Economy
In recent months, Spain has found itself in the spotlight as the European Union prepares to take legal action against the country for imposing a discriminatory tax on non-residents. This issue has gained traction since Prime Minister Pedro Sánchez announced plans to address the housing crisis,......
Spain has substantially increased its arms exports to Morocco, with figures soaring by 1,264.77% in 2024 compared to the previous year. The total value of these exports is now €21 million, up from just €1.5 million in 2023, according to an analysis by the Spanish news outlet OKDiario based......
For Americans contemplating a move to Spain, understanding the cost of living is crucial. Recent statistics reveal a significant trend: the number of Americans residing in Spain surged by 10,000 from 2022 to 2024. The growing appeal of Spain lies in various factors, including a favorable political climate,......
Authorities in the Balearic Islands—Mallorca, Menorca, Ibiza, and Formentera—are introducing a series of measures aimed at controlling mass tourism and fostering a more sustainable tourism model. These initiatives include taxes on rental vehicles and steep fines for illegal tourist accommodations. The......
As Spain grapples with an escalating housing crisis, many citizens are turning to a lottery system for a chance at affordable living. Among them is 30-year-old auxiliary nurse Pacheco, who, alongside her partner Sergio Encinas, has faced the harsh reality of soaring rents. The couple has been unable......
US President Donald Trump's trade policies have recently cast a shadow over Europe, with the potential for 25 percent tariffs on EU-made goods. This move, which Trump claims is necessary to rectify what he perceives as unfair trade practices, has significant implications for various sectors in Spain,......
Morocco's green hydrogen ambitions took a significant leap forward with the selection of five major investors during a steering committee meeting chaired by Prime Minister Aziz Akhannouch in Rabat. This move is part of a broader initiative to develop six projects valued at MAD 319 billion ($31.9......
Spain continues to attract many expatriates looking to retire, with its favorable climate, picturesque coastline, and vibrant culture. However, rising living costs, including soaring housing prices, inflation, and increased taxes, have led to concerns about the true affordability of retiring in this......
The average price of a pre-owned home in Spain has surged to a record €2,271 per square metre following a 1.5 percent monthly increase in February, as reported by property portal Idealista. This marks a 1.2 percent rise over the last three months, setting a new benchmark for Spain's leading......
Morocco has emerged as Spain's largest natural gas customer, overtaking France, according to recent figures released by the Corporation of Strategic Reserves of Petroleum Products (Cores). Data highlighted by The Objective reveals that Morocco imported a staggering 9,703 gigawatt hours of natural......
Morocco’s economy is forecasted to grow by 5.0% in 2025, up from 3.3% in 2024, despite challenges posed by a weak agricultural sector, according to a report by Fitch Solutions published on February 26. This revised forecast, down from an earlier projection of 5.6%, reflects “emerging signs......
Since officially adopting a four-day workweek in 2019, Iceland has emerged as a global example of how reducing working hours can transform professional life while significantly enhancing workers' well-being. This groundbreaking shift, which began as an experiment in 2015, has not only maintained......
Hassan Abkari, the Director General of Tanger Med Port Authority (TMPA), has been relieved of his duties following revelations of a private business venture in Spain’s port sector, raising concerns over a conflict of interest. The decision came during an emergency board meeting held on February......
