economy

18 September 2015

Largest Primark in Spain to Open in October

With a total of 35 stores across the country, Primark has become somewhat of a landmark here in Spain, and more than just an outlet for foreign residents and tourists. It’s almost a Spanish...

11 September 2015

Madrid on the Heels of Cataluña as First Regional Economy

Madrid is poised to overtake Cataluña as the first regional economy in Spain for the first time ever. With an annual growth of 3.2% at the end of the second quarter this year, its GDP is just 1.7...

02 September 2015

Job Offers in the Real-Estate Sector Increase 340%

It may be hard to believe with Spain’s unemployment statistics as they are, but according to the latest European Job Index report from Robert Walters, a world-leading specialist recruitment...

24 August 2015

Montoro Urges Officials to Use Public Transport and Fly Tourist Class to Keep Spending Low

The opposition party (PSOE) has described it as a “bad joke”, but Spain’s economy minister, Cristóbal Montoro, was not having a laugh when he told senior officials that they will have to purchase...

13 August 2015

Spanish Economy Will Grow Twice the Rate of Germany This Year

There have been many favourable reports regarding the Spanish economy for more than 12 months now, and it seems that the positive news will continue for the remainder of the year and that Spain’s...

04 August 2015

Spending Increases as Commercial Centres Report Rise in Visitors

Consumption has been reactivated in Spain, and you only have to take a look inside our commercial centres to see this. According to the Footfall Index created by Experian, a global information...

04 August 2015

Euribor Rises in July for First Time in 14 Months

Homeowners with a mortgage have nothing to get worked up over just yet, but the mortgage reference rate used to calculate over 90% of all mortgages in Spain has ended July slightly higher than the...

24 July 2015

Spain Receives a Record 29 Million Tourists in Six Months

Have you noticed a greater influx of tourists than usual? The first month of the summer season already seems to point to a record-breaking holiday period for tourist numbers, considering that in June...

15 July 2015

Sales of Air-Conditioning Units Tripled in First Week of July

The extreme heat and high temperatures experienced across the whole of Spain over the last couple of weeks has resulted in sales of air-conditioning units and apparatus going through the roof. Only...

07 July 2015

Number of New Companies in the Real Estate Sector Rises

According to a recent report from Infoempresa, the number of new real-estate and property companies established in 2014 went up by 10.9% from the previous year, which reflects the improvement and...

02 July 2015

Time to Get Your Summer Bargains as Sales Officially Start

The summer sales in Spain have officially begun (yesterday), which means that many excited customers will be heading straight to their nearest shopping centre to bag as many bargains as possible....

Four Spanish province head European growth list

25 June 2015

Four Spanish Provinces in Top 10 for Fastest Growth in Europe

A study carried out by Oxford Economics, a world leader in global forecasting for business and government quantitative analysis, to find out which provinces and regions within Europe have the best...