ECONOMY & BUSINESS

Spanish economy sees record-high quarterly rise, but remains far from pre-crisis levels

Gross domestic product rose 16.7% between July and September, but the recovery is likely to be short term as Spain faces a new round of coronavirus restrictions

SPANISH ECONOMY

Spain planning tax hikes for highest earners as part of expansive budget

The minority government's blueprint allocates a record €239.8 billion to public investment to overcome the coronavirus crisis

CORONAVIRUS

UK, Germany add Spain’s Canary Islands to safe travel destination list

The move fuels hopes of saving part of the high season on the archipelago, which has seen a sharp drop in tourists due to the coronavirus pandemic

PROMOTION

EL PAÍS teams up with Gymglish to offer personalized English lessons

Readers who sign up will receive a 21-day free trial of the online classes which are adapted to a student’s specific needs

CORONAVIRUS FALLOUT

Why Spain will not ask for €70 billion of its share of EU recovery fund

With interest rates near zero and soaring public debt, the Spanish government would rather focus on the non-repayable grants than on the loans it is entitled to - and it is not the only one

ECONOMY & BUSINESS

PRISA refinances its debt until 2025 and agrees to sell Santillana Spain for €465m

The agreement establishes a framework for a future effective separation of the Education and Media businesses

CORONAVIRUS

Shutters come down on Barcelona’s bars as coronavirus restrictions bite

EL PAÍS speaks to workers in the hostelry sector on the day that the regional government’s closures across Catalonia were backed by the courts

SPANISH BUDGET PLANS

Spanish government planning to increase taxes by €6 billion in 2021

Public revenues are forecast to grow by €33.4 billion next year thanks to a rebound in the economy and new fiscal measures

CORONAVIRUS FALLOUT

The perfect storm that dragged Spain to the bottom of advanced economies

Experts point to factors such as over-reliance on tourism, a stricter confinement than most other countries and the small size of businesses

ECONOMY & BUSINESS

Spain’s Labor Inspectorate forces Amazon to give 4,000 false freelancers work contracts

The online retail giant will also have to pay €6.16 million in Social Security contributions that were not paid while the staff were providing delivery services to the multinational

ECONOMY & BUSINESS

Spain headed for record deficit level, according to IMF

The global organization also says the country will not return to pre-crisis unemployment figures before 2026

CORONAVIRUS

Spanish airports see 75% drop in passengers over summer due to coronavirus crisis

Quarantine measures required for visitors to Spain, combined with fear of contagion, have led to a record fall in flight arrivals

CORONAVIRUS FALLOUT

Spain’s economy will shrink more than most in 2020, says IMF

As a result of the coronavirus crisis, output is expected to decline by 12.8% of GDP, an unprecedented figure that is worse than in any other advanced country

INTERVIEW | DAVID MALPASS

World Bank chief: ‘This crisis must be seen as an economic depression; the question is how long it will last’

President David Malpass is worried about the effects of the coronavirus pandemic on developing economies, which lack the recovery tools of developed countries

CORONAVIRUS

Under coronavirus restrictions, can Spaniards be persuaded to eat dinner at 8pm?

Bars and restaurants in the Madrid region are hoping that customers will be able to adapt to the earlier closing times that have been implemented in a bid to slow the spread of the virus

CORONAVIRUS

Spain raises spending ceiling by over 50% to deal with coronavirus fallout

The central executive makes allowances for greater expenditure, but warns that the economy will contract by around 11.2% this year due to the crisis

WORKING IN SPAIN

Spain planning change in Social Security contributions for freelancers

The self-employed could soon pay according to their real income, rather than a fixed monthly amount regardless of how much they make

EMPLOYMENT

Labor market sets positive records in September, but employment still far from pre-pandemic levels

A total of 84,013 workers signed up with the Social Security system last month, while registered unemployment fell by 26,329 people. Around 700,000 employees remain on the government’s furlough scheme

CORONAVIRUS

Over 1.5 million Spaniards are either jobless or furloughed due to the coronavirus pandemic

A recent report shows that the hospitality, transportation and retail sectors have been worst hit, predominantly affecting Spain’s coastal areas

TOURISM

Tour operators prepare to resume travel between Germany and Canary Islands

The Spanish region is pushing for passenger testing at origin and destination to avoid the need for quarantines

ECONOMY & BUSINESS

Spain extends ERTE furlough scheme until January 31

The deal, which has received the green light from unions and employers, also includes new support for self-employed workers affected by the coronavirus crisis

BANKING IN SPAIN

Ex-IMF chief Rodrigo Rato acquitted over Bankia IPO fiasco

Spain's High Court also cleared 33 other defendants accused of fraud in connection with the 2011 listing of a bank that had to be bailed out a year later

GIG ECONOMY

Spanish Supreme Court rules food-delivery riders are employees, not self-employed

The decision could have far-reaching consequences for businesses in the so-called gig economy

CORONAVIRUS

Waiting for tourists in southern Spain’s ghost coast

More than 80% of hotels on the Málaga shoreline have closed while Cádiz’s are surviving on 20% occupancy this month

CORONAVIRUS

Spanish economy shrank 17.8% in the second quarter due to coronavirus crisis

The decline is the largest since the 1930s, but not quite as bad as the National Statistics Institute had anticipated

ECONOMY & BUSINESS

Spain’s new decree on working from home – everything we know so far

A preliminary agreement was reached on Monday by the government, unions and business associations on a legal framework for teleworking, something that was not a common practice in the country until the coronavirus pandemic hit

MADRID

The immigrants who built a fruit empire in Spain

The no-frills business of selling fresh produce has provided a direct route to prosperity for people who came to the country with very little. A Moroccan family, three Chinese friends and a Bangladeshi entrepreneur are now leading the sector in Madrid