Economy
Spain has expressed profound gratitude to Morocco for its significant assistance in resolving the massive blackout that recently afflicted the country, impacting tens of millions across the Iberian Peninsula. In a week marked by widespread disruption to businesses, hospitals, transit systems, and cellular......
Beatriz Corredor, president of Red Eléctrica (REE), took nearly 48 hours to provide explanations regarding the significant blackout that occurred on Monday, despite her role overseeing the company responsible for energy transport and distribution in Spain. However, she chose to speak not in front......
The Spanish government has issued an official request for critical information from electric companies concerning the massive blackout that occurred on Monday. President Pedro Sánchez has publicly highlighted these companies, particularly focusing on the private operators, amidst concerns over......
Morocco showcased its economic strengths and investment opportunities during the “Morocco Now” conference held on Tuesday in Madrid. The event, themed “Investing together for a sustainable and shared future,” attracted major economic players from both Morocco and Spain. It aimed......
A total of 80 companies in Catalonia have reached out to the Generalitat's Agency for Business Competitiveness (ACCIÓ) for advice following the announcement of the Pla Responem, a plan to counter the tariff war initiated by U.S. President Donald Trump. The agency, which operates under the......
New data reveals that American nationals are paying significantly more for homes in Spain than most other foreigners, with the second half of 2024 witnessing a remarkable surge in property prices. This trend has sparked concerns about the ongoing housing crisis in the country, which has been identified......
The Tanger Med Port concluded the 2024 fiscal year with an impressive revenue of MAD 11.23 billion ($1.212 billion), reflecting a robust increase of 12.3% compared to the previous year. This prominent Moroccan port has established itself as a pivotal regional hub, facilitating significant national imports......
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......
Europe is on the brink of a demographic shift, with its population set to decline in many countries due to an aging populace and a falling birth rate. A recent study highlights that the integration of immigrants into the workforce is essential for sustaining both societies and economies across the continent. Europe's......
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......
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......
