Spain’s SMEs Have Generated 66.4% Of New SS Affiliations Over Last Year
A recent report by Eurostat revealed that SMEs in Europe generate half of intra-European trade. These companies provide up to 249 jobs each and drive the economy.
Spanish economy
Brussels Approves Spain’s Budget Extension Despite Non-Compliance On 2018 Deficit Target
The European Commission determined on Wednesday that the draft of Spain’s budget for 2018 sent by the Spanish government “complies in general terms” with the criteria established in the Stability and Growth Pact. Despite the fact the public deficit will exceed the target agreed on for next year.
Foreign Firms See Improved Prospects In Spain
A recent report published jointly by ICEX-Invest in Spain, Multinationals for Spain Brand and the International Center for Competitiveness said foreign companies’ evaluation of the business climate in 2017 has seen a further improvement compared to a year ago.
Spanish Banks Passed IMF’s Pre-Crisis Stress Tests Including A 30% Drop In Property Prices
Before the crisis, Spain’s financial system passed the International Monetary Fund (IMF) stress tests which included a 30% drop in property prices, according to Pedro Pablo Villasante, former managing director of Supervision at the Bank of Spain between 2000 and 2006.
The ‘Red’: A Symptom Of Internationalisation And Economic Diversification
The latest call up for footballers for the Spanish team preparing for the next World Cup in Moscow finds an equivalent in the Spanish economy’s recent successes: its internationalisation and diversification, which go far beyond declarations and pretensions.
The Ironies Of History: Spanish Public Debt Eases Private Debt
With regard to Spain’s debt, there has been a Keynesian policy in place, of ECB monetary expansion and the expansion of government debt, call it what you like. And this policy has allowed Spain to grow at an annual rate of 3% in three years.
Amancio Ortega, His Daughter Sandra (Inditex) And Juan Roig (Mercadona), The Three Largest Fortunes In Spain, Says Forbes
Inditex founder, Amancio Ortega, is still the person with the largest fortune in Spain, with 70 billion euros, followed by his daughter Sandra Ortega and and Mercadona chairman, Juan Roig. The three business people top the list of the 100 biggest national fortunes drawn up by Forbes.
Spanish Factories Output In October Grew At The Fastest Pace For A Decade
Spanish factories output accelerated in the month of October hitting the highest levels for a decade, according to the PMI. This rose to 55,8 points in October from 54,3 in September, noting the “negligible impact” of the political situation in Catalonia, although political uncertainty could be a drag on future expectations.
Ratings agencies Give Their View On Catalonia Effect: S&P More Constructive, Moody’s Remains Very Cautious
S&P published a specific note on Spain economy on 31/10 where it states that the recent events in Catalonia should not have any immediate impact on its rating nor its outlook (BBB+/Positive). At the same time, Moody’s published a note on Spain which is more cautious about the risks of implementing Article 155.
“Neither The Business Nor The Education Sector In Spain Have Collaborated Sufficiently”
In Spain, companies should “express their future needs in the medium and long-term and transmit them to the education system. At the same time, the education sector has to contribute and help young people to get a job tomorrow. If this is not perfectly in sync, like a watch, it doesn’t work,” explains Francisco Belil, a Gas Natural board member and deputy chairman in Spain of the Bertelsmann Foundation.