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Spanish Foreign Aid to Focus on Providing Know-how, Experience Instead of Finances

Spain's secretary of state for International Cooperation and Ibero-America said in San Jose Friday that his country is revising its foreign aid programs to focus more on exchanging knowledge, know-how and experience and not just on providing funds. continue reading »

Spain’s Public Debt Rises to Record High $1.3 Trillion

Spain's public debt at the end of June rose to 942.8 billion euros ($1.3 trillion), equivalent to 92.2 percent of gross domestic product and a new record high, the Bank of Spain said Friday. continue reading »

Spanish PM Boasts of Economic Recovery at G-20 Summit

Spanish Prime Minister Mariano Rajoy arrived Thursday in St. Petersburg, Russia, where he plans to convey a message of confidence in Spain's economy to other leaders attending the G-20 Summit. continue reading »

Barcelona’s Lionel Messi Pays $6.6 Million in Back Taxes to Spain

FC Barcelona super-striker Lionel Messi and his father have paid 5 million euros ($6.6 million) in back taxes owed to Spanish authorities, the superior court for the Catalonia region said Wednesday. continue reading »

Good News for Spain: Unemployment Rate Drops to Yr 2000 Levels

The number of registered unemployed people in Spain fell to 4.69 million in August, dropping for the sixth straight month, the Employment and Social Security Ministry said Tuesday. continue reading »

Mariano Rajoy Says Tax Cuts, Economic Growth on the Horizon

Prime Minister Mariano Rajoy said Saturday his government would announce plans to cut taxes within a year and predicted that the Spanish economy was "on the cusp" of growth. continue reading »

Spain Forecasts Unemployment Will Fall Below 27.1 Percent in 2013

Spanish Economy Minister Luis de Guindos said the 2013 unemployment rate would come in below the 27.1 percent forecast in an economic stability program sent to Brussels in April, while also predicting the country would emerge from recession in the second half of the year. continue reading »

Spanish Tourism Up 3.9 Percent From Last Year

In the first seven months of this year, Spain welcomed 34 million international tourists, 3.9 percent more than during the same period in 2012 and a figure that sets a new record, according to data released here Thursday by the Industry, Energy and Tourism Ministry. continue reading »

Young Spaniards Forced to Emigrate Due to High Rate of Unemployment

The economic crisis Spain has suffered since 2008 has increased the number of young people emigrating to other countries by 41 percent, due to the lack of work prospects any time soon in a country with a jobless rate among the young of 56.14 percent. continue reading »

Exports of Spanish Wine Rise 7.74 Percent

Wine exports from northern Spain's Rioja region rose 7.74 percent in the first six months of this year, compared with the same period in 2012, totaling 47.7 million liters (12.6 million gallons), Rioja's DOCa wine quality regulation agency said. continue reading »

Spain’s Unemployment Rate Continues to Tick Downward

The number of officially registered job seekers in Spain fell in July by 64,866 people to a total of 4,698,814, the Employment and Social Security Ministry said Friday. continue reading »

Spain and China Look for Ways to Expand Economic, Financial Relationship

Spanish parliament speaker Jesus Posada and Chinese President Xi Jinping looked here Friday at ways to bolster bilateral relations. continue reading »

Rajoy Says Spanish Economy is Improving

Spain's economy "is getting better" and the proposals of former Prime Minister Jose Maria Aznar to reduce taxes will be heeded, Prime Minister Mariano Rajoy said Sunday. continue reading »

Spain’s Unemployment Rate Falls for Third Month in a Row

The number of registered unemployed people in Spain fell by 98,265, or 1.97 percent, to 4.89 million in May, marking the third straight month of declines, the Employment and Social Security Ministry said Tuesday. continue reading »

Spain Halts Town’s Plan to Grow Pot to Pay Off Debt

This small farming community in northeastern Spain cannot create a cannabis plantation to help pay off its 1.3 million euro ($1.7 million) municipal debt, a judge ruled Friday. Spain permits private consumption and cultivation of marijuana, which is used for medicinal purposes by some who suffer from chronic pain. continue reading »

Spain Records First Monthly Trade Surplus in History

Spain achieved in March its first monthly trade surplus since records have been kept, the country's economy minister said Tuesday. At a press conference after the meeting of European Union economy chiefs, Luis de Guindos said that once the calculations are complete, the surplus will come out to more than 600 million euros ($776.5 million). continue reading »

Spain Seized 40,000 Homes in 2012

Banks seized a total of 39,167 homes in Spain in 2012 as a result of foreclosure proceedings, according to a central bank survey of lenders published Friday. The Banco de EspaƱa study showed that in 83 percent of the cases the homes were primary dwellings. continue reading »

Spanish Business Leaders to Guide Small Firms Expanding Abroad

Spain's CEOE business confederation has created a corporation - CEOE Internacional - whose aim is to place at the disposal of small and medium businesses the means to do business abroad, something the organization considers necessary to help overcome the country's economic crisis, officials said. continue reading »

Spanish Economy Causing Less Concern Than a Year Ago, Says Finance Minister

Spanish Finance Minister Luis de Guindos said Saturday that the Iberian nation's economic situation is less worrisome to the IMF and G20 than it was a year ago. continue reading »

Spanish Group Predicts Job Growth in 2014

Spain will begin to see job growth in 2014, the leader of the Iberian nation's Business Council for Competitiveness, or CEC, said here Wednesday. continue reading »