The latest news from Spain

 How to boost your business


It might be time to shake things up! Drastic changes? Maybe – unaffordable changes? Not necessarily.

No matter what type of company you run, you’re always going to hit a few road bumps, the key is to analyse the source of your problems, find a suitable solution and keep moving forward. Here are a few small changes which can make a big difference to your business:


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 Spanish recovery temporary?


Spain was the main talking point over the past few months due to its economic strides which have pushed the country away from recession. During the first quarter of the year, gross domestic product increased 0.9% with the annual growth of 3% expected. However, scepticism is building up regarding how long Spain is capable of keeping up this momentum. According to Stratfort Enterprised, this won’t...

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 Home of Ex-IMF chief raided


Spanish tax office agents on Thursday searched the Madrid home of former IMF head Rodrigo Rato, who was already charged in two graft cases, as part of a new money-laundering probe.

Spain's state prosecutor ordered the searches as part of an investigation into the apparent mone laundering, fraud and asset stripping, according to sources close to the investigation.

Police escorted...

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 Spain wants to be at "forefront" of economic changes in Cuba


Spain wants to become the driving force behind the economic changes that Cuba will go through in the coming years with the new relationship between the island and the United States, according to the secretary of state for trade.

Heading a delegation with representatives from 45 companies, Jaime Garcia-Legaz emphasized the "special" moment provided by the rapprochement between Havana and...

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 Podemos fire election candidates


Podemos, the party which has consistently campaigned on an anti-corruption platform, has shown the door to its candidates in the region of Rioja, following accusations of fraud.

The left-wing party, just over a year after its creating, has been strirring up a storm in SPanish politics, has cancelled its list of candidates in La Rioja.

The national leadership of the party...

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 Spanish inflation shallower than first thought


However, inflation in Spain was slightly lower than earlier.

Consumer prices in Spain rose 2% compared to last month, 10 basis points less than a previous projection, as food and beverage prices dropped during the month, based on the country's statistics office in Madrid

Year-on-year figures also suffered from a preliminary reading, confirming a 0.8% decline in prices in...

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 How to become a more optimistic job seeker


Having a negative outlook in terms of rejection can be very detrimental to the way your mind works. When it comes to careers, one must always remain positive despite rejection, for various reasons.

Here are a few things to take into consideration when searching for a job:

1) Stop worrying: Pessimists will often worry about everything and anything they can. This causes an...

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 What you need to know about working in Spain!


Before accepting a job in Spain it may be wise to have a clear idea of the kind of work you are looking to do and in which industry. Here are a few things to keep in mind when considering a job in Spain:

- Spain’s booming financial services market can help you begin your ideal career in sales and finance. Tax efficient earnings mean the income you earn in Spain is taxed for expats...

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 Working on your Personal Brand


You may think it’s ‘just’ an email or ‘just’ a phone call, but many of the activities we carry out throughout the day will leave an impression, whether it’s positive or negative.

Here’s a list of things that impact the quality of your personal brand:

1) Your e-mail signature
2) Voice messages you leave for someone
3) E-mail messages you send out

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 Socialist party wins Andalusia election


Spain’s Socialist party secured its vote in Andalucía despite efforts from the recently launched leftist party Podemos.

Podemos claimed third place in its initial domestic electoral test, behind the Socialists and the Populart Party with Ciudadanos placing fourth.

The Socialists held 36% of the votes, almost matching the same result the party achieved 3 years ago, exceeding...

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 Lloyds sells 50% of TSB


TSB has agreed a £1.7bn takeover by Spain's Banco de Sabadell, with Lloyds Banking Group selling its 50% stake in the UK bank.

Sabadell will fork out 340p per share, higher than the 260p at which TSB floated on the London Stock Exchange from June 2014. TSB shares increased 1.8% this morning to 332.9p, making them the biggest riser on the FTSE 250.

Sabadell confirmed it...

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 Inditex profits on the rise


Spanish clothing giant Inditex, owner of the Zara brand, said Wednesday its profits increased 5% last business year.

This increase brought its net profit to 2.5 billion euros, the group confirmed in an earnings statement on its 2013/2014 financial year ending in January.

The statement showed net sales were up 8% to 18.12 billion euros. Inditex is currently the world's largest...

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 Banco Madrid files for bankruptcy


Banco Madrid is set to enter insolvency proceedings, announced administrators on Monday, just days after the bank was taken over by Banco de España.

Banco Madrid will enter insolvency proceedings and suspend all activity, following large deposit withdrawals, the country’s central bank announced on Monday. The announcement was made after the entire board of Banco Madrid handed in their...

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 Sabadell to takeover TSB


TSB has officially confirmed a £1.7bn takeover approach from Spanish bank Sabadell. The approach to the UK bank arrives less than 12 months after it re-joined the stock market after Lloyds Banking Group sold off 50% of the business.

TSB claims its board was willing to recommend Sabadell’s 340p-per-share offer, stating that Sabadell could help and speed up its ‘retail growth strategy’....

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 Spain sells 4.5 bln euro in bonds


Spain sold 4.5 billion euros of its debt at a triple bond sale on Thursday, dropping to record low yields again, just days after the European Central Bank began buying government bonds.

The Treasury his its planned target of between 4 billion and 5 billion euros at the auction.

