Economy

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Spain and Mexico: 40 years of diplomatic relations

Stronger relations with Mexico for the Government of Spain and Spanish multinationals mean greater investment and more business contracts.

www.hellospain.cn is a website written in Mandarin to promote Spain as a tourist destination among Chinese outbound travellers.

A site written in Mandarin, www.hellospain.cn, has been launched to strengthen Spain’s position as a travel destination in China. The timing is perfect, as flights on the Spain-China route are being increased as a result of growing demand from leisure and business travellers.

Wine tourism in Spain rises by 21%

In 2016, the wineries in Wine Routes of Spain welcomed 2,714,409 visitors – 471,469 more than the previous year, says the annual report published by Spanish Wine Cities Association.

International tourists spend more in Spain

International visitors to Spain spent 13,655 million euro in the first quarter of 2017 – 13.2% more than in Q1 2016. Their average daily expenses amounted to 141 euro, 7.1% more than in March 2016.

Foreign investment grows by 22% in Spain

In 2016, foreign direct investment rose to 28,821 million from 23,283 million euro, placing Spain among the top eight OECD countries.

Spanish fashion industry: more than 400 million euro

According to ‘Spanish Fashion Design in Figures’, a report by the Spanish Fashion Designers’ Association, the sector accounts for 5600 jobs in Spain.

Spain, international leader in business tourism

Spain occupies the fourth position worldwide for the number of business events held in the country, 572 in 2015, which generated a revenue of over 5 billion euros.

The world says ‘I do’ to Spanish bridal fashion

With the production of over 750,000 wedding dresses per year, Spain is the world’s second-ranked country when it comes to exporting bridal fashion.

Spain attracts foreign investment worth 6000 million euro in first month of 2017

According to Baker McKenzie, the world’s largest law firm, Spain is seeing good levels of foreign investment. By the end of this year, our country could add 29,000 million euro in mergers and acquisitions.

Spanish language, a priceless economic and commercial treasure

Fundación Telefónica gives a new boost to research into the economic value of the Spanish language after realising that our language multiplies international trade between Spanish-speaking countries fourfold. Moreover, our language accounts for 16% of the GDP (164,000 million euro) and has a significant impact on employment (3.5 million jobs).

Gran Canaria Airport. Photo: AENA.

The airports controlled by AENA saw 230.3 million traveller arrivals or departures in 2016, 11% more than the previous year. This increase in the number of passengers (20 million more than the 2007 record high) confirms the upward trend of the Spanish tourism industry.

Spain grows as a travel destination in Asian markets

The International Tourism Trade Fair, FITUR, was the event chosen to disclose the results of the 1st Report on Asian Tourism, prepared by Casa Asia. According to this report, Asian markets have a huge growth potential: 17 million tourists a year, totalling 355 million by 2020.

FITUR, the International Tourism Trade Fair organised by IFEMA (18 to 22 January), finished with a record number of visitors: 245,000. Photo: EFE/Javier Lizón. (EFE)

FITUR, the International Tourism Trade Fair held at IFEMA from 18 to 22 January 2017, scored a new record high in the number of visitors: 245,000, 6% more than in the previous edition.

Foreign companies strengthen their investments in Spain

95% of foreign companies are to increase or maintain their investments in Spain in 2017, according to a report drawn up by ICEX-Invest in Spain, Multinacionales por Marca España (Foreign Multinationals for the Spain Brand) and the IESE Business School.

Spain strengthens its position as investment destination

The 7th Spain Investors Day (SID) attracted 39 national and more than 160 international investors, who discussed the investment opportunities in our country.

Spanish exports hit new record high

From January to October 2016, sales abroad totalled 210,292 million euro, that is, 0.9% more than in the first ten months of 2015. Meanwhile, the trade deficit fell to 15,060 million (-26.6%), its second best performance since 1997.

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