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Spanish tourism in the Mediterranean: the re-emergence of Egypt, Tunisia and Turkey altered the playing field

Spanish economy 10th February 2020

Spanish Tourism In The Mediterranean: The Re-emergence Of Egypt, Tunisia And Turkey Altered The Playing Field

CaixaBank Research | Spain’s boom in international tourism between 2011 and 2016 coincides with a long period of instability suffered by Egypt and Tunisia following the Arab Spring of 2010, as well as the episode of insecurity suffered by Turkey between 2015 and 2016. This reduction in competition for Spain helped its number of international tourist arrivals to rise at a considerably fast rate of 6.1% per year. This beneficial situation for the Spanish market came to an end in 2018 as we explain here.

Spain Catalonia

Spanish Politics 9th February 2020

The Talks On Catalonia’s Future Will Neither Fly Nor Sink

J.P. Marín Arrese | Both parties at the negotiation table are fully aware the bilateral talks will lead nowhere. Madrid cannot concede self-rule to Catalonia. Its independentist counterpart won’t accept anything short of that. Thus, discussions will become bogged in shallow waters, unable to provide the slightest chance to float. Yet, they will neither collapse nor sink, as long as the pragmatic ERC Party holds the line.
Spain tourism

Spanish economy 6th February 2020

Spanish Foreign Tourism Hits New Record With 83.7 M Visitors In 2019 And A Spending Rising 2.8%

Bankinter | According to INE (Spanish Statistical Office) 83.7 million foreign tourists visited Spain last year, an increase of 1.1% over 2018. Their spending also broke a record, rising 2.8% to €92.278 million. Among the main tourist destinations, the ones that did well were Madrid +7,0%, the Autonomous region of Valencia +3,9% and Andalusia +3,4% and the ones that didn’t were The Canary Islands -4,4% and the Balearic Islands -1,2%.

spain government now what

Spanish Politics 5th February 2020

Spain Has A government, Now What?

Rubén Segura-Cayuela (BofA Global Research) | Spain finally has a government, although with a razor-thin majority. This will be a coalition government comprised of the centre-left PSOE and the far-left Podemos, with the external support of several smaller parties, including Basque nationalists, and the implicit support (abstention in the government formation vote) of the secessionist ERC. The “easy”part of the job is done. The very challenging one, policy-making with thin parliamentary numbers, starts now.

paro empleo

Spanish economy 4th February 2020

End Of Cycle For Employment In Spain?

Unemployment rose in January by 90,248 people and the Social Security system lost 244,044 members, the worst figure since 2013, when Spain was trying to emerge from the crisis. All the Autonomous Communities, except for the Balearic Islands, have seen the unemployment rate rise in all sectors except construction, so some Autonomous Communities already have more unemployed than in 2019.

EIB funds

Spanish economy 4th February 2020

Spain, Second Country To Benefit Most From EIB Funds In 2019 With €8.96 Bn; €2.24 Bn Fell To Climate Goals

Spain was the second country in the European Union to receive the most funding from the European Investment Bank (EIB) in 2019, with €8.96 Bn for 92 projects. This was 6% more than in 2019, the entity’s Vice President, Emma Navarro, explained on Monday during the presentation of the EIB’s results in Spain. The EIB allocation of €2.24 Bn for the fight against climate change, 75% more than the previous year, makes Spain also the second country in Europe in terms of climate financing.

Latin America is the fourth largest investor in Spain?

Spanish economy, World economy 4th February 2020

Latin America Is The Fourth Largest Investor In Spain

Latin American investment abroad reached 38,255 million dollars in 2018, an amount similar to that of the previous three years. The main investors were Brazil and Mexico, and to a lesser extent Colombia and Uruguay. Latin American Foreign Direct Investment (FDI) in Spain amounts to 40,517 million euros, which represents an increase of 200%, in the last ten years.