Friday , January 19 2018
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Spain

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

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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

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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

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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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

spain

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

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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 »

Spain trade deficit rises 39.9 pct to October Econ Ministry

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MADRID: Spain’s trade deficit rose 39.9 percent January to October 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 ten months of the year was 21.1 billion euros ($25.0 billion) as exports rose 9.3 percent to 229.8 billion euros and ... Read More »

US agrees to exchange country by country tax reports with Spain

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MADRID: The US has signed a competent authority agreement with Spain to exchange country by country tax reports on multinational firms, the IRS announced December 20. The IRS also announced the effective dates of competent authority agreements the US signed with Malta and Guernsey. All three agreements bear an effective date of December 19, the IRS said. The scheme is ... Read More »

Spain redirects citrus objectives

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MADRID: Spanish citrus exporters are turning increasingly to Asian markets as growing competition from Morocco limits their window of opportunity in other non EU markets such as the US. Unlike Morocco and other competitors like Mexico, Chile and Peru, the US imposes a tariff on citrus imports from Spain, albeit at a rate of just €0.019 per kg, making Spain ... Read More »

Saudi Arabia bans cow imports from Spain

spain

MADRID: The ministry imposed the ban after the World Organisation for Animal Health confirmed a recent case of mad cow disease in Spain. The atypical type H form of bovine spongiform encephalopathy (BSE) commonly known as mad cow disease- was detected in a cow in El Sahugo, Salamanca, close to the Portuguese border. Another case of mad cow disease was ... Read More »

Police uncover new cocaine route to Spain,

spain

MADRID: Officers have arrested four people in Malaga and seized around 11 kilos of the narcotic under operation Banca Latvia, which discovered the organisation was smuggling cocaine through Morocco, a route not previously used. Working with police in Madrid, officers found the group were flying smugglers from Brazil to Morocco and then on to Spain using suitcases with false bottoms. ... Read More »

Police detain 96 illegal immigrants in Port of Spain

spain

MADRID: In a combined anti crime exercise involving police and several other agencies, 96 prohibited immigrants were detained after they were found to have entered the country illegally. Among them were 45 Venezuelans, 16 Guyanese, 10 Jamaicans, 9 Chinese, 7 Cubans, 3 Colombians, and one each from Italy, the Philippines, Nigeria, Ghana, Dominica and St. Vincent and the Grenadines. This ... Read More »