Spain sold 910 million euros of the shorter-dated bond, due Jan, 31 2020, which was 3.2 times subscribed...

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 Carlos Slim plans on conquering Spain


In recent months Carlos Slim has been taking advantage of troubled Spanish corporations by purchasing stakes at relatively cheap prices, one which took place as recently as March 4th.

The announcement by Inmobiliaria Carso, Slim’s investment company that it will purchase from Bankia a stake of just under 25% for 0.58 Euros per share, 32% lower than its Wednesday closing price. The purchase...

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 Spain and Portugal may become EU energy saviours


The EU made progress on Wednesday in terms of reducing its energy dependence, particularly on Russia, instead attempting to improve connections between renewable energy giants Spain and Portugal as well as the rest of Europe.

At a summit, the leaders of Spain, Portugal and France discussed how to transit to the rest of Europe the extra energy produced south of the Pyrenees mountains separating...

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 European Officials - Greek bailout would cost €30-50 billion


Spanish Economy Minister Luis de Guindos on Monday claimed European Union officials have calculated that a hypothetical 3rd Greek bailout would cost an amount ranging between €30-€50 billion.

The minister went on to say that Spain would be responsible for ‘around 13% of the amount” if another aid package were to be granted to Greece, however he refused to confirm that official...

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 An increase in supporters for Podemos


Spain's left wing party Podemos is working day and night to replicate the success achieved by their sister Party Syriza. The group's followers increase following promises made to redraft Spain's debt deal with the EU.

Spaniards are reportedly losing their patience with mainstream politics, and are forming groups called 'circles' to vote o nthe left win party Podemos' policies at a grass-roots...

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 Spain to offer tax breaks


Spain's government, anticipating solid economic growth following years of strong spending cutbacks, will offer tax breaks to push for long-term hiring and help out single-parent families, according to Prime Minister Mariano Rajoy.

Mariano Rajoy announced these updates during a state of the nation address that spelled out themes of his campaign for a second term. Rajoy said Spain's expected...

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 How to feel at home while at work


Some people feel uncomfortable at work for the simple reason that it’s too different to what they’re used to at home.

Which is why we’ve compiled a list of things to do to help with your situation:

1) Customise your desktop: Having a generic windows desktop makes it feel too much like work. Change it to a background which reminds you of your favourite season, or someone...

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 Podemos refutes Latin American financing


A founder of the Spanish anti-establishment party Podemos on Friday refuted rumours that the party was financed by left-wing Latin American governments and claims he had been the victim of a 'with hunt'.

Juan Carlos Monedero also rejected accusations that he attempted to take advantage from lower tax rates in terms of payments made to him by Latin American countries for consulting work.


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 Gas Natural cancels wind development in Spain


Spanish utility Gas Natural has terminated its wind construction plans in Spain, despite being the sole company to defy government cuts to renewables subsidies.

Gas Natural announced it would go ahead with the construction for new capacity, in spite of government cuts. The company commissioned its 14MW Montouto project in the northwest - the only new commercial capacity to be built in...

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 Possibility of Spain joining Greece down anti-austerity trail


As Greece continues to duke it out with the EU regarding ending the bailout and its attendant austerity measures, Spain is keeping a close watch on the situation.

Alexis Tsipras's Syriza victory in the Greek elections, on a platform to end cuts in services and benefits as conditions of its bailout from the EU, has emboldened Spain's Podemos party.

Spain has also been laboring...

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 Bank of Spain claims banks' bad loan ratio dropped to 12.5% in December


Bank of Spain's bad debt as a percentage of their total credit decreased to 12.5% in December from 12.7% in November, according to data displayed on Wednesday.

The non-performing loan ratio dropped for the fourth consecutive month. The total number of band loans also fell for every month in 2014, according to Bank of Spain data.

The banks' bad debts started to rise sharply...

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 Dubai residents just steps away from generating and selling their own power


Dubai residents recently received positive news in the form of being able to generate their own solar power and even sell it to emirate's utility body if they are capable of generating a surplus.

The process began in 2014 when a government resolution was issued, giving residents the opportunity to install solar panels on the rooftops of their homes to generate electricity via solar power,...

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 Spain’s Caixabank to launch takeover bid for Portugal’s BPI


Caixabank said on Tuesday it will launch a full takeover bid for Portugal’s BPI, forking out 1.329 euros per share for the 55.9% of the lender it doesn’t already own.

The total offer amounting to approximately 1.08 billion euros and at 27% premium against the Portuguese bank’s closing price on Monday, is relying on the support of a minimum of 50% of shareholders including its own...

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 Spanish students to learn how to play chess


Spain's government is expected to add chess to the school curriculum after many politicians agreed on the proposal.

A Spanish parliamentary education committee announced they had come to an agreement to "urge the government to introduce the Chess in Schools programme in the Spanish education system in accordance with the European Parliament’s recommendations."


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 Spain considers suing HSBC


The Spanish government is pondering whether to take legal action against HSBC after receiving news that its private bank in Switzerland helped its clients avoid tax authorities around the world. The HSBC records confirm that 2,694 Spaniards held accounts in the bank's Swiss subsidiary, with savings amount to $2.3bn.

On Tuesday Spain's finance minister, Cristóbal Montoro, claims he requested...

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 Spain's foreign minister - Russia sanctions cost the European Union


Spain's foreign minister claims Europe lost 21 billion euros in lost exports due to sanctions against Russian over Ukraine.

