Economy - Page 10
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SEPE Opens Access to €570 Unemployment Subsidy with Just 90 Days Worked
Workers in Spain who lose their jobs with as little as 90 days of contributions can now apply for a €570 monthly subsidy. The measure targets those without enough work history for standard unemployment benefits, but strict income and family criteria still apply.
Geely Raises Export Ambitions After Acquiring 34% of Ford España
Geely has sharply increased its export targets for 2026, aiming to ship 920,000 vehicles outside China. The move follows a major stake in Ford España and reflects shifting strategies as domestic demand weakens.
SEPE Tightens Penalties: Subsidy for Over-52s at Risk for Rule Breaches
Spain’s SEPE is enforcing stricter penalties for those receiving the over-52 unemployment subsidy. Repeated minor breaches can escalate to full loss of benefits, while fraud or undeclared income may trigger immediate termination. Here’s what beneficiaries need to know.
Upgrading Neighborhoods in Spain Risks Pricing Out Longtime Residents
Making Spanish neighborhoods more attractive often leads to higher housing costs, hitting low-income families hardest. Economist Joan Monràs argues that without more homes, upgrades can push out existing residents and widen social divides.
Spain to Allow Pensioners to Work as Self-Employed While Receiving 25% of Pension
From August 2026, Spain will introduce a new flexible retirement scheme allowing pensioners to return to self-employment and receive 25% of their pension. The change comes with strict eligibility criteria and aims to modernize the way retirees can combine work and benefits.
Why a Bilbao Bricklayer Says Small €50 Jobs Are Sometimes Worth It
Marcos Silva, a Bilbao-based bricklayer, argues that taking on €50 jobs can make sense during slow periods. He highlights the realities of freelance construction work in Spain, where staying active and covering costs often outweighs waiting for bigger contracts.
Government Launches Economic Recovery Plan for Ceuta After Migration Crisis
Madrid is preparing a major financial package for Ceuta after the recent migration crisis. The first 25 million euros will focus on minors, with further support planned. Local businesses and services expect targeted relief.
Ceuta Socialist Criticizes Government Over Migrant Crisis Response
Ceuta’s vice president accuses the central government of failing to restore order after thousands of migrants arrived. Local officials demand clear action and accountability as the city remains under pressure.
Hotel Stays in Spain Hit Record High Despite Sharp Price Increases
Spanish hotels set a new July record for overnight stays, even as average room prices rose 7%. Foreign tourists drove growth, while domestic demand slipped. The sector faces limits in capacity and rising costs.
Monte dei Paschi Counters Intesa Sanpaolo With Dual Takeover Bid
Monte dei Paschi di Siena launches a €34 billion bid for Banco BPM and Banca Generali. The move aims to block Intesa Sanpaolo’s acquisition attempt. Market reaction remains cautious amid doubts over the deal’s success.
Spain Faces Irreversible Spread of Invasive Red Crab in Doñana
The American red swamp crayfish, once introduced to Andalusia for economic gain, has become an unstoppable force in the Guadalquivir marshes and Doñana. Its presence has altered ecosystems, threatened native species, and created a new industry that Spain can no longer simply remove.
Madrid Approves Major Tech District in Valdebebas with 23,800 Jobs Planned
Madrid is set to transform 85 hectares in Valdebebas into a new technology district, with the potential to create nearly 24,000 jobs. The project, still in early planning stages, could reshape the city’s innovation landscape and public spaces.
Spain Sets New Retirement Age Rules for 1962 Generation Starting 2027
From 2027, Spaniards born in 1962 face new retirement thresholds as the 2011 reform takes full effect. The rules will impact eligibility, pension amounts, and the timing of retirement, with notable differences by gender and occupation.
Former DGT Chief Slams Spain’s Road Conditions as 'Unacceptable'
Gregorio Serrano, ex-head of Spain’s DGT, has sharply criticized the state of Spanish roads, calling them 'absolutely lamentable.' He warns that neglecting maintenance is putting drivers at risk and damaging the country’s reputation.
Catalonia Faces Economic Strain from Low-Paid Social Services Sector
A new report highlights how low wages in Catalonia's social services create a cycle of underfunding. The system struggles to cover public costs, raising concerns for the region's economy and future welfare.
Chery's Barcelona Venture Drives Overseas Revenue Surge
Chery Automobile, now producing vehicles in Barcelona with Ebro Motors, saw its overseas revenue surpass domestic sales for the first time. Despite a 9% drop in profit, the company’s international expansion is reshaping its business.
Móstoles Allocates €880,000 for Event Catering Including Sushi and Jamón
Móstoles Desarrollo sets a four-year catering budget ceiling of €880,000 for events. The framework covers sushi, jamón with live carving, and other gourmet stations. The opposition questions the public benefit of this spending.
