Spanish PM hails ‘historic’ trade deal between EU & Mercosur bloc
Spanish Prime Minister Pedro Sánchez has hailed the conclusion of a controversial free-trade deal between the European Union and South America’s Mercosur bloc, calling it...
Economy
Spanish government denies exploiting flood disaster to get budget approved
Spain’s minority coalition government of the PSOE socialists and Sumar left-wing umbrella group wants to galvanise its deadlocked 2025 draft budget by linking part of...
Spain’s booming summer service sector and foreign workers reduce jobless rate
Spain’s unemployment rate fell slightly lower in the third quarter as the service sector expanded, official data from the National Statistics Institute (INE) showed on...
Lack of affordable housing and threat of mass tenants’ strike puts pressure on Spanish government
Spain’s acute housing crisis and high rental prices are together piling pressure on the minority coalition government of socialist (PSOE) Prime Minister Pedro Sánchez, as...
Spain’s consumer price inflation fell to 2.8% in July – lowest level in five months
Consumer price inflation softened in Spain as expected in July to the lowest level in five months, latest data showed on Tuesday. Inflation fell to...
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,...
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...
