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.
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.