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Jan 10, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Spain GDP

Spain to welcome back international cruises from June 7
World

Spain to welcome back international cruises from June 7

  • Spain's maritime authorities approved the reopening because of falling COVID-19 incidence rates and an increase in vaccinations.
  • "Shipping companies will have to comply with measures established by the health ministry ... to guarantee total security, both for cruise passengers and for the cities where they land."
Published 29 May, 2021 07:51pm
Spain ups 2021 deficit target, looks to avoid austerity in coming years
World

Spain ups 2021 deficit target, looks to avoid austerity in coming years

  • Spain upped this year's budget deficit estimate from an initial 7.7%, but at 8.4% it would still be an improvement on 2020's 11-year high of 11%, after the economy shrank in the first quarter due to COVID-19 restrictions.
  • The gap should further narrow in 2022 to 5%, then 4% in 2023 and finally to 3.2% in 2024, she said, meaning that Spain does not plan to meet the 3% threshold earlier than 2025.
Published 30 Apr, 2021 06:03pm
Spain hopes tourism can rebound as Germans return to Mallorca
World

Spain hopes tourism can rebound as Germans return to Mallorca

  • International tourism to Spain plunged 80% to 19 million visitors last year - the lowest since 1969 - as coronavirus travel restrictions took their toll on the world's second most visited country.
  • "Maybe the ideal goal is ... to get half of the tourists we had in 2019," Tourism Minister Reyes Maroto told an event held by Europa Press news agency.
Published 22 Mar, 2021 08:09pm
Spain approves 11bn-euro aid package for pandemic-hit companies
World

Spain approves 11bn-euro aid package for pandemic-hit companies

  • The package will also include 3 billion euros to be implemented through voluntary debt restructurings of state-backed loans granted by banks to companies hit by the pandemic - many of them in the key tourism sector - and 1 billion euros will come in the form of capital injections.
  • The duration and the economic impact of the pandemic increase the risk of over-indebtedness ... By acting at the right moment we will avoid greater costs in the future.
Published 12 Mