Spain removes sales tax on olive oil to help consumers cope with high prices
Spain will temporarily eliminate the sales tax on olive oil – a key product of the country’s cuisine – to help consumers cope with skyrocketing prices,...
Economy
Spanish government seeks to block BBVA’s hostile bid for rival Sabadell
The Spanish Economy and Labour ministers said on Thursday that they opposed the hostile takeover bid launched by BBVA bank for its smaller rival Banco...
Spanish economy grew 2.5% in 2023 – slightly stronger than expected
Spain’s economic growth was slightly stronger than expected in 2023 as gross domestic product picked up pace at the end of last year, official data...
Unemployment in Spain reaches its lowest level since 2007
Unemployment in Spain has reached its lowest level since 2007, having decreased 4.59% since December 2022, landing at a figure of 2,707,456 unemployed in December...
Carlos Cuerpo replaces Nadia Calviño as Spain’s Economy Minister
Carlos Cuerpo, who currently heads Spain’s treasury department, is to become the country’s new Economy Minister, Prime Minister Pedro Sánchez announced on Friday. Cuerpo, who...
Spain to ensure ‘strategic autonomy’ of Telefónica after Saudi group takes significant stake
Spain said on Wednesday that it would keep watch to ensure the ‘strategic autonomy’ of Telefónica after Saudi Telecom (STC) acquired a significant stake in...
Unemployment rate in Spain falls to its lowest level since 2008
The unemployment rate in Spain fell in the second quarter of 2023 to its lowest level since 2008, official data showed on Thursday, as the...
The Spanish economy returns to pre-pandemic levels
The Spanish economy returned to pre-pandemic levels during the first quarter of this year, growing more than previously estimated, official data showed on Friday, boosting...
Food prices in Spain have risen more than 15% since January last year
Prices for food and non-alcoholic beverages in Spain rose by 15.4% year on year in January, according to data issued on Wednesday by the National Statistics...
Banco Santander posts record profits of €9.6 billion for 2022, up 18% from 2021
Spanish banking giant Banco Santander reported on Thursday record profits for 2022, as higher interest rates boosted its earnings and offset the costs from soaring...