"Sanctions have had a heavy cost for us all, the EU has so far lost 21 billion euros ($23.7 billion). In Spain we have been badly hit in terms of agriculture and tourism," said Jose Manuel Garcia-Margallo, giving the first figure of its kind for the EU.


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 Spain’s American-style fixed rate loans break mould


Banks in Spain are attempting to convince homebuyers to alter their habits by taking out American-style fixed-rate mortgages over time-frames as long as 30 years.

Banco de Sabadell SA, Spain’s 5th largest bank, last month began advertising a 30-year old fixed-rate mortgage at 3.95%. CaixaBank SA, the number 3 lender, offers mortgages ranging up to 10 years at a rate between 2.5% to...

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 BBVA shares rise


Spanish stocks outperformed flat-to-lower European indexes on Wednesday as results from bank BBVA and service sector data confirm recovery expectations for the indebted country.

The bank's shares increased 4.6% after BBVA reported better-than-expected revenues from lending in the 4th quarter and claimed its new objective is to grow further in its domestic market, where losses and loans...

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 Spain creates over 400,000 jobs in 2014


Spain created over 400,000 last year, showing positive signs that the country is recuperating from its labour market crisis.

Over the last year, 434,000 jobs were made available thus dropping the unemployment rate to 23.7%, according to data released on Thursday by the National Statistics Institute.

It is the first time in 8 years since Spain experiences an annual net job...

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 Spain's Repsol on the verge of buying Talisman Energy


Spanish oil firm Repsol on Tuesday confirmed its offer to purchase 100% of Talisman Energy shares valued at $8.3 billion.

Repsol's statement to Spain's stock market regulator said that it would also take on $4.7 billion of Talisman debt as part of a deal agreed with the company, raising Talisman's value to $13 billion.

The board of Talisman energy has accepted the offer...

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 deVere Group offering new exciting opportunities


We are delighted to announce that we are offering a new and exciting opportunity with one of our clients, the world's leading international financial advisory, deVere Group. With over 80,000 clients in over 100 different countries, deVere Group is known for being trustworthy, reliable and its professional financial advice.

Whether you're already an expert in the field of sales or just...

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 3 of Europe's top 10 business schools found in Spain


3 Spanish schools have made it onto FT's European business school rankings. Madrid's IE Business School placed 3rd, Barcelona's ESADE Business School in 4th with the University of Navarre IESE Business School placing 7th

Despite the fact that it dropped from first place to third this year, IE Business School still expressed its satisfaction for featuring in the top 3 once again:


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 More protests take place in the Canary Islands


Around 200 people protested on a beach on Spain's Canary Island by forming a huge "SOS" sign on the sand.

The people got together to protest against drilling for oil off the archipelago.

"We wanted to reach the prospecting zone and declare there our deep rejection to oil prospecting in the Canaries," said Ezequiel Navio, head of a group combining environmentalists, local...

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 Carlos Slim taking control over Spain's FCC


Carlos Slim, currently the world's second wealthiest man, has confirmed he will become the main shareholder in Spain's struggling builder FCC as part of a capital increase, according to FCC.

Slim's holding company confirmed the deal with the firm's current top shareholder, Esther Koplowitz to purchase all of her rights to take part in a €1 billion capital increase, FCC stated.


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 Signs you're addicted to your smartphone


Lets face it smartphones do a great job of keeping us connected with friends (when they're not there), but is it making you anti-social when you're with them?

Here are a few clear signs that you should put down your smartphone!

1) Staring at your phone during a conversation

This is probably the most common one nowadays. You'll meet up with a group of friends,...

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 Most residents of Canary Islands against oil exploration


75.4% of residents of the Canary Islands have voted against searching for oil in the waters off the cost of the Atlantic archipelago, according to a poll published Monday.

2,722 people voted in the survey which was carried out in early November, with only 15.4% voting in favour of searching for oil, 75.4 voted against with the rest deciding not to answer.

Spanish oil company,...

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 What successful people were doing in their 20's


Let's face it, becoming successful is a difficult process for most, even for many celebrities who are now known worldwide.

Here's what these successful individuals were up to in their 20's.

Ralph Lauren

Born Ralph Lifshitz, at age 15 he changed his name to break into the business world.

Lauren dropped out of Baruch College after two years...

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 Amazing facts about the duchess of Alba


After her unfortunate passing, we've compiled a list of some (of the many) amazing facts about the Duchess of Alba.

1) In 1962 Cayetana Fitz-James took part in a Seville bullfight, giving a helping hand to the bullfighter as a picador.

2) The Duchess was offered the opportunity to be painted by the famous Pablo Picasso. She refused this offer stating "I think he would have...

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 Repsol begin search for oil


The Spanish company on Tuesday began inspecting oil in the waters near the Canary Islands.

The Rowan Renaissance is the vessel being used to carry out the first deep water survey, just 50 kilometres away from the islands of Lanzarote and Fuerteventura.

The search for oil will last approximately four months with the estimated chance of finding out being in the region of 17...

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 5 Financial Planning mistakes which you need to avoid!


Most people reach a point in their lives where they’ll start asking themselves important financial questions such as:

-When is the right time to create a financial plan? -How much money should I be saving for retirement? -Can I create a plan without the help of a financial adviser?

