business
October 29th, 2009
For many the dream of moving to Spain also includes opening a business and in many cases that business is a bar. In this article from 2004, Kyero looked at what are still the primary considerations when buying a bar (or any business for that matter). In the service industry, your ...
Continue reading Bars for sale in Spain
December 21st, 2009
The Second Deputy Prime Minister and Spanish Minister of Finance, Elena Salgado, said today that businesses will begin to see "some improvement" in the granting of loans. Salgado was speaking at a ceremony in which the Official Credit Institute (ICO) and ten financial institutions signed a collaboration agreement to support and ...
Continue reading Promised Improvement in Access to Loans for SME’s
December 21st, 2009
The national court judge Baltasar Garzon has set a bail of 500,000 euros for the former mayor of Santa Coloma de Gramenet (Barcelona), Bartomeu Munoz, accused in the urban corruption scandal known as "operation Pretoria". According to his lawyer however, the former mayor has no ability to pay this amount ...
Continue reading Corruption Scandal Mayor Released on Bail
December 23rd, 2009
The electricity tariff set by the government and currently applied to 22.7 million homes and small businesses will rise from the 1st of January by 2.64%, as reported today by the Deputy Prime Minister, Maria Teresa Fernandez de la Vega. In a statement, the Ministry of Industry has suggested that the ...
Continue reading Spanish Electricity Prices to Rise by 2.6% in 2010
December 28th, 2009
Spain's numerous Kiosks, that are seen on street corners selling newspapers and magazines may, are now able to sell cigarettes and tobacco under an amendment to various laws on free access, known as Omnibus. According to the Association of Press Sellers, "This amendment puts an end to four years of unjust ...
Continue reading Kiosks Get Boost with Tobacco Sales
January 4th, 2010
A total ban on smoking in bars, restaurants and entertainment venues in 2010 will cause the closure of between 35,000 and 40,000 premises (10% of the total in Spain), and the loss of 100,000 jobs according to the Vice Chairman of the Spanish Federation of Hotels and Restaurants
Continue reading 100,000 To Lose Jobs Due to Spanish Total Smoking Ban
January 11th, 2010
From now on, the tax authorities will know of any provision, payment or debit amounting to over 3,000 euros that is made with cash through banks or via credit and debit cards. Banks are also obliged to "systematically" report cash or card payments over €3,000 by businesses or
Continue reading All Transactions Over €3,000 Reported to the Spanish Taxman
January 13th, 2010
Minister of Labour, Celestino Corbacho, said today that the underground economy in Spain accounts for between 16% and 20% of GDP, while also recognising that irregular activities usually increase in times of crisis. During a presentation of 2009 results for fraud in the workplace, Corbacho said that these figures serve to
Continue reading 20% of Spain’s GDP In Underground Economy
January 16th, 2010
Individually managed pension plans returned a weighted average of 6.10% for their participants in 2009, according to data provided today by VDOS Stochastics. The head of company analysis, Paula Mercado, has stressed that the main winners of the year were
Continue reading Pension Fund Growth at 6.1% in 2009
January 17th, 2010
A total of 67,303 small and medium enterprises (SMEs) disappeared in Spain last year, according to the data of companies registered with Social Security. Specifically, the year finished with 1,264,689 registered companies, of which 1,260,085 were classified as SME's, down by 5.1%
Continue reading Spanish Small Business Closures Up 5.1%
