had massive beneficial effects in many sectors of the economic and financial arenas. Retail and consumer confidence are up,...

28 December 2015

Government Proposes Minimum Wage Increase of 1%

The government has asked the country’s trade unions to agree to an increase in the minimum wage of 1% next year, which would take the full sum up to 655,08 euro a month. This would be double that of...

22 December 2015

Expansion Launches Online Golf Shop

Being a 40-year-old female, I can safely say that golf is not my preferred sport. However, I am aware of its popularity, particularly in the area that I live on the Costa Blanca. Golf is generally...

21 December 2015

Spanish Stock Market Shakes after Elections

Spain’s stock market lost 3% and dropped to a total of 9,400 points before the clock had even struck 9 a.m. this morning. But that’s hardly surprising after the uncertainty generated from the result...

16 December 2015

Amazon Plans to Construct Biggest Distribution Centre in Southern Europe in Barcelona

Multinational online-shopping giant Amazon has acquired a 150,000 square metre plot in El Prat de Llobregat, Barcelona, for the intention of building the largest logistics and distribution centre in...

08 December 2015

Sales of Red and Processed Meat Plummet after WHO Cancer Link Warning

The WHO report published six weeks ago that linked processed and red meat to the development of cancer resulted in a short-term detrimental impact on the sales of cold meats, sausages and minced beef...

07 December 2015

Alicante Construction Company Builds Fourth Luxury Hotel in Qatar

There probably aren’t many companies in Spain that are grateful that the economic crisis took place in Europe. Many companies went bust and thousands of employees lost their jobs. However, a small...

03 December 2015

Madrid and Barcelona Head New Openings of Luxury Sector Businesses

With the news that Spain has more than left behind the times of crisis and is now enjoying a period of economic expansion, it should come as no surprise that business is booming in the luxury retail...