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Category: Current Affairs (161 articles)

Online retail giant Amazon to create 1,000 new jobs in Spain


The distribution centre near Barcelona will mean Spanish customers will receive their orders much more quickly.

US online retailer Amazon has announced that it is preparing to open a new distribution centre in Barcelona that will create hundreds of new jobs for the region.

The company is also preparing to expand its current logistical centre for Spain, which lies just outside Madrid in San Fernando de Henares, from 32,000 square metres to 75,000 square metres. Combined with the new planned centre for Barcelona, Amazon estimates that it will require 1,000 new positions to be filled…

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Author: 25/11/2015 [0] Comments 

Shrinking population and improved economy will lead to rising house prices in Spain, says Moody's

Spain's property outlook for 2015 looks more assured than it has done for years.

Brighter economic prospects for younger Spaniards will mean property prices will rise, despite population shrinkage.

Credit rating agency Moody’s has issued a report this week examining the effects of population growth and economic recovery on five European housing markets, finding that Spanish property prices are set to rise in response to changing circumstances.

The report suggests that Spain’s falling population, with the number of people living in the country set to shrink by about 1.3% between now and 2020, will actually serve to increase property prices, rather than see prices fall…

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Author: 05/11/2015 [1] Comment 

Spain dissolves parliament as date set for General Election


Spanish PM Mariano Rajoy has set the date for the General Election as December 20.

Spanish Prime Minister Mariano Rajoy has formally dissolved parliament this week as the country buckles down for the forthcoming General Election, now officially called for December 20.

In signing the decree to dissolve parliament as is tradition, Rajoy took the opportunity to remind voters that, despite the tough years of the Popular Party’s (PP) time in office, Spain’s economy has been transformed from one of Europe’s bleakest to one of its brightest

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Author: 28/10/2015 [0] Comments 

Spain receives credit rating upgrade from S&P


A number of Spain’s best-performing industries, such as winemaking, tourism and the automobile sector, have enjoyed a solid recovery in 2015.

Standard & Poor’s, the world-renowned credit agency, raised Spain’s credit rating to BBB+ at the weekend, which is three levels above junk status and the highest rating the country has enjoyed since the recession.

In May 2014 Spain was upgraded by S&P to BBB, and now – with the country’s outlook rated as ‘stable’ by the agency – the new BBB+ level means Spain is now three levels above non-investment grade…

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Author: 06/10/2015 [0] Comments 

As Catalans vote Yes, Spain to tell them No

Catalans go to the vote

Catalans may point the way towards independence, but Madrid is set to block any binding vote on the matter.

Catalonia’s pro-independence parties got the result they wanted on Sunday’s regional election, winning an absolute majority that they say now gives them a “clear mandate” to press for independence from the rest of Spain.

But despite the bullish positivity eking out of the region, Madrid has held firm, saying that the separatists had “failed” in their mission because they were unable to secure an overall majority of votes, winning 72 of 135 seats to fall just short of 50% of the parliament…

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Author: 29/09/2015 [0] Comments 

Obama reiterates US desire for strong, unified Spain

President Obama met with the Spanish Royals this week at the White House.

With the Spanish Royal family in the United States this week – King Felipe VI and Queen Letizia are on their first official visit stateside to meet the US president – Barack Obama has expressed his ‘deep commitment’ to a strong and unified Spain

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Author: 18/09/2015 [0] Comments 

Spain ‘best example that Europe is doing things right’ says German finance minister

Wolfgang Schaeuble believes Spain is setting an example for others to follow.

The Finance Minister of Europe’s strongest economy has publicly and vocally praised Spain as an example that others should follow as the continent continues to pull itself out of the economic mire.

Wolfgang Schaeuble, Germany’s Finance Minister, speaking at a business conference in Berlin, said: “Spain is the best example that we’ve done a lot of things quite right in Europe…”

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Author: 04/09/2015 [0] Comments 

Spanish economy to end the year strongly, says minister

The third and fourth quarters are set to replicate the growth already experienced in Spain so far this year.

From sick bed to poster child – Spain’s recovering economy is set to grow by a further one per cent in the third quarter of the year, ensuring a strong end to 2015 following a similarly strong beginning.

A busy summer tourism season and increased domestic consumer spending has helped spur the economy over the past couple of months, and the pace of growth is expected to continue through to December, confirmed Spain’s economy minister Luis de Guindos…

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Author: 25/08/2015 [0] Comments 

Spain’s king and queen to visit White House in September

The popular King and Queen of Spain will meet President Obama in September.

Spain’s increasingly popular Royal couple – King Felipe VI and Queen Letizia – are due to meet with US President Barack Obama at the White House on September 15 as part of their official royal visit stateside

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Author: 31/07/2015 [0] Comments 

Spain job market best it’s been for four years

More and more Spaniards are finding meaningful work in the country as the economic recovery continues.

Spain’s unemployment level is at its lowest rate in four years, with expectation growing that the country’s recovering economy is leading to faster job creation than first projected…

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Author: 27/07/2015 [0] Comments