Spanish Economy News

Spain's commercial deficit falls almost 30%

24 January 2013

Spain’s Trade Deficit Falls 29.5% in One Year

Spain is exporting much more and imports are less Trade between Spain and non-EU countries has increased significantly The biggest strain on Spain’s balance of trade is the high amount of energy that...

Spanish banks receive second bailout from the EU

22 January 2013

Second Bailout Approved for Four More Spanish Banks

Eurozone ministers approve second bailout for Spanish banks The sum of 1,815 billion euro will go to Liberbank, Caja3, BMN and CEISS Markets did not falter on hearing the news and the risk premium...

22 January 2013

Spain Investors Day Deemed a Success

Foreign investors are once again looking to invest in Spain Lowering their labour costs has made Spain extremely competitive on a global scale Spain leads in sectors including ICT, aeronautics, water...

A greater amount was collected in taxes in 2012

22 January 2013

Tax Revenue in Spain Increases 4.2% in 2012

Around 168,000 was collected in tax revenue last year The figure was announced at Spain Investors Day This year will be important for structural changes in many of the country’s institutions and...

Spanish families are less well off due to rise in taxes and cuts

17 January 2013

Rise in Taxes and VAT Together with Benefit Cuts Leave Spanish Families Worse Off

Spanish families are 18% worse off than in 2011 according to calculations Families have had to contend with two VAT hikes since 2010 Wages are just not stretching far enough Oxfam estimates that by...

English-speaking press finally acknowledges Spain's efforts

17 January 2013

English-Speaking Press Does a U-Turn and Finally Praises Spain’s Efforts of Handling the Crisis

Financial Times, WSJ and Washington Post now praise Spain’s efforts Exports are increasing due to reduction in labour costs making the country more competitive Many newspapers now commend Rajoy for...

Number of self-employed workers in Spain grows

17 January 2013

Number of New Self-Employed Workers in Spain Is Fifth Highest in Europe

Spain was the fifth country where numbers of new self-employed entrepreneurs grew the most Spain also lost the greatest number of s/e workers The regions with most new self-employed workers are known...

The number of new companies is on the rise

15 January 2013

New Companies, Company Dissolutions and Bankruptcy All on the Rise

The number of new companies has been increasing for the past 5 months More companies are being dissolved and bankrupted Most bankruptcies are due to companies not being paid what they are owed...

Dell is told to pay more taxes in Spain by Madrid court

11 January 2013

Ruling in Madrid Court Demands Dell Pays More Taxes

Dell makes millions in Spain but only declares a small amount in commission and pays tax in Ireland – at a lower rate Dell has appealed the court ruling Apple declared sales of 94 million last year....

Unemployment reaches a record high in the EU and Eurozone

09 January 2013

Unemployment Rises to 11.8% in the Eurozone with Spain at the Top

Spain has an unemployment rate of 26.6% Unemployment increased 0.1% from October to November 2012 In 2000, unemployment was 8.7% in the EU and 8.5% in the euro zone According to figures released for...

Thousands of job losses are expected in 2013

09 January 2013

30,000 Job Losses Expected from Large Companies in 2013

Those mainly affected include State transport and television companies and Spanish banks Banks agreed to cut jobs in exchange for bailout money Iberia and Bankia to lay off the most Although the...

Spain is ranked third in the OECD countries for growth of exports

08 January 2013

Spain Ranked High for Increase in Growth of Exports

Spain will increase its exports by 6.4% in 2013 Only two countries have faster growth rates for exports The OECD is made up of 34 leading and emerging economies Spain has been ranked as the third...

Spanish Economy News

Spain’s Trade Deficit Falls 29.5% in One Year

Second Bailout Approved for Four More Spanish Banks

Spain Investors Day Deemed a Success

Tax Revenue in Spain Increases 4.2% in 2012

Rise in Taxes and VAT Together with Benefit Cuts Leave Spanish Families Worse Off

English-Speaking Press Does a U-Turn and Finally Praises Spain’s Efforts of Handling the Crisis

Number of New Self-Employed Workers in Spain Is Fifth Highest in Europe

New Companies, Company Dissolutions and Bankruptcy All on the Rise

Ruling in Madrid Court Demands Dell Pays More Taxes

Unemployment Rises to 11.8% in the Eurozone with Spain at the Top

30,000 Job Losses Expected from Large Companies in 2013

Spain Ranked High for Increase in Growth of Exports

Pages