economy

12 January 2015

Autonomous Regions to Increase Health and Education Budget This Year

Maybe it’s a coincidence that there are elections this year, and maybe it’s not, but every single autonomous region in Spain, except Aragón, has announced that they are to increase their budgets this...

12 January 2015

Carrefour to Create 3,000 Permanent New Jobs This Year

French supermarket chain Carrefour employed a total of 2,000 young people in 2014, giving them permanent contracts and taking its total of employees up to 41,000 across the whole of Spain. Almost 90...

09 January 2015

Sales Kick Off with High Expectations of Increased Sales on 2014

This year’s winter sales officially began on Wednesday and retailers have high hopes for increased sales on those from 2014. Consumers are expected to part with an average of 60 to 80 euro each over...

09 January 2015

How Easy Is It to Move Out into Your Own Home?

The wages people get paid in Spain are low. Well, that’s unless you’re high up in a bank, or a politician. I’m neither of the two. Nor do I want to be, thankfully. Your wages also depend on where you...

Public service costs and transport prices frozen

30 December 2014

Prices to Stay the Same for Energy, Communications and Transport in 2015

The Government has announced that prices for the country’s main public services and transport will remain frozen or experience a slight decrease in 2015. This is mainly due to the effects of...

30 December 2014

Next Year Is the Year in which the Property Market Will Take Off

The property market in Spain is stabilising, say the experts. And this is more evident than not in the country’s larger cities. The forecast for next year is that property will sell more quickly, a...

29 December 2014

Minimum Wage to Increase from January 2015

The minimum wage in Spain has been fixed at 648,60 euro a month or 21,62 euro per day from next year, according to the royal decree published in the Official State Bulletin (BOE) last week. This sum...

26 December 2014

Hospitality Sector Sees Growth for the First Time in Six Years

After six years of poor results which has seen the hospitality sector losing trade year after year, President of the Spanish Hospitality Federation (FEHR), José María Rubio, announces a 3% growth at...

26 December 2014

What Do the Falling Petrol Prices Mean for the Economy?

Petrol prices currently seem to be in freefall. This week the cost of Crude Brent has dropped below the magical 60 dollar a barrel threshold, and it looks like it’s not going to stop there. Maximum...

22 December 2014

Swiss Bank Estimates that Spanish Property Prices Will Continue to Fall in 2015

Swiss bank UBS has stated that it believes that house prices in Spain have not reached their lowest yet and that they will continue to fall throughout 2015. In concrete, it has forecast that Spanish...

20 December 2014

De Guindos Forecasts 2% Economic Growth in 2015 and the Creation of New Jobs

Luis de Guindos, Economy Minister for the Spanish Government has proclaimed that we have left behind the worst economic crisis of the modern world and look forward to a positive 2015 with a growth in...

26 November 2014

The Spanish Economy in 2019

How are you faring since the start of the economic crisis? Have things improved or are you struggling under the pressure of taxes, interest rates and low wages? Are you hanging on until it gets...