Economy - Page 6
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Spain begins construction of Onuba hydrogen plant in Huelva with €1 billion investment
Work has started on Onuba, a major green hydrogen plant in Palos de la Frontera. With 300 MW of electrolysis and over €1 billion invested, the project marks a significant step for Spain’s energy sector.
Germany urges EU to expand tariffs on Chinese plug-in hybrid cars
Germany’s finance minister wants the EU to impose tariffs on Chinese plug-in hybrid cars, aiming to protect local carmakers as competition from China increases and European industry leaders call for stronger trade measures.
Spain becomes Europe's new car capital
Chinese automakers are making fast inroads in Spain, challenging established brands and changing the face of the European car industry. Industry expert Tu Le explains why Spain is now at the center of this shift and what it means for the future of mobility.
Spanish Hotels Warn Imserso Program No Longer Covers Costs
Hotels across Spain say Imserso travel rates are too low to break even. With nearly 900,000 subsidized spots and millions applying, key destinations like Benidorm and Mallorca may withdraw. The future of off-season tourism support is uncertain.
Spain becomes the European launchpad for Chinese electric cars
Chinese electric car makers are moving fast in Europe, and Spain is now at the heart of this shift. Industry consultant Tu Le explains how Spain became the key battleground for the future of the car industry.
US war spending on Iran triggers new crisis for Trump before elections
The US has spent nearly 40 billion dollars on the war with Iran. Missile reserves are running low and inflation is rising. Trump’s claims of victory clash with mounting costs and voter frustration.
Ibex Holds Firm as Fed Signals More Rate Hikes
The US Federal Reserve has raised interest rates and warned of further increases. Despite the aggressive tone, the Ibex remains steady. Oil prices help ease market concerns and support a positive outlook.
EU invites Canada to become first associated member after record trade growth
The EU has invited Canada to become its first associated member. Trade between the two reached 130 billion euros in 2025, up 80 percent since 2016. Brussels aims to deepen economic and strategic ties amid shifting global alliances.
Congress rejects government’s lobbyist regulation decree in Spain
Spain’s Congress has voted down the government’s emergency decree on lobbyist regulation, leaving Madrid unable to meet EU transparency deadlines. Meanwhile, a major support package for Ceuta has passed with broad backing.
SEAT faces uncertain future as Volkswagen shifts focus to CUPRA
SEAT, once the engine of Spanish mobility and ambition, now stands at a crossroads. As Volkswagen restructures and bets on CUPRA, the fate of SEAT hangs in the balance, raising questions about Spain’s industrial direction.
Federal Reserve Rate Hike Puts IBEX 35 and Euro Under Pressure
The Federal Reserve raised rates for the first time since 2023, sending shockwaves through Spanish markets. The IBEX 35 and euro both face renewed pressure. Investors brace for a day shaped by central bank decisions and key economic data.
Shakira to play twelve-night concert series in Madrid for 600,000 fans
Shakira will perform twelve concerts in Madrid at a thirty-hectare venue, aiming to draw 600,000 people. The event will include food, art, fashion, family activities, and a Barranquilla-style carnival. Organizers hope to set a new standard for live music in Spain.
Chinese Firms Take Over Key Spanish Car Factories
Chinese companies now control or partner in six major Spanish automotive plants. The latest change puts VW’s Sagunto battery factory under Gotion’s management after a Korean partner pulled out.
Trump threatens tariffs over EU-Canada partnership talks
Donald Trump has warned he may impose steep tariffs or halt trade with Europe if the EU advances its partnership with Canada. The threat follows a proposal to make Canada the first associated member of the EU. Tensions rise as leaders weigh the consequences.
Domestic air travel in Spain rises as AVE disruption shifts demand
Spain’s domestic air traffic is climbing again. AVE high-speed rail disruptions and Ryanair’s retreat have shifted passengers to airlines. Vueling now dominates national routes, while regional airports feel the impact.
Spain left without lobby law as Congress rejects government decree
Spain remains the only major EU country without lobby regulation after Congress votes down the government’s decree. The decision erases new rules for interest groups and widens the gap with France, Germany, and the UK.
Spanish Drivers Urged to Fill Up Before Fuel Prices Rise Again
With fuel prices already near record highs, Spanish motorists are being advised to refuel before September 17. An upcoming price update and international tensions could push costs even higher in the coming days.
Spain Sees First-Ever Decline in Petrol Stations as Official Count Drops
For the first time, Spain has fewer petrol stations than before, with 195 closures recorded in the first half of 2026. The CNMC is now asking the public whether more stations are needed as new rules and market changes reshape the sector.
