Articles tagged as: recession
January 1st, 2014
December 17th, 2013
Continue reading 19% of Spanish Plan to Spend More this Christmas
December 13th, 2013
Continue reading Balearic Islands Record Surge in Foreign Home Buyers
November 14th, 2013
Continue reading Number of Multimillionaires in Spain has Grown by 7%
November 11th, 2013
Continue reading House Prices Will Fall Until 2015, Says S & P
November 4th, 2013
Continue reading Spain Out of Recession as GDP Grows by 0.1%
September 25th, 2013
Continue reading S & P Predicts Spain Will Grow by 0.5% in 2014
September 19th, 2013According 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 ...
Continue reading Draghi: Eurozone Economy Remains ‘Fragile’
September 10th, 2013Spain’s Minister of Economy and Competitiveness, Luis de Guindos, believes that the emerging economic improvement in Spain shows "the quality of the policies" of austerity applied in the eurozone. El Mundo reported that, in a recent interview with the Financial Times newspaper, De Guindos said: "We have a lot more confidence ...
Continue reading Spain Poised to Emerge from Recession, Says De Guindos
September 2nd, 2013The Minister for Employment and Social Security, Fátima Báñez, announced on Thursday that the Government of Spain is working to radically simplify the various work contracts, reducing the 41 different employment contract models that currently exist in Spain to a total of 5, in order to facilitate and incentivise the ...
Continue reading Spanish Government to Simplify Work Contracts
August 9th, 2013The number of companies going into receivership in Spain due to not being able to meet their payments and debts, amounted to 2,408 during the second quarter of the year, which represented an increase of 15.1% compared with the same period last year. And between January and June a total ...
Continue reading Company Bankruptcies Up 22.5% to June
August 5th, 2013According to the latest report published by the National Statistics Institute, the Spanish economy has slowed its decline, contracting by only 0.1% in the second quarter, four tenths less than in the first, and fell by 1.7% year-on-year, which is one tenth less than predicted by the Bank of Spain. ...
Continue reading Spain Accumulates Eight Consecutive Quarters in Recession
July 22nd, 2013According to projections by the Alliance for Tourism Excellence (Exceltur) in their tourism evaluation for the second quarter, tourist activity in Spain will rebound by 0.2% during the summer and break the negative trend of the past five quarters. In the full year, tourism will drop only 0.4%, which is ...
Continue reading Exceltur Forecasts Good Summer for Spanish Tourism
July 9th, 2013After a disappointing start to the year, with declines in February and March, the arrival of foreign tourists returned to positive rates in April and grew with surprising force in May. In June, 5.8 million tourists visited the main Spanish destinations, which is up 7.4% over the previous year and ...
Continue reading Hoteliers Expect a Record Year for Foreign Tourism
June 7th, 2013Economic activity in the eurozone shrank by 0.2% during the first three months of the year – a more moderate drop than the 0.6% recorded in the previous quarter - and accumulated six consecutive quarters of recession. Year-on-year the decline is 1.1%, according to data published on Wednesday by the ...
Continue reading Eurozone GDP Contracted 0.2% in Q1