• Spanish SMEs’ Loan Defaults Will Fall This Year, Says Fitch

    The credit ratings agency, Fitch, has predicted that the delinquency rate on loans from banks to Spanish SMEs will reduce to 5% this year, compared with the 6.25% registered at the close of the previous year, as a “symptom of …

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  • Funcas Estimates Growth for Spanish Economy of 2.4% in 2015

    The Foundation of Savings Banks (Funcas) has raised its economic forecasts for Spain, for both this year and next. The lowering of interest rates following additional stimulation measures adopted by the European Central Bank, the steep drop in fuel prices …

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  • Real Estate and Construction Will Boost Spain’s Economic Growth in 2015

    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 …

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

    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 …

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  • Spanish Government Estimates 622,000 New Jobs by 2015

    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 …

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  • Spain’s Economic Competitiveness Improves Thanks to Reforms

    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, …

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  • Euribor Registered its Lowest Level at End of August

    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 …

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  • 22.7 Million International Tourists Expected in Spain This Summer

    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 …

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  • Unemployment Predicted to Drop by a Million Between 2014 and 2015

    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 …

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  • 34% of Spaniards Believe Economy Will Improve Next Year

    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 …

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

    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 …

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  • Fake Euro Banknotes up 26.2% in 2013

    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 …

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  • Experts Predict Improvements in the Spanish Economy in 2014

    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, …

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  • Euribor Up in September But Mortgage Payments Down

    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 …

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  • Draghi: Eurozone Economy Remains ‘Fragile’

    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 …

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