Mandaspain

Spain Export Push Sparks Trade Deficit Drop

Spain Export Push Sparks Trade Deficit Drop

As Spain’s economic growth continues to outpace that of its three main eurozone partners – Germany, France and Italy – exports are on the rise and producing a welcome shift in the country’s trade balance. In the five months to May, the trade deficit declined 9.3 percent to 9.434 billion euros from a year earlier, according to Economy Ministry data released last month. Aided by the depreciation of the euro and Spanish firms’ increasing competitiveness, exports grew 4.3 percent to 102.916 billion euros, the highest figure since 1971 for the January-May period.

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Spanish Tourism Continues to Grow

Spanish Tourism Continues to Grow

Spain is on course for another record tourist season! In the second quarter to June, the tourism business grew 3.8 percent from a year earlier, marking the ninth consecutive quarter of over 2.5 percent growth. And it is not just foreign visitors who have been enjoying the sights! According to tourist company lobby group Exceltur, Spaniards have also been holidaying on their home turf as the country’s economic situation continues to improve.

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Elecnor Expands in Aerospace Industry

Elecnor Expands in Aerospace Industry

Spanish infrastructure, technology and renewable energy group Elecnor has recently strengthened its position in the European aerospace industry via a strategic alliance with Canadian firm Urthecast. A truly global company, Elecnor has a presence in more than 40 countries across a wide range of industries including electricty, gas, railways, construction and telecommunications. And now the 74.2 million euros agreement with Urthecast will boost its growth plans for satellite construction, allowing its Elecnor Deimos division to enter new space sector markets.

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Increase in M&A Expected in Spain

Increase in M&A Expected in Spain

Spanish companies are expected to be hot on the acquisition trail over the next 12 months, as confidence in the economic recovery continues to increase, according to consultancy firm EY. Around 50 percent of the firms participating in the survey hope to be actively involved in M&A deals within the next year, says the EY Capital Confidence Barometer. And one in every four companies is evaluating at least five possible transactions within that timeframe, with emerging markets like China, India and Brazil on their radar as well as Spain.

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Fujitsu Invests in Madrid Data Laboratory

Fujitsu Invests in Madrid Data Laboratory

Fujitsu recently inaugurated a data laboratory in Spain, a move which clearly indicates the multinational’s confidence in the country’s innovation capabilities. With an initial investment of some 5 million euros, the Madrid-based data centre will support business agility for Fujitsu’s customers world-wide. Apart from its Fujitsu Laboratories subsidiary in London, the company has data labs in Japan, China and the US.

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Spanish Property Prices Continue to Rise

Spanish Property Prices Continue to Rise

Spain’s property market is continuing the recovery started mid-2014, as the uptick in prices consolidates and foreign buyers return to the scene. Resales seem to be the flavour of the month, according to data from the Property Registrar’s Association for the first quarter of 2015. Prices rose 2.65 percent in January-March from a year earlier, with residential home sales increasing 9.05 percent to 90,534 transactions.

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Spain Commercial Premises Investment Grows

Spain Commercial Premises Investment Grows

Investment in commercial premises in Spain rose to 1.33 billion euros in 2014, an increase of 330 million euros from a year earlier, fuelled by attractive rental yields and the positive economic outlook. Financial services providers like family offices and investment funds were the most active players in the market, according to a May report by property consultants Aguirre Newman. And as Spain’s economic recovery continues, boosting consumer demand, top domestic and international retailers have been jostling for positions in prime areas in capital cities like Madrid and Barcelona.

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Basf to Expand Investment in Tarragona

Basf to Expand Investment in Tarragona

With the Spanish economy continuing to expand at a faster rate than its European neighbours, there was further good news on the foreign investment side for Spain. Basf, the largest chemical producer in the world, has announced that it is planning to invest 21 million euros with the opening of a new line at their agrochemical plant in Tarragona, in the country’s Cataluña region. Currently the plant is the largest…

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Orange Buys Up Jazztel in Spanish Market

Orange Buys Up Jazztel in Spanish Market

As Spain’s economic recovery continues, and both the government and international organisations like the International Monetary Fund (IMF) upgrade their growth forecasts, M&A deals are thriving! The latest protagonist is French telecoms operator Orange which last month won approval from Spanish regulators for its 3.4 billion euros buyout of local broadband and cellphone operator Jazztel PLC. The European Commission gave the deal its green light after Orange agreed to a package of divestments and network-sharing agreements to help launch a new telecoms operator in Spain.

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AXA Completes Buy of Santander Assets

AXA Completes Buy of Santander Assets

Axa Real Estate has given a vote of confidence to Spain’s recovering property market with the acquisition of 381 branch offices from the country’s biggest bank Santander. Axa Real Estate, the largest real estate portfolio and asset manager in Europe, brokered the 308 million euros deal on behalf of a joint venture involving two of its institutional clients. Most of the offices are located in major cities like Madrid, Barcelona and Malaga, but there are also some in prime locations in smaller towns across Spain.

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