According to the Bank of Spain, there are 37 million credit cards in circulation in our country and most are not exactly cheap. Every time a Spaniard uses them to pay in installments for a purchase pays an interest of 18% on average. A price that almost triples that of financing with a consumer […]
Tag: economy / savings-and-consumption
The pandemic triggers the consumption of online pay TV: it is already in half of households with internet
 Online payment platforms have become popular in Spanish homes during confinement. Audiovisual consumption skyrocketed during confinement so that citizens turned to hiring subscription systems such as Netflix, HBO and Amazon Prime Video, as shown in the latest panel released by CNMC. According to the Competition authorities, in the second quarter of 2020 these platforms managed […]
How much you can save on your mortgage if you change banks
 For approximately half a year, banks operating in Spain have been waging a new trade war to “steal” mortgages, that is, to capture mortgages from other entities. To this end, many finance companies have launched attractive surrogacy offers (the technical name of this operation) with which they propose to outside clients to move to […]
The mass consumer sector asks the Government not to raise taxes: “It is not the year”
Javier Campo, president of Aecoc, the association of manufacturers and companies of consumer products, has indicated this Wednesday that 2021 “It is not a year in which taxes have to be raised, although from 2022 it will be inevitable.” He has ensured this during the 35th Aecoc Congress, which is held annually and which this […]
The Government reduces the fiscal attractiveness of pension plans and the employer warns: “It will not have the desired effects”
 The Government is on the way to making the tax cut on pension plans a reality, one of the fears that has hovered over the fund sector and investors themselves in recent months, since tax savings have been so far one of the biggest attractions of this type of product. The Executive has modified the […]
The pandemic triggers the shopping basket in the supermarket by almost 3%
 The pandemic has triggered the prices of basic food products in supermarkets. In fact, the shopping cart type (includes fresh, packaged, hygiene and drugstore) 2.8% more expensive compared to last year, according to the annual study of supermarkets carried out by the Organization of Consumers and Users (OCU). According to this analysis, the months of […]
What exactly is the IRPH index and how can I know if my mortgage has it
The IRPH is the acronym for Index of Reference of Mortgage Loans. It is an indicator of interest rates on mortgage loans and is prepared from the Bank of Spain. This has been operating since 1994 and is officially called Average rate of mortgage loans over three years for the purchase of free housing. […]
Negative rates until 2031? EVO (Bankinter) anticipates and sinks the fixed cost of its 30-year mortgages to 1.67%
The forecast that negative interest rates will lengthen over the next decade is once again shaking up the mortgage market. EVO Banco, the digital subsidiary of the Bankinter group, announced this Tuesday that it will reduce the cost of its fixed-rate mortgages to 1.67% APR, including connections, for a period of up to 30 […]
Alert for the presence of Listeria in a goat cheese sold in Lidl: if you have this batch, do not consume it
The Spanish Agency for Food Safety and Nutrition (AESAN) has reported through a statement the presence of Listeria monocytogenes in the Goat Cheese Roll from Netherlands and that in Spain it is sold exclusively in supermarkets Lidl. “This information has been transferred by AESAN to all the autonomous communities through the Coordinated Rapid Information Exchange […]
From Coca-Cola to Don Simón Juices: these are the sugary drinks with a VAT increase
The Government announced yesterday that it “eliminates the application of the reduced VAT for soft drinks, juices and soft drinks with added sugars or sweeteners. “This means that they will be taxed with 21% instead of 10%. As an example, a 330 ml can of Coca-Cola, one of the affected products, will go from […]
