Posts Tagged ‘eurozone’

Investment Trends – Latest Figures Indicate A Brighter Future

Investment Trends – Latest Figures Indicate A Brighter Future

A report released by ICEX shows there are strong foundations for sustainable economic growth in Spain. According to the report, there have been many reforms leading to the country becoming more competitive in the European market place.

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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’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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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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Spain Still Attracts Foreign Investors

Spain Still Attracts Foreign Investors

Spain’s recovering economy and the increasing competitiveness of its industries are driving a fresh inflow of foreign investment. In 2014, Spain came 9th in the rankings of countries which attracted the largest amount of global investment. No mean feat for a country which only two years previously was teetering close to the brink of a bailout as its risk premium hit historic highs amid doubts over its ability to balance its books.

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Spanish Housing Market Sees Yearly Rise

Spanish Housing Market Sees Yearly Rise

For the first time in four years, the sale and purchase of houses in Spain rose in 2014, reflecting the improved outlook for the real estate sector and for the economy as a whole. The number of operations increased by 2.2 percent to 318,389 last year, with second-hand property transactions the main driver behind the recovery. So is the country’s property sector downturn finally a thing of the past?

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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’s Santander’s capital hike gets ratings agencies’ backing

Spain’s Santander’s capital hike gets ratings agencies’ backing

Spain’s biggest bank Santander took the market by surprise last month with a 7.5 billion euro capital hike and a dividend cut, which the lender’s new chief Ana Botin said was to help fund the group’s expansion. The eurozone’s biggest bank by market value sold 1.2 billion shares at 6.18 euros each overnight on January 8, at the bottom of the indicated price range for the share placement and at a 10 percent discount to Santander’s last closing price.

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Spanish banks set to revive corporate lending in 2015

Spanish banks set to revive corporate lending in 2015

A revival is expected in Spanish banks’ corporate lending business as the economy emerges from a prolonged slump and returns to growth.
Households are also set to benefit from improved access to mortgage lending, a factor which will be key to ensuring that the fledgling recovery in the country’s property market is sustainable.

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