Economy - Page 11
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Spanish Farmer Exposes Unfair Competition from Moroccan Agriculture
Alberto Tomás, a farmer from La Rioja, warns that Spanish agriculture is under threat as companies move production to Morocco, taking advantage of lower labor costs. He argues that strict regulations and rising expenses are making it harder for Spanish farmers to survive.
Monaco’s Mirazur Capital Acquires Majority Stake in Barcelona’s Marina Port Vell
Mirazur Capital from Monaco has taken control of Marina Port Vell in Barcelona, buying out Qinvest’s majority stake. The move aims to strengthen the marina’s position as a premium superyacht destination. The concession runs until 2048.
Vox Pushes for 'Prioridad Nacional' in 2026 Valencian Budget
Vox demands the 2026 Valencian budget explicitly include 'prioridad nacional'. The PP needs Vox's support to pass the accounts. Opposition parties challenge the move, escalating the political standoff.
SEPI President Belén Gualda Named as Suspect in ‘Leire Case’ Probe
Spain’s National Court has summoned SEPI president Belén Gualda and over 20 others as suspects. The investigation centers on alleged irregularities in state-backed company rescues during the pandemic. The case could impact oversight of public funds.
Spain Ends Fuel VAT Cut, Introduces Gradual Pump Discount Until October
The Spanish government will phase out the reduced VAT on fuel, replacing it with a direct discount at the pump. The measure starts at 15 cents per litre in July and will disappear by October. Support for transport and agriculture remains unchanged.
ODEON Turizm tops Turkish travel export rankings for fourth year
ODEON Turizm has again led Turkey’s travel service exports, serving 1.6 million tourists and reaching $1.6 billion in export value. The company received its latest award at a ceremony attended by the country’s top officials.
Corendon Expands to Caribbean Cruises After Double Export Award
Corendon Group has launched regular Caribbean cruise routes, expanding its tourism portfolio. The company also received a double export champion award in Turkey, highlighting its rapid international growth.
Zapatero Linked to Plus Ultra Rescue Demands for Guaranteed Payout
Judicial documents reveal Zapatero's involvement in securing Plus Ultra's €53 million rescue. Investigators found demands for a guaranteed payout, bypassing technical reviews. The case exposes high-level political influence.
Why 20 Years of Contributions Won't Let You Retire Early in Spain
In 2026, Spaniards with 20 years of contributions must wait until 66 years and 10 months to retire. This work history qualifies for a contributory pension, but not the full amount. The rules are stricter than many expect.
Generational Divide in Spain: Economist Highlights Contrasting Saving Habits
Economist Gonzalo Bernardos points to a sharp split in financial behavior between young and older Spaniards. He notes a decline in long-term sacrifice among youth and a conservative approach to spending among pensioners.
Universal €200 Child Benefit Proposed for All Families in Spain
A new proposal could see Spanish families receive €200 per month for every child under 18, with no income or employment restrictions. The measure is not yet law, but it is sparking debate about its potential to reduce child poverty.
China and EU Face Off in Brussels Over Trade Imbalance and Supply Chain Risks
China and the EU prepare for a high-stakes meeting in Brussels amid rising trade tensions. New legal measures and supply chain concerns dominate the agenda. Both sides seek to defend key economic interests.
Spain Faces €18 Billion Bill from Senior Unemployment Subsidy Reform
A major overhaul of Spain’s unemployment subsidy for those over 52 is set to cost the Social Security system nearly €18 billion. The benefit, now closely tied to early retirement, has seen its impact grow sharply since the 2019 reform.
Spain’s Over-52 Unemployment Subsidy Fuels Soaring Public Costs
A 2019 overhaul of Spain’s unemployment subsidy for over-52s has sharply increased both the number of recipients and the long-term financial burden on the state. Experts warn the benefit now acts as a de facto early retirement path, with billions in future pension costs at stake.
Spanish Farmer Challenges Supermarket Onion Prices
Pascual Cabedo, founder of EAP, highlights the stark gap between what farmers earn for onions and what shoppers pay in stores. His online platform aims to ensure Spanish produce and fair prices by connecting growers directly with families.
Canary Islands Unveil Social Benefit That Tops €700 and Stacks With IMV
A new social benefit in the Canary Islands allows vulnerable households to receive over €700 monthly, even if they already get the Ingreso Mínimo Vital. The payment adjusts for family size and is designed to help with essential living costs.
Andalusia Unveils First Critical Minerals Map Amid EU Supply Race
Andalusia now has its first map of critical minerals, pinpointing 365 sites for 14 EU-listed substances. The project could reshape industrial supply chains and boost regional mining prospects.
