For the past eight years, Spain’s Social Security has been in the red: while revenue has increased by just 1.8% vs 2009, retirement pension spending is 54% higher than in 2009. Given this, “it is vital to define a new intergenerational social pact”, says CaixaBank’s experts.
Mapping out a horizon for Spain, and recovering a common project for the country, is just what the Círculo de Empresarios (Businessmen’s Association) is trying to do with its latest working documents. The Circulo has 225 members and celebrates its 40 anniversary this year.
The new upward cycle in the property sector seems to be consolidating. Positive proof of that is the fact that housing prices have been increasing for the last two years.
Spanish exports have seen solid growth over the past few years. Moreover the range of destinations has broadened and the products exported diversified. However, CaixaBank Research points that there is still one important issue to resolve: the complexity of exports.
Spanish households reduced their savings efforts marginally in the third quarter of 2017. Despite the Spanish banks’ attempts to offer positive returns on deposits against a backdrop of negative interest rates from the ECB, families are looking for greater returns from other kinds of financial assets like investment funds.
An average user’s electricity bill rose 10.8% in 2017 from a year earlier, according to Facua-Consumidores en Acción (Consumers in Action). Whatsmore, Facua denounces the “brutal” 16% increase in tariffs for energy consumed.
BancaMarch | According to the World Tourism Organisation (WTO)’s forecasts, Spain beat the US in 2017 in terms of the number of foreign visitors to…
The Spanish Parliament has set up a special Committee to scrutinise what led to the financial crisis ten years ago. But the craving for finding individual culprits will overrun any reasonable attempt to search for the simple truth that no one could foresee the crisis.
We have read that in Tarragona, a province in Catalonia, a flat has been sold for 40000 bitcoins, because that’s what the owner wanted.
Spanish companies without any subsidies or bailouts have turned themselves around and transformed the former autarchy into a country decidely open to the overseas market.