Sponsored Spanish banking

Need a Spanish bank account? N26.

Open N26 in minutes and get EUR 50 in top stocks when you join.

Open N26

Affiliate link. EUR 50 stock bonus subject to N26 terms and availability.

News

News

Latest news and updates about living in Spain.

environment

Spain Introduces Revolutionary Changes in Plastic Bottle Recycling for 2025

In a significant move towards a more sustainable future, Spain is set to implement a new recycling system for plastic bottles, a change that will resonate with both residents and expats alike. This initiative, part of a broader effort to meet EU recycling targets, marks a return to a system reminiscent of the 1980s, but with a modern twist.

The Deposit, Return and Refund System (DRS)

Starting in 2025, consumers in Spain will be required to participate in a Deposit, Return and Refund System (DRS) for plastic bottles, cans, and cardboard beverage containers. This system is a direct response to the country's failure to meet the EU's recycling targets for single-use plastic bottles. According to the Ministry of Ecological Transition (Miteco), Spain fell short of the 70% separate collection target for 2023, achieving only 41.3%[1].

Read more ->
economy

Spain's Hotel Sector Sets New Records in 2024: A Year of Resilience and Growth

In a year marked by significant economic and tourism milestones, Spain's hotel sector has once again demonstrated its robust resilience and attractiveness to investors. Here are the key highlights from 2024 that underscore the sector's vitality.

Investment and Transactions

The hotel sector in Spain captured 30% of the total real estate investment in 2024, amounting to €3.35 billion. Although this figure represents a 18.29% decrease from the record €4.1 billion in 2023, it still reflects the sector's enduring appeal. Between 2017 and 2024, the hotel sector has accumulated over €25 billion in investment, solidifying its position as a major focus for investors[1].

Read article ->
environment

Spain's Reservoirs Receive Significant Boost from Recent Storms

In a welcome turn of events for Spain's water resources, the recent storms that swept through the country have brought a substantial amount of rainfall, significantly replenishing the nation's reservoirs. As of January 28, 2025, Spain's reservoirs have received approximately 1,300 cubic hectares (hm³) of water, marking a notable increase in water levels.

Impact on Water Levels

The latest storms have been particularly beneficial for regions that were previously experiencing water shortages. The increased rainfall has helped to alleviate some of the pressure on Spain's water supply, which is crucial for both agricultural and urban use. This influx of water is expected to support the country's water needs through the upcoming months, especially as the dry season approaches.

Read article ->
environment

Spanish Environmental Agency Copsesa Fined for Violations in Cantabria

In a significant development for environmental regulation in Spain, the Cantabrian environmental agency, Copsesa (Consorcio de la Costa del Sol de Cantabria), has been fined for multiple violations related to waste management and environmental protection.

Background and Violations

The fines, imposed by the regional government of Cantabria, are a result of several infractions identified during inspections conducted in recent months. Copsesa, responsible for managing waste in the coastal areas of Cantabria, was found to have failed in adhering to strict environmental guidelines.

Read article ->
government

Spanish Government Faces Setback as Congress Rejects Omnibus Decree, Impacting Pensions and Transport Subsidies

In a significant political setback, the Spanish government, led by Prime Minister Pedro Sánchez, saw its omnibus decree rejected by Congress on January 22, 2025. This decree was crucial as it included several key measures, most notably a 2.8% increase in pensions for 2025 and the extension of public transport subsidies.

Rejection and Its Consequences

The decree was voted down by 177 votes to 171, with one abstention, primarily due to the opposition from the pro-independence party Junts and the conservative People's Party (PP). This rejection has immediate implications for over 12 million pensioners who were expecting the pension increase, which was aligned with the average inflation rate of the past 12 months.

Read article ->
politics

Spanish Politics: Hernando Rules Out Succession to Revilla, Focuses on Parliamentary Role

In a significant development within the political landscape of Spain, particularly in the autonomous community of Cantabria, Miguel Ángel Revilla's potential successor has been a topic of intense speculation. However, in a recent statement, José Manuel Hernando, a key figure in the Regionalist Party of Cantabria (PRC), has categorically ruled out any ambitions to succeed Revilla as the President of Cantabria.

Background and Context

Miguel Ángel Revilla, a veteran politician and current President of Cantabria, has been a dominant figure in the region's politics for decades. His leadership has been marked by a strong regionalist stance and a commitment to local governance. As Revilla's tenure continues, the question of his successor has become increasingly pertinent.

Read article ->