Economy - Page 19
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Experts Warn of 'Súper Niño' Threatening Spain With Extreme Weather
A powerful 'El Niño' is forecast for late 2026, raising the risk of severe drought, wildfires and heatwaves. Spanish authorities are preparing for possible record temperatures and economic impacts.
Celver Acquires Gesico 2000, Expanding Satellite Internet Reach in Spain
Celver, led by Iago Campo Vidal, has acquired Gesico 2000, a veteran satellite telecom firm. The deal boosts Celver’s presence in underserved Spanish regions and marks a rapid rise for the young company.
Two New Homes in Málaga to Be Raffled for €10 a Ticket
A Málaga developer is raffling two finished homes in Cuevas del Becerro. Each ticket costs €10. The draw is limited to 200,000 entries and is open only to adult residents of Spain.
Retired Farmer Ordered to Repay €46,800 for Working While on Pension
A retired farmer in La Rioja must return nearly €47,000 after authorities found he continued managing his agricultural business while receiving a full pension. The court's decision highlights the strict incompatibility rules between retirement benefits and ongoing self-employment in Spain's farming sector.
Spain and UK Set to Deepen Ties After Gibraltar Border Deal
Spain and the UK are moving to strengthen their partnership after a landmark Gibraltar agreement. The new deal promises smoother border crossings, deeper economic links, and a long-awaited royal visit.
Leapmotor B05 vs BYD Dolphin Surf: Which Electric Car Wins at €20,000?
The Leapmotor B05 and BYD Dolphin Surf are shaking up Spain’s affordable EV market. One offers space and range, the other agility and price. Here’s how they compare on design, performance, and value.
Gibraltar to End Border Checks with Spain After 118 Years
Gibraltar will remove its border controls with Spain for the first time since 1908. The move promises easier movement for thousands of workers and new economic rules for businesses. Local authorities expect significant changes for both sides.
EU Hits Chinese Tyre Imports With Tariffs Up to 45.3%
The European Commission has imposed steep tariffs on Chinese tyre imports, aiming to shield European manufacturers from underpriced competition. The move could drive up prices for millions of drivers across the continent.
Gibraltar Border Fence Demolished After Decades of Division
The Gibraltar border fence, closed for 13 years under Franco, is being dismantled after six years of negotiations. Over 100,000 people on both sides will see daily life transformed as the last physical barrier disappears.
How a Colombian Scientist Built Argentina’s Leading Gourmet Mushroom Business
Santiago Jaramillo Mejía arrived in Argentina for a university exchange and ended up founding Micelio Bio, a company that transforms agricultural waste into high-quality oyster mushrooms. Now producing a ton per month, he aims to expand across Latin America.
Spain Raises Retirement Bar: 65 Only for Those With 38.5 Years Worked
From 2027, Spaniards born between 1961 and 1965 will need at least 38 years and 6 months of contributions to retire at 65. Those falling short must wait until 67, marking a decisive shift in Spain’s pension landscape. The change finalizes a decade-long reform.
Junts Blocks Government’s Deficit Path, Threatening State Budget Plans
Junts per Catalunya has confirmed it will vote against the government’s deficit targets in Congress. This move puts Pedro Sánchez’s budget plans at risk and intensifies the dispute over regional financing. Tensions rise ahead of key votes.
From Migrant Child to Onion Pioneer: Javier Novoa’s 100-Hectare Success
Javier Novoa arrived in Argentina as a child with nothing but hope. Decades later, he leads a major onion operation, exporting to Brazil and embracing new technology. His journey reflects the determination and innovation driving the region’s agricultural growth.
Spanish Law Now Requires Full Disclosure of Housing Costs in Listings
A new law obliges real estate agencies in Spain to list all costs upfront. Buyers must be informed of every expense from the first advertisement. Failure to comply allows legal claims against agencies.
Europe’s Trailer Giants Unite Against New EU CO2 Rules
Thirty leading European trailer manufacturers have joined forces to challenge the EU’s latest CO2 emissions regulation. They warn that unrealistic targets could threaten jobs and the continent’s industrial base if not urgently revised.
Electricity Prices in Spain Drop Sharply for July 11, Cheapest Hours Revealed
Spain’s average electricity price falls to 87.32 euros per MWh on July 11. The lowest rate, even negative, appears midday. The most expensive hour hits late evening. The shift impacts household bills and daily routines.
Severe Poverty in Catalonia Rises Despite Social Aid Measures
The number of Catalans living in severe poverty has grown to 700,000. Fewer residents now receive the Guaranteed Income benefit. Official data show that current aid measures are failing to reach those most in need.
How Vitalfit Turned a €250,000 Investment Into a Multi-Million Euro Gym Chain
Roberto González, founder of Vitalfit, has built a thriving gym business in Palma de Mallorca, with monthly revenues reaching €180,000 and annual turnover set to exceed €3 million. He explains the investment, strategy, and profitability that drive his success.
