Spain

Spain news and analysis


Madrid, Spain. Photo by Fermín Rodríguez Fajardo, Wikipedia Commons.
Madrid, Spain. Photo by Fermín Rodríguez Fajardo, Wikipedia Commons.


Spain To Charge 0.03% Tax On Bank Deposits

Spain on Friday said it would introduce a blanket taxation rate of 0.03 percent on all bank account deposits, in a move aimed at harmonising regional tax regimes and generating revenues for the country’s cash-strapped autonomous communities. The regulation, which could bring around 400 million euros ($546 million) to the state coffers based on total […]

Repsol Campus building
Repsol Campus building


Repsol Makes Russia’s Largest Hydrocarbons Discovery In Two Years

Repsol said Wednesday it has made two new discoveries in the Russia’s Karabashsky blocks, in the West-Siberian Ouriyinskoye field. The recoverable resources from the Gabi-1 and Gabi-3 wells are estimated by the Ministry of Natural Resources and Environment of the Russian Federation at 240 million barrels of oil equivalent, a considerable addition to the resources […]

Madrid, Spain. Photo by Fermín Rodríguez Fajardo, Wikipedia Commons.
Madrid, Spain. Photo by Fermín Rodríguez Fajardo, Wikipedia Commons.


Foreign Companies Bullish On Spain

Foreign companies are much more optimistic about Spain than they were in 2012. Nine out of every 10 companies surveyed expect to increase or at least maintain their revenues from Spain in the year ahead. This marks a notable increase compared to two years ago, when just over one in three (37 percent) were expecting […]