Economy - Page 13
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First successful hydrogen-powered flight simulation conducted in the US
Rolls-Royce tests hydrogen engine: aviation braces for change. Rolls-Royce and easyJet have tested a commercial aircraft engine running exclusively on hydrogen. The test, conducted in the United States, demonstrated that the technology can operate reliably. However, large-scale hydrogen flights remain a distant prospect—major engineering and infrastructure challenges lie ahead.
BBVA, Santander, Bankinter and Deutsche Bank attract clients with new bonuses
Spanish Banks Launch Salary Race: Who Pays What for Switching Accounts. Spanish banks are offering record bonuses for transferring salaries or pensions. BBVA, Santander, Bankinter, and Deutsche Bank are competing for new customers by promising cash rewards, higher interest rates, and free services. The terms of these promotions vary significantly.
How Migration Transforms the Labor Market and Impacts the Country's GDP
Immigrants Drove 80% of Spain’s Economic Growth in Five Years. In recent years, Spain has experienced a record influx of migrants, becoming a key driver of economic growth. New workers are supporting the labor market and helping to offset population aging, but their arrival also sparks heated debates about the future of the social system.
The main condition for assistance is timely declaration
Income Below 723 Euros: How to Get Ingreso Mínimo Vital and Keep Your Benefit. Spaniards with a monthly income below 723 euros may be eligible for the Ingreso Mínimo Vital if they file their tax return by June 30. This is a mandatory requirement to maintain the benefit and prove status as a person in need.
The Tax Agency sends out mass notifications about potential errors in tax returns
Letter from Hacienda: How to Avoid Fines and Overpayments During the Declaration Campaign. This year, tens of thousands of Spaniards received letters from the tax authorities asking them to review their tax returns. This step allows you to correct errors in time and avoid unpleasant consequences—from interest charges to fines.
A lawyer explains why delays and choosing the wrong attorney can be risky
Three Mistakes After Dismissal That May Cost You Compensation. Mistakes made in the first days after dismissal can cost an employee not only stress, but also their rightful compensation. Lawyer Juanma Lorente has identified three main pitfalls that even experienced employees often fall into. We explain how not to lose your right to severance pay.
From August, disposable sugar, sauces, and cream will disappear from cafés in Spain
EU Introduces New Packaging Rules: What Will Change for Businesses and Customers. Starting August 12, cafés, bars, and restaurants in Spain are required to stop using plastic packaging for sugar, cream, sauces, and other products. The new European regulations will impact familiar service practices and force establishments to adjust their operations.
Dangerous Oriental Fruit Fly Detected in Spain for the First Time
Three Specimens of Bactrocera dorsalis Detected in Cantabria — What This Means for Spain. Cantabria has recorded the first appearance of the oriental fruit fly, one of the most destructive pests for fruit crops. Experts are concerned about potential threats to harvests and farmers' incomes, but at this stage, there is no sign of widespread infestation.
The 58-year-old Asturian continues to work on national routes
Six Million Kilometers Behind the Wheel: Why This Amazon Driver Isn’t Planning to Retire. A 58-year-old driver from Asturias has logged over six million kilometers in his career and has no plans to slow down. After years of international routes, he chose to work for Amazon in Spain and is confident he’s found his place on the country’s roads.
Economist reveals real figures and explains why young people have little to rely on
Gonzalo Bernardos Accuses Spanish Authorities of Failing Affordable Housing Policy. Spain’s population has grown by 10 million over the past 30 years, yet fewer new apartments are being built. Economist Gonzalo Bernardos analyzes why public housing has become nearly unattainable and how outdated regulations are preventing young families from accessing homes.
Why It's Important to Check Contribution Periods If You Worked Part-Time
An Error in Employment History Can Cost Hundreds of Euros in Pension. Incorrectly recorded periods of employment can lower future pensions, even for those who have worked continuously. This issue especially affects people with part-time jobs. New regulations allow employment records to be recalculated, but only if the error is detected in time.
