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Spain customs seizes 232kg marijuana at port

MADRID: Customs and Excise agents yesterday intercepted a container loaded with 232 kilogrammes of high grade marijuana en route to Suriname at the Port of Spain. Senior customs officials estimated the drugs at $3.2 million. The 40-foot container originated in China and passed through Jamaica before coming to T&T en route to its final destination. The container was offloaded at ... Read More »

Spanish economy expands by 1.4% in 2014

MADRID: Spanish economy has expanded by 1.4 percent in 2014, after five years of recession or no growth. The gross domestic product (GDP) of the eurozone s fourth largest economy rose to 1.06 trillion euros, Ine said in a statement. Last year also marked the first full year of economic growth since a 2008 property crash which put millions of people ... Read More »

Spain tries to attract Chinese tourists

MADRID: Spanish Prime Minister Mariano Rajoy has visited China and announced that visa applications from the country’s travellers would be processed within 48 hours. Spanish five-star hotels are serving up white rice for breakfast as Spain offers quicker visas and seeks more direct flights from China to tap into the surging wave of Chinese tourists. The government is also in talks ... Read More »

Spanish tax collecting body uses social media to spy tax dodgers

MADRID: Spain’s main tax collecting body has been using social media to spy on people. It believes that may be guilty of financial fraud, and the operation continues to expand. The country’s Inland Revenue agency has reportedly used sites such as Twitter to trace the activities of individuals they believe may be involved in tax evasion. It comes shortly after the ... Read More »

France, Spain open cross-border power line with capacity from 1,400-2,800MGW

MADRID:  France and Spain have inaugurated a cross-border power line, doubling the amount of electricity the countries can exchange as the European Union pushes for stronger ties between national grid systems within the bloc. It has capacity from 1,400MGW to 2,800MGW. The Santa Llogaia-Baixas link will raise electricity inter connection capacity between France and Spain to 2,800 megawatts from 1,400 ... Read More »

Spain accuses 700 HSBC account holders of tax evasion

MADRID:  Spain has accused 700 HSBC account holders in tax evasion amnesty. The two high-level tax officials under former prime minister José Luis Zapatero’s administration of helping hundreds of suspected tax dodgers implicated in the HSBC scandal to avoid possible jail sentences, according to Spanish daily newspaper El Pais. María Dolores Bustamante, the former director of tax management at Spain’s ... Read More »

Economy grows by 53.4% to $28b: Spain’s trade deficit widens by 53%

MADRID: Despite exports by Spanish companies reached an annual record, the government has reported trade deficit have widened by more than half in 2014 The economy ministry said that the shortfall of exports to imports in the eurozone’s fourth biggest economy grew by 53.4 percent to 24.47 billion euros ($28 billion). That was bigger than the figure for 2013, the ... Read More »

Spain exceeds Italy and France as largest wine exporter

MADRID: Spain has become the largest wine exporter in the world even exceeds Italy and France as largest exporter of the world. Between September 2013 and September 2014, Spain sold a total of 2.168 billion liters of wine (+19.9%), compared with Italy’s 2.035 billion liters (-1.7%). A year ago Italy was the top exporter with 2.071 billion bottles and Spain ... Read More »

Spanish customs working closely with France, Portugal, Italy, US to combat smuggling rackets

MADRID: Spanish authorities warned jihad terrorist groups were financing their operations with massive shipping of cannabis from north Africa to the south and east of Spain, southern France and the west coast of Italy. Spanish customs officers are working closely with their counterparts in France, Portugal, Italy and the USA to combat the smuggling rackets, and say the most recent ... Read More »

Spain spends $8.355b on 94,152 new businesses in 2014

MADRID: Spain has spent 8.355 billion dollars on new businesses in the last year while the average amount of capital stood at 78,645 euros more than in 2013. The total number of new businesses created in Spain increased by 0.8 percent in 2014, according to data published on Wednesday by the Spanish Statistical Office. The INE reported that a total ... Read More »

