Business news from Ukraine

Business news from Ukraine

Germany has lowest unemployment rate among largest eurozone countries (3.7%), while Spain has highest

Unemployment in the eurozone stood at 6.2% in June, according to the European Union’s statistical office. In May, according to the revised data, it was also at 6.2%, not 6.3%, as previously reported. Analysts on average expected unemployment to remain at the previously announced May level, according to Trading Economics.

For comparison, in June 2024, the unemployment rate was 6.4%.

Unemployment was at a record low of 6.2% in October and November 2024, then rose, and in April fell again to the lowest level on record.

In June, the number of unemployed in the euro area decreased by 62 thousand compared to the previous month, to 10.7 million people.

The share of unemployed youth (population under 25) fell to 14.1% from 14.3%.

The lowest unemployment rate among the largest eurozone countries was recorded in Germany (3.7%), and the highest in Spain (10.4%).

In the European Union, unemployment remained at 5.9% in June. In the same month of 2024, it was 6%.

http://relocation.com.ua/naynyzhchyy-riven-bezrobittia-sered-naybilshykh-krain-yevrozony-v-nimechchyni-37-nayvyshchyy-v-ispanii/

 

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Ukraine has significantly reduced honey exports, main buyers – Germany, Spain, Poland

Ukraine exported 24.406 thousand tons of honey in January-June 2025, which is 1.9 times less than in the same period of 2024, when 48.113 thousand tons of this product was supplied to foreign markets. According to statistics released by the State Customs Service (SCS), revenue from honey sales for the period amounted to $53.261 million, which is 41.7% less than for the same period last year, when revenue amounted to $91.417 million.

The top three importers of Ukrainian honey in January-June 2025 were Germany, which accounted for 22.86% of purchases worth $12.177 million, Spain – 10.83% and $5.769 million respectively, Poland – 9.77% and $5.2 million respectively.

A year earlier, during the same period, the most active importers of sugar from Ukraine were Germany (25.76% at $23.546 million) and Poland (10.16% at $9.288 million), as well as the United States (15.27% at $13.955 million).

 

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Unemployment in Spain falls to lowest level since 2008

Unemployment in Spain fell in the second quarter to its lowest level since 2008. According to the Spanish statistics agency INE, unemployment in the country fell to 10.29% in April-June, compared with 11.36% in the previous quarter. Analysts polled by Trading Economics had expected a more moderate decline to 10.7%.

The number of unemployed fell by 236,100 to 2.55 million. At the same time, the number of employed increased by 505,500 to 20.27 million.

Source: http://relocation.com.ua/riven-bezrobittia-v-ispanii-znyzyvsia-do-minimumu-z-2008-roku/

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New Ambassador of Ukraine to Spain appointed

Decree No. 532/2025 appointed Yulia Sokolovska as Ambassador Extraordinary and Plenipotentiary of Ukraine to Spain and Permanent Representative to the World Tourism Organization.

Sokolovska is a former Minister of Social Policy of Ukraine, head of the Ukrainian Defense Industry, and a specialist in the development of the tourism industry. Diplomatic relations with Spain were established in 1992.

 

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Top five importers of Ukrainian flour were Moldova, Czech Republic, Palestine, France, and Spain

Ukrainian producers exported 66,700 tons of wheat flour during the 2024-2025 marketing year (July-June), which is 27.9% less than in the previous season, when this figure was 92,500 tons, according to the Ukrainian Flour Millers Association.

The industry association noted that about 46% of exports in the 2024/2025 season went to EU countries. The top five importers of Ukrainian flour were Moldova (20,300 tons), the Czech Republic (15,300 tons), Palestine (10,800 tons), France (3,000 tons), and Spain (2,900 tons).

Exports of other types of flour in the 2024/2025 season amounted to 4.6 thousand tons (in 2023/24 MY – 5.4 thousand tons). The share of EU countries in terms of export volumes was 14% (27% in 2023/2024 MY). The five countries to which other types of flour were supplied in 2024/25 MY were Moldova (3.2 thousand tons), Israel (0.5 thousand tons), Croatia (0.2 thousand tons), Bulgaria, and Spain (0.1 thousand tons each).

 

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Property taxes in Spain – overview from Relocation

Spain remains one of the most popular countries in Europe for foreigners to buy property. However, as in other EU countries, ownership entails obligations, primarily tax obligations. Below is a brief and clear guide to property taxes in Spain for private individuals.

Main taxes on purchase

1. Property transfer tax (ITP)

– applies to the purchase of second-hand property

– the rate depends on the region: from 6% to 11% of the cadastral or market value (whichever is higher)

2. VAT (IVA) and stamp duty (AJD)

– when buying new property from a developer:

VAT – 10% (for ordinary housing) or 21% (for commercial property)

AJD – 0.5–1.5% depending on the region

Annual taxes for owners

1. IBI (Impuesto sobre Bienes Inmuebles) – property tax

– mandatory for all owners

– calculated based on the cadastral value (valor catastral)

– the rate is set by municipalities and ranges from 0.4% to 1.3%

– for example, with a cadastral value of €100,000, the tax can range from €400 to €1,300 per year

2. Tax on waste collection (Basura / Residuos Sólidos)

– essentially a garbage collection tax

– set by local authorities

– from €50 to €200 per year, depending on the size of the property and the region

3. Real estate income tax (IRNR)

– for non-residents who do not rent out their property

– taxes the estimated income from owning real estate (usually 1.1–2% of the cadastral value × 19% for the EU/EEA or 24% for other countries)

4. Tax on rental income

– if you rent out real estate, the income is taxed at the following rates:

19% – EU and EEA citizens (expenses can be deducted)

24% – other foreigners (expenses are not taken into account)

Other possible fees

Municipal improvement taxes (Contribuciones Especiales) — for the construction of roads, water supply, etc. near your property

Capital gains tax (Plusvalía Municipal) — when selling real estate, calculated as the increase in the cadastral value of the plot

The IBI tax is paid annually, the deadline depends on the specific municipality (usually from May to October). If you do not receive a notice by mail, this does not exempt you from paying the tax. It is recommended to activate your electronic taxpayer account or use a bank auto-debit. In case of late payment, a penalty may be charged, which can be significant.

Buying in Spain: the region matters

Each autonomous region of Spain has its own fiscal policy. For example:

in Andalusia, ITP can be 7%

in Catalonia — 10%

in Madrid and Valencia — benefits for young and large families

In recent years, Spain has been discussing reforms in the field of property taxation — in particular, a review of the cadastral value, as well as restrictions on renting accommodation to tourists in large cities. This may affect the amount of taxes in the future.

Spain offers an attractive real estate market, but every owner must take into account local tax obligations. Rates and rules depend on the status of the owner, the type of property, and the region. Before buying or renting a property, it is advisable to consult with a local lawyer or tax advisor.

Source: http://relocation.com.ua/property-taxes-in-spain-an-overview-from-relocation/

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