New rules for people with disabilities: full pension without penalties
Who in Spain Can Retire 10 Years Early Without Losing Benefits. Spain has expanded the list of illnesses that entitle people to early retirement without reduced payments. Now, some citizens with disabilities can retire as early as 56 and still receive the full amount, provided all criteria are met. The changes affect tens of thousands of people.
From 2026, some entrepreneurs will pay 42% more
Government sharply increases minimum contributions for over a million self-employed. Starting in 2026, the minimum contribution base for self-employed founders and family employees will rise to €1,424.40. This will increase monthly payments to €448 and could lead to debts for those who do not update their payments.
New cement formula promises energy savings and less climate impact
US Researchers Propose Cement Without Limestone: Opportunity to Cut CO₂ Emissions in Construction. American researchers have developed a method to produce Portland cement without limestone, using basalt as a substitute. This could reduce CO₂ emissions and lower energy consumption in construction. The key question is how feasible it is to introduce this technology in an industry where change comes slowly.
How changing your tariff and adjusting heating can actually save you money
How to Legally Reduce Your Gas Bill in Spain Without Investment or Renovation. Many families in Spain have been overpaying for gas for years by not changing their tariff or reviewing their terms. Meanwhile, switching to a regulated tariff plan and making simple adjustments to heating temperature can save up to 20%—all without extra costs or complications.
Why are there so few young people in construction and why is English required?
“Speak English to the Bricks”: How Experienced Builders Are Being Pushed Out of the Market. A 64-year-old Madrid builder with five decades of experience has faced an unexpected requirement—fluency in English. His story highlights how formal criteria are preventing the industry from attracting new workers and retaining seasoned professionals.
The reform changes access rules to benefits for unemployed EU citizens
EU Allows Countries to Limit Social Assistance for Unemployed Foreigners. The European Union has agreed on a reform that will allow member states to restrict access to social benefits for EU citizens who are unemployed and have no ties to the local social security system. The new rules will affect those relocating without an employment history.
Why a long employment record doesn't protect against losses with early retirement
Pension in Spain Could Decrease by 15% Even with 41 Years of Service. In Spain, even those who have worked for over 41 years risk losing up to 15% of their pension if they choose to retire early. New regulations are tightening the requirements for early retirement and forcing workers to reconsider the value of each month on the job.
Spain Will Maintain Leading GDP Growth Among Major EU Countries
Spanish Economy to Outpace Europe: European Commission Forecast for 2026. The European Commission expects Spain's economy to grow by 2.4% in 2026 — the strongest performance among the EU's major countries. Even rising energy prices are not preventing Spain from outpacing Germany and the eurozone average.
Why Revolut and N26 Can’t Fully Replace Traditional Banks
Neobanks in Spain Face a Barrier: Without Integration with Government Agencies, Growth Is Impossible. In Spain, digital banks aspire to become the primary financial tool for clients. However, without direct access to systems like Hacienda, SEPE, and Seguridad Social, they remain merely a convenient supplement. We explore what prevents neobanks from taking a central place in the lives of Spaniards.
Self-employed pensioners can receive the full gender supplement even while working
Spain’s Supreme Court Bans Reduction of Child Pension Bonus for Working Retirees. Spain’s Supreme Court has ordered Social Security to calculate the child-related pension bonus based on the full pension amount, even if the retiree continues to work. This ruling changes the rules for thousands of Spaniards who combine retirement with employment.
Why Automatic Yearly Calculation Fails and What You Need to Know
The 4-Month Rule for Unemployment Benefit Per Year of Work: How SEPE Actually Calculates. The widespread belief that you receive four months of unemployment benefits for each year of employment does not always match reality. SEPE uses a complex calculation system that only considers certain periods and is governed by strict conditions.
Spanish pensioners may see retirement age raised to 73
CEU Cefas experts propose radical measures to save the pension system. Spain's pension system is facing a demographic crisis. Experts suggest raising the retirement age to 73 and encouraging birth rates to prevent a financial collapse and secure payments for future generations.
