Economy

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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.

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.

FITUR 2017: Spanish tourism industry in its prime

FITUR, the International Tourism Trade Fair being held at IFEMA from 18 to 22 January 2017, is taking place right when the Spanish tourism industry is going through an excellent moment, accounting for 11% of the GDP and 13% of employment in the country.

In 2015, international markets accounted for 15% of the total Spanish nougat and marzipan sales

Spanish ‘turrón’ and marzipan are much appreciated in international markets. 15% of our Christmas sweets are sold abroad.

Spanish cava is the second best-selling sparkling wine in the world, behind French champagne. However, it is the fizz with the highest exports

Spanish cava is the second best-selling sparkling wine in the whole world behind champagne, which it beats in terms of exports.

Shopping tourism: a segment with a huge potential

Shopping Tourism & Economy Summit Madrid 2016 is the only European event focusing solely on shopping tourism. Recently held, it brought out the segment’s potential in Spain.

Spain’s ports play a vital role in fresh produce exports from Spain

The fruit and vegetable sector is a token of Spain’s exporting capacity as a result of the partnership with Puertos del Estado. The traffic of fruit and vegetables transported from Spanish ports grew by 3% between January and July 2016, confirming that Spain is a world leader in fresh produce exports.

Spain seeks to boost trade with Argentina

The banks Instituto de Crédito Oficial (ICO) and Banco de Inversión y Comercio Exterior (BICE) have signed a cooperation agreement to boost investment by Spanish businesses in Argentina, co-finance projects and share banking information and best practices.

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