Posts Tagged ‘economic recovery’

A Juncker’s Plan for Spain

A Juncker’s Plan for Spain

The European Union is preparing an investment plan for Spain that will see an extra 31,000 million euros pumped into the country. Europe is as happy as it has been for a long time with the development Spain has enjoyed in recent times and is now set to become more proactive in ensuring its continuation. The European Parliament will extend the European Fund for Strategic Investments (EFSI),until 2020. This has…

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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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Spain one of top property investment hubs

Spain one of top property investment hubs

It’s not really surprising that Spain’s real estate market has become one of the most attractive in the world, given that property prices are still only slowly recovering from an almost 40 percent decline at the height of the crisis, and the country’s economy is now back on the path to growth. According to consultancy firm CBRE, Spain is now the sixth largest real estate investment market in the world.

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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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King Felipe VI encourages U.S. investment in Spain

King Felipe VI encourages U.S. investment in Spain

Last month, Felipe VI made his first official state visit to the United Sates as King. The four-day trip included a meeting in Washington with top businessmen organised by ICEX-Invest in Spain and the Economic and Commercial Office of the Spanish Embassy. The Monarch encouraged managing directors and presidents of a dozen North American multinationals with important interests in Spain to have confidence in the country’s economic recovery, innovation potential and investment possibilities.

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Spain Property Investment to Beat 2007 Peak

Spain Property Investment to Beat 2007 Peak

Real estate investment in Spain is continuing the recovery begun in early 2014 and this year is on track to beat its annual record of over 10 billion euros reached in 2007. No mean feat considering the battering the industry took when a decade-long property bubble burst, depressing prices by up to 40 percent at the height of the crisis and attaching a “toxic” tag to many assets finally assigned to the books of Spanish banks. Consultancy firm CRBE expects real estate investment to rise to around 12-14 billion euros in 2015, with the number of transactions also outpacing pre-crisis levels.

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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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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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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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