These are commonly asked questions, among others, which have corresponding answers.


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 Companies unlikely to make it into 2015


Below is a list of struggling companies which may become extinct by next year.


The company made a name for itself on Facebook, mainly for its success on Farmville.

Unfortunately for Zynga it never managed to replicate that success and was ultimately dropped by Facebook.

Zynga made several attempts to make its comeback but these...

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 Majority of Catalonia vote in favour of Independance from Spain


Last Sunday saw over 2 million Catalans take part in a 'fake' poll regarding breaking away from the country to carve out a new Mediterranean nation.

The poll saw an overwhelming 80.7 percent of the votes cast in favour of independance, based on the 88 percent of the total votes. The results were released early Monday with 2 million out of 5.4 million people choosing to take part in the...

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 Global Sales jobs recruiting in Spain


Searching for a career in Sales?

Global Sales jobs are looking for people with a knack for sales to join our team.

We offer various career options such as jobs in Financial Services, Financial planning, Sales Professional and Adviser jobs.

Aspiring applicants can apply now by simply visiting the following page: by entering...

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 Recovering Spanish economy boosts Banco Santander profits.


The bank reported on Tuesday that it's third-quarter profits increased to 52 percent, its highest earnings in the last two years.

Santander listed billions of euros in mortgages last year due to Spain's weak economy. This year however, for the three months ended September 30, Santander Bank claims to have seen profits rise to approximately €1.61 billion euros from last years €1.06...

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 Madrid ranks as 5th most desirable city to work


The Spanish capital city was voted as the fifth top destination for expat workers.

The survey was carried out by Boston Consulting Group alongside employment website

Placed right ahead of Madrid is Sydney with Paris at third and New York in second.

In first place, receiving 16 percent of the votes is London.

Spain is the only country...

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 Barcelona to boost free Wi-Fi


A reported €3.6 million is set to be invested on boosting the Wi-Fi network around the city including public places such as buses and metro stations, for easier access to the internet.

These plans are scheduled to take place in 2015, increasing public hotspots by more than double the current amount of 664 to 1527.

Just over 1000 buses and 16 metro stations will have internet...

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 Santander bank dynasty passed on to eldest daughter


Ana Patricia Botín, 53, has replaced her father as the new chairman of Spanish bank Santander, after the patriarch died suddenly of a heart attack after nearly 30 years at its helm. Ms Botín is now the first female bank president in Spanish history.

Ms Botín, who had also been the first woman to lead a major bank in Britain when she took over as chief executive of Santander UK in 2011,...

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 Santander chairman Emilio Botin dies at 79


Emilio Botín, chairman of Banco Santander, died of a heart attack at the age of 79. He was widely regarded to have been one of the most powerful people in Spain over the past three decades.

The bank, which announced his death Wednesday, said its board would meet later in the day to pick a successor, most likely his eldest daughter, Ana Patricia Botin. The job has so far been held by three...

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 Spain ‘has to change its business model’


Spain must strengthen competitiveness in its businesses to bring down its towering jobless rate and cement its recovery from recession, the OECD economic grouping warned on Monday.

It said Spain should work to diversify its "fragmented" business sector, which it said had too few medium-size and large companies. It also urged Spain to ease red tape and diversify financing for businesses.


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 Spanish economy underwent ‘a major turnaround’ - OECD


In its latest annual survey of the country, the OECD said the Spanish economy has undergone a "major turnaround" since emerging from its worst recession since its transition to democracy, and applauded the nation for its efforts to reform its banking sector and stabilise public finances.

Spain achieved positive growth for the first time in over two years in the second half of last 2013,...

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 Canaries President threatens to break away from Spain if it drills


The President of the Canary Islands, Paulino Rivero, is threatening to break off diplomatic ties with Spain's central government over the islands' controversial oil and gas drilling plans.

Mr Rivero has voiced his complete disapproval of oil giant Repsol’s plans to drill for oil and gas off the coast of the islands, a venture he believes will put the archipelago’s tourism industry...

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 What is Spain’s ‘Google Tax’?


A law which would let publishers levy a fee from aggregation services like Google News looks like it might become law in Spain this September.

Late last month Spain passed a controversial law known as the ‘Google Tax’ or tasa Google that will force the American tech giant to pay newspapers in the country a fee every time it links to their stories.

The law has proved extremely...

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 Merkel and Rajoy to walk Spain's Camino de Santiago


German Chancellor Angela Merkel is set to walk part of Spain's famous Camino de Santiago with Spanish Prime Minister Mariano Rajoy in the next few days.

Merkel and Rajoy will take a Sunday walk along part of the Camino de Santiago before sitting down to talks in the northern Spanish city of Santiago de Compostela on August 25th.

The Sunday stroll will end with a visit to Santiago...

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 Spain outstripped Germany and France in terms of growth


Both Germany and France published poor growth figures on Thursday, in news that threatens the eurozone's fragile recovery - but Spain clocked up an impressive 0.6% growth in the same period.

Estimates from Germany's federal statistics agency Destatis showed German gross domestic product contracted by 0.2% from April to June, while France also suffered from April to June with growth figures...

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 Consumer prices slide in Spain


Spain reported on Tuesday the steepest slide in consumer prices in nearly five years, the sharpest since October 2009, according to the National Statistics Institute.

