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Business / Trade in Spain

  • Chinese property magnate to take 20% stake in Spanish football champions

    CHINA, 2015/01/22 Wang Jianlin, chairman of the Dalian Wanda property group, has agreed to buy a stake in Atletico Madrid football club, the new move by China’s second-richest man to build a world entertainment empire stretching from China’s rust belt to Hollywood. The transaction, worth €40m-€45m, is to be announced at a press conference in Beijing today, according to people close to the transaction. It will see Mr Wang’s Dalian Wanda Group take a 20 % stake in the reigning Spanish champions. Wanda in Beijing declined to comment.  

  • Spanish trade deficit in 2013 dropped by almost half,

    SPAIN, 2014/02/23

  • Spain's merchandise trade deficit

    SPAIN, 2013/09/21 Spain's merchandise trade deficit declined significantly in July, supported by strong increase in exports, data released by the Commerce Ministry showed Friday. Net trade for the month resulted in a deficit of EUR786.7 million, which was lower by 53.5 % than in the same month of 2012. Export of goods increased 1.3 % annually to EUR19.86 billion during the month, and reached the highest level since records began. Shipments to the non-Eurozone destinations advanced 8.2 %, while dispatches to the Eurozone decreased by 4.7 %.

  • Creation of holding companies in Spain: the advantages of the ETVE

    SPAIN, 2013/01/13 The Spanish ETVE is a holding company even additional advantageous than traditional Dutch and Luxembourgish holding companies. Dividends remitted to a Spanish holding company by foreign subsidiaries are exempt from taxation. Be aware that this kind of company takes chance of the majority attractive European tax system with an exemption on profits from foreign subsidiaries which may arise from the distribution of dividends or capital gains from the sale of investments.

  • The number of companies in Spain has increased

    SPAIN, 2013/01/13  The number of companies in Spain has increased last year in spite of the crisis. According to the new data by national statistics' institute Ine, 7,592 businesses were created until November, up 4.7% compared to the same month in 2011, the fifth consecutive increase in the last months of the year.

  • Chinese buy up madrid's tapas bars 2012-09-11

    SPAIN, 2012/09/11 更多     Capitalizing on spain's crisis, chinese buy up madrid's tapas bars  Lulu, a Chinese woman who years ago had a small bodega in Madrid, the kind that is open late and on weekends when everyone else is resting, is now the owner of a tapas bar. She started by selling beer for one euro in the street, something that is a little hard to imagine today, because now Pakistanis sell beer on the street. The Chinese, on the other hand, have taken chance of the Spanish crisis to buy up tapas bars.
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