Zuckerberg launches the company’s biggest overhaul in years
Meta cuts 8,000 jobs to boost artificial intelligence development. Meta has announced large-scale layoffs: 8,000 employees will lose their jobs, and another 7,000 will be reassigned to new artificial intelligence projects. The decision is part of a strategic company restructuring and has raised concerns among staff.
From May 29, you can make an appointment for an in-person IRPF tax return filing
Spanish Tax Agency Announces Dates for In-Person Income Tax Filing Appointments. Starting May 29, Spain will open appointments for in-person visits at tax offices to file 2025 income tax returns. In-person submission will begin on June 1 and continue through the end of June 2026. Bank payment will have a separate deadline.
Subsidy for insufficient work record: how SEPE calculates family income
SEPE Tightens Rules: What Income Disqualifies You from the Short-Term Work Subsidy. SEPE now requires all family income to be declared when applying for the short-term work subsidy. The calculation uses gross salary, and the limit is set at €915.75 per family member. Exceeding this threshold makes you ineligible for assistance.
Who is eligible for the new aid and how to obtain it
Spain introduces annual payment of 525 euros for pensioners without owned housing. Pensioners who receive non-contributory old-age or disability benefits and do not own their own home can count on additional support from the government. The new annual payment is designed to partially offset rental expenses.
Why the Difference Between Gross and Net Income Can Affect Eligibility for Assistance
SEPE Demands Gross Salary to Be Considered: Who Risks Losing Benefits. When applying for the insufficient-contribution subsidy, SEPE looks not at the amount received in your account but at income before taxes. This can become an unexpected obstacle for families with children and those counting on support.
The Dalian Jinzhouwan project promises to transform the region’s aviation and logistics
China Builds Massive Airport on 20 km² Artificial Island. China is constructing the unique Dalian Jinzhouwan airport directly on an artificial island. The complex is designed for 80 million passengers annually and can withstand typhoons and earthquakes. It is expected to become a new transport hub connecting China, Japan, and Korea.
70 concrete megablocks and six kilometers into the sea: how Genoa challenges Barcelona and Valencia
Italy Builds Giant Sea Barrier to Restore Genoa as the Mediterranean’s Main Port. Genoa is constructing a unique sea barrier from 70 giant concrete blocks to accommodate the world’s largest container ships. The project aims to shift the balance of power among Mediterranean ports and strengthen Italy’s position in international trade.
85 employees to lose their jobs due to company restructuring
Legendary Coca-Cola Factory in California Closes After 112 Years of Operation. The Coca-Cola factory in Ventura, operating since 1912, will cease production on July 10. The decision is part of business optimization and affects 85 employees. The company promises to try to relocate part of the staff.
What Are Banks Hiding Behind TV and Smartphone Promotions?
Bank gifts: why free gadgets and money may lead to taxes. Banks attract clients with gifts — from cash to electronic devices. But these pleasant bonuses often come with a tax obligation: the gift must be declared, and a portion of its value paid to the state. How to avoid pitfalls and what to check in advance — in our analysis.
Actual vegetable prices force farmers to take extreme measures
Spanish Farmer Refuses to Sell Harvest: Why Cucumbers Go to the Goats. Agribusiness in Spain faces a crisis: farmers like Ainhoa choose to feed their livestock vegetables rather than sell them at a loss. Rising costs and market pressures threaten traditional agriculture.
Mid-sized and online banks compete for deposits, while major players are slow to change terms
Spanish Banks Raise Deposit Rates: Why This Worries the ECB. Interest in bank deposits is rising again in Spain, with some banks offering up to 3% per annum to attract clients. However, the European Central Bank warns that excessive savings in accounts could create problems for future pensions and the economy.
Temporary contracts in delivery, offices, and sorting centers across Spain
Correos Opens Recruitment for Summer Vacancies: How to Join the Team This Summer. From May 14 to June 14, Correos is accepting new applications for temporary summer jobs. Vacancies are available for those who have not previously worked at the company. You can apply online, and priority in hiring will be given to current employees and former staff.
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