google.com, pub-1746399573137893, DIRECT, f08c47fec0942fa0
Tuesday , April 13 2021
Breaking News
Home / International Customs / Spain (page 23)

Spain

Spanish toll road operator posts 6% profit increase thanks to economic recovery

MADRID: Profits for Spanish toll road operator Abertis rose by 6% in its first quarter, thanks to an increase in traffic. Economic recovery in Spain saw traffic volume up 11.4% in the first three months of 2016. The company, which operates across Europe and Latin America, saw earnings of €714m in the same period, while net profit rose 205%, boosted ... Read More »

Barcelona agree ‘world record kit deal’

MADRID: Barcelona agreed a “long-term” contract extension with American sportswear giants Nike on Saturday, which will reportedly see the Catalan club surpass Manchester United with the most lucrative kit-sponsorship deal in the world. Barca said the details of the deal will be revealed and ratified at the club’s next general assembly. Catalan sports dailies Sport and Mundo Deportivo reported, however, ... Read More »

Spain’s public deficit being cut by 8 bln euros: Finance Minister

MADRID: Spain is cutting its public deficit by 8 billion euros (8.99 billion U.S. dollars), according to Spain’s acting Finance Minister Cristobal Montoro. He said the fiscal adjustment was required by the European Union(EU) in order to give the country one year more to reduce its public deficit to below 3 percent of GDP. “The European Commission requires an adjustment ... Read More »

Spain, the world’s largest watermelon exporter in terms of value

MADRID: In 2015, Spain was the country that obtained the highest revenue from the export of watermelons, with a total of 298.81 million Euro. The value of the world’s total exports reached 1,204.45 million Euro. The data has been supplied by the Statistics Division of the United Nations (UN), COMTRADE, under code 080711 (fresh watermelon) of the Tariff Integrated of ... Read More »

Spain wins reprieve on deficits from EU

MADRID: Spain and Portugal, in the EU’s spotlight for failing to meet deficit targets, won a reprieve on Wednesday as Brussels delayed a decision to slap fines on the rule-breakers until July. The delay put off a potentially embarrassing decision for Spain until after elections on June 26th and gave more time for a new government in Portugal to get ... Read More »

Vodafone Spain service revenues down 3.2% in Q4, EBITDA up

MADRID: Vodafone Spain reported service revenues down 3.2 percent on an organic basis in its fiscal third quarter to March following falls of 3.1 percent and 2.0 percent in the previous two quarters, with the strong performance of its fixed line business offset by the continuing slowdown in mobile, above all the impact of handset financing. However, the operator was ... Read More »

Spanish ride-sharing app receives €106m in funding

MADRID: One of the main rivals to revolutionary ride-sharing app Uber has received €106m in its latest round of funding. Cabify, which operates in Malaga, across Spain and in Latin America, is now valued at €283m. The app says it operates a business-focused service, with clients including Google, Visa and Allianz, while all their drivers are required to wear suits. ... Read More »

Spain’s consumer prices fall by 1.1% in April

MADRID: Spain’s consumer prices fell by 1.1 percent in April when compared with the same month last year, Spain’s Statistical Office (INE) confirmed on Friday. The INE said prices of items related to leisure and culture fell by 2.6 percent, housing prices fell by 7.1 percent, and transport prices fell by 5.1 percent. Meanwhile, hotel industry prices rose by 1.1 ... Read More »

Spain’s bond launch draws demand

MADRID: The government on Wednesday said the launch of its first 50-year bond in two years drew strong investor demand, as the nation became the latest eurozone member to jump on the long-bond bandwagon. The Treasury sold 3 billion euros (US$3.4 billion) of the bond maturing in 2066 via a syndication that drew orders worth 10.4 billion euros, the Ministry ... Read More »

Spain: FreshCut achieves 45% increase in revenue

MADRID: FreshCut, based in Galicia, Spain, is fully involved in the marketing of healthy products made from fruit and vegetables, which are exported to France, Andorra and Portugal. The company, part of the group Frutas Nieves, increased its turnover by 45% in 2015 compared to the previous year, reaching one million Euro. The reason for this significant increase in sales ... Read More »

