Economy - Page 18 2976 news

Spain Launches Ambitious Rocket Factory Project in Elche

A new industrial complex in Elche is set to change Spain’s role in the global space industry. Backed by €65 million in private investment, the site will mass-produce the MIURA 5 orbital launcher and create thousands of jobs, marking a decisive step for Spanish aerospace.

Electricians Warn: Full Rewiring of Old Homes Now Tops €6,000

Completely updating the electrical system in an older Spanish home can now cost between €3,600 and €6,500, with some projects nearing €7,000. Experts urge homeowners to assess their wiring before starting major renovations, as outdated systems pose safety and financial risks.

Madrid to Open Europe’s Largest Artificial Surf Beach in 2027

Madrid is set to open Gemswell Surf Madrid, a €60 million surf and leisure complex featuring Europe’s largest artificial wave lagoon. The project is 40% complete and will include surf sessions and wellness facilities, alongside concert spaces and restaurants, with the opening planned for spring 2027.

What It Really Costs to Open a Specialty Café in Spain

A specialty café in Viladecans, Barcelona, required €105,000 to launch. Owner Lorena details her earnings and costs, and explains why breaking even is tougher than it looks. Her story offers a rare, detailed look at the economics of Spain’s independent coffee scene.

Ford and Geely Seal Landmark Deal to Revive Almussafes Plant

Ford’s Almussafes factory in Valencia will soon produce Geely’s best-selling electric SUV under a joint venture that offers new life to the struggling plant. The move marks Geely’s first major manufacturing step in Europe and promises job stability for local workers.

Government Stands by Zapatero Amid Plus Ultra Scandal Escalation

The Plus Ultra case has intensified, putting former Prime Minister Zapatero and the government under scrutiny. Basic testimonies raise questions about his statements, while calls for explanations grow within the party and in public. The government continues to support him.