Spaniards remain cautious about spending in an economy suffering a 24% unemployment rate. In the previous month, Spain's economy, the fourth-largest in the eurozone, had reported an annual inflation rate of zero.


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 The Spanish are losing their taste for public transport


The number of people using Spanish public transport dropped by 1.8% in Spain from June 2013 to June 2014, according to new figures from Spain's national statistics office, the INE.

There were seven million fewer in June 2014 passengers than the same month a year earlier, with figures dropping from 385 million to 378 million, but not all modes of transport were equally affected by the...

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 'Dying planet' discovered by Spanish scientists


Astronomers at an observatory in Almería have become the first in Spain to find an 'exoplanet' – a world outside our solar system - with their discovery of Kepler-91b, a 'dying' world orbiting a red giant star some 3,360 light years from Earth.

At the German-Spanish Astronomical Center at Calar Alto in southern Spain, computer simulation was used to analyse data from NASA's Kepler space...

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 Spain's industrial output got a boost in June


Spanish industry pushed up output by 0.8% in June from a year earlier, after correcting to smooth out seasonal variations, the National Statistics Institute said, boosting production for the eighth month in a row and adding strength to a hesitant economic recovery.

Spain's economy, the fourth-largest in the eurozone, grew in the second quarter of 2014 at a faster-than-expected quarterly...

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 Spain is once again the best place to retire abroad


The results of a new study suggest that Spain has regained its appeal among Britons planning to retire overseas, after years of struggling to cope with the financial crisis and witnessing scores of expats return to Britain.

Of more than 2,000 Britons polled by MGM Advantage, a retirement income specialist, 13% said they planned to retire in Spain.

France took second place...

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 Spain stops selling weapons to Israel


The Spanish government has temporarily stopped the export of arms to Israel in the midst of a month-long conflict in which at least 1,800 Palestinians have been killed.

A military committee made the decision to put the temporary stop on arms shipments to Israel on July 31st, Spanish media reported on Tuesday. The decision could be revisited in September.

Spain exported just...

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 Spanish village offers free cottage holidays in exchange for artwork


Attention artists - you can enjoy a two-week stay in a Spanish village for free - as long as you donate a sculpture at the end of it.

‘Artbnb’ is an unusual concept is being offered by the village of Genalguacil, in Andalucia, Southern Spain.

Creative types can enjoy a stay in local cottages, with all the materials they need to complete their artwork, as long as they donate...

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 BBVA earnings announced – more proof that Spain is in recovery


BBVA, Spain’s second-largest lender by assets unveiled a sharp decline in bad loan provisions and a further fall in its bad loan ratio, providing fresh evidence of the turnaround in the Spanish banking market.

The bank’s overall results came in ahead of analyst expectations, though second-quarter net profit fell almost 40%, largely because of the absence of one-off gains that flattered...

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 Spain boosts growth forecasts


Spain's government on Tuesday raised its growth forecasts for this year and next as the country pulls away from economic crisis, and said it hopes this will soon cut into high unemployment.

Economy Minister Luis de Guindos told a committee of members of parliament that it was hoped that economic growth would approach 1.5% this year and 2.0% next year.

Spain's central bank...

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 Calls for Canary Islands whale sanctuary attracts more than 9,000 signatures


More than 9,000 people have signed an online petition calling for the creation of a whale sanctuary in the Canary Islands since the World Wild Fund (WWF) launched an online campaign on Tuesday.

"These zones are internationally recognized for being home to nearly a third of the cetacean species on the planet," said the international environmental group in a statement.


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 Spanish jobless rate below 25% for the first time in two years


The unemployment rate in Spain has fallen below 25% for the first time in two years, thanks to the beginning of a revival in the economy.

An extra 402,000 people started work in the second quarter of the year, boosted by the seasonal upturn in tourism. That helped to push the official jobless rate down to 24.5%, from 25.9% in the first three months of the year.

However the...

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 Spanish growth sped up in the second quarter, says Central Bank


Growth in the euro zone's fourth-largest economy picked up pace in the second quarter, Spain's central bank said Wednesday, as it raised its economic projections for this year and next.

In its monthly economic performance review, the Bank of Spain said gross domestic product likely grew 0.5% in the second quarter from the first, compared with 0.4% growth recorded in the first quarter.


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 Spanish PM to meet with Catalan leader at end of month


After weeks of negotiations, Spain's Prime Minister Mariano Rajoy and the President of Catalonia Artur Mas are set to sit down on July 30th to tackle the delicate issue of independence for Catalonia, following a stand-off that has lasted for weeks.

The meeting will take place at Mr Rajoy's Moncloa residence in Madrid. It been in the offing since the two men had a brief telephone conversation...

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 Majority of young expats integrate into Spanish life without problems - study


More than three quarters of adolescent expats integrate into Spanish life without any problems, according to a report carried out by Obra Social.

The study, based on 7,000 children aged between 12 and 17, measured signs of failing to adjust such as leaving school or home, unemployment, going to jail or young pregnancies. A massive 78.4% of the so-called ‘second generation’ immigrants...

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 Spain is the most tech addicted country in Europe


The Spanish are hooked on their gadgets and spend eight hours 48 minutes a day outside of work on their devices, compared to the Brits, who use devices 6 hours 54 minutes a day, and Finland use them for just six hours.

