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.
The Spanish economy has overcome the financial crises and it has started the recovery process that has gathered speed in the last few months, according to the specialists from the International Monetary Fund (IMF). The country forecast is better than last year, but more reforms are expected in order to improve the economic situation of Spain.
The first quarter of 2015 marked an important moment for the Spanish economy – the GDP (gross domestic product) raised by 0.90%, compared to the previous period, and that means the highest growth since 2007.
The European Commission estimates a 2.6% growth of the Spanish GDP (Gross Domestic Product) in 2015, which is a good sign for foreign investors interested in opening a business in this country or expending on the Spanish market.
Spain is expected to have an economic growth of 2.8% this year, as the Bank of Spain announced, and that is double comparing to the rate registered in 2014. These are the first years, after the economic crises that affected strongly the Spanish economy, when the country have registered an economic growth which is an important sign for the local and foreign investors who are encouraged to perform businesses.
The managers of the shops in 34 Spanish towns, on the Eastern cost, could have the possibility to choose their own working schedule, based on open-all-hours licenses they could get if their towns will gain the status of tourist municipality. This status is about to be granted to towns in Valencia, Alicante and Castellon regions, where the shops can be opened even on bank holidays, Sundays or other public holidays and also at lunch time and late in the evenings.