Posts Tagged ‘domestic demand’

Ikea to invest €1billion in Spain

Ikea to invest  €1billion in Spain

Following in the footsteps of many other international companies, Ikea is betting on Spain as a key pillar in its expansion strategy.
As the county’s economic recovery continues, domestic demand is improving. Householders are once again doing the kind of spending which dropped sharply during the peak crisis years. In late September, Ikea announced plans to invest €1billion in Spain and create 1,700 direct and 14,000 indirect jobs by 2020.

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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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Spain Economy to Outperform Eurozone Peers

Spain Economy to Outperform Eurozone Peers

Spain’s economy is set to outpace that of its eurozone rivals in the next two years, according to the International Monetary Fund (IMF). As the country’s recovery continues and the outlook for the jobs market improves, albeit slowly, Spanish GDP will grow 2.5 percent this year, up from a January estimate of 2.0 percent, the IMF said in its April World Economic Outlook. For 2016, growth is forecast at 2.0 percent compared with a previous estimate for 1.8 percent.

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Nestle Hikes Capacity at Spain Coffee Plant

Nestle Hikes Capacity at Spain Coffee Plant

Nestle has recently become the latest international firm to bet on Spain as an investment hotspot! In March it announced a 102 million euros investment in a new coffee production facility at its plant in Girona, north east Spain. The project is expected to create around 300 jobs in the construction phase and an additional 40 at the plant when it is fully operative at end-2017.

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Spain M&A Sector Continues Growing

Spain M&A Sector Continues Growing

Companies across the globe are expected to show increased appetite for M&A in 2015, continuing the positive trend registered last year, consultancy firm KPMG said in its February M&A Predictor report. As the impact of the financial crisis has eased over the last two years or so, firms have been able to pay down debt and start building up cash to fund fresh acquisitions. Easier access to credit has also been a factor influencing the rise in deals in 2014.

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France’s Ardian Mulls Opening Madrid Office

France’s Ardian Mulls Opening Madrid Office

Independent French private equity (PE) firm Ardian is reported to be considering opening an office in Madrid, in a move which demonstrates Spain’s increasing importance as a hub for international investment. Ardian, formerly Axa Private Equity, already has a range of investments in Spain, including a 15 percent stake in energy company CLH.

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Spanish Banks’ Bad Loans Fall as Credit Rises

Spanish Banks’ Bad Loans Fall as Credit Rises

Over the last few months, Spanish banks have been showing that the economic recovery is slowly but surely filtering through to their balance sheets.

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Spain Grows Faster Than European Rivals

Spain Grows Faster Than European Rivals

Spain is expected to be the highest growth market in the eurozone in 2015, according to the International Monetary Fund (IMF)’s World Economic Outlook report published last month. No mean feat for a country which was once a protagonist of the region’s sovereign debt crisis and exited a two-year recession just 18 months ago. Spanish GDP is forecast to expand 2.0 percent in 2015, according to the IMF. This compares with the estimate released by the organisation last October for 1.7 percent growth.

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Lidl To Open Logistics Centre in Madrid

Lidl To Open Logistics Centre in Madrid

There was some welcome good news for the Madrid region last month, both on the employment front and in terms of foreign investor interest!
German discount supermarket chain Lidl said it will earmark 70 million euros for a new logistics centre in Alcala de Henares, on the outskirts of the Spanish capital. This will be Lidl’s largest logistics platform in Europe and the construction work and commissioning of this distribution centre will create 100 jobs.

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Spain’s labour market continues to improve

Spain’s labour market continues to improve

The Spanish Labour Ministry has announced the much anticipated employment figures for the month of November and, as many had predicted, the release of the news shows a firm consolidation of the feeling that Spain is finally tackling its high unemployment.

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