Catalonia Secures Over €10 Billion in EU Recovery Funds
Catalonia has attracted more than €10 billion from the EU's recovery fund. The impact is estimated at 6.2% of the region's GDP. Authorities expect the total to rise as Spain allocates remaining funds.
Leche Pascual Files ERE for Entire Workforce at Gurb Plant After Sale
Leche Pascual has initiated an ERE for all 80 employees at its Gurb plant. The closure follows the sale to Casa Tarradellas, raising uncertainty over job continuity. Workers question the company's motives and future offers.
Guardia Civil Detects Irregularities in Red.es Contract Linked to Barrabés
The Guardia Civil has uncovered signs of arbitrary decisions in a Red.es contract. Investigators point to preferential treatment for a consortium involving Barrabés. The case is part of a wider probe into public procurement.
Finance Minister Presses Llorca to Negotiate Regional Funding Model
Arcadi España urges Juanfran Pérez Llorca to engage in talks on Spain’s regional financing. The minister warns against tax cuts while demanding more state funds. The standoff highlights growing tension over fiscal policy.
Judge Probes Red.es Contract Awards Over Alleged Irregularities
A Red.es contract award is under judicial scrutiny for alleged arbitrariness. The Civil Guard highlights emails suggesting favoritism toward a specific bidder. The case is part of a broader investigation involving public funds.
Pamplona to Charge for San Fermín Bull Run Broadcasts in Landmark Deal
For the first time, Pamplona will receive direct revenue from the televised broadcast of the iconic San Fermín bull runs. A new agreement with RTVE and EITB sets annual payments and grants access to decades of historic footage.
Spanish Tax Agency Halts Sale of Historic San Claudio Factory Over Low Bid
The Spanish Tax Agency has suspended the sale of the former San Claudio ceramics factory in Oviedo after the highest bid fell far short of the set value. The future of the landmark industrial site remains uncertain as authorities weigh their next move.
Colombia to Cut Legal Workweek to 42 Hours Without Salary Reduction
Colombia will lower its standard workweek to 42 hours from July 2026. Salaries and benefits remain unchanged, but overtime thresholds and shift planning will be affected. Employers must adapt schedules to comply.
UDEF Links Zapatero to €200,000 Payment for Alleged Influence in Bolivia
Spanish police allege former Prime Minister Zapatero received €200,000 to sway Bolivian authorities for a Peruvian group. The UDEF report suggests a simulated contract and hints at a broader criminal structure.
Government Approved €112.8 Million Rescue for Tubos Reunidos After Political Pressure
Sara Aagesen initially blocked state aid for Tubos Reunidos, but reversed her stance weeks later. The change followed lobbying by the PNV and high-level government contacts. The case highlights political influence in major financial rescues.
Housing Market Cools in Major Spanish Cities as Stock Rises
A surge in available homes is signaling a slowdown in Spain’s largest cities. With more properties on the market and early signs of price negotiations, buyers may find new leverage—especially outside city centers.
Corruption Allegations Link PSOE and PNV Leadership to Tubos Reunidos Case
A corruption network allegedly involving top PSOE and PNV officials is under investigation. The case centers on a €112.8 million loan to Tubos Reunidos and €247,459 in commissions. Political pressure and secret communications are at the heart of the probe.
Lleida Farmers Demand €1 Million After Hemp Crop Seized as Marijuana
Two Lleida farmers seek €1 million in damages after police mistook their legal hemp for marijuana. The crop was seized and held for two years, causing severe financial loss. A toxicology report later confirmed the plants were non-psychoactive.
Major Summer Sales Begin in Spain: Discounts Up to 50% in Leading Chains
Spain's summer sales season is underway, with top retailers offering up to 50% off. Not all stores start at the same time. New EU tariffs will make Chinese platforms more expensive from July.
Spanish Farmers Warn: Selling Land to Investment Funds May Soon Outpay Farming
Juan Francisco Rodríguez Chamorro, a farmer from Extremadura, says investment funds are rapidly buying up farmland as small producers struggle with high costs and low profits. Many now see selling as more viable than working the land.
Major Fashion Chains Move Up 2026 Summer Sale Dates Across Spain
Spain’s leading fashion retailers are launching summer sales earlier than ever in 2026. Key brands like Zara and Mango have shifted dates and digital start times, intensifying competition for shoppers.
Spain Faces €18 Billion Strain from Overhaul of Unemployment Aid for Over-52s
The 2019 reform of Spain’s unemployment subsidy for those over 52 has nearly tripled recipients. This surge is set to cost the state almost €18 billion by 2030, raising concerns over the sustainability of public finances.
Fedea Warns Unemployment Subsidy for Over-52s Raises Public Costs
Fedea highlights that changes to the unemployment subsidy for those over 52 have led to higher public spending and reduced motivation to return to work. The reform has significantly increased the number of beneficiaries.
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