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Business

Latest Business news and updates about Spain.

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business

Debt Relief for Taxpayers in Spain: Understanding the Latest Measures

In a significant development for individuals struggling with debt to the Spanish tax authority, Agencia Tributaria (Hacienda), there are new measures that could offer relief, particularly for those with smaller debt amounts.

Eligibility and Conditions

The Spanish tax authority has introduced a policy where debts owed to Hacienda can be forgiven, but only if they are below certain thresholds. This initiative is aimed at alleviating the financial burden on taxpayers who are facing difficulties in paying off their debts.

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business

Isak Andic Ermay: The Visionary Founder of Mango Passes Away in Tragic Accident

Isak Andic Ermay, the renowned founder and chairman of the global fashion brand Mango, tragically passed away on Saturday, December 14, 2024, in a hiking accident near Barcelona, Spain. Andic, who was 71 years old, left an indelible mark on the fashion industry and will be deeply missed by his family, colleagues, and the millions of customers who have come to adore the Mango brand.

Early Life and Entrepreneurial Journey

Born in 1953 in Istanbul, Turkey, to a Sephardic Jewish family, Andic's life was marked by early entrepreneurial spirit and a penchant for innovation. In 1969, his family emigrated to Barcelona, Spain, where he and his brother Nahman began their journey in the fashion industry by selling hand-embroidered T-shirts and clogs. This humble start laid the foundation for what would become a global fashion empire.

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business

Mango Founder Isak Andic to be Honored with Catalan Government's Highest Award

In a poignant tribute to his enduring legacy, the Catalan government has announced plans to honor the late Isak Andic, the founder of the global fashion brand Mango, with the region's highest award.

A Life of Entrepreneurial Excellence

Born in Istanbul, Turkey in 1953, Isak Andic emigrated to Barcelona with his family in 1969. This move marked the beginning of a remarkable journey that would see him become one of the most influential figures in the Catalan and global fashion industry. In 1984, Andic, along with his brother Nahman and fellow entrepreneur Enric Cusí, founded Mango, a brand that would go on to achieve international recognition with a presence in over 100 countries and hundreds of stores worldwide.

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business

Sidenor Acquires ePlus, a Specialist in Waste Management, Amidst Talgo Negotiations

In a significant move within the Spanish industrial sector, Sidenor, a leading steel producer, has announced the acquisition of ePlus, a company specialized in waste management. This development comes as Sidenor is also engaged in negotiations with the railway manufacturer Talgo.

The Acquisition of ePlus

The acquisition of ePlus by Sidenor marks a strategic expansion into the waste management sector, aligning with Sidenor's broader goals of diversifying its business operations and enhancing its environmental sustainability initiatives. ePlus, known for its expertise in managing and processing industrial waste, will bring valuable capabilities to Sidenor, enabling the company to improve its environmental footprint and comply with increasingly stringent regulatory requirements.

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business

Spain Experiences Accelerated Inflation Rate in November 2024

In a recent development that has caught the attention of economists and consumers alike, Spain's inflation rate has seen a notable increase in November 2024. This surge, while unexpected, is largely attributed to specific economic factors and base effects from the previous year.

Current Inflation Figures

As of November 2024, Spain's year-on-year inflation rate has risen to 2.4%, marking a significant jump from the 1.8% recorded in October. This increase exceeds market expectations, which had forecasted an inflation rate of 2.3% for the month[2][3].

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business

Mercadona: A Spanish Retail Giant's Continuous Evolution and Commitment to Its Workforce

In a move that highlights its commitment to both its employees and the community, Mercadona, Spain's leading supermarket chain, has announced a significant salary increase for its entire workforce. This development is the latest in a series of initiatives that underscore the company's dedication to its staff and its position as a leader in the Spanish retail sector.

A Brief History of Mercadona

Founded in 1977 by Francisco Roig Ballester and his wife, Trinidad Alfonso Mocholi, Mercadona began as a small butcher's shop in Tavernes Blanques, a village in Valencia. Under the leadership of Juan Roig, who assumed the role of CEO in 1981, the company has expanded dramatically, now boasting 1,618 stores across Spain and 54 in Portugal[1].

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