Electric cars now dip below 15,000 euros in Spain—if you read the fine print
For the first time, six electric cars are technically available in Spain for under 15,000 euros—if buyers combine discounts, financing, and public incentives. The real price depends on the details, but the market is changing quickly.
Cash withdrawals over three thousand euros trigger tax scrutiny in Spain
Withdrawing more than three thousand euros in cash from an ATM now places account holders under the close watch of the Agencia Tributaria. The move, coordinated with banks and the Bank of Spain, aims to tighten the fight against tax fraud and ensure transparency in high-value cash movements.
Spanish Families Juggle Rising Costs of After-School Activities and Aging Cars
Spanish families spent nearly 2.8 billion euros last year on after-school activities, while most still drive older petrol or diesel cars. Experts say how you drive matters more than what you drive when it comes to saving on fuel.
Revolut offers 3.51% promo rate to new savers after ECB hike
Revolut is raising the stakes for savers by offering a 3.51 percent annual yield to new account holders. This move comes just as the European Central Bank increased its deposit facility rate to 2.50 percent, making Revolut’s offer notably more attractive for those seeking short-term returns.
Revolut launches high-yield savings offer for new Spanish customers
Revolut is once again offering a 3.51% annual interest rate for new customers in Spain. The deal applies to instant-access savings accounts, with clear conditions and no set end date for sign-ups. Here is what changes for savers.
Fuel prices in Spain reach record highs, squeezing drivers
Spanish drivers are now paying up to 2.23 euros per litre for fuel, with prices in September 2026 varying sharply by city and putting extra strain on household budgets.
Warsh faces critical test as Fed prepares for first rate hike in years
Kevin Warsh is set to announce the first US interest rate hike since 2023. The move comes amid stubborn inflation and open pressure from Donald Trump. Markets brace for impact as the Federal Reserve risks a political clash.
Von der Leyen faces critical test as EU confronts new threats
Ursula von der Leyen prepares for a pivotal address as the EU faces hybrid attacks, migration tensions and shifting alliances. The presence of Canada’s prime minister signals a recalibration of global partnerships.
Spain Struggles to Fill 20,000 Mechanic Jobs as Workshops Turn Away Customers
Thousands of Spanish auto repair shops are at risk as a severe shortage of mechanics leaves 20,000 positions unfilled. A new fast-track training scheme aims to bring in fresh talent and keep the industry running.
Spain seeks EU backing for new fuel aid as prices surge
Spain is preparing a fresh round of fuel subsidies from October as diesel and petrol prices approach historic peaks. The government is now relying on Brussels to shape the next steps. The outcome will affect millions of drivers and businesses this winter.
Spanish airport fees spark political rift as government approves DORA III
Spain’s government has approved DORA III, locking in a minimal rise in airport fees and a €13 billion investment plan. The move has drawn sharp criticism from coalition partner Sumar and major airlines, exposing deep divisions over the future of Spanish aviation infrastructure.
Fuel price surge triggers sharp inflation in Extremadura
Inflation in Extremadura has jumped to 4.2 percent over the past year. The main driver is a dramatic rise in petrol and diesel prices. Authorities and unions now face mounting pressure over wages and living costs.
CaixaBank steps up risk transfers to protect dividends as lending surges
CaixaBank is selling more risky loan portfolios to investors to keep dividends steady, even as lending grows faster than expected. The bank aims for risk-weighted assets to rise much more slowly than its loan book.
Used Car Buyers in Spain Face Hidden Risks as Fraud Remains Widespread
Nearly one in three Spaniards has encountered fraud when buying a used car. While price still drives the market, lack of reliable vehicle history and missing information are pushing buyers to demand more transparency.
Drivers in Melilla Face the Highest Car Insurance Bills in Spain
Car and motorcycle insurance in Melilla now costs up to 400 euros more per year than in most of Spain. High accident rates and intentional damage drive up premiums, leaving local drivers with the steepest bills in the country.
Owning a Car Slips Out of Reach for Thousands in Spain
A growing share of Spaniards can no longer afford to buy a car as vehicle prices soar and incomes stagnate. The shift is pushing more people toward used cars and leaving many young adults without a driving licence.
Investor caution rises as fund managers boost cash holdings
Fund managers have raised cash levels to 3.9 percent, reflecting growing unease over bond volatility and US political uncertainty. While enthusiasm for AI investments remains, risk appetite is cooling.
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