Posts Tagged ‘RECESSION’

65% of firms in Spain set to hire this year

65% of firms in Spain set to hire this year

As Spain’s economy continues to recover and the labour market shows signs of improvement, local firms are set to increase their workforce in 2015, according to Adecco. The consultancy firm interviewed over 300 companies and human resources’ professionals last month, discovering that 65 percent of businesses plan to hire more staff. So good news for the country’s just over 4 million unemployed!

/ read more

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…

/ read more

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.

/ read more

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.

/ read more

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.

/ read more

Fiscal Changes Which Affect M&A

Fiscal Changes Which Affect M&A

As Spain’s economy emerges from a deep downturn and returns to growth, the government has implemented reforms aimed at ensuring the recovery is sustainable.
One of the most important reforms so far is the planned overhaul of the country’s tax system.

/ read more

2014 M&A Trends In Spain

2014 M&A Trends In Spain

The number of M&A transactions completed in Europe has rebounded this year following the slump that occurred towards the end of 2013.
And Spain has been a hub of activity as the country’s recovering economy has rekindled investor confidence.

/ read more

McCann Says Spain’s Economic Crisis is History

McCann Says Spain’s Economic Crisis is History

Global marketing firm McCann has joined the ranks of leading businesses, investors and economists confident about Spain’s economic recovery.
The revival in the country’s advertising market in 2014 is a good indication of how companies’ growth expectations are improving, according to Felix Vicente, head of McCann’s operations in southern Europe.

/ read more

Foreign Investment in Spain Quadruples in June

Foreign Investment in Spain Quadruples in June

Spain’s economic recovery continues to gather steam and recent data shows international investors are confident the turnaround is sustainable!
Foreign capital inflows more than quadrupled to 6.7 billion euros in June from the previous month, according to the Bank of Spain’s Balance of Payments report published in August.

/ read more

Spain’s Tourism Industry Continues to Grow

Spain’s Tourism Industry Continues to Grow

Spain is on track for another bumper tourism year! Recently released data for the first eight months of 2014 showed a 7.3 percent year-on-year rise in foreign visitors to 45.4 million, a record breaking figure for the January-August period.
And initial figures for September indicate that the summer boom is continuing.

/ read more
Page 1 of 212