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Spain’s vehicles production falls in 2017

MADRID:  The number of vehicles manufactured in Spain fell by 1.5 percent in 2017 when compared with 2016, according to data published on Wednesday by the Association of Car Manufacturers (ANFAC). ANFAC posted a total of 2,848,335 vehicles manufactured in 2017. The number of cars manufactured in 2017 stood at 2,243,220, which meant a 3 percent fall when compared with ... Read More »

Spanish olives with additional import duties

MADRID: Tuesday imposed additional import duties of up to 20 percent on ripe Spanish olives, saying they are sold at below fair value and harmed growers in California.This preliminary ruling is on top of duties imposed in November to offset the 2-7 percent subsidies Spanish exporters benefited from.The action is part of President Donald Trump’s aggressive defense of US trade ... Read More »

Credit rating in Spain raised as economy grows

MADRID: Spain’s credit rating was raised one level at Fitch Ratings, which said the country’s “buoyant” economic growth has helped reduce the government’s general deficit. The level is the highest that the country has been set at since 2012, at the height of the economic crisis. The Spanish economy is believed to have expanded by 0.4% in the last three ... Read More »

Complexity of Spanish exports

MADRID: Spain’s 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. The rise in the emerging economies over the past few years has therefore reduced the complexity of most advanced ... Read More »

Spain trade deficit rises 39.2 pct to November

MADRID: Spain’s trade deficit rose 39.2 percent January to November from a year earlier as imports, lifted by rising domestic demand and imported energy products, outstripped exports, the Economy Ministry said on Friday. The trade deficit in the first eleven months of the year was 22.7 billion euros ($27.9 billion) as exports rose 9.1 percent to a record 255.2 billion ... Read More »

Substantial price increases for Spanish imported vegetables

MADRID: The importers focusing on Spain are currently experiencing their peak season. Due to the cold and the limited water supplies, the quantities availability in some fruit areas is rather limited and the prices are rising accordingly. Therefore, wholesalers are looking for alternatives. The prices for Spanish vegetables are currently at a relatively high level, something which importers will confirm. ... Read More »

Spanish short sea scrap prices fall $12 Turkish deep sea market

MADRID: Prices for short-sea scrap imports arriving in Spain have fallen by €10 ($12) per tonne over the past week, which could lead to a dip in Turkish deep-sea import scrap prices, market sources told Metal Bulletin on Tuesday January 16. Weaker demand from Spanish mills has led to a fall in short-sea import prices for United Kingdom-origin HMS 1&2 ... Read More »

Spain regions concerned about impact of a hard Brexit

MADRID: Stalled investment, fewer tourists, and a drop in food industry exports these are just a few of the concerns Spain’s autonomous regions have about the potential economic impact of a hard Brexit. Around 40 regions from across Europe have analyzed how they would be potentially hurt by Britain’s exit from the European Union in a new study coordinated by ... Read More »

Spanish produce suppliers voice concern over Brexit amid dip in UK exports

MADRID: Spain’s export of fresh produce to the UK fell by 2% in both volume and value in the nine months to October 2017, according to new official data, despite an overall rise in the value of UK imports over the period. Spanish sector’s third largest export market after Germany and France, while Spain is the UK’s largest supplier. FEPEX, ... Read More »

Slight decline for Spanish fruit & veg exports to U.K.

