• Spain and United Kingdom Sign New Double Taxation Treaty

    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 …

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  • Mortgages on Homes Fell by 12.4% in January

    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 …

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  • Foreign Social Security Contributors Down 0.25% in February

    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 …

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  • Montoro Praises Regional Deficit Reduction Efforts

    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 …

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  • Growing Spanish Exports Above EU Average

    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 …

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  • Spain Received 2.8 Million International Tourists in February

    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 …

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  • 68% of Spanish Companies Had Websites in 2012

    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 …

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  • More Buyers Paying Cash for Homes

    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 …

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  • Government Approves New Pensions Measures

    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 …

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  • 60% of Spanish Companies Plan to Hire Staff This Year

    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 …

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  • Turespaña and ICEX Launch “Study in Spain” Portal

    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 …

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

    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 …

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  • El Hierro – World’s First ‘Smart Island’

    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 …

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  • Spain Launches New Office for International Taxation

    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 …

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  • Spain the EU Country Where Wages Fell Most in 2012

    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 …

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