Archives for March 2013

March 29th, 2013

The Spanish Government announced that, earlier this week, the Ambassador to the United Kingdom, Federico Trillo, and the British Exchequer Secretary to the Treasury, David Gauke, signed a new treaty between the Kingdom of Spain and the United Kingdom of Great Britain to avoid double taxation and prevent personal income ...

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March 29th, 2013

The number of new home mortgages stood at 25,447 in January, which is down 12.4% from the same month of 2012, according to figures released on Tuesday by the National Statistics Institute. The year-on-year decline in January, with which mortgaged homes accumulated 33 consecutive months of falls, is less pronounced than ...

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March 28th, 2013

The number of foreign citizens registered with the Spanish Social Security system fell by 3,964 in February 2013 (-0.25%). In year-on-year terms, the number of foreign citizens registered with the system continues to fall and at a faster pace than the downward trend shown overall. The year-on-year decline in the number ...

Continue reading Foreign Social Security Contributors Down 0.25% in February

March 28th, 2013

At the Fiscal and Financial Policy Council meeting last Thursday, the Minister for the Treasury and Public Administration Services, Cristóbal Montoro, highlighted the considerable effort made by the regional governments of Spain to reduce the deficit over the course of 2012. The minister underlined the importance of Thursday's meeting, which ...

Continue reading Montoro Praises Regional Deficit Reduction Efforts

March 27th, 2013

The export drive in the Spanish economy intensified at the start of 2013 as exports from the country totalled 17.88 billion euros, an increase of 7.9% over the same month of last year. The pace of growth in December 2012 stood at 4.6%, meaning that the result in January indicates ...

Continue reading Growing Spanish Exports Above EU Average

March 27th, 2013

According to the latest tourist border movement survey (FRONTUR), prepared by the Institute of Tourism Studies for the Ministry of Industry, Energy and Tourism, Spain received a total of 2,797,123 tourists from abroad in February 2013, which is virtually the same figure as for the same month of last year. The ...

Continue reading Spain Received 2.8 Million International Tourists in February

March 26th, 2013

According to a study by the Economic Research Institute, based on statistics gathered from Eurostat, 68% of Spanish companies had their own website in 2012, which is up from the 62% they had in 2010 but is still three points below the European average, which stands at 71%. The study ...

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March 26th, 2013

According to data emerging from the XVI Housing Market Report prepared by Tecnocasa, during the first quarter of 2013, 55% of those buying homes paid cash for the transaction - a period in which more than half of all properties sold were priced at less than 100,000 euros, with the ...

Continue reading More Buyers Paying Cash for Homes

March 25th, 2013

The Spanish Government have approved new measures to close the gap between actual and legal retirement age. The objective of these measures is to make progress on the sustainability of the pension system, promote the length of active working life and fight against discrimination on grounds of age in the ...

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March 25th, 2013

Six out of ten Spanish companies say that they plan to hire staff this year, a percentage which is below that of countries like the United Kingdom and Germany, where 90% of companies plan to recruit, and of the Netherlands and France, where more than eight out of ten companies ...

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March 22nd, 2013

Last Thursday, the Ministry of Industry, Energy and Tourism - through the Spanish Tourism Institute (Turespaña) - together with ICEX España Exportación e Inversiones (from the Government’s Ministry of Economic Affairs and Competition) and in collaboration with the Ministry of Education, Culture and Sport and the Cervantes Institute, presented the ...

Continue reading Turespaña and ICEX Launch “Study in Spain” Portal

March 22nd, 2013

The Spanish Minister of Economy and Competitiveness, Luis de Guindos, said last Friday that the Government will introduce changes in the Spanish legislation which regulates evictions, in order to comply fully with the recent judgement of the European Union Court of Justice. On his arrival at the eurozone heads of Economy ...

Continue reading De Guindos Vows to Fulfill EU Ruling on Anti-eviction Law

March 21st, 2013

Spain’s Minister of Industry, Energy and Tourism, Jose Manuel Soria, this week inaugurated a free access wifi network on the Canary island of El Hierro, making it the world’s first 'Smart Island'. This initiative is part of the El Hierro 2012 Special Action Plan launched by the Ministry of Industry, Energy ...

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March 21st, 2013

The Spanish Official State Gazette (BOE) published a resolution last Friday creating a new National Office for International Taxation (ONFI), which is expected to enter into force on 1st April. As announced in November by the State Secretary for the Treasury, Miguel Ferre, this new specialised unit will assume responsibility for ...

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March 20th, 2013

According to data released on Friday by Eurostat, Spain was the European Union country where wages recorded the greatest decrease in the last quarter of 2012, with a fall of 4.3% compared to a year earlier, against an increase of 1.4% recorded for the whole of the EU-27. Of the 25 ...

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