Spain’s Most Reliable Electric Cars Revealed: OCU Ranks the Top Brands
Electric cars now account for 20% of new registrations in Spain, with reliability matching combustion models. OCU’s latest survey highlights which brands have the fewest breakdowns and how battery life is exceeding expectations.
Morocco Relaxes Visas for Africans While Criticising Spain’s Migrant Policy
Morocco has eased visa rules for several African countries, aiming to boost regional ties. At the same time, Rabat openly challenges Spain’s approach to regularising undocumented migrants. The shift comes amid rising migration pressures at the Ceuta border.
Electric Car Sales Surge in Europe as Incentives Drive Global Growth
Global electric vehicle sales climbed 9% in July, led by a dramatic surge in Europe where government incentives have fueled demand. China and North America, however, show contrasting trends as the market landscape evolves.
Retirees in Spain Can Boost Pensions by 25% When Returning to Work
From August 2026, Spanish pensioners who return to part-time work can receive up to 25% more on top of their previous pension. The new law also opens this option to certain self-employed workers, changing how retirement and employment can be combined.
Madrid Allocates €1 Million to Support Businesses Hit by Wildfires
Madrid’s regional government launches €1 million in aid for small businesses and self-employed workers who lost IT equipment in recent wildfires. Grants of up to €5,000 per business will help restore operations.
Trump Threatens Oman Over Strait of Hormuz Deal with Iran
Tensions rise as Oman pursues a new agreement with Iran on the Strait of Hormuz. The US, led by Trump, threatens military action if Muscat disrupts its strategy. Gulf states watch closely as economic stakes grow.
Madrid Faces Backlash Over Europe’s Largest Wave Pool Project
A 60-million-euro wave pool near the Metropolitano stadium has sparked protests in Madrid. Residents and environmentalists warn of excessive water use and legal uncertainty. The project is set to open in 2027 despite a court ruling.
Catalonia Sees 32% Jump in Inheritance Tax Revenue in Six Months
Catalonia's government collected €692 million from inheritance tax in six months. Property transaction taxes also surged, reflecting a hot real estate market. The trend signals higher fiscal pressure for heirs and buyers.
Gonzalo Bernardos: Early Retirement at 55 Is Not an Option for Most
Economist Gonzalo Bernardos has warned that retiring at 55, 56 or 57 is nearly impossible under Spain’s current pension laws. Only a handful of exceptional cases qualify, while most workers must wait until at least 65 or face significant reductions.
Burgos Seeks to Buy 40 Madrid Buses After Devastating Depot Fire
Burgos plans to purchase 40 buses loaned by Madrid after a fire destroyed half its fleet. City officials say the vehicles are in better shape than many older ones. Buying new buses would be far more expensive.
Seville Farmer Boosts Land Income 19-Fold by Leasing to Solar Project
José Portillo, a farmer from Carmona, saw his earnings per hectare jump from €100 to €1,900 after leasing his land for a solar installation. His story highlights the financial impact of renewable energy projects on traditional agriculture in Andalusia.
Chinese Battery Makers Tighten Grip on Global EV Market
Chinese manufacturers now supply over 70% of the world’s batteries for electric and plug-in hybrid vehicles. CATL and BYD lead the surge, reshaping the industry and challenging global competitors with rapid growth and expanding influence.
Disney's Production in Alicante Brings €40 Million Boost to Valencia
Disney's live-action 'Enredados' is driving a surge in economic activity in the Valencian Community. The Generalitat estimates a direct impact of over €40 million. Alicante's Ciudad de la Luz is at the center of this international production.
Pilar García Warns Pension System Faces Strain as Lifespans Rise
Pilar García de la Granja highlights a growing gap in Spain’s pension system, noting that benefits now cover nearly three decades of retirement instead of the original ten. Rising life expectancy and new flexible retirement rules are reshaping the debate.
US Maintains Economic Pressure on Cuba, Rules Out Quick Regime Change
The US is intensifying economic sanctions on Cuba, aiming for gradual change by 2029. Officials reject immediate intervention, leaving Cubans facing worsening shortages and uncertainty.
Vigo Mayor Abel Caballero Promises Bigger Stage for Bad Bunny
Vigo's mayor, Abel Caballero, claims the city could offer Bad Bunny a better stage than anywhere else. He also dismisses Felipe González's political influence and insists Pedro Sánchez's leadership is far from over.
Toyota Tightens Its Grip on Spain’s Hybrid and Electric Taxi Market
Toyota now accounts for nearly two-thirds of new taxis in Spain, driven by demand for self-charging hybrids and a growing share of electric models. The shift comes as overall taxi registrations decline and city rules push for cleaner fleets.
Bizum Pay Hits 1.6 Million Terminals but Lags in Spanish Stores
Bizum Pay is now compatible with over 1.6 million payment terminals in Spain. Yet, most physical stores have not activated the service. Shoppers face delays as retailers hesitate to implement the new system.
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