• Eurozone GDP Grew by 0.3% in Fourth Quarter of 2014

    The growth of the gross domestic product (GDP) in the eurozone accelerated in the last quarter of 2014 to 0.3%, compared with the previous three months, when it had grown by 0.2%, according to a second estimate published by the …

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  • Eurozone GDP Growth Driven by Spain and Germany in Fourth Quarter of 2014

    The eurozone gross domestic product (GDP) growth accelerated in the last quarter of 2014 to 0.3%, compared with the previous three months, when it grew by 0.2%, according to the preliminary data published by Eurostat on Friday, which puts Latvia, …

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  • Spain’s Economic Confidence Highest Since June 2007

    The economic confidence of Spain in December stood at its highest rate since June 2007, before the outbreak of the financial crisis that led to the great economic recession, reaching 105.6 points, compared with 104.2 the previous month, thanks to …

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  • Eurozone GDP Grew by 0.2% in Q3

    According to Eurostat’s flash estimate for the third quarter of the year, the gross domestic product (GDP) of the eurozone grew by 0.2%, compared with the rise of 0.1% in the previous three months, and 0.3% in the first quarter, …

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  • Foreigners Invested Over 45 Billion Euros in Spanish Economy to October

    Foreign investors injected 45,003.6 million euros into Spain in the first ten months of the year, according to the balance of payments data published on Friday by the Bank of Spain. The data once again shows that foreign investors remain …

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  • 19% of Spanish Plan to Spend More this Christmas

    According to a survey on seasonal purchasing intentions, carried out by Opinea, 80% of the Spanish believe that this Christmas they will spend the same or even slightly less on gifts than last year. 43% plan to spend the same …

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  • Balearic Islands Record Surge in Foreign Home Buyers

    Despite the bursting of the housing bubble, with mortgage lending and property sales sitting at their lowest recorded levels, the Balearic Islands appear to have escaped the economic crisis, registering a marked increase in tourism and housing purchases in these …

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  • Number of Multimillionaires in Spain has Grown by 7%

    Despite the lengthy recession Spain has lived through in recent years, the number of multimillionaires – those who have at their disposal at least 25 million euros in cash – grew by 7% last year, reaching a total of 1,625. …

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  • House Prices Will Fall Until 2015, Says S & P

    The credit rating agency, Standard & Poor’s, believes that house prices in Spain will continue to fall until at least 2015, as they believe that the excess of unsold homes in the country will keep the property market “in the …

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  • Spain Out of Recession as GDP Grows by 0.1%

    Officially, the Spanish economy is not in recession. On Wednesday the National Statistics Institute published the flash estimate of gross domestic product (GDP) figures for the third quarter of 2013, and confirmed what the Bank of Spain had already announced: …

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  • S & P Predicts Spain Will Grow by 0.5% in 2014

    According to their quarterly report on the economy of the eurozone, the credit rating agency, Standard & Poor’s (S & P), predicts that the Spanish economy will grow by 0.5% in 2014, one tenth less than their July estimate, and …

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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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  • Spain Poised to Emerge from Recession, Says De Guindos

    Spain’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 …

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  • Spanish Government to Simplify Work Contracts

    The 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 …

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  • Company Bankruptcies Up 22.5% to June

    The 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 …

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