Posts Tagged ‘US’

Spanish Firms Eye Cuba’s Untapped Market

Spanish Firms Eye Cuba’s Untapped Market

The historic restoration of diplomatic relations between the United States and Cuba on July 20, 2015 since broken in 1961 is a symbolic and powerful development in the rapprochement between Cuba and the US.

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Volkswagen Increases Spain Investment

Volkswagen Increases Spain Investment

Spain’s automobile industry received a double dose of good news last month: another extension to the government’s sector subsidy scheme and a 4.2 billion euros five-year investment commitment from Volkswagen! The German car manufacturer has earmarked the cash for improving installations and R&D at its two plants, one of which is its Seat factory in Martorell, near Barcelona, and the other in Pamplona in Navarre, home to the VW Polo. Spain is a key market for Volkswagen and its latest project – which has been touted as the largest ever industrial investment in the country – will guarantee the future of the group’s facilities.

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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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Madrid’s Canalejas Project Boosts Economy

Madrid’s Canalejas Project Boosts Economy

A major makeover is underway in the centre of Madrid which will boost the economy and create a substantial number of jobs! The so-called Canalejas project – referring to the emblematic Canalejas square at the heart of the new urban development – is spearheaded by Spanish businessman Juan Miguel Villar Mir, chairman of builder OHL and its private conglomerate parent Grupo Villar Mir. It already has attracted a slew of investors, both domestic and overseas, including top hotel group Four Seasons. The Canadian chain will open its first hotel in Spain, a luxury 215-room establishment.

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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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Ford to Boost Capacity at Valencia Plant

Ford to Boost Capacity at Valencia Plant

Ford Motor Company plans to boost output at its Valencia plant by 40 percent in 2015, thanks to the final part of a 2.3 billion euros expansion of its operations in Spain. The US car manufacturer is aiming to churn out about 400,000 vehicles at its Almusaffes plant this year, in what has been touted as the biggest ever investment in the Spanish automobile industry.

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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 market still attracts investors

Spain property market still attracts investors

Foreign investors continue to snap up Spanish real estate assets, even though the market is beginning to show signs of a fledgling recovery. So are there still bargains to be had? There certainly are in and around the country’s coastal areas, where prices took the worst beating when the massive property bubble burst in 2008.

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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.

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Standard and Poor’s Upgrades Spanish Banks

Standard and Poor’s Upgrades Spanish Banks

Spain’s recovering economy, which emerged from recession in the second half of 2013, is slowly feeding through to the banks, fuelling a positive response from rating agencies like Standard & Poor’s.
Last month, S&P raised its rating on four Spanish banks, including top lenders Santander and BBVA.

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