The International Monetary Fund (IMF) released a new and improved forecast for the Spanish economy at the beginning of the year. The provisions were based on the economic results which were better than expected at the end of 2015. The estimations cover 2016 and 2017 and also take into account actualization in the context of the global economy.
The latest report of the National Institute of Statistics in Spain shows a recovery of the real estate market that started in 2015 and continues in the first months of 2016 as well. Other surveys show that the increase is mainly due to foreign citizens seeking to acquire new properties. Our lawyers in Spain can provide you with information about the trends in the real estate industry.
The confidence among retail companies in Spain is at its highest, as numbers show an increase in sales. The economic growth registered at the end of last year has also helped both retailers and residents who have started to spend more. Our lawyers in Spain can provide you with more information about the country’s current economic status.
Spain’s economy has started to recover towards the end of 2015 and the best proof is the rise in employment numbers, according to one of the reports released by a governmental agency. The unemployment rate at the end of last year was 3% lower than it was at the end of 2014 and the most prosperous region at the moment is Andalusia.
The gambling industry has begun to develop quite a lot during the last few years in Spain. Recent statistics show that both land-based and online casinos have become very popular and the industry is still expanding. In 2015, online casinos alone have doubled the number of registered players. Our lawyers in Spain can provide you with more information about investment opportunities in the gambling sector.
The tourism industry continued to be one of the largest contributors to the Spanish economy in 2015, according to statistics. Surveys show that tourism brought around 120 billion euros to the country’s treasury during the last year. Companies in the tourism sector reported a 3.7% increase in 2015 and are also positive about 2016. If you want to open a travel agency in Spain, you can refer to our lawyers.
The International Monetary Fund (IMF) issued its annual country report for Spain which provides for an increase in the economy this year. According to the survey, Spain will surpass some of the actual leading economies of the world. The Organization for Economic Co-operation and Development and the European Commission’s predictions are in line with those of the IMF and also provide for economic growth.
Spain is an interesting country to discover for both tourists and foreign citizens who want to come and work there for a few months or even years. They will enjoy a mild climate, friendly people, a lot of possibilities for entertaining and a healthy lifestyle.
Two important Spanish cities ranked high in the top of the best European destinations for opening and developing a startup. Madrid and Barcelona are among the first 15 best cities in Europe for starting a small business.
Spain has registered a minimum unemployment rate in the third quarter of 2015, after a few years in which the country was strongly affected by the economic crises and it lost thousands of jobs. The unemployment rate reached 21.18% falling from 25.93% at the beginning of 2015 and 26.94% in 2013, when it was registered the peak, during the crises.
After recovering from the economic crises, Spain has become one of the fastest growing European economies competing with the stronger ones, such as Germany, France and Italy. In the top of the “big four” European economies, Spain ranked on the first position and it is expected to expand by 3.2% in 2015 and by 2.5% in 2016, according to an estimation made by the specialists from the International Monetary Fund.
The foreign entrepreneurs who think about opening an online business in Spain or extend on the Spanish market should know that the online market in this country is growing and there are many opportunities especially for those interested in opening an e-commerce website.
Spain obtained a better credit rating – BBB+ – granted by the prestigious agency Standard & Poor’s that considered the good performances of the Spanish economy in the latest months.
The number of tourists who visited Spain, between January and August 2015, was 47.2 million – a higher figure than the one registered last year in the same period. In only one month – August – that is an important period for holidays in this country, Spain welcomed 9.2 million tourists that represent an increase of 1.6% compared to the same month in 2014.
The recovery of the Spanish economy in the last year is due to the structural reforms imposed by the local authorities that helped the country overcome the financial crises. This is the opinion of Mariano Rajoy, the Prime Minister of Spain, who said that this country is no longer “the sick man of Europe” and succeeded to become one of the states that registered the highest growth rate in the European Union.
Spain’s exports registered the highest growth in the last 44 years, rising by 5.5% in the first seven months of 2015 and the main reason for this is the recovery of the Spanish and European markets. The value of Spanish exports overcame EUR 148 billion and this helped reducing the negative foreign trade balance of Spain.
After a period of nearly five years of recession, when the Spanish economy was strongly affected by the financial crises, this country seems to recover very well and it registered 11 months of economic growth. The Spanish authorities are very proud of this recovery and the Prime Minister Mariano Rajoy named the country as “Germany of southern Europe”.
One of the European countries that offer important business opportunities for foreign investors is Spain, especially after it succeeded to recover after the financial crises. The Spanish market has an important potential to grow and so do the prices for real estate properties.
The prices of residential buildings in Spain are expected to rise by 2.5% in 2015 and the same increasing is estimated also for 2016, while a 4% increase is predicted for 2017, according to a report released by Standard & Poor’s rating agency.
Spain has recently implemented new tax rules. Although they are mainly focused on the corporate income tax, these rules also target the structuring of inbound investments. The experts at our law firm in Spain can tell you how these new rules can impact your company in Spain or business plans in the country if you are a foreign investor.
The Spanish economy seems to be out of recession after it recorded a slightly growth of 0.4% per quarter, according to the report released by Markit, an information service company that analyzed the economic activity in the Eurozone. Spain wasn’t much affected by the Greek crises as other European economies and registered better results than other major economies such as Germany, France and Italy.
Foreign entrepreneurs who are interested in opening a company in Spain and move to this country have to know that expat living costs have decreased there and they are among the lowest in EU, according to a study of the international consulting firm Mercer.
After a few years of recession, when the entire Spanish economy was affected by the financial crises, the first signs of recovery have been seen and one of them is an important growth of the investments in the tourism sector.
After the GDP raised by 0.9% in the first quarter of 2015, Spain has become an interesting destination for foreign investors who are attracted by the outlook for a recovery and a new growth in the next months.