However, despite Spain’s tech addiction, Italians spend the most on tech every quarter, at £444 on average, compared to £291 across Europe as a whole – but spend just...

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 Did Spain's economy minister get the top EU post?


Spain's Economy Minister Luis de Guindos will have to wait to find out if he is to become head of the Eurogroup of EU finance ministers after the European Council was unable to reach a decision on key roles on Wednesday.

Mr de Guindos is widely tipped to become the new head of the Eurogroup, which has political control over the Euro currency and the EU's monetary union. Spain's El País...

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 Spanish celebrities support Catalonia staying with Spain


Inspired by Better Together, the campaign against Scottish independence backed by JK Rowling, author of the Harry Potter books, and the former Manchester United manager Sir Alex Ferguson, Libres e Iguales (Free and Equal), featuring a number of prominent Spanish personalities such as Mario Vargas Llosa, the Peruvian-born Nobel prize-winning author, and Albert Boadella, a theatre director are striving...

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 Pamplona police on the hunt for the Bull Run selfie man


A man who took a selfie only inches away from charging bulls during Pamplona’s annual festival is now being hunted by city police for breaking the law.

The man was filmed taking the selfie in front of several bulls by Spanish media, as crowds and the bulls ran through Pamplona's streets during the San Fermin festival on Friday.

The man was recorded taking the photo as the...

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 Barcelona is most-requested destination in Spain


Barcelona was the most requested Spanish destination this week according to Tripology, a division of USA TODAY Travel.

Popular for romantic getaways from honeymoons to babymoons, the city of Barcelona was found to be the most requested Spanish destination, according to Tripology, a division of USA TODAY Travel.

Most travellers journeying to Barcelona are interested in culinary...

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 Eurozone approves early repayment of Spanish bank bailout funds


The board of directors of the European Stability Mechanism have backed the payment of €1.3 billion, which Spain had formally requested to pay on June 27.

A payment was not due on the rescue package until 2022.

"The European Stability Mechanism Administrative Council today approved the voluntary request on the part of Spain to make an early payment of €1.3 billion of the...

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 One out of every five of Spain's new freelancers is an expat


Almost a quarter of a million expats accounted for 20% of the newly registered 'autonomo' self-employed workers in Spain in the last 12 months, some 6.2% more than in the year before.

A report from the National Federation of Self-Employed Workers’ Associations (ATA) released on Tuesday showed that 234,566 non-Spaniards registered as self-employed in the year leading up to May 2014, a...

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 Strong employment and manufacturing figures for Spain in June


The Spanish employment index increased to 53.0 in June, which is the highest level since July 2007. It also confirms that the unemployment rate will continue to decline in Spain.

The nation’s manufacturing PMI was stronger than expected in June and the Spanish figure was the highest among the four biggest euro countries. This followed as the Spanish figure has trended upwards since November...

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 No inflation reported in Spain


Spain reported Friday a zero-percent annual inflation rate in June, as consumer prices were held down by the low cost of food, soft drinks and electricity, the National Statistics Institute said in a preliminary estimate calculated in line with European Union-agreed norms.

Prices in Spain are being held down by weak domestic demand, and the country is still struggling with a 26% jobless...

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 Catalan parliament calls for republic vote


The parliament of Spain's Catalonia region on Thursday called for a vote on the future of Spain's monarchy.

The call came on the same day Spain's King Felipe was due to visit the region for the first time since his enthronement.

The call for a consultative referendum came after Catalonia's left-wing ICV-EUiA put foward a motion demanding a vote on whether Spain should be remain...

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 Spain 'rewarded' with tax cuts


Spain revealed plans on Monday for sweeping tax cuts to stimulate the economy and create new jobs.

Deputy Prime Minister Soraya Saenz de Santamaria told a news conference that the reform, after the efforts made by Spanish people confronted by the crisis, aimed not only to recompense for those sacrifices but also “to dynamise growth and job creation.”

The proposed reforms...

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 King Felipe VI of Spain – a monarch for new times


Felipe VI has been formally proclaimed the new King of Spain, following the abdication of his father, Juan Carlos.

In an address before the packed parliamentary chamber, the new King, clad in military uniform, promised to head a changed monarchy "for new times.”

"We have a great country, we are a great nation -- let us trust in it," he told the packed parliamentary chamber...

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 Madrid hit by royal fever


In Madrid, plates, key rings and fridge magnets with the smiling faces of Spain's king-to-be Felipe VI and his queen Letizia are filling giftshops ahead of their enthronement on Thursday.

Souvenir stores are stacked with mugs and T-shirts that are already proclaiming them the "King and Queen of Spain", even though they have not been crowned yet.

White flowers line the broad...

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 Spain launches Europe’s biggest-ever property IPO


Merlin Properties aims to raise €1.5bn by floating on the Spanish market, according to a prospectus filed with the Spanish financial regulator today, the FT has reported.

If it succeeds in raising the desired sum, Merlin Properties’ IPO would be the largest continental-European of any kind since Bankia's €3.1bn launch in July 2011. It would also be Europe's largest-ever property...

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 Spain's MPs approve king's abdication


Spain’s MPs have voted on the bill as part of the process that will see Crown Prince Felipe become Spain's second post-dictatorship monarch, after King Juan Carlos's surprise June 2nd announcement that he intended to abdicate.

