Economy

Retired Spaniards earn more than the national average

Retirees in the 66-75 age bracket earn more than the average Spaniard thanks to steady pensions

Crisis in catalonia

Ousted Catalan officials petition Supreme Court for release from jail

Ex-deputy premier Oriol Junqueras and aides pledge to abide by Article 155 of Constitution despite opposing it politically

Income inequality

Spain among worst performers in Europe on income equality: EU report

Madrid also criticized for failure of poverty-reduction measures and elevated school drop-out rate

CATALAN INDEPENDENCE

Spanish economy could lose €27bn over Catalan crisis, warns Bank of Spain

New report considers impact of uncertainty on consumption, investment, employment and financing

Catalan independence

Errors, falsehoods and half-truths about the economy of an independent Catalonia

Catalan government report plays with the numbers to paint a rosy picture of secession’s financial costs

Catalan bid for independence

No, Catalonia is not being robbed

An analysis of the figures does reveal, however, that the region is slightly underfunded compared to the national average

tourism industry

Number of foreign visitors to Spain staying in tourist apartments soars by 33%

Hotel sector calls for regulation of online accommodation platforms such as Airbnb

JOB MARKET

Unemployment in Spain falls below four million for first time since 2009

The jobless rate drops to 17.2%, nearly three percentage points lower than a year ago

Wealth

Spain’s super rich bounce back after crisis

But tax data from 2015 also highlights unequal nature of country’s economic recovery

ECONOMY

Despite economic growth, Spain’s younger workers see their salaries fall

Figures from 2015 highlight serious breach between public sector and private sector wages

ECONOMY

Brussels warns Spain it will keep a close eye on its high debt levels

European Commission notes that Madrid must continue to enforce strict fiscal policy after 2018

SPANISH ECONOMY

Leading Spanish companies will have to pay back €1 billion in tax breaks

EU tells Madrid policies to encourage firms’ international expansion break competition rules

ECONOMY

Spain and Portugal, EU nations with lowest public investment

Spanish government agencies spent 1.9% of GDP in 2016 compared to 5.1% in 2009

SOCIAL WELLBEING

Almost 28% of Spanish population at risk of poverty or social exclusion

New survey using 2015 data shows average household income grew 2.4% to €26,730 from previous year

Foreign investment

Spain’s “golden visa” scheme brings in €2.16 billion in first three years

Government has handed out 27,301 residency permits in program designed to attract wealthy foreigners

INTERVIEW | Klaus Regling, Managing Director of the European Stability Mechanism

EU bailout chief: “Bank supervisors in Spain weren’t tough enough”

Bailout fund manager says euro zone can work well if debt levels are kept low

ECONOMY

IMF: Spain’s richest 20% earn seven times more than poorest 20%

World body warns the country is among EU’s worst offenders in terms of income inequality

ECONOMY

Spanish economy outperforms expectations to grow 3.2% in 2016

Output has recovered 80% of what it lost during economic crisis but GDP make-up has changed since 2008

EFFECTS OF THE CRISIS

Spain’s richest 10% hold more than half the country’s wealth

But the poorest 25% of households have fallen into debt, according to new Bank of Spain report

EFFECTS OF THE CRISIS

Biggest losers: Survey shows how Spain’s crisis punished the young

Seniors were only group to see income rise from 2011 to 2014, new study reveals

SPANISH ECONOMY

Rising oil prices threaten Spain’s economic growth model

Jump caused by spike in oil prices raises concerns about Spain’s ability to stay competitive

EMPLOYMENT

Spain to spend €450 million on youth wage subsidies

But budget restrictions will see assistance limited to a pilot program for workers under 30

ECONOMY

IMF calls on Spain to raise VAT and revise health, education spending

The organization also criticizes the abuse of temporary contracts and is calling for labor market reforms

FOREIGN TRADE

Spanish exports stagnate after hitting historic highs

Overseas trade has hit record levels but has been slowing since July and was stagnant in September

TAXES

Spanish government eyes tax hike on tobacco, alcohol and diesel fuel

Proposals backed by emerging center-right group Ciudadanos to avoid income tax increase

BUDGET NEGOTIATIONS

Spain eyes corporate tax rate in bid to boost ailing revenues

Popular Party in talks with Ciudadanos about best way to raise income as Brussels calls for cuts

INVESTMENT IN SPAIN

Three out of 10 UK firms plan to cut back investment in Spain

Brexit prompting some companies to rethink overseas strategy, says new report