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Category: Business (33 articles)

Spanish airport sold for €10,000

Ciudad Real airport opened in 2008 but has not handled a single commercial flight.

Spain’s infamous Ciudad Real airport – which became a symbol of the country’s recent boom-bust construction industry – has been sold to a group of international investors for just €10,000 – 100,000 times less than it cost to build.

Located south of Madrid, Ciudad Real airport has stood as a white elephant for the past few years. Having opened in 2008 just as the global financial crisis struck, the €1 billion airport never went into full commercial operation, and has stood largely empty ever since…

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Author:Ian Clover 22/07/2015 [0] Comments 
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More foreign investment as Spanish chain store sells 10% stake to Qatari investor

The new investment could see El Corte Inglés embark on an expansion strategy overseas.

Popular Spanish retailer El Corte Inglés has sold a 10% stake in the company to former Qatar Prime Minister Sheikh Hamad Bin Jassim Bin Jaber Al Thani for a sum estimated to be around €1 billion

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Author:Ian Clover 21/07/2015 [0] Comments 
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British expats can vote on EU referendum, says Cameron

Will the UK opt for the EU exit door, or choose to remain?

It is a vote that is likely to determine the very future of the United Kingdom, let alone its relationship with Europe – and it is a vote that British citizens who have lived abroad for less than 15 years are allowed to have a say in.

The EU referendum, which was promised to the British public by the new Conservative government, is to be a simple In/Out vote on the question of whether the UK should remain in, or leave, the European Union…

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Author:Ian Clover 01/06/2015 [0] Comments 
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Spain’s growing property market begins driving employment

Employment opportunities in Spain's real estate sector are set to rise as the industry grows once more.

As confidence, cash and foreign buyers have all flooded back to the Spanish property sector over the past few months – drawn by stabilising prices, favourable exchange rates and a mature outlook – the industry has also begun to generate more employment opportunities within Spain…

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Author:Ian Clover 10/04/2015 [0] Comments 
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Hilton taking another tilt at Costa del Sol hotel market

Benalmadena's stylish Reserva del Higueron hotel will soon become part of the Hilton brand.

The Costa del Sol is set to welcome back the prestigious Hilton hotel brand after a near 40-year absence.

Hilton Worldwide struck a deal this March at the Spanish Embassy in Berlin to bring the brand to the Reserva de Higueron hotel near the resort of Benalmadena, bringing the iconic Hilton sign back to the coast for the first time since Marbella’s famous Don Carlos hotel was a Hilton-branded establishment in the ‘70s…

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Author:Ian Clover 19/03/2015 [1] Comment 
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Spain’s Golden Visa scheme attracts 530 applicants

A luxury home AND the right to reside in Spain? The Golden Visa is an attractive scheme for many

Since its launch 15 months ago, Spain’s Golden Visa scheme – introduced to attract wealthy non-EU investors to the country’s property market – has so far registered 530 applicants.

The Visa scheme grants automatic residence and working rights in Spain to individuals who spend more than €500,000 on property in Spain. Such an investment can be spread across a portfolio of properties, and investors can include their family, dependants and unmarried partners in the visa – an added attraction that has evidently appealed to a large handful of Chinese, Russian and Arab investors…

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Author:Ian Clover 11/03/2015 [6] Comments 
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Spanish second homes prove alluring to business travellers

A flash pad in Spain is a fine choice for businesspeople who travel often

As the number of business travellers jetting into and out of Spain increases, a growing number of these corporate commuters have begun investigating the option of snapping up a second home in Spain rather than having to rely on hotels for their home-from-home comforts

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Author:Ian Clover 23/02/2015 [0] Comments 
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Employment in Spain’s property sector set to soar

Jobs in the Spanish real estate sector are predicted to rise sharply in the coming years.

The growing importance of the Spanish property market to the country’s economic recovery has been laid bare by consultant firm KPMG, which expects jobs in the sector to account for 10 per cent of Spain’s workforce by 2020…

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Author:Ian Clover 16/02/2015 [0] Comments 
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Ford completes biggest-ever investment in Spain’s car industry

Ford has added more than 3,000 jobs at its Valencia plant since 2013

US car manufacturing giant Ford has invested a further €1.1 billion into its car plant in Valencia in what has become the single largest investment ever in Spain’s car industry.

The injection of cash takes Ford’s total investment into its Spanish plant to €2.3 billion, after initially expanding the operation in 2013. Ford has had a presence in Valencia since 1973 when the company first purchased 270 acres of land for its first Spanish factory…

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Author:Ian Clover 12/02/2015 [0] Comments 
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Spain economy grows at fastest rate for seven years

Spain is performing better than it has done since 2007, and is one of the eurozone's fastest-growing economies

The Spanish economy has recently made headlines across Europe and the USA, and for once, it was for all the right reasons.

Media outlets from the Financial Times to the Daily Telegraph and Reuters all reported that Spain’s economy has just posted its best figures for seven years, with various reports suggesting that Spain is now performing better than at any point since 2007

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Author:Ian Clover 10/02/2015 [0] Comments 
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