Archive for the ‘Success Stories’ Category

Spanish fashion takes on the world

Spanish fashion takes on the world

The Spanish fashion industry is enjoying one of its best ever periods right now as a whole host of companies spearhead the charge of the sector. A powerful force in the economic life of the country, it accounts for 2.8 percent of GDP with a turnover of around €16,000 million each year.

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Spanish export companies continue growth path in 2016

Spanish export companies continue growth path in 2016

There is much to be positive about in a report from The Bank Of Spain which shows that the export of Spanish products grew by 2.1 percent in January of this year. Compared to a decline of 29 per cent for the same period last year, it represents a great leap forwards.

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Just Eat gobbles up Spanish competition

Just Eat gobbles up Spanish competition

British corporation Just Eat has swallowed up Spanish home delivery food service La Nevera Roja, strengthening the group’s leading market share in Spain. This deal which acquires 100% of La Nevera Roja follows a string of acquisitions of several businesses owned by the German startup incubator Rocket Internet.

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Spain exports drive trade deficit down

Spain exports drive trade deficit down

Spain’s increasing competitiveness fuelled a record rise in exports for the January-October period, driving the trade deficit down 2.7 percent to 20.53 billion euros from a year earlier. The decline in the ten months to October further consolidated the overall downward trend in the deficit seen so far this year, compared with the substantial swell recorded in the full-year 2014 as the economic recovery fuelled a sharp rise in imports. Imports rose by 3.2 percent in the period January-October 2015.

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Ence to invest 662 million euros to 2020

Ence to invest 662 million euros to 2020

Spanish pulp producer and renewable energy firm Ence recently unveiled its Strategic Plan for 2016-2020, including an ambitious investment drive of 662 million euros. The funds will be earmarked to increase capacity at its pulp mills, reduce production costs and boost the generation of renewable energy from biomass. Ence is the leading producer of eucalyptus pulp in Europe with a capacity of 930,000 tonnes per year and is the second company by sales on the continent.

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Spain airports saw record October passengers

Spain airports saw record October passengers

As Spain’s tourism industry continues to clock up record annual numbers of international visitors, its airports are also benefiting from this boom. In October, Spain’s airports welcomed 19 million passengers, up 7.8 percent from a year earlier, and the largest number ever for the tenth month of the year. It was also the 24th consecutive year-on-year increase, according to Spanish airport operator Aena.

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Spain economists positive on GDP growth

Spain economists positive on GDP growth

Spain’s economy is seen rising 3.2 percent in 2015, fuelled largely by a recovery in domestic demand, according to a survey published last month by Fundacion de Cajas de Ahorro (Funcas). The think tank’s previous survey results predicted GDP growth of 3.1%. It also slightly increased its 2016 estimate to 2.8% from a previous 2.7%. The improved figures still lag behind the Spanish government’s 3.3% growth forecast for this year and 3.0% in 2016.

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Tax incentives bring film tourism to Spain

Tax incentives bring film tourism to Spain

Tourism in the Andalusian city of Seville has risen by 25%, with many people citing the Game of Thrones season 5 filming as one of the key catalysts for the increase in tourists in the south. Spain’s already burgeoning tourism industry is expected to continue to grow thanks to tax incentives luring the Game of Thrones production crew back to Spain for its sixth series, along with Universal Pictures who…

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65% of firms in Spain set to hire this year

65% of firms in Spain set to hire this year

As Spain’s economy continues to recover and the labour market shows signs of improvement, local firms are set to increase their workforce in 2015, according to Adecco. The consultancy firm interviewed over 300 companies and human resources’ professionals last month, discovering that 65 percent of businesses plan to hire more staff. So good news for the country’s just over 4 million unemployed!

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Spain’s Top Bosses See Three-Year Growth

Spain’s Top Bosses See Three-Year Growth

Spain’s top businessmen are upbeat about the country’s economic growth potential, particularly over the next three years, according to KPMG’s report “Global CEO Outlook”. In fact, the 50 Spanish CEOs interviewed by the consultancy firm were the most optimistic amongst their global peers, with 90 percent forecasting that the upcoming triennium will be more prosperous than the past few years. The lack of inflationary pressures, lower oil prices and the European Central Bank’s liquidity injections have all contributed to boosting the economic environment in Europe. As a result, top executives’ business ambitions have flourished.

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