A total of 299 MPs voted for the bill, 19 voted against the legislation and there were 23 absentions from a total of 341 votes.

That announcement...

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 Spain's decline in home prices slows


An indication that the tide may finally be turning for Spain’s depressed real-estate market after six years of steep declines was the publication of figures showing that house prices fell at their slowest annual pace in more than three years in the first quarter.

Data from Spain's national statistics institute INE released Monday showed house prices declined by 1.6% on the year in the...

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 New protest party backs republican Spain


Spain’s young protest party, Podemos, said it would join the push for a referendum on the monarchy following the abdication of King Juan Carlos.

A coalition of over 50 anti-monarchy groups, the State Republican Board, is planning to stage a protest on Saturday in Madrid and several other cities to press the government for a popular vote.

"Our people will be at the protests...

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 Spain given €10m by the EU to fight illegal immigration


Spain will receive €10m in grants from the European Union to fight illegal immigration in its two north African territories of Ceuta and Melilla, the government said on Tuesday.

The two cities are both on Morocco's Mediterranean coastline and have Europe's only two land borders with Africa. For months, Madrid has been calling for more EU aid as it struggles to contain a surge of arrivals....

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 Spain registers significant drop in unemployment in May


The number of people without work in Spain fell to 4,572,385 in May, according to employment ministry figures released on Tuesday. That was the biggest drop in May on record.

When those figures are seasonally adjusted, May's fall was 24,604. Unemployment was also down 318,543 on May 2013.

In May, 198,320 people signed onto Spain's social security system, the best monthly figure...

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 Spain's government allows Repsol to look for oil off the coast of the Canaries


Oil giant Repsol has been given the go-ahead by the Spanish government to explore for oil and gas off the coast of the Canary Islands.

The environment ministry said in a statement it "has issued a favourable environment impact statement".

It said the exploration would take place around 60 kilometres (40 miles) from the shores of the archipelago and stressed its decision was...

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 €5m branch of Russian museum to open in Spain


The first overseas branch of Saint Petersburg's State Russian Museum will be hosted in the southern Spanish city of Malaga, which is scheduled to open in early 2015.

The State Russian Museum — not to be confused with Saint Petersburg's State Hermitage Museum — will send about 100 works on permanent loan, including paintings by Kandinsky and Chagall. It will also send about 60 works...

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 Some of Game of Thrones season 5 could be filmed in Spain


Game of Thrones is apparently set to film some of its next season in Spain as HBO scouts for potential locations in the region of Andalucia.

The network is allegedly ‘deep in talks’ with a local film commission, according to Entertainment Weekly.

Spain will be the seventh country Game of Thrones has been shot on location after the US, Croatia, Morocco, Malta, Iceland and...

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 7,000-year-old cave paintings found in Spain


Twelve prehistoric rock paintings depicting hunting scenes from 7,000 years ago have been discovered by archaeologists in eastern Spain.

Town hall representatives in the Valencian municipality of Vilafranca announced the discovery on Tuesday. It is the first discovery of its kind and importance for many years in the region.

Although archaeologists are still searching the area...

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 Costco opens first Spanish megastore in Seville


The US warehouse club chain Costco, which is one of the world’s largest retailers, opened the doors of its first establishment in Seville, Spain on Thursday.

The Seville warehouse has a surface area of 15,000 square meters and employs 235 people. If things go well, new locations will open in Madrid, Barcelona and Valencia. Costco, which already has 25 stores in the UK, is considering...

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 Spain’s inflation rose in April after March deflation


As initially estimated, Spain's rate of inflation rose in April after a brief slide into deflation in March, as energy prices stabilized after recent falls, official data showed Wednesday.

The country's European Union-harmonised consumer price index rose 0.3% in April, said the country's national statistics institute, or INE, up from a reading of -0.2% in March. Under Spain's own inflation...

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 Spain prepares debut inflation-linked bond


Spain is gearing up to issue its first ever inflation-linked bond, as it continues its strategy to broaden and develop its funding options. The country is seeking to diversify its revenue paths and develop the average maturity of its bond market in the wake of the eurozone crisis.

The imminent sale of an inaugural 10-year inflation-protected bond will be the first of a wider "linker progamme.”...

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 Spain is growing faster than it has in six years


Spain is currently experiencing the fastest rate of growth in six years as its economic recovery continues to gain traction, doubling the increase that was recorded in the previous quarter at a growth rate of 0.4%.

Spain hauled itself out of a difficult two-year recession last year, thanks to an export boom and improved funding conditions for Europe's more peripheral economies, but the...

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 Spain plans overhaul of tax system


Spain is planning a wholesale reform of its inefficient tax system, in a move aimed at shoring up the country’s economic recovery and strengthening the government’s chances of re-election next year.

The overhaul of the tax regime will mark the last big structural reform effort made by the government of prime minister Mariano Rajoy, and follows earlier moves to reform both the labour...

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 Spain seeks arrest of former Chinese president over Tibet


A Spanish judge on Monday sought the arrest of China's former president and premier over accusations of genocide in Tibet in an 8-year-old case that has drawn a rebuke from China.

High Court Judge Ismael Moreno asked Interpol to issue orders for the detention of former Chinese President Jiang Zemin, ex-premier Li Peng and three other officials for questioning on charges brought by Tibetan...

