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Spanish police smash ring smuggling Palestinians

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Police in Spain and France have smashed a criminal ring suspected of smuggling hundreds of Palestinians into Europe through fraudulent asylum claims, Spanish police said on Sunday. Officers arrested nine people, including the suspected leader of the network, in the two countries as part of the operation carried out with European police agency Europol, a Spanish police statement said. Police ... Read More »

IMF report calls on Spain to take action against high debt and deficit

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The International Monetary Fund (IMF) has issued a report on Spain praising its economic recovery, but warning that “several downside risks are clouding the medium-term outlook.” In its annual report, known as the Article IV Consultation, the IMF notes that the Spanish economy is posting growth above the European average, creating jobs and achieving a more deleveraged private sector. But ... Read More »

Spanish police arrest alleged leader of drug-smuggling gang

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Spanish police have arrested a man alleged to be one of the biggest drug-smugglers operating on the violence-ridden stretch of southern coast close to Gibraltar. The man, named in media reports as Antonio Tejón, is one of the two brothers who head the Castañas gang, which allegedly brings huge quantities of hashish over from Morocco on powerful speedboats. He was ... Read More »

Spain: Europe’s new cocaine gateway

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The confrontational attitude of the drug gangs that traffic hashish in La Línea de la Concepción, in the south of Spain, has dominated news headlines and political agendas after a recent spate of drug-related violence plunged the Campo de Gibraltar area into crisis. But just 20 kilometers from Gibraltar, in the port city of Algeciras, huge amounts of cocaine are ... Read More »

Authorities Break Up One Of Spain’s ‘Biggest’ Hashish Drug Smuggling Rings

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SPANISH authorities have broken up one of the ‘biggest’ hashish drug smuggling rings in the Campo de Gibraltar. It is estimated the drug ring brought more than 10,000 kilograms of hashish from Morocco to Spain. 12 people have been arrested, while €190,000 in cash was seized along with a gun, ammunition, a bulletproof vest and ‘high-end vehicles’. It comes after ... Read More »

Spain’s largest phone company tries to treat alcoholism, body disorders

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In the heart of Barcelona’s burgeoning startup scene, about 70 people work on technology-centered solutions to problems that affect billions, such as alcoholism and electricity shortage. The cast includes entrepreneurs, specialists and a visual artist, but it’s not venture-capital backed. It’s Spanish phone carrier Telefonica SA’s answer to X, Alphabet Inc’s innovation lab. Known as Alpha, the former monopoly’s initiative ... Read More »

Texas Bullet Train developer names new operating partner

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The developers of the Texas Bullet Train named international railway company Renfe as the train’s operating partner. The Spanish company brings more than 25 years of experience in operating high-speed trains in Europe and other countries. Renfe operates 5,000 trains daily on 7,500 miles of track, from local commuter routes to high-speed national and international travel, according to a news ... Read More »

Spain’s largest tobacco company acknowledges Gibraltar’s efforts to tackle smuggling

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Gibraltar has for years taken an increasingly-tough line on tobacco smuggling and its efforts, much maligned by successive Spanish governments, received a nod from an unlikely source this weekend – Spain’s largest tobacco company. In an interview with Europa Sur newspaper, Rocio Ingelmo, the head of legal and corporate affairs at Altadis, acknowledged the measures taken by Gibraltar to tackle ... Read More »

Spanish bank rules out entry into Irish mortgage market

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Spanish lender Bankinter has ruled out moving into the Irish mortgage market, at least in the short term. The news will dampen expectations that it would link up with An Post to offer cut-price loans to property buyers. And following an announcement from semi-State company last week that it wants to move into the mortgage market by undercutting the existing ... Read More »

Bank of Spain cuts growth forecasts on higher trade and political risks

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MADRID: A slowdown in Spain’s main export markets, concerns over potential global trade disputes, a fragmented parliament and uncertainty over Catalonia prompted the Bank of Spain to cut growth forecasts to 2020. The central bank saw the Spanish economy growing by 2.6 percent this year, down from a previous forecast of 2.7 percent, and expected that to slow to 2.0 ... Read More »

Smugglers pave path for migrants from Africa to Europe

An aerial photo shows a boat carrying migrants stranded in the Strait of Gibraltar before being rescued by the Spanish Guardia Civil and the Salvamento Maritimo sea search and rescue agency that saw 157 migrants rescued on September 8, 2018.
While the overall number of migrants reaching Europe by sea is down from a peak in 2015, Spain has seen a steady increase in arrivals this year and has overtaken Italy as the preferred destination for people desperate to reach the continent. Over 33,000 migrants have arrived in Spain by sea and land so far this year, and 329 have died in the attempt, according to the International Organization for Migration. / AFP PHOTO / Marcos Moreno

