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Category: Business (105 articles)

Spain’s credit rating improves to A- as economy continues to impress

Spain's banks have reduced their debts by 25% since 2015, and their recovery mirrors Spain's as a whole.

Spain’s banks have reduced their debts by 25% since 2015, and their recovery mirrors Spain’s as a whole.

Before 2008, very few of us knew of, understood, or really cared all that much about countries’ sovereign debt rating and credit scores.

But as the credit crunch bit down hard a decade ago, suddenly every man, woman and dog on the street was told to feel trepidation at the thought of the UK losing its Triple A rating, or Italy being plunged into junk bond status, or Spain suffering downgrade after downgrade…

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Author: 23/01/2018 [0] Comments 

Spanish home developer to float on stock exchange amid soaring domestic confidence

Metrovacesa's mooted floatation could see the company valued at €2.6 billion, and its return to the stock exchange marks an upward surge in Spanish property confidence.

Metrovacesa’s mooted floatation could see the company valued at €2.6 billion, and its return to the stock exchange marks an upward surge in Spanish property confidence.

The signs that Spain’s property market is on an increasingly upward trajectory are numerous: foreign demand, domestic investment, mortgage lending and rising prices are all signifiers of a healthy sector…

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Author: 09/01/2018 [0] Comments 

One of world’s wealthiest men pours €100 million into Spanish property

In addition to the €490 Cepsa Tower (left), Amancio Ortega owns a further €1.1 billion of Spanish property assets.

In addition to the €490 Cepsa Tower (left), Amancio Ortega owns a further €1.1 billion of Spanish property assets.

Amancio Ortega, the founder of the Inditex fashion empire (which owns, among other high street brands, Zara) and multibillionaire has poured some €100 million into the Spanish arm of Pontegadea España, which is his real estate business…

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Author: 05/01/2018 [0] Comments 

Three ways Spain is updating its image

Yes, this is Spain, but the country has so much more to offer - and the message is getting out.

Yes, this is Spain, but the country has so much more to offer – and the message is getting out.

In a few weeks’ time, one will be unable to move for the sound of New Year’s Resolutions being made and broken.

This cultural phenomenon inflicts us all: young or old, rich or poor, European or American, determined or resigned to pay lip service to change but end next year the same you that began it.

Making lasting and wholesale changes to one’s personality and behaviour is pretty difficult; doing similar for an entire nation vastly more challenging.

But this is precisely what Spain has achieved over the past few years. For so long seen as a cheap-and-cheerful package holiday destination, a nation of sunshine, sangría and siesta, and an economy that only stays afloat due to the pounds and euros being spent by visitors from the country’s richer nations.

For a while, such stereotypes were more than a little accurate, or at least – this was indeed how people saw Spain. But through financial necessity and a growing confidence, Spain has been striding out in recent years showing a new, alternative face, and here are three ways that Spain has been updating its image…

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Author: 12/12/2017 [0] Comments 

Spanish hotel giants Barceló and NH Hotel Group could merge, reports say

Both NH Hotels and Barcelo enjoy a strong brand image in Spain, which is their domestic market.

Both NH Hotels and Barceló enjoy a strong brand image in Spain, which is their domestic market.

Two leading Spanish hotel chains are mulling a merger arrangement that would create the largest hotel group in the country.

Barceló has proposed a deal to purchase its rival, NH Hotel Group, in what would be a multi-billion euro merger. According to a statement published by Barceló, the family-owned group said it has expressed a firm interest in snapping up all of NH Hotels shares for €7.08 a share…

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Author: 23/11/2017 [0] Comments 

Tour operator Thomas Cook to set up new Spanish airline

Thomas Cook has applied for a Spanish aviation operating license.

Thomas Cook has applied for a Spanish aviation operating licence.

UK-headquartered travel company Thomas Cook – creator of millions of package holiday memories for Brits of all ages – has announced this week that it is to set up a new Spanish airline to cope with an expected increase in demand for flights to and from Spain in 2018

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Author: 20/10/2017 [0] Comments 

Spanish government to create 20,000 public sector jobs over next two years

Thousands of new seats will be filled across Spain's public sector over the next couple of years.

Thousands of new seats will be filled across Spain’s public sector over the next couple of years.

The government of Spain has pledged to create an additional 20,000 jobs in the public sector between now and 2019 in an effort to offer greater support for much of the country’s official authorities and services.

According to the El Mundo newspaper, 7,000 posts will be created for general state administration, with a further 3,360 positions added to the judiciary…

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Author: 10/07/2017 [0] Comments 

Spaniards much more confident in economy, survey finds

Worries over employment and job security have eased among Spaniards, particularly in the past 12 months.

Worries over employment and job security have eased among Spaniards, particularly in the past 12 months.

Over half of Spaniards believe that the country’s economy is finally performing well, nearly a decade after the worst recession in recent memory hit.

A survey by international consulting firm GAD3 found that 52.5% of Spaniards are confident that Spain will boast one of Europe’s best-performing economies this year, echoing forecasts from leading economists that suggest the nation is at the forefront of growth…

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Author: 29/06/2017 [0] Comments 

Spain manufacturing sector grows at strongest rate for 19 years

Spain's car making industry has been one of the nation's recent success stories.

Spain’s car making industry has been one of the nation’s recent success stories.

Job creation in Spain’s manufacturing sector has been the strongest this year since 1998, with economist data showing that the country’s Purchasing Managers’ Index (PMI) rose faster than expected, reaching 55.4 in May…

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Author: 05/06/2017 [0] Comments 

Free classes at Marbella’s leading yoga studio

©GaryEdwards-RY-A2859LR

Radiant Yoga Marbella: the most innovative dedicated yoga studio in town. ©Gary Edwards

Entering their 4th year on a high, Radiant Yoga Marbella – the most innovative dedicated yoga studio in town – is celebrating by offering free classes at their Open Day on Saturday, 3rd June, when Radiant devotees and newcomers alike will be welcomed with open arms and can sample an exciting array of yoga styles – including Rocket Ashtanga, Yin Yang Yoga, Aerial Yoga and Hot Strala Yoga – all for free…

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Author: 01/06/2017 [0] Comments 
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