Economy
Looking to buy a second-hand car in Spain? Exploring trustworthy options and websites is essential to secure the best deal. When considering a second-hand car purchase in Spain, various avenues are available. You might buy from a neighbor or a friend, visit a car dealership, search online, or even discover......
Spain's wealth tax, known as el impuesto de patrimonio, is primarily administered at a regional level, allowing autonomous communities to provide various discounts and exemptions that can be particularly advantageous for high-income foreigners. Understanding these nuances is crucial for those looking......
The landscape of Spain's real estate market has undergone a significant transformation as non-EU foreigners rushed to acquire high-value properties in the wake of the government's decision to abolish the golden visa scheme. Recent data reveals a remarkable increase in home purchases, particularly......
Spain's recent enactment of an anti-squatter law has stirred optimism among landlords and property owners, heralding a shift toward expedited legal procedures for evicting unauthorized occupants. As the legislation takes effect, its implications for both squatters and landlords are under scrutiny. The......
New research highlights a troubling trend in Spain's rental market, revealing that residents now allocate an alarming 47 percent of their monthly income to rent, with some regions witnessing figures as high as 70 percent. This situation underscores the growing housing crisis affecting countless individuals......
The Spanish real estate market continues to attract foreign buyers, even as the government implements measures to limit their participation. Recent legislation, including the elimination of the golden visa scheme and discussions of a supertax on non-resident non-EU property buyers, aims to curb the soaring......
Morocco and Spain have recently formalized two significant agreements aimed at advancing the Strait of Gibraltar crossing project. Signed on Thursday in Madrid, these agreements emphasize cooperation in digitalization, engineering, and educational initiatives. The Moroccan delegation, led by Abdelkabir......
As the doors to the United States potentially close or become increasingly expensive, countries around the world, including Spain, are seeking alternatives. Spain's Prime Minister, Pedro Sánchez, is embarking on a visit to China and Vietnam this Wednesday, aiming to diversify the nation's......
The Spanish government has unveiled a €45 million initiative aimed at enticing US-based researchers disillusioned by the Trump administration to relocate their work to Spain. Amidst rising discontent within the American scientific community, approximately 2,000 researchers recently signed an open......
The cryptocurrency market is experiencing significant downturns, following the global stock market's drop fueled by a trade war initiated by U.S. President Donald Trump. Major cryptocurrencies are mirroring the declines seen in European, Asian, and American stock indices. Bitcoin has hit its lowest......
In a recent interview with The Korea Times, Chafik Rachadi, Morocco’s ambassador to South Korea, highlighted the deepening economic relations between Rabat and Seoul, underscored by a landmark $1.5 billion agreement between Morocco’s national railway operator (ONCF) and Hyundai Rotem. Ambassador......
The Bank of Spain has declared that starting in April, specific €50 banknotes will no longer be accepted as legal tender across the nation. While €50 and €20 notes remain widely used in Spain, this decision affects only those €50 banknotes that exhibit visible signs of tampering......
Spain has activated a response plan to counter the tariffs announced by Donald Trump, mobilizing 14.1 billion euros. Of this amount, 7.4 billion comes from new financing, while 6.7 billion uses existing instruments. The aim is to provide a double protection for businesses and employment, relying on both......
