The ambitious Spain-Morocco undersea tunnel project, designed to connect Morocco’s Tangier with Spain’s Algeciras through the Strait of Gibraltar, is estimated to carry a hefty price tag of €15 billion, as reported by Spanish newspaper La Razón. This monumental initiative is......
Recent data from Eurostat reveals that despite Spain's ongoing economic growth, the purchasing power of its residents remains as low as it was 25 years ago. Spaniards now find themselves eight points below the EU average income level, a stark reminder that macroeconomic indicators do not always reflect......
Morocco has successfully raised €2 billion ($2.2 billion) in euro-denominated bonds, marking its first eurobond sale in five years. This significant financial move attracted bids totaling over €6.75 billion, surpassing initial expectations by €500 million. The funds will primarily support......
Morocco is currently maneuvering through a landscape marked by diplomatic and trade challenges, amidst a backdrop of global economic uncertainty. The year 2025 unfolds with apprehensions regarding international trade, particularly as the U.S. administration under President Trump signals potential tariffs......
The European Commission has firmly rejected allegations of tax fraud concerning Moroccan tomato exports to the European Union. This decision comes in the wake of concerns raised by Spanish MEP Carmen Crespo, who questioned whether Morocco had exceeded its duty-free export limits. European Commissioner......
As Europe reshapes its supply chains to enhance resilience, Morocco is establishing itself as an indispensable strategic pivot. Its geographical proximity, coupled with a steadily diversifying economy, positions it as a preferred partner for a continent seeking reliable alternatives to distant and fragile......
The Moroccan government has recently approved a decree aimed at modernizing the Highway Code and enhancing traffic regulations in anticipation of the FIFA World Cup 2030. This adjustment seeks to balance regulation, innovation, and accessibility within the transport sector. In a significant move, the......
Spain's annual income tax return, known as "la declaración de la renta," is set to commence, and individuals must prepare for significant deadlines and changes in 2025. This tax return, which pertains to the 2024 tax year, requires careful attention from taxpayers across the nation. Key......
Doubts linger regarding the feasibility of the proposed tunnel between Spain and Morocco. To gather comprehensive data on the viability and costs of this megaproject, new studies have been commissioned to a German firm. The Spanish public company Ineco recently issued a call for tenders for the "feasibility......
European wine and Champagne producers are preparing for significant financial strain due to a looming 200% tariff on their exports to the United States. The threat follows the European Union's 50% tariff on American whiskey, which is set to take effect on April 1 as a retaliatory measure against......
Spain’s second-largest bank, BBVA, has received approval from Morocco's central bank, Bank Al-Maghrib, for the indirect change in control of Banco Sabadell’s operations in the country. This development marks a significant step in BBVA's broader strategy to enhance its presence in......
Spain, a key player in the European mining sector, operates 2,600 mines, generating annual revenues of €3.5 billion ($3.8 billion). As the EU's second-largest producer of copper and magnesite, Spain holds significant yet largely unexplored mineral wealth, according to experts in the field. Geologist......
A recent study from the Carlos III Health Institute in Spain has revealed the detection of five cases of a rare enterovirus in children between 2019 and 2024. This enterovirus, also identified in other European countries, is linked to both respiratory and neurological diseases, prompting calls for heightened......
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