Spanish police seize 150m euros cocaine hidden in pineapples on ship

MADRID: Spanish police have seized cocaine worth an estimated 150 million euros hidden among pineapples on a ship from Costa Rica. The drug was stuffed between 2,000 or so packages hidden among the fruit in a shipping container. It was later recovered at a warehouse near Madrid. Six people have been arrested. Spain’s close ties to Latin America have made ... Read More »

Monedero presents complimentary filing to pay income tax on €425,000 fee

BARCELONA: Juan Carlos Monedero, 52, a political scientist lecturer who was one of the founders of the left-wing anti-austerity party, presented a complimentary filing to pay personal income tax on the €425,000 ($486,000) euros consultancy fee. Tax authorities began investigating Monedero last month when it emerged that he had set up a company in order to receive the payment for ... Read More »

Spain: Liverpool John Moores University  starts Maritime project for Atlantic region

MADRID: LJMU has teamed up with Mersey Maritime and Vestfold University College in Norway to bring together maritime clusters from the Atlantic region. The partners were invited to lead an EU funded workshop at the Atlantic Stakeholder Platform Conference in Porto to present to stakeholders their ideas to create a common platform to support innovation, research and higher skills.The conference ... Read More »

Greece can reach agreement with its European partners: Spanish Economy Minister

BARCELONA: Greece could reach agreement with its European partners and any turmoil poses little risk for Spain where the government is poised to raise its growth forecasts, Spanish Economy Minister Luis de Guindos said. De Guindos, who has long been tipped to lead the Eurogroup of eurozone finance ministers, said it was not yet clear what Greece’s new anti-austerity government ... Read More »

Barcelona accused of 2.85m euros tax fraud in Neymar signing

WELLINGTON: Prosecutors have also asked for the investigation of current Barcelona president Josep Maria Bartomeu and the club on an extra tax charge in 2014, which could rise to 2.85 million euros. Spanish public prosecutors have asked for Barcelona and their former president Sandro Rosell to be tried over two charges of tax fraud allegedly committed in the signing of ... Read More »

Spanish Customs arrests criminal gang for smuggling Egyptian antiquities worth €300,000

MADRID: Spanish Customs arrested a criminal gang on charged of smuggling 300,000 Euros worth of Egyptian antiquities to the West. Customs claimed this transfer of money to the Jihadist in the Middle East. The Civil Guard in the coastal city of Valencia said that it had interrupted a smuggling ring, which had been transporting ancient artefacts from Alexandria to Europe ... Read More »

Jordan signs agreement of Spanish companies to expand Aqaba’s industrial port

AMMAN: Jordan Industrial Ports Company signed an agreement with a consortium of two Spanish companies to expand the industrial Port, according to a company statement. Under the agreement, the consortium will work to re-qualify and expand the industrial pier at the southern port of Aqaba, which is equally owned by the Arab Potash Company and the Jordan Phosphate Mines Company ... Read More »

Spanish economy records growth of 1.4% in 2014

BARCELONA: Spanish economy recorded a growth of 1.4% in 2014, after shrinking by 1.2% in 2013 due to mass unemployment. It is the first time there has been full-year economic growth in Spain since 2008 when a labour-intensive property bubble collapsed, pushing millions of people out of work. Growth accelerated in the fourth quarter to 0.7% from 0.5% in the ... Read More »

Spain economy growth to hit 2.5% in 2015

MADRID: Spain’s recovering economy could grow as much as 2.5 percent this year if oil prices and the euro stay low, the economy minister said in an interview published Monday. The government says its tough austerity measures have started to strengthen the economy, which officially emerged from recession in 2013 and grew an estimated 1.4 percent in 2014. For 2015, ... Read More »

55 arrested in countrywide raid: Spain customs seizes 11 tonnes of hashish, $2.2m in cash

MADRID: Spanish customs seized 11 tonnes of hashish and detained 55 people across the country as part of an operation targeting a Moroccan drug trafficking ring. customs officers also seized two million euros ($2.2 million) in cash as well as several weapons, including two assault rifles, as part of the operation which follows a two-year investigation. Raids were carried out ... Read More »