Feijóo Sparks Political Storm Over Spain’s High Sick Leave Rates
Alberto Núñez-Feijóo’s remarks on Spain’s sick leave rates have ignited fierce debate. The issue exposes deep political divides and highlights the economic impact of absenteeism on businesses and the state.
Submer to Invest €1 Billion in AI Data Center at Former Ercros Site
Submer Group will transform the closed Ercros chemical plant in Flix into a major AI-focused data center. The €1 billion project is set to create 150 skilled jobs and marks a key step in Catalonia’s digital ambitions.
How to Qualify for Spain’s Ingreso Mínimo Vital While Living With Parents
Adults over 23 in Spain can apply for the Ingreso Mínimo Vital even if they live with their parents, but only if they meet specific independence, residency, and financial vulnerability criteria. The requirements are detailed and age-dependent, affecting thousands of potential applicants.
Ferran Adrià Urges Hotels to Prioritize Spanish Products at Breakfast
Ferran Adrià has called out luxury hotels in Spain for relying on imported foods at breakfast. The chef argues that Spanish products deserve more space on hotel menus. His remarks highlight a broader debate on national gastronomy.
Economist Bernardos Criticizes Youth Spending Amid Housing Crisis
Gonzalo Bernardos, economist and University of Barcelona professor, warns that many young Spaniards are unwilling to cut back on leisure spending to save for a home. His remarks highlight a growing divide over responsibility for the housing crisis.
Volkswagen Plans Major Cuts to Models and Jobs in Global Overhaul
Volkswagen has unveiled a sweeping transformation plan through 2030, aiming to cut costs, reduce its model lineup by half, and boost profitability. The company says there will be no immediate impact on its Spanish operations.
Fraudsters Use Ana Botín and El Mundo in Fake Investment Scam
A new scam exploits Ana Botín’s image and El Mundo’s branding to lure users to unauthorized investment platforms. The CNMV has issued warnings. Manipulated media and fake endorsements are central to the scheme.
Aena to Auction Iconic Abandoned Boeing 747 at Valencia Airport
Aena has launched the process to auction the long-abandoned Boeing 747 at Valencia Airport, ending nearly two decades of uncertainty. The aircraft, once the centerpiece of Pronair's ambitious plans, has stood idle since 2008 and is now officially listed for public sale.
Madrid’s Luxury Hub Replaces Failed Food Hall with €21.5M Elite Spa
Galería Canalejas in central Madrid will transform its empty Food Hall into a high-end spa. The €21.5 million project aims to attract wealthy clients after the previous gastronomic venture collapsed.
Spanish Tax Agency Returns €6.4 Billion to Former Mutualists
Spain’s tax authority has officially refunded over €6.4 billion to pensioners who contributed to historic labor mutual funds. The majority of beneficiaries fall within the €30,000–€60,000 income bracket, with average payouts exceeding €2,000 per person.
How a 26-Year-Old Trucker Bought His Own Duplex in Spain
At just 26, Lolo managed to buy a duplex in Illescas, Toledo, after years of disciplined saving. His story stands out as homeownership becomes increasingly out of reach for young Spaniards. He now pays €370 a month on a 30-year fixed mortgage.
Why Diesel Still Makes Sense for Used Cars in Most Spanish Cities
Diesel cars have lost favor in Spain’s big cities, but for millions outside strict low-emission zones, they remain a smart, cost-effective choice. Here’s why diesel still matters for the used car market—and who should consider it.
Ayuso Backs Feijóo’s Stance on Sick Leave and Calls for Balance
Isabel Díaz Ayuso has publicly supported Alberto Núñez Feijóo’s remarks on sick leave and absenteeism. The debate has sparked criticism from unions and political rivals. The issue now centers on fraud, worker rights, and the cost to Spain.
Government Prepares Mortgage Tax Relief to Secure Junts Support
Spain’s government is finalizing a housing decree with mortgage tax relief for main homes. The move aims to win Junts’ backing after tense negotiations. Rental contract extensions and new rules for tourist lets are also on the table.
Concerns Grow in Tax Agency After Leadership Shake-Up
A wave of resignations at the Agencia Tributaria has sparked unease among staff. The appointment of Antonio Ansón as director general raises fears of political influence. Inspectors and technicians demand guarantees of independence.
Bilbao BBK Live Marks 20 Years as a Key Cultural Force
Bilbao BBK Live celebrates two decades, now drawing 115,000 visitors and €23.6 million in economic impact. The festival’s evolution highlights its deep ties to the city and new focus on sustainability.
Alicante’s 22-Year-Old Farmer Builds a Thriving Agribusiness Amid Labor Crisis
At just 22, Raúl García Vidal has transformed a single hectare into PenyaFresh, a fast-growing fruit and vegetable company in Alicante. His journey highlights the urgent labor shortages and lack of young talent threatening Spain’s agricultural future.
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