economy

30 March 2015

Which Are Spain’s Biggest Exports?

Spain is well-known for certain products that we all know and love and perhaps use on a daily basis. Olive oil, oranges and Serrano ham instantly spring to mind. But these are not the products made...

Rising petrol prices halt deflation process

17 March 2015

Rising Petrol Prices Halt Risk of Deflation in Spain

While on a small scale we’ve all been over the moon about the substantial drop in petrol prices over the last few months, looking at the bigger picture, this has brought consumer prices down even...

Devaluation of the euro is good for Spanish economy

10 March 2015

Spain in Line for More Tourism and Exports

With the euro devaluing more than 20% in the last year against the American dollar and both currencies almost at the same exchange rate, this is sure to create a promising year for Spain in terms of...

Hacienda apply sanctions in cash transaction law

10 March 2015

Hacienda Applies Sanctions for Cash Payments over the Legal Limit

In 2012, the Spanish Government introduced a measure to combat tax fraud and money laundering, making it illegal to make a cash payment in a business transaction for 2,500 euro or more. Last year,...

09 March 2015

Property Sales Accelerate in Almost Every Region in Spain

We are in no doubt now that the property sector in Spain is well into the road of recovery. Official figures and statistics have more than proved that so far. House prices and purchases are gradually...

Spanish property values to increase 5% in 2016

24 February 2015

Spanish Real Estate Will Increase in Value by 5% in 2016 Says Bankinter

According to a study carried out by Spanish bank Bankinter, the average price of property in Spain is set to go up by around 1.5% in certain select locations across the country in 2015. The six-...

09 February 2015

Last Year Registered Record Spending by Inbound Tourists

According to the Ministry of Industry, Energy and Tourism, Spain ended last year with a record high for inbound tourist spending – the second consecutive year in a row. International visitors to the...

02 February 2015

Growth of the Spanish Economy Accelerates

Positive reports about Spain’s economic growth not only in the last year but for the forthcoming two years have been coming in thick and fast. So it comes as no surprise to learn that the last...

Primark leads women's low-cost fashion sales

28 January 2015

Spaniards Choose Low-Cost Fashion Chains over Others

Low-cost fashion stores, those that sell clothing for cheaper prices than the average, have grown in popularity particularly over the last three years, and have attracted almost 4 million new...

28 January 2015

Last Year Broke Records for Tourism; This Year Looks Even Better

Last year was a fantastic year for tourism in Spain. The number of holidaymakers that visited this country was the same that France has inhabitants: 65 million. They also spent a record-breaking...

22 January 2015

Spain Leads Growth in Euro Zone

In its previous forecast in October, the IMF (International Monetary Fund) forecast that the global economy would grow 3.8% in 2015 and 4.1% the following year. Just four months later, however, these...

13 January 2015

Luxury Cars Back on the Road in 2015

It’s difficult not to look on in awe when a smooth and sleek Lamborghini or Porsche purrs past when we’re out in the street. However, with the economic crisis gripping the country over the last few...