Economy - Page 12
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PP and Vox Advance Joint Agenda in Three Regional Governments
PP and Vox coalitions in Extremadura, Aragón and Castilla y León are rolling out a shared program. The focus is on tax relief, deregulation, and identity measures. Public disagreements are minimal as both parties consolidate power.
Valencia Unveils Spain’s Largest Electric Truck Charging Hub
A major electric truck charging center is nearing completion in Valencia, promising 48 high-capacity charging points and a €5 million investment. The project aims to support the city’s growing logistics sector and accelerate the shift to electric freight transport.
Thieves Steal €20,000 in Pokémon Cards from Alcalá de Henares Shop
A Pokémon card shop in Alcalá de Henares lost up to €30,000 in a swift robbery. Thieves targeted graded cards but left the rare Pikachu Van Gogh untouched. Police arrived within minutes, but the suspects escaped.
Madrid Sur Shopping Center Nears Completion with Major Brands Set to Open
Madrid Sur in Puente de Vallecas is entering the final phase of its ambitious transformation. With over 85% of retail space already leased, the center will soon welcome major brands and new leisure areas, reshaping the local shopping experience.
Mercadona Unveils Its Largest Semi-Automated Warehouse in Madrid
Mercadona has opened its biggest logistics centre yet in Vallecas, Madrid, investing €54 million in a semi-automated facility. The new hub features advanced robotics and a large fleet of ECO vans, aiming to transform the supermarket’s online delivery service.
Castellón Faces Backlash Over Massive Green Ammonia Plant Project
A major green ammonia plant in Castellón has sparked strong opposition from local groups. Critics warn of safety risks and environmental impact, while all production is set for export. Authorities are now under pressure to respond.
Mexico's Gold Rush: Can Zacatecas Become Latin America's Dubai?
Mexico's Peñasquito mine in Zacatecas now produces nearly a third of the country's gold, drawing comparisons to Dubai's wealth. Yet as foreign corporations control extraction, questions grow over who truly benefits and what the environmental cost will be.
Josep Lluís Sanfeliu to Lead Barcelona Global with Focus on Housing and Mobility
Barcelona Global has named Josep Lluís Sanfeliu as its new president. The move signals a renewed push to attract international talent and capital. Housing and mobility challenges are set as top priorities for the coming years.
Oviedo Icon Mestallón Closes After 54 Years as Sales Collapse
Perfumería y droguería Mestallón, a fixture in Oviedo for over half a century, has closed permanently. Owner Raquel Iglesias cites falling sales and reflects on the uncertain future facing small local businesses.
‘Jurassic World Dominion’ Sets Record as Most Expensive Film Ever Made
‘Jurassic World Dominion’ became the most expensive film in history, with costs reaching $658.8 million. Despite earning over $1 billion at the box office, its real profitability is now under scrutiny due to high expenses and revenue splits.
Toyota’s New CEO Targets Model Overload Amid Record Sales
Kenta Kon, recently appointed CEO of Toyota, is confronting the company’s sprawling range of models. His plan: simplify offerings to boost efficiency and profitability, even as Toyota maintains its global sales lead.
Spain Offers Up to €2,550 Tax Deduction for Families Living With Elderly Parents
Spanish families who share a home with elderly parents or grandparents may now qualify for a significant tax deduction. The measure aims to ease the financial burden for those providing daily care, with specific requirements on age, income, and cohabitation.
ING introduces 3.5% three-month deposit for new funds
ING launches a three-month deposit at 3.5% TAE for new money, available until June 30. The offer comes as banks adjust savings rates after the ECB's rate hike. Maximum investment is 50,000 euros.
CNMC Investigates Spain's Six Largest Banks Over Fixed-Rate Mortgage Pricing
Spain's competition authority has launched a probe into the country's top banks. The investigation centers on alleged coordination of fixed-rate mortgage prices. The outcome could lead to significant penalties for the sector.
BYD Eyes Abandoned European Factory for Rapid Expansion, Says Stella Li
BYD is racing to establish a new manufacturing base in Europe, but time constraints mean building from scratch is off the table. Executive Vice President Stella Li reveals the company is searching for an abandoned factory to accelerate its entry and avoid new EU trade barriers.
Five Cars That Secured the Future of Spain’s Biggest Auto Plants
A handful of car models have played a decisive role in keeping Spain’s major auto factories running and safeguarding jobs. Here’s how five vehicles became the backbone of their plants and shaped the country’s automotive industry.
Vox Pushes for National Priority and Further Cuts in Valencian Budget Law
Vox will propose amendments to the Valencian budget law, seeking to prioritize national interests in social aid and housing. The party also aims to cut subsidies for unions and business groups by another 20%.
In India, a 650-ton machine has been upgraded to operate without fuel
Giant Liebherr R 996 Excavator Converted from Diesel to Electric for the First Time. A unique upgrade was carried out in India: the 650-ton Liebherr R 996 excavator now runs entirely on electricity. The project was implemented by Lloyds Metals and Energy and could change the approach to heavy machinery in the mining industry.
How Agencia Tributaria notifications affect the statute of limitations on debt collection
A Single Tax Office Request Can Reset the Statute of Limitations on Debt. In Spain, the statute of limitations on tax debts is four years, but any official action by the tax office or the debtor can restart the countdown. This rule often comes as a surprise to those who expect their debts to be automatically written off.
