Economy
Spain has added more than 1.4 million foreign workers to its labor force over the past decade, according to new data. Economists view this trend as essential for sustaining the country’s welfare and pension systems amid an aging population. A decade of growth in foreign labor Figures from Spain's......
Residents of Valencia, Alicante, and the rest of La Comunitat Valenciana will see significant tax reforms in 2025, impacting wealth tax, inheritance and gift tax, property transfer tax, and personal income tax. These changes, introduced by the right-wing coalition of PP and Vox, aim to bring financial......
Spain amended its housing law two years ago to curb soaring property prices and rents. The reform aimed to regulate rent prices through a rent control index, increase taxes on landlords with vacant properties, and incentivize below-market rental rates. Since then, rental prices have risen by 24 percent......
A high-level economic delegation from Spain’s Valencia region will visit Tangier on June 2 and 3 to reinforce trade and investment ties with Morocco. Organized by the Valencia Chamber of Commerce, the Tangier-Tetouan-Al Hoceima Chamber of Commerce, and the Moroccan Consulate General in Valencia,......
Morocco will host the first International Salon for Ports and their Ecosystem (SIPORTS) from February 5 to 7, 2026, at the Mohammed VI Complex in El Jadida. The event is organized by LINECO Events under the patronage of the Ministry of Equipment and Water. Designed as a strategic platform, SIPORTS aims......
The Bank of Spain recently issued a cautionary note, indicating that signs of a property bubble may be emerging in the country. As house prices soar to historic levels, the question arises: is Spain witnessing a real estate bubble, and if so, could it burst within the next year? A property bubble is......
If you are a non-resident in Spain, there are specific services and rights available to you, as well as limitations. This article explores the intricacies of non-residency, helping you navigate the decision of whether to remain a non-resident or transition to residency. Being a non-resident in Spain......
Valencia will soon welcome a direct transatlantic route, re-establishing its connection with Montreal, Canada, for the first time in over a decade. This new service will be operated by Air Transat and is set to commence on June 21, 2025, with flights scheduled for Saturdays. The introduction of this......
Hassan Abkari, the former director general of Tanger Med Port Authority (TMPA), has officially liquidated the Spanish firm that was central to his dismissal. This development follows the revelation of his business activities in Valencia, prompting the closure of New Port Consulting 2024, a company he......
Viral social media posts have sparked a wave of misinformation regarding cash withdrawals in Spain, claiming that individuals will be fined as much as €150,000 for withdrawing €3,000 or more from an ATM. This sensational narrative has gained traction on platforms like X and Facebook, with some......
In recent years, Catalonia has established itself as the premier choice for foreigners seeking employment in Spain. According to new data, 24 percent of individuals who arrived in Spain since 2015 have opted to settle in this northeastern region, surpassing Madrid, which attracts 20.3 percent of job......
In a significant initiative to tackle Spain's housing crisis, Prime Minister Pedro Sánchez has unveiled a new National Development Plan, committing €1.3 billion over the next decade to industrialize housing. This ambitious plan aims to produce 15,000 housing units annually, addressing......
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......
