Correos delivers

SPAIN’S national post service, Correos, has won two awards at the World Post & Parcel Awards 2023.

It scooped the prizes for the Correos Market app, and in the Postal Evolution category for the Correos Frío service.

The public company said in a statement that these awards are considered the ‘Oscars of the postal and logistics sector’.

BANKS in Spain have been told to start paying clients better rates for their savings as interest rates continue to climb.

The call has come from Economy Minister, Nadia Calvino, speaking at an event organised by the BBVA bank. Banks have cashed in with increased profit margins due to the European Central Bank tightening its monetary policy and lifting interest rates to 3.5% - the highest in over 20 years. Most banks though have not passed on the full benefit of rate rises to customers who have deposit accounts. Nadio Calvino said: “I have no doubt that the Spanish banking sector has to start transmitting the rise in interest rates for the benefit of customers and Spanish citizens.”