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Category: myVIVA News (box 2) (336 articles)

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 

High street brands’ profits soar as Spanish consumer confidence returns

Zara is Inditex's flagship brand, and supremely profitable.

The name Inditex might not mean much to the average Joe or Jane on the street, but the clothing empire’s high street fashion brands certainly roll easily off the tongue for anybody who has ever spent a decent amount of time in Spain.

Zara, Pull&Bear, Bershka, Massimo Dutti, Stradivarius, Oysho and Uterqüe are all highly recognisable fashion brands across Spain and many parts of Europe and throughout the world, and are all owned by Inditex – which was founded by Galicia-born Armancio Ortega, who is known globally as Spain’s richest man

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Author: 22/09/2015 [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 

Number of multimillionaires in Spain hits record level

Spain has 471 people who boast assets of more than €30 million - a record.

Despite – although many may argue because of – the recent economic downturn, the number of individuals registered as multimillionaires in Spain has reached record levels, recent data has revealed.

Although employment in Spain remains at around 22% (down from a high of more than 27% during the peak of the crisis), the country now has 471 people who have declared assets of more than €30 million – and that figure is set to rise before the end of 2015

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Author: 14/09/2015 [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 

Spain tourism figures shatter another new record

The beaches of Banús, the restaurants of Marbella, the attractions of Benalmádena - Spain has a lot to offer tourists of all types.

The first seven months of 2015 have attracted more than 38 million tourists to Spain – a figure that smashes all previous records.

State tourism figures released at the end of last week show that tourism has increased 4.7 per cent on last year, shattering the record number of tourists that arrived in Spain in 2014…

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Author: 28/08/2015 [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 

Málaga airport makes history

Plane landing at Málaga airporyt

The number of passengers passing through Málaga airport in July 2015 reached an all-time high of 1,705,187.

According to data published by Spain’s Airports and Air Navigation Authority (AENA) last week, the number of passengers passing through Málaga airport in July of this year reached an all-time high of 1,705,187 – the first occasion ever that figures for a single month have exceeded 1.7 million. This emphatically breaks the previous record when 1.68 million travellers used the Málaga-Costa del Sol airport in August 2014…

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Author: 17/08/2015 [0] Comments 

July was Spain’s hottest month ever, weather agency confirms

Average temperatures across the whole of Spain were 26.5 Celsius for the month of July - a record.

With the summer heat showing very little appetite for retreating as August begins in earnest, Spain’s national weather agency has confirmed that July was the hottest month ever recorded in the country.

The three separate heatwaves that were spread evenly across the month may have caught the headlines, but even in the ‘cooler’ periods in between, temperatures in most parts of the country were often way above average

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Author: 07/08/2015 [0] Comments