Articles tagged as: European Central Bank

November 18th, 2014

According to a report carried out by independent financial advisors, Arcano, entitled 'The Case for Spain III: Plus Ultra', the real estate sector and construction will be the engines of economic growth in Spain in 2015, as well as company and household financing. The fall in fuel prices could also boost ...

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October 29th, 2014

It has been widely reported that the decline in housing prices is coming to an end in Spain, in general, although the European Central Bank (ECB) and the European Banking Authority (EBA) warn that they still could have some way to go. Published along with the European and Spanish banks’ stress ...

Continue reading Could Spanish House Prices Drop by another 8.1% to 2016?

October 2nd, 2014

The Spanish Government has improved its macroeconomic forecast for Spain and now estimates that GDP will grow by 1.3% this year, instead of the 1.2% previously forecast, and that it will accelerate to 2% in 2015, compared with 1.8% estimated earlier, due to the improvement in both private consumption (+ ...

Continue reading Spanish Government Estimates 622,000 New Jobs by 2015

September 15th, 2014

The Spanish economy has emerged from recession and returned to growth thanks to the far-reaching reforms implemented in the country, which have led to improvement in international competitiveness. This was the main conclusion of the 2014 Economic Survey of Spain, prepared by the OECD and presented in Madrid last week by ...

Continue reading Spain’s Economic Competitiveness Improves Thanks to Reforms

September 4th, 2014

After recording the biggest drop in nine months, the Euribor, the index reference for the majority of Spanish mortgages, closed the month of August at 0.469%. The index started the month with the daily rate of 0.489% and fell to 0.434% on the last working day of August. With 21 daily ...

Continue reading Euribor Registered its Lowest Level at End of August

July 18th, 2014

According to projections contained in the Coyuntur report for the second quarter of 2014, prepared by the Ministry of Industry, Energy and Tourism, Spain will receive 22.7 million international tourists in the third quarter of the year, coinciding with the summer months, which is an estimated increase of 1.7% compared ...

Continue reading 22.7 Million International Tourists Expected in Spain This Summer

June 17th, 2014

The Foundation of Savings Banks (Funcas) have forecast that between 2014 and 2015, unemployment in Spain will drop by almost a million people, and they also predict economic growth of 1.4% for this year and 2.2% in 2015. According to the Funcas economic forecast published last week, the unemployment rate will ...

Continue reading Unemployment Predicted to Drop by a Million Between 2014 and 2015

May 14th, 2014

According to a new pan-European survey published this week by the Pew Research Centre, 34% of Spaniards believe that their economy will improve in the next 12 months, which is 11 points more than in 2013, although only 8% believe that the current situation is good, compared to 85% of ...

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March 27th, 2014

The rating agency Standard & Poor's (S & P) stated on Monday that the eurozone will grow by 1% in 2014 and by 1.4% in 2015, and predicted that the Spanish economy would grow by 0.8% this year, to match the average pace of growth in the eurozone next year. This ...

Continue reading S & P Predict 1% Growth in 2014 for the Eurozone and 0.8% for Spain

January 20th, 2014

A total of 670,000 counterfeit euro banknotes were withdrawn from circulation in 2013, a figure that represents an increase of 26.3% over the 531,000 notes that were recovered in the previous year, according to data from the European Central Bank (ECB). In fact, El Economista reported that, during the second half ...

Continue reading Fake Euro Banknotes up 26.2% in 2013

November 8th, 2013

For the first time since 2008, the PwC Economic Consensus has forecast an improvement in the Spanish economy over the next twelve months, with advances in productive investment, household consumption and even employment. PwC have prepared this consensus since 1999, employing a panel of over 380 experts, entrepreneurs and executives. ...

Continue reading Experts Predict Improvements in the Spanish Economy in 2014

October 3rd, 2013

The twelve month Euribor closed September up, with an average rate of 0.543%, although mortgage payments lowered by an average of 9 euros per month, or more than 100 euros per year. According to market data, the monthly Euribor average is slightly higher than the 0.542% recorded in August. However, it ...

Continue reading Euribor Up in September But Mortgage Payments Down

September 19th, 2013

According to the president of the European Central Bank (ECB), Mario Draghi, the fragility of the eurozone economy persists despite the signs of improvement experienced in various fields and the end of the recession in the second quarter. At a ceremony held in Berlin earlier this week Draghi said: "The recovery ...

Continue reading Draghi: Eurozone Economy Remains ‘Fragile’

September 11th, 2013

In July, the cost of loans to small- and medium-sized enterprises (SMEs) in Spain and Italy stood at their lowest levels of the past two years, but are still well above the interest rates enjoyed by their German counterparts, the Financial Times newspaper highlighted last week. Specifically, the article points out ...

Continue reading Cost of Loans to Spanish SMEs Lowest in Two Years

July 24th, 2013

The European Central Bank (ECB) said on Friday that in the first half of 2013, 317,000 counterfeit euro banknotes were withdrawn from circulation, which is 26.3% more than in the same period of last year and 13.2% more than in the previous semester. The ECB said: "the notes of 20 euros ...

Continue reading Number of Counterfeit Euro Banknotes up 26.3% to June