Economy

Economy

Latest Economy news and updates about Spain

economy

Cantabria Sees Significant Rise in Industrial Prices, Impacting Local and Expat Communities

In a recent development that could have far-reaching implications for both local residents and expats, Cantabria has emerged as one of the regions in Spain with the most substantial increases in industrial prices. As of January 2025, Cantabria has positioned itself as the seventh autonomous community in Spain where industrial prices have seen the most significant rise.

Industrial Price Hike: A Regional Perspective

The industrial sector in Cantabria has experienced a notable surge in prices, reflecting broader economic trends and regional specificities. This increase is part of a larger national picture where various regions are grappling with rising costs across different sectors. For Cantabria, this means that businesses and consumers alike are facing higher expenses, which could impact the overall cost of living and doing business in the region.

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economy

New Tax Incentives Announced to Boost Underrepresented Activities in the Canary Islands

In a significant move to stimulate economic growth and diversification in the Canary Islands, Manuel Domínguez, a key figure in the regional government, has announced a series of tax deductions aimed at incentivizing activities that are currently underrepresented in the islands.

Targeted Tax Deductions

The new measures, set to be implemented in the near future, will focus on reducing the Personal Income Tax (IRPF) and Corporate Tax for businesses and individuals engaging in activities that are scarce or underdeveloped in the Canary Islands. This initiative is part of a broader strategy to foster economic development, create jobs, and enhance the region's competitiveness.

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