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Category: Business (49 articles)

Spain economy grew 3.2% in 2015 as recovery takes firm hold

The Bank of Spain is the central national bank and the supervisor of the spanish bank system. On the first half of 2012 it has endured a lot of criticism for its possible responsibility in the banking crisis, specially because of the Bankia cases. This building, one of the official Bank of Spain headquarters, is located at plaza de Cataluña, Barcelona, Spain.

The Bank of Spain has welcomed the latest data, not least because recovery has been driven largely by domestic consumption.

Amid concerns that a new global economic crisis could be in the offing later this year, Spain’s economic performance in 2015 offered plenty of encouragement.

As predicted by many leading economists towards the end of last year, the Spanish economy grew by 3.2% in 2015 – putting the country towards the leading pack of strengthening European economies

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Author: 04/02/2016 [0] Comments 

Spain set to receive Netflix rival in form of HBO streaming service

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HBO is preparing to go head-to-head with Netflix in Spain.

Lured by Spain’s high rate of broadband-ready consumers and web subscribers who opt out of pay TV, American TV network HBO is preparing to launch a standalone web service in Spain, putting it in direct competition with Netflix, which launched in the country last October…

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Author: 21/01/2016 [7] Comments 

Marbella luxury goods market second-largest in Spain

Marbella-luxury-goods-market-second-largest-in-Spain

Marbella – whose luxury hubs include Puerto Banús and the Golden Mile – accounted for €1.56 billion of the luxury goods spend.

According to a study carried out by the Luxury Spain Association, Marbella is in second place when it comes to revenue generated by the luxury goods market, having been outranked only by Barcelona, and finishing way ahead of Spanish capital Madrid, which came third…

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Author: 14/01/2016 [0] Comments 

2015 sees record decline in number of Spanish jobless

t1larg.spain.jobs.gi

The queues are shorter, the jobs more secure: Spain’s employment market has begun to slowly improve.

Spain’s economy and job market isn’t quite out of the woods just yet, but official data from the country’s National Statistics Institute (INE) has revealed that the number of jobless fell by 354,203 last year – the largest-ever annual decline in unemployment…

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Author: 08/01/2016 [0] Comments 

Spain’s retail sector bounces back strongly in 2015

Malaga combines cosmopolitan sophistication with the relaxed air of the Costa del Sol.

Spain’s retail sector is performing strongly, which is a good indication of a recovering economy.

According to data published this week by Spain’s National Statistics Institute INE), Spanish shops are now hiring staff at pre-crisis levels.

This positive data will ensure that the country ends 2015 on a high after 12 months of near-constant good news concerning its economy…

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Author: 31/12/2015 [0] Comments 

Three ways to improve Spain’s job market in 2016

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More than any year, 2016 could prove pivotal for Spain’s job market.

Employment rates are fickle beasts at the best of times, but during the double-dip recession that hit Spain a few years ago the government did its best to mask the true extent of the problem.

Youth unemployment hit 50% at the country’s lowest ebb – higher than Greece – so official figures tended to focus on the slightly more palatable overall employment figures, which, while one of the highest in the Eurozone, hovered around the more spinnable figure of 25-27%.

Since a raft of economic reforms were introduced by the government in 2012 and 2013, the situation has improved quite dramatically, with thousands of young Spaniards flocking back to the country having spent one or two years working in the bars, restaurants, hotels and offices of the UK and Germany.

And this week, official figures have been released that show Spain has added one than one million jobs since the country exited recession in 2013, making the recovery one of the strongest in Europe…

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Author: 04/12/2015 [0] Comments 

Swipe for a bargain: Zara installs iPads in its changing rooms

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Personal shopping made even easier with the help of Zara’s new iPad idea…

Online shopping may have meant that this year’s much-coveted Black Friday event was something of a damp and deserted squib (with the more sofa-friendly Cyber Monday attracting the bulk of the spends), but sometimes the point-click-ship shopping model can prove more inconvenient than it should…

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Author: 02/12/2015 [0] Comments 

Spain’s economic recovery accelerates towards year end

Rajoy has a plan, and he's sticking to it

The General Election on December 20 will go some way to determining Spain’s economic performance in 2016.

Comments from the Spanish Economy Minister Luis de Guindos suggest that Spain’s economy has strengthened further towards the tail-end of the year following a solid third quarter that represented the fastest growth across the entire eurozone…

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Author: 27/11/2015 [0] Comments 

Car share app Uber eyes return to Spain

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Banned last year, Uber is changing its rules in order to enter the Spanish market, which it hopes to do in 2016.

Just weeks after Spain finally welcomed US streaming service Netflix to its shores, California-based car-sharing startup Uber is preparing for the second time to launch in the country.

Judges banned Uber’s first attempt to enter the Spanish market in December last year, with the courts ruling in favour of a lawsuit brought by Spanish taxi drivers arguing that the service contravened certain tax and regulation loopholes that typical taxi firms had to abide by…

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Author: 20/11/2015 [0] Comments 

Meet Marc Elliott: "Being able to communicate well with lenders and clients is essential to this business."

Marc Elliott of Fluent Finance Abroad and his partner Kelly

Marc Elliott of Fluent Finance Abroad and his partner Kelly

Marc Elliott is the British expat and brains behind Fluent Finance Abroad, the mortgage specialists based in San Pedro de Alcántara, Marbella. Providing clients with the most appropriate form of finance to purchase their dream home abroad, Marc – being half Spanish – has taken to life on the Costa del Sol like the proverbial duck to water. When he’s not hard at work sorting out people’s mortgages, Marc can be found relaxing on the beaches of Conil in Cádiz or occasionally belting out some top tunes in a karaoke bar…

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Author: 26/10/2015 [0] Comments 
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