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Economy


Morocco to host international port ecosystem salon in El Jadida in 2026

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......

Is Spain's property market on the brink of a bubble?

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......

Understanding the rights and limitations of non-residents in Spain

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 launches direct flights to Montreal, revitalizing transatlantic connectivity

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......

Tanger Med port's remarkable growth amid leadership controversy

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......

Debunking the myth: Spain's cash withdrawal regulations explained

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......

Catalonia emerges as the top destination for foreign job seekers in Spain

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......

Spain's prefab homes: a solution for the housing crisis and a boost to self-image

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......

Finding the best second-hand cars in Spain: a comprehensive guide

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......

Navigating Spain's Wealth Tax: A Guide for Foreign Investors

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......

Surge in luxury property purchases in Spain ahead of golden visa cancellation

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 new law promises swift eviction for squatters: a closer look

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......

Rising rental costs in Spain push tenants to the brink

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......