Posts Tagged ‘economy’

56,000 jobs to be created in new mega-investment

56,000 jobs to be created in new mega-investment

A huge mega leisure complex is set to generate over 56,000 jobs in the municipality of Torres de la Alameda in Madrid, close to the city’s Barajas airport. The proposed 134 hectare development known as LongResort was presented early this month and also signifies a possible 3,000 million Euro investment by north American group Cordish. It includes hotels, restaurants, offices, cinemas, a theater, a convention center and a gaming area….

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Spanish M&A surges again despite obstacles

Spanish M&A surges again despite obstacles

The Spanish market is on target to surpass 100,000 million Euros in mergers and acquisitions this year. This sees Spain in line to at least be in sight of parity with last year’s final figure of 102,776 million euro, one of the best ever years for this kind of business in Spain and bearing out recent reports that M&A activity was going to be a major player in Spain’s developing…

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Spain’s positive investment paradox

Spain’s positive investment paradox

That Spain may have some way to go before it can claim full financial recovery could be exactly what makes it so attractive to foreign investors. It’s something of a paradox but one very much worth looking at. It’s precisely because Spain is taking measures to continue to fight its way back to full prosperity that it is being looked upon so favourably.

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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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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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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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Spain Property Sector Recovers Momentum

Spain Property Sector Recovers Momentum

Spain’s property market is recovering momentum as the economy returns to growth. Housing prices are widely believed to have bottomed out in the last few months and the easing of restrictions on bank credit is encouraging sales.

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Spain reforms make it top investor bet for 2015

Spain reforms make it top investor bet for 2015

After struggling to emerge from a deep economic downturn which lasted the best part of five years, Spain is firmly on investors 2015 buy list! Once a protagonist of the eurozone sovereign debt crisis, the country’s economy has now returned to growth and is outpacing former eurozone front-runners like France.

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