Spain smashes Nigerian ‘CEO swindle’ scammer network

MADRID: Police have arrested 44 people in Britain and Spain suspected of involvement in a scam to hack into accounts belonging to company bosses and steal thousands of euros, officers said here the other day. Police arrested 43 people thought to be involved in the so-called “CEO swindle” in Spain and one in Britain – 17 of whom are thought ... Read More »

Spain obtaining highest revenue from pepper exports

MADRID: Spain is the country that obtained the highest revenue from its pepper exports worldwide, with a total of 873.62 million Euro of the 4,086.65 million achieved by the world’s total exports, as reported by the Statistics Division of the United Nations (UN), COMTRADE, with code 070960 (fresh and chilled peppers) of the Tariff Integrated of the European Communities – ... Read More »

Spain’s economy beats forecasts despite continuing political uncertainty

MADRID: Spain’s economy grew faster than experts predicted in the first quarter of 2016. Gross domestic product grew 0.8%, 0.1% higher than the forecasts The growth continued despite ongoing political deadlock, which has seen Spain without a majority government since December. Mariano Rajoy’s acting government predicts Spain’s economy will grow 2.7% this year, before slowing to 2.4% in 2017. The ... Read More »

Spain’s Repsol expect 22% fall in profits

MADRID: Spanish oil giant Repsol’s earnings are expected to fall 22% this year. The international agency Fitch ratings said the firm has a negative outlook given that oil looks set to remain at around €31 a barrel this year. Repsol, Royal Dutch Shell, France’s Total, Austria’s OMV,  Italy’s Eni, and Hungary’s MOL’s collective earnings fell by 34% last year. Read More »

Spanish banks launch wave of job cuts and branch closures

MADRID: Spanish banks, which slimmed down after a property boom went bust in 2008, are once again closing branches and slashing jobs as their profitability is hit by stiff competition. The country’s three biggest lenders – Santander, BBVA and CaixaBank – last week all posted lower first quarter net profits, especially in Spain, which is grappling with a jobless rate ... Read More »

Spanish imports climb at start of 2016

LONDON: Spain’s fresh fruit and vegetable imports for the first two months of 2016 grew 22 per cent in volume and 29 per cent in value when compared with the same period last year. That is according to the latest figures collected by the Ministry of Economy and Competitiveness Directorate General of Customs Data, published by Fepex. Overall fresh fruit and ... Read More »

Feeding frenzy in Spain’s renewable energy sector

MADRID: A wind of change is blowing on Spain’s renewables: companies and investment funds have been on a buying spree, taking advantage of the know-how and growth prospects of a sector still limping out of a crisis. In 2015 “total transactions reached €5 billion ($5.7 billion)”, says Joao Saint-Aubyn, a Madrid-based energy expert at global consultancy Roland Berger. The biggest ... Read More »

Spain’s economy beats forecasts despite continuing political uncertainty

MADRID: Spain’s economy grew faster than experts predicted in the first quarter of 2016. The growth continued despite ongoing political deadlock, which has seen Spain without a majority government since December. Mariano Rajoy’s acting government predicts Spain’s economy will grow 2.7% this year, before slowing to 2.4% in 2017. The news comes as the country’s manufacturing industry also maintained expansion. ... Read More »

Barcelona city proposes new tourist tax on ‘day trippers

BARCELONA: The city council of left-wing mayor Ada Colau is trying to find ways to increase its return on the millions of tourists who visit Barcelona each year even those who don’t spend the night in the Catalan capital. Barcelona councillor Gala Pin confirmed on Friday that the city was investigating a “tourist tax” that would apply to visitors who ... Read More »

Spain receives 12 mln int’l tourists in Q1

MADRID: Spain received a total of 12 million international tourists in the first quarter of the year, according to data published on Friday by Spain’s Statistical Office (INE). The figure is a 13.9-percent increase when compared with the same period of a year earlier. In March alone, the number of international visitors rose by 16.1 percent to 4.8 million. In ... Read More »