Archives for February 2012

February 29th, 2012

94% of Spanish family businesses believe that their sales figures will improve in 2012 or at least be the same as last year, according to the first 'Big Spanish Family Business Barometer 2011' conducted by the IE Business School and Signum International. The report reveals that most family businesses questioned recognised ...

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February 29th, 2012

During the presentation of a report on real estate trends for this year, the president of CBRE, Eduardo Fernandez-Cuesta said they anticipated that real estate activity during 2012 will exceed the previous year, while housing prices will continue their downward trend throughout the year. In addition, Fernandez-Cuesta pointed out that the ...

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February 28th, 2012

Spanish Prime Minister, Mariano Rajoy, announced that the State Budget to be presented by the Government on 30 March "will be realistic and contain a sensible and reasonable revenue forecast". Furthermore, he reiterated that Spain will meet its deficit targets and that he has no intention of raising taxes. Mariano Rajoy ...

Continue reading Brussels Growth Forecast for Spain as Expected, Says Rajoy

February 28th, 2012

World Bank President, Robert Zoellick, on Saturday ruled out the possibility that Italy, Spain and Portugal would need a bailout, but emphasised the importance of economic growth to strengthen the recovery. "The situation of each of these countries is different and they really have three interconnected problems", Zoellick maintained. "For some ...

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February 27th, 2012

Orange España registered a turnover of 3,993 million euros in 2011, which represents a 4.5% increase over the previous year, and an improvement of 9.8% in its gross operating profit (EBITDA) reaching 839 million euros. As for commercial activity, the company closed the year with 13.7 million customers. In the mobile ...

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February 27th, 2012

According to economic forecasts published by the European Commission last week, the Spanish economy will shrink by 1% in 2012 and a mild recession will last until the end of the year due to the impact of the debt crisis, the cuts in the public sector and private consumption, due ...

Continue reading Brussels Forecasts Mild Recession for Spain in 2012

February 24th, 2012

Petrol and diesel prices have maintained their climb this week marking two separate record highs, according to the EU Oil Bulletin. Specifically, a litre of petrol rose above 1.4 euros for the first time and marked a second consecutive week at a record 1.415 euros, after prices increased by 1.6% ...

Continue reading Fuel Prices Mark Historic Highs

February 24th, 2012

Noem has won the first European Entrepreneurship Award from the EU for its proposal on "sustainable construction". Another Spanish company, ParkGreen was also a finalist. The company Noem received the award in the category "InnoEnergy" for projects focusing on renewable energy. In the same category, the other finalists were a Swedish ...

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February 23rd, 2012

According to the Survey of Tourist Movements (Frontur) released on Wednesday by the Ministry of Industry, Energy and Tourism, Spain received a total of 2.77 million international tourists in January, which represents a 4.6% increase over the same month of 2011. The main source markets experiencing good results remained the ...

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February 23rd, 2012

The countdown has started to the new winter edition of the Madrid Real Estate Exhibition (SIMA), which is to be held on 24th, 25th and 26th February at the Palco de Honor at the Estadio Santiago Bernabeu. According to the organisers of the fair, SIMA Winter will have a total of ...

Continue reading SIMA Winter 2012 Just Around the Corner

February 22nd, 2012

According to a survey carried out by the human resources company, Randstad, after the Government announced the proposed the labour reform, 84% of Spanish do not believe that more jobs will be created this year or that the unemployment rate will lower. Given the unfavourable forecasts of official institutions and ...

Continue reading Eight in Ten Spanish Don’t Think Unemployment Will Fall This Year

February 22nd, 2012

The Spanish economy contracted in the fourth quarter of 2011 when compared with the previous quarter. According to the results from the Quarterly National Accounts published by the National Statistics Institute, the calendar and seasonally-adjusted GDP volume posted a -0.3% quarter-on-quarter rate of change in the last quarter. This is three-tenths ...

Continue reading Spanish Economy Shrinks 0.3% in Last Quarter

February 21st, 2012

The total balance of mortgage loans from financial institutions stood at 1,009 billion euros at the close of 2011, representing a slump of 6% over the previous year, and the biggest drop in recorded history. These figures come from the latest data published by the Spanish Mortgage Association (AHE), which ...

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February 21st, 2012

The Government claims new homes will continue to become less expensive this year and almost 65% of the excess of new housing is located in coastal areas. Without free flowing funding or increased employment, it is harder to shift this stock, reported Cinco Dias. The majority of the homes which will ...

Continue reading New Homes Will Drop Further in Price

February 20th, 2012

Two Spanish cities, Barcelona at No. 11 and Madrid at No. 16, have been included in the list of the 20 best cities in the world for students, in a new ranking released at the weekend by QS, a company specialising in research and rankings of universities worldwide. Among the top ...

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