Inditex – Spain’s multinational fashion group and owner of the Zara, Stradivarius, Pull&Bear and Bershka brand, among others – once again closes a historic financial year with a 9% increase in net profit, reaching almost 5.9 billion euros. The record profit is attributed by Inditex to better cost-control and sales growth of 7.5%, but this is still a modest increase …

SPAIN’S Council of Ministers endorsed a bill to curb alcohol consumption by underage children. The law will allow the police to administer breath tests to children at schools and colleges. Congress must now approve the legislation. In an effort to reduce alcohol consumption among youth, the law also restricts advertising, sales and public consumption of alcohol. UNDERAGE DRINKING IS A …

The European Commission decided on Wednesday to bring Spain before the Court of Justice of the European Union for its discriminatory treatment of nonresident taxpayers. Spain did not remedy a violation related to free movement of capital that was opened in December 2021. The EU has intervened, claiming that state authorities have “not been sufficiently effective”. Spanish tax law allows …