MADRID: Spanish horticultural grower association Fepex shows the Iberian country’s fresh produce exports to the U.K. dropped 2% year-on-year to €1.38 billion between January and October. Fepex reported volume was down by the same rate of 2% at 1.18 million metric tons (MT). It is worth noting the pound was significantly weaker against the euin 2017, so for Spain’s average ... Read More »

Spain economic outlook improving

MADRID: Following the Catalan independence crisis, investors and commentators feared that the country’s political situation would impact the economy. Some even claimed that the crisis had cost the country’s economy €1 billion. However, growth predictions for the new year have now been revised up from 2.3%. During a conference to mark Spain’s Investor Day, Economy Minister Luis de Gundos said: ... Read More »

Morocco is Spain main supplier of fruits and vegetables in 2017

MADRID: Morocco consolidated its position as Spain’s main supplier of fruits and vegetables in 2017, with exports worth 462.3 million Euros until last October, said the Spanish Federation of Associations of Producers and Exporters of Fruits, Vegetables, Flowers and Live Plants (FEPEX). These imports from Morocco increase by 36% over the same period of 2016, FEPEX said in a statement, ... Read More »

Quality of Spanish fruit drives sales in Canada

MADRID: Exports from the Spanish agro food sector to Canada grew by 38.4% between January and September 2017, reaching 194.4 million Canadian dollars (151.6 million US dollars) thanks, in part, to the rising popularity of the fruit in this market, which has learned to appreciate its quality. The chief counsellor of the Economic and Commercial Office of Spain in Toronto, ... Read More »

Spain to hand out online poker liquidity licenses month

MADRID: Spain’s gaming regulator has officially approved local online poker operators sharing liquidity with their counterparts in three other European Union member states. On December 29, Spanish gaming regulator Dirección General de Ordenación del Juego (DGOJ) announced that it had signed a Resolution to authorize Spanish-licensed online poker licensees sharing liquidity with their counterparts in France, Italy and Portugal. The ... Read More »

Catalan crisis hurt Spain economy

independence crisis had cost the country “a billion” euros as fallout from the turmoil continued to hamper growth in the wealthy region. Mr Luis de Guindos said slowdown in growth in Catalonia, which accounts to about a fifth of Spain’s gross domestic product, was hampering the euro zone’s fourth-largest economy. Spain was plunged into its deepest political crisis in decades ... Read More »

Spain Morocco first trading partner in 2016

MADRID: Spain remained Morocco’s top trading partner in 2016 with trade turnover totaling $10.6 billion up from $9.3 billion in 2015, Morocco’s foreign exchange regulatory authority, L’Office des Changes said. Between 2015 and 2016, Morocco’s imports from Spain rose from $4.4 billion to $6.2 billion, while its exports to the country jumped from $4.2 billion to $5.1 billion. Morocco is ... Read More »

Spain will use drones to catch smugglers in Gibraltar and Andorra

MADRID: In recent times, Spain’s tax agency has lost up to a €1 billion a year to cigarette smuggling.  It has long been an issue in La Linea de la Concepción, a town on the border with Gibraltar where smugglers regularly take advantage of the British overseas territory’s lower cigarette prices. In tiny Andorra, as well as in the bordering ... Read More »

Spain economy grows by 3.1 pct in 2017 Bank of Spain

MADRID: Spain economy grew by 3.1 percent in 2017 as a whole, according to the last prediction published by the Bank of Spain on Wednesday in its quarterly report. The bank said the year would finish with a 3.1-percent economic growth, a 0.2-percent decrease on the 2016 figure, the institution reported. The Bank of Spain explained that domestic demand would ... Read More »

Spanish judge names macau as a tax haven for drug trafficking

MADRID: Macau is one of the places mentioned in an investigation headed by Spanish judge Pilar de Lara that aims to track down money from a Lugo (Galicia, Spain) drug trafficking criminal organization, the local newspaper El Progresso reported. According to the report, Spanish courts have managed to track and freeze several bank accounts used launder the profits from the ... Read More »

Global coffee cups market 2017 hot coffee UK Spain North America

MADRID: Global Coffee Cups Market Research gives the exhaustive affiliation between past and current market trends to predict future market values and tendencies of the Coffee Cups market. Coffee Cups Market by Type, Applications (Hot Coffee, Cold Coffee ), and Region (North America, China, Europe, Southeast Asia, Japan, India) – Global Forecast to 2022. The Coffee Cups market report starts ... Read More »