The new scheme will increase payments for those who worked through alternative funds
Spain Changes Pension Rules for Mutualistas: Up to 1,200 Euros per Month. Spain has adopted a law paving the way for higher pensions for professionals who have contributed to alternative mutualidades. They can now qualify for payments of up to 1,200 euros if they transfer their service years to the Seguridad Social system.
Strict anti-food waste rules come into force in Spain
Restaurants and Shops Required to Change Their Approach to Food and Customers. Since April 4, a new law in Spain requires restaurants and shops to review how they manage food and leftovers. Businesses now face hefty fines for discarded food, while consumers can expect new options on menus and at the checkout.
Mercadona to Open Over 300 Stores on Sundays for the First Time in Summer 2026
The Chain Extends Opening Hours in Spain’s Tourist Regions. Starting June 22, Mercadona will adjust the opening hours of 320 supermarkets in coastal towns: stores will stay open longer and begin operating on Sunday mornings. The new schedule runs until August 30 and is aimed at tourists and holidaymakers.
Employers Required to Revise Shifts: Rest Periods and Days Off Can No Longer Overlap
Supreme Court of Spain bans merging daily and weekly rest days in hospitality schedules. The Supreme Court of Spain has put an end to the dispute over work schedules in the hospitality sector. Now, employers are required to provide employees with separate, uninterrupted daily and weekly rest periods—no loopholes allowed. Violations may result in serious fines.
New retirement rules to affect thousands of workers
From 2027, Early Retirement in Spain Becomes Stricter: Age and Conditions Change. Starting in 2027, the standard retirement age in Spain will rise to 67, and involuntary early retirement will only be available from age 63 with significant work experience. For many, this means having to work longer or accept a noticeable reduction in benefits.
The government allocates funds for projects for the unemployed in rural areas
SEPE launches new subsidies for temporary employment in Andalusia. Authorities have announced new subsidies for temporary employment of the unemployed in Almería, Córdoba, and Granada. The funds will support projects aimed at benefiting local residents and boosting the rural economy.
Spanish youth to get up to 90% discount on summer travel
State Allocates 130 Million Euros for the Verano Joven 2026 Program. From July 1 to September 30, young residents of Spain will be able to travel across the country and Europe with significant discounts on transportation. The Verano Joven 2026 program will once again support youth, allocating 130 million euros for this purpose.
Spain's defense sector faces staff shortages due to mass retirements
Spanish Defense Industry Seeks 350,000 Specialists with Salaries Starting at €80,000. Spain's defense sector faces an urgent need for qualified personnel: in the next few years, it will have to replace hundreds of thousands of employees retiring. The average salary in the industry exceeds €80,000, but finding the required specialists is becoming increasingly difficult.
Barcelona tests asphalt made from olive pits: an eco-friendly experiment on city streets
City Implements Innovative Material to Reduce CO₂ Emissions. Barcelona authorities are launching trials of a new type of asphalt infused with biochar made from olive pits and wood waste. This approach could reduce CO₂ emissions from road surfacing production by up to 75% and pave the way for more sustainable urban construction.
New pension indexation faces the reality of tax deductions
Pension Increase in Spain: Why Most Won't Feel the Raise. In 2026, pensions in Spain will rise again by 2.7%, but not everyone will notice the difference. Due to the specifics of taxation, part of the increase will be withheld by the state, so the real payouts will be lower than announced.
Spanish chain cuts ties with facilities linked to military holding Gaesa
Meliá Leaves 15 Hotels in Cuba Amid US Pressure. Meliá Hotels International has announced the immediate termination of management for 15 hotels in Cuba. The decision is linked to US sanctions against properties controlled by the military holding company Gaesa. The company will continue operating only those hotels not affected by the restrictions.
Court Recognized Private Pension Plan Income as Basis for Benefit Repayment
Pensioner loses supplement and must return 14 thousand euros by court decision. A resident of Castilla-La Mancha lost his right to a pension supplement after his income from a private pension plan exceeded the limit. The court ordered him to return more than 14 thousand euros received over several years.
Who Is Entitled to a One-Time Compensation for Occupational Disability
Self-employed in Spain Can Receive a Lump Sum Instead of a Pension: What You Need to Know. Spanish self-employed workers may, under certain conditions, replace a disability pension with a one-time payment. The amount of compensation depends on the cause of incapacity and the selected insurance options. It is important not to miss the application deadlines.
A doctor with 43 years of experience loses part of his payments due to six months
Pension Minus 50 Euros: How the System Punishes Early Retirement. 71-year-old Manuel Guarino, who has worked for over 43 years, receives a pension with a lifelong reduction for retiring just six months early. His story highlights the plight of thousands of Spaniards with long careers who are demanding the removal of penalties for early retirement.
Who is eligible and how much will be paid for childbirth, adoption, and private kindergartens in the capital
Madrid launches new family payments: up to €1,000 for birth and up to €3,113 for kindergarten. In 2025–2026, Madrid will launch a major program to support families: payments for the birth and adoption of children, as well as substantial subsidies for private kindergartens. The amount of aid depends on the number of children and the family's income.
Rule changes open new opportunities for engineers and auto mechanics
Spain simplifies access to ITV jobs for technical graduates. Spain has expanded the list of qualifications required for working as an inspector or technical director at ITV stations. Now, candidates with education in automotive mechanics, engineering, and related fields are eligible to apply for these positions. The new regulations are already in effect, making the labor market in this sector significantly more accessible.
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