They scale barbed-wire topped fences and cross the sea in inflatable boats or jet skis — more than 36,000 migrants entered Spain this year seeking a better life in Europe. Almost all of them relied on smugglers to make the crossing. Ousman Umar, who made a five-year journey from Ghana to Spain, said it was “impossible” to travel thousands of ... Read More »

Spain arrests seven for large-scale migrant smuggling operation

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Spanish police have arrested seven individuals on suspicion of running a large-scale migrant smuggling operation. The individuals arrested were part of an organised crime group which is thought to have enabled the illegal entry into Spain of up to 300 irregular migrants, as part of a large-scale migrant smuggling operation which stretched from Francophone countries in Africa to France itself. ... Read More »

IMF warns about Spanish economy’s vulnerability from external imbalance

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Spain’s net international investment position (NIIP), or the difference between its external financial assets and liabilities, has improved from -94% of GDP in 2009 to -81% in 2017. Despite this improvement, the International Monetary Fund (IMF) is warning about the potential risks it poses to the Spanish economy. In its 2018 External Sector Report, the global body notes that “the ... Read More »

Spanish police arrest alleged leader of drug-smuggling gang

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Spanish police have arrested a man alleged to be one of the biggest drug-smugglers operating on the violence-ridden stretch of southern coast close to Gibraltar. The man, named in media reports as Antonio Tejón, is one of the two brothers who head the Castañas gang, which allegedly brings huge quantities of hashish over from Morocco on powerful speedboats. He was ... Read More »

Spanish police arrest alleged leader of drug-smuggling gang

4289

Spanish police have arrested a man alleged to be one of the biggest drug-smugglers operating on the violence-ridden stretch of southern coast close to Gibraltar. The man, named in media reports as Antonio Tejón, is one of the two brothers who head the Castañas gang, which allegedly brings huge quantities of hashish over from Morocco on powerful speedboats. He was ... Read More »

Arrest of Manuel Charlín, 85, reveals resilience of Galicia’s cocaine clans

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When police intercepted a ship off the Azores carrying a shipment of 2.4 tonnes of cocaine bound for Galicia in north-west Spain last week, they were surprised when the trail led them to the legendary drug trafficker Manuel Charlín Gama. The 85-year-old head of the “Charlines” clan, whom everyone assumed had retired, and his son Melchor were among 28 people ... Read More »

80 per cent of European hashish smuggled in every year to Spanish town near Gibraltar

This undated handout photo released on September 14, 2016 by Guardia Civil shows bales of hashish at the Cartagena seaport seized by Spanish Civil Guard off the Spanish Murcia region coast.
The Spanish Civil Guard said on September 14, 2016 they seized this weekend 14.5 tons of hashish and arrested two people, one Bulgarian and one Dutchman, aboard a sailboat sailing off the southeast Spanish coast of Murcia region. / AFP PHOTO / Guardia Civil / HO / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / GUARDIA CIVIL " - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

Spanish police are struggling to contain extremely organized crime networks in the narco-hub town of La Línea, just north of the Spain-Gibraltar border. A Spanish coastal town of under 65,000 people is the entry point for 80 per cent of the hashish resin consumed annually by Europe, claims a report by northern Spanish daily La Voz de Galicia. At least ... Read More »

Opportunities heat up for Irish companies in soaring Spain

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Sun, sea and sand are typically top on the minds of Irish travellers to Spain. While most of the more than two million people who visited Spain from Ireland in 2017 were holiday-makers, an increasing number are travelling to realise new business opportunities. For many Irish exporters, Spain, the Eurozone’s fourth-largest economy, now means business. The International Monetary Fund recently ... Read More »

Spain, Portugal bust gang smuggling eels worth $625 million to Asia

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MADRID—A joint investigation by Spanish and Portuguese authorities has brought down a criminal network that has been making lucrative profits by smuggling glass eels to Asia. In the latest operation against the traffickers that was concluded in March but only revealed Friday, four Chinese citizens, three Spaniards and three Moroccans were arrested in Spain in an operation co-ordinated by the ... Read More »

Billions of Eu money wasted on Spain’s high-speed rail

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Since 2000, the EU has been funding various high-speed railways across the bloc. But a recent report by the European Court Auditors found that ‘effectiveness of the investments is lacking and EU added value is at risk’. The report adds that ‘low passenger numbers are leading to high risk of ineffective spending of €2.7 billion EU co-funding’. Potential routes under ... Read More »