• IMF Revises 2014 Forecasts for Spain

    The Spanish Government stated in the 2014 Budget that Spain’s Gross Domestic Product (GDP) will grow by 0.7% – a figure that has been described as “prudent” by the Prime Minister, Mariano Rajoy. The International Monetary Fund (IMF), however, believes …

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  • Spanish Investors Among Least Optimistic for 2013

    According to a study carried out recently by the international investment manager, Schroders, Spanish investors, along with the Italians and Portuguese, showed the least confidence in investment opportunities for the current year. The survey, conducted among 14,800 investors from over …

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  • Economy Minister Announces New Mortgage Measures

    The Minister of Economy and Competitiveness, Luis de Guindos, announced this week in Parliament a series of measures to improve the functioning of the mortgage market in Spain, and protect those particularly vulnerable as a result of the crisis. The …

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  • Draghi Urges Spain to Persevere With Sacrifices

    The European Central Bank President, Mario Draghi, has encouraged Spain and other southern European countries to persevere with their sacrifices. In a press conference when the central bank announced their decision to maintain the official price of money unchanged at …

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  • Spain Strengthens Relations With Brazil

    After his meeting with the President of Brazil, Dilma Rousseff, the Spanish Prime Minister, Mariano Rajoy, highlighted the excellent health of relations between the two countries. Rajoy spoke to Rousseff about Spain’s interest in the economic development of her country …

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  • Government to Announce Urgent Measures on Evictions

    At the closing ceremony of the 15th National Conference of the Family Business Institute (IEF) in Barcelona, the Vice-President of the Spanish Government, Minister for the Presidency and Government Spokesperson, Soraya Sáenz de Santamaría, announced that the Government will approve …

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  • Consumer Confidence Up 1.6 Points in October

    According to the Consumer Confidence Index data released on Monday by the Centre for Sociological Research, consumer confidence in Spain rose 1.6 points in October, compared with the previous month, reaching 44.8 points. This favourable result, is the third consecutive …

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  • Household Debt Lowest Since Start of Crisis

    According to provisional data published on Monday by the Bank of Spain, Spanish families held debts amounting to 840,580 million euros in September, which is 4.2% less than a year earlier and the lowest level since June 2007. Of these …

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  • Unemployment Rises in October

    The number of unemployed people registered at the offices of the public employment services (formerly INEM) rose by 128,242 in October, which is up 2.7% compared to September, and put the total number of people unemployed in Spain at 4,833,521, …

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  • 86% of Spanish Have Changed their Shopping Habits

    According to a global study carried out by consultancy firm, Nielsen, 86% of the Spanish claim to have changed their buying habits over the last year in order to save on household expenses. This percentage is “well above the European …

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  • Spanish Worked 20% More Hours than Germans in 2011

    Recent data published by the OECD and released by the Economic Research Institute stated that Spanish workers worked an average of 1,690 hours in 2011, which representing a 19.6% increase over the 1,413 hours worked by Germans. According to the …

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  • Electricity and Gas Prices to Drop in October

    Spain’s domestic electricity tariff (TUR) is to become cheaper by 2.29% from 1st October, while the price of natural gas will remain the same and the price of a gas cylinder will drop by 4.6%. The Ministry of Industry, Energy …

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  • IMF Says “Europe Still Needs Urgent Action”

    The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has urged politicians around the world to take advantage of the opportunities the latest political decisions offer, in order to implement actions which will achieve a decisive change in …

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  • Regional Governments on Track for Year End GDP Target

    In application of the Budgetary Stability Act, the Minister for the Treasury and Public Administration Services, Cristóbal Montoro, accompanied by the State Secretary for Budgets and Expenditure, Marta Fernández Currás, and the State Secretary for Public Administration Services, Antonio Beteta, …

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  • One in Four Spanish Would Bring Back the Peseta

    According to a study entitled “Transatlantic Trends 2012” released last Thursday by the BBVA Foundation, 27% of Spanish citizens believe it would be necessary to leave the euro and return to the peseta, compared to 30% that are opposed to …

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