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Keywords: Bank of Spain


Surge in Spanish remittances positions Morocco as a leading recipient

Remittances from Spain to Morocco have nearly doubled over the past decade, establishing Morocco as the second-largest recipient of funds transferred from the European nation. Recent data from the Bank of Spain, analyzed by The Objective, reveals that in 2023, remittances to Morocco reached €1.375......

Hidden fees in Spanish mortgages: What you need to know

When taking out a mortgage in Spain, homebuyers often face a range of hidden costs that can significantly impact their financial plans. Spanish banks are known for incorporating various fees and expenses into mortgage contracts, making it crucial for prospective buyers to thoroughly understand the fine......

Spain’s unique approach to migration and its economic success

From Madrid to Barcelona, Spain’s vibrant economy is evident in bustling restaurants, packed hotels, and a thriving service sector. Recognized by The Economist as the world’s best-performing economy in 2024, Spain’s success is attributed in part to a distinctive migration policy that......

Spanish Prime Minister Appoints Carlos Cuerpo as New Economy Minister, Ensuring Continuity in Economic Policy

In a strategic move aimed at ensuring a seamless continuation of economic policies, Spanish Prime Minister Pedro Sanchez has announced the appointment of Carlos Cuerpo as the new economy minister. This decision follows the departure of Nadia Calvino, the outgoing minister, who is set to take on the leadership......