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 Spain's Telefonica fined half a million euros by regulator


Spain's leading telecoms operator Telefonica was fined 500,000 euros on Monday for what the regulator classed as two "very serious" breaches of competition rules in its home market.

The two offences included Telefonica’s failure to make a timely notification to the competition authority, the CNMC, of the prices and conditions of new internet and television packages, as it is required...

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 Spain’s textile industry created 150 new jobs in January


The Spanish textile industry created 150 new jobs during the month of January 2014, according to new employment data from the Spanish Social Security department.

According to the Seguridad Social data, the number of members registered in the Spanish textile industry stood at 129,152 in January 2014, which is the best since January 2011.

Last year, during the month of January...

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 The organisation that managed to create 7,100 jobs for people with disabilities in Spain last year


The Organización Nacional de Ciegos Españoles, known as ONCE was founded 75 years ago with the goal of helping blind people work for a living.

Since then, it has expanded its mandate, and it now helps people living with any type of disability.

Last year, ONCE created 7,100 jobs for disabled people last year even as Spain's jobless rate hit 26%. For its efforts, ONCE won...

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 Spain in January records smallest increase in unemployment since 2007


Spain recorded the smallest increase in unemployment since 2007 in January, with joblessness growing by 113,097 from the previous month.

January is infamous for increased unemployment as seasonal jobs recede, leading to a spike in people out of work, but the rate at which unemployment has increased is the slowest since pre-crisis times.

The Secretary of State for Employment,...

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 Spanish royals disclose their salaries to the public


Spain’s royal family on Monday unveiled the salaries and expenses of all its senior members, just days before the king’s younger daughter is due to appear in court as a formal suspect in a high-profile fraud investigation.

The revelation is the latest in a series of moves by King Juan Carlos to restore wavering public support for the monarchy, which has recently been embroiled in a...

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 KKR opening first office in Spain


KKR & Co. is set to open its first office in Spain on Monday, as it seeks build on its billion-euro stake in a country that is attracting a growing volume of investment from abroad. Jesús Olmos, head of the New York-based buyout specialist’s Spanish operations and its Europe, Middle East and Africa infrastructure team said the firm is interested in opportunities such as real estate, infrastructure...

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 Spain prices rose less than expected in January


Spanish consumer prices rose slightly less than expected in January, preliminary data showed on Friday, but stayed high enough to dampen speculation about deflation. The harmonised index for consumer prices rose by 0.3% year-on-year in January, data from the National Statistics Institute (INE) showed. The Reuters forecast had been expecting an increase of 0.4%. Spain's consumer price figure was...

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 Sovereign bond holdings help Spain reap billions


Spain’s banks are booking billions of euros in trading profits linked to their large holdings of Spanish sovereign bonds. The sharp jump in trading profits is a direct result of the eurozone carry trade, in which banks from countries such as Spain and Italy borrow money cheaply from the European Central Bank to buy high-yielding sovereign debt from their own governments. The “doom loop”,...

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 Spain upgrades economic outlook for 2014


Spain's government upgraded the economic growth outlook for 2014, as Economy Minister Luis De Guindos told reporters in Brussels he expected Spain's economy to expand by nearly 1% in 2014, up from an official growth forecast of 0.7%. The nation has been working hard to cast off half a decade of stop-start recession that pushed the unemployment rate above 26%, and Mr De Guindos’ projection is the...

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 DNA traces of blue-eyed caveman analysed in Spain


Scientists have been given an unprecedented glimpse of modern humans before the rise of farming, thanks to the DNA taken from the wisdom tooth of a European hunter-gatherer. According to analysis of his genetic makeup, the Mesolithic man, who lived in Spain around 7,000 years ago, had an unusual mix of blue eyes, black or brown hair, and dark skin. He was probably lactose intolerant and had more...

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 Record number of tourists visited Spain in 2013


Spain has taken back the number three spot in world tourism in 2013, as foreign tourist arrivals surged by 5.6% in the year, the government said. Spain now stood behind only France with 83 million international tourist arrivals and the United States with 67 million, according to Prime Minister Mariano Rajoy. Income from foreign tourists hit record levels, too, giving a welcome boost to the Spanish...

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 Spain exits international bailout programme


Spain exited its international bailout programme Thursday, becoming the second Eurozone country - after Ireland’s exit in December - to do so. The Spanish government heralded the bailout exit as a milestone, but acknowledged that more progress was needed in a country with a jobless rate of 26%. Prime Minister Mariano Rajoy told parliament Wednesday that although the unemployment figures in...

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 Spanish police bust major counterfeiter


One of the world's main counterfeiters of 50-euro bills was arrested in the central Spanish city of Toledo, police said. The counterfeiter, 60, worked in a home laboratory where he produced about 2,500 bogus bills per day. A self-taught expert in graphic arts, printed up the fake bills with the help of his wife. He had built a special homemade stove in his home to dry the 50-euro and $100 bills...

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 Investors throng new Spanish 10-year bond


After receiving more than €22bn of orders for a syndicated debt sale on Wednesday, the Kingdom of Spain is set to issue a bumper new 10-year benchmark bond at one of the lowest yields seen in the last eight years. In terms of size and number of accounts, there is a tremendous amount of interest in the deal, illustrating that there is a voracious appetite from yield-starved investors who are not...

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