Articles tagged as: spanish economy

July 22nd, 2014

Speaking at an event organised by the Chambers of Commerce of Andalusia, the President of the Spanish Government, Mariano Rajoy, maintained that the fiscal consolidation and structural reform policies implemented by the Government, together with the strengths of the Spanish economy, have enabled Spain to return to growth and job ...

Continue reading Rajoy Reiterates Success of Structural Reforms and Commitment to SMEs

July 21st, 2014

For the first time since the crisis erupted back in 2008, official statistics are beginning to show signs of improvement in the Spanish business sector. So far this year, the census of companies, which is controlled by the Social Security, has seen an increase of more than 45,000 companies, representing ...

Continue reading 25% of New Spanish Companies are in Real Estate or Construction

June 24th, 2014

According to surveys carried out by the Ministry of Industry and Tourism with hoteliers in Spain, the hotel occupancy rate in August is expected to rise to 78%, which is 6 percentage points higher than in the same month last year. For the month of July, the prospects are also ...

Continue reading Hotel Occupancy in Spain Expected to Near 80% in August

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

June 13th, 2014

Spain's largest property portals have forecast that there will be further falls in house prices in Spain in the coming months, but have estimated that they will be more moderate, and that some areas of the country will even register price increases. In various statements, analysts have responded to the fall in ...

Continue reading Property Portals Predict Moderate Drops in House Prices

June 10th, 2014

The global credit rating agency, Fitch Ratings, has predicted that the price of housing in Spain will finally bottom out at the beginning of 2015, in a real estate market marked by high rates of unemployment and difficulties in obtaining financing. The agency highlighted the fact that the Spanish economy is ...

Continue reading Fitch Forecasts House Prices Will Bottom Out Early Next Year

June 6th, 2014

At the 30th Meeting of the Círculo de Economía held in Sitges (Barcelona) last weekend, the President of the Spanish Government, Mariano Rajoy, announced that the Government of Spain is finalising a raft of new measures to boost employment, that 6.3 billion euros will be invested in improving competitiveness, and ...

Continue reading Rajoy Announces Employment Plan and Corporate Income Tax Cut

June 4th, 2014

The Consumer Price Index (CPI) decreased two-tenths year-on-year in May, to 0.2%, due to lower prices on food and non-alcoholic beverages. Inflation thus accumulates two positive months following the negative rate of 0.1% recorded in March, according to the flash estimates on the evolution of prices published on Friday by ...

Continue reading Annual Inflation at 0.2% in May

May 26th, 2014

During a conference in the Canary Islands last week, Spain’s Minister of Economy and Competitiveness, Luis de Guindos, said that the recovery of the Spanish economy will strengthen in the coming quarters, and that 2014 will be the first year of job creation in Spain. "The first year of recovery ...

Continue reading 2014 Will See Job Creation in Spain, Says Economy Minister

May 9th, 2014

In an interview earlier this week on Spain’s premier radio network, Cadena Ser, Prime Minister Mariano Rajoy insisted that the latest unemployment figures show an overall improvement in the Spanish economy, but added that the change is still insufficient and hence his government's policies will remain in place until the ...

Continue reading Rajoy Optimistic Over Latest Unemployment Figures

May 5th, 2014

With the publication of the flash estimates of their quarterly accounts, the National Statistics Institute confirmed what the Bank of Spain had already announced last week: that the Spanish economy accelerated its recovery in the first quarter of the year, registering a GDP growth of 0.4%, which is two-tenths greater ...

Continue reading Spain’s GDP Grew by 0.4% to March

April 28th, 2014

The credit rating agency, Fitch, believes that house prices in Spain will continue to decrease gradually up until 2015, when they will bottom out, and that they will accumulate a reduction of around 40% compared with their maximum values reached during the housing boom, before the crisis. In a report on ...

Continue reading House Prices Will Continue to Fall until 2015, Says Fitch

April 11th, 2014

The International Monetary Fund (IMF) has improved its growth forecast for the Spanish economy in 2014 by three tenths more than their previous forecast, and by two tenths more in 2015, to 0.9% and 1% respectively, as published in their 'World Economic Outlook' report, which also notes a more positive ...

Continue reading IMF Improves Forecast for Growth and Unemployment in Spain

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

February 25th, 2014

According to a recent study by BNP Paribas Real Estate, all of the real estate investment market segments in Spain saw recovery last year, with the annual volume in 2013 reaching 3,800 million euros, more than double the figure recorded in 2012 (112% annual growth), and represented the greatest level ...

Continue reading Real Estate Investment in Spain increased by 112% in 2013