Connect with us

Business

Valencia’s Iker Marcaide named on Forbes100 most influential people in Spain’s business world

Published

on

valencia’s-iker-marcaide-named-on-forbes100-most-influential-people-in-spain’s-business-world

VALENCIA’s Iker Marcaide have been named among the 100 most influential Spaniards in the business world.

The founder of Flywire has been listed as one of 100 most creative Spaniards in business, in a ranking compiled by US magazine Forbes.

The highly coveted list,  which mirrors the long-established US version, lauded the men and women they believe showed ‘unstoppable entrepeneurship’. 

Exactly 100 creatives from all over Spain are named, including Malaga-born actor Antonio Banderas, and Marcaide, who was born in Boston but settled in Valencia. 

Forbes praised the Flywire creator, who is one of the most successful entrepreneurs in Spain, as a ‘true Spanish talent’. 

Born into a Basque-Navarrese family,  Marcaide launched Flywire after he realised that there was a big problem to solve around sending money to pay university fees.

His startup, created in 2011, initially raised a whopping $323 million from early investors and international payments giant with a presence in 240 countries. Though still heavily involved, Marcaide took a few steps back from Flywire in 2014 to focus on venture builder Zubi Labs and co-create Imagine Montessori School and the eco Barrio La Pinada, both in Valencia.

READ MORE

Valencian ‘star surgeon’ included on Forbes list 

Business

Major power company in Spain offers to help industrial customers if government scraps windfall tax plans

Published

on

By

LEADING Spanish energy provider Iberdrola says it will help industrial customers if the government scraps plans for a windfall tax.

Domestic electricity bills have been subsidised by the government with reduced taxes since August after steep rises in wholesale prices.

Losses to national coffers are planned to be offset by a windfall tax on energy firms that is set to bring in around €3 billion.

Power companies have been criticised for excess profiteering thanks to the wholesale price hikes.

In a statement, Iberdrola has denied the claim stating that they ‘haven’t benefited from rises and have borne the additional costs’.

Government subsidies of bills have not extended to industrial users.

Iberdrola have now offered to ‘renew current contracted tariffs with industrial clients as far as it is possible to avoid harmful cost rises’.

The power giant says that in return for their gesture, they want the government to withdraw their plans to tax profits of utility companies.

It alleges that the prospect of such a tax carries the risk of driving away future investment.

Iberdrola president, Ignacio Sanchez Galan, said: “We are committed to supporting Spanish industry and helping our country’s prosperity.”

Sanchez Galan estimated that the windfall tax would create ‘serious damage’ of €1 billion per month for power companies in Spain.

Image Credit; Cordon Press

Continue Reading

Business

Carrefour hypermarket chain hits landmark of 1,000 ‘Express’ stores across Spain

Published

on

carrefour-hypermarket-chain-hits-landmark-of-1,000-‘express’-stores-across-spain

CARREFOUR Spain has hit the milestone of opening 1,000 Express stores, with over a hundred new outlets launched so far this year.

The company has opened more than 100 Express stores in each of the last five years, with the highest number of openings of any retailer in Spain over the past 12 months.

Under the Express banner, the French-owned retailer runs supermarkets and neighbourhood stores that operate under franchise deals and are even located at petrol stations.

With an average surface area between 100 and 500 square metres, the stores try to offer a range of around.5,000 items.

Around 90% of Carrefour Express establishments operate under a franchise model, with 85% as family self-employed businesses.

In addition, 40% are led by women and 25% are managed by young entrepreneurs.

Out of the total number of stores that opened this year, 22 have been at Cepsa petrol stations.

The objective of these stores is to offer users an option to shop without leaving the service station.

Image Credit: Carrefour Spain

Continue Reading

Business

Carrefour hypermarket chain hits landmark of 1,000 ‘Express’ stores across Spain

Published

on

By

CARREFOUR Spain has hit the milestone of opening 1,000 Express stores, with over a hundred new outlets launched so far this year.

The company has opened more than 100 Express stores in each of the last five years, with the highest number of openings of any retailer in Spain over the past 12 months.

Under the Express banner, the French-owned retailer runs supermarkets and neighbourhood stores that operate under franchise deals and are even located at petrol stations.

With an average surface area between 100 and 500 square metres, the stores try to offer a range of around.5,000 items.

Around 90% of Carrefour Express establishments operate under a franchise model, with 85% as family self-employed businesses.

In addition, 40% are led by women and 25% are managed by young entrepreneurs.

Out of the total number of stores that opened this year, 22 have been at Cepsa petrol stations.

The objective of these stores is to offer users an option to shop without leaving the service station.

Image Credit: Carrefour Spain

Continue Reading

Trending

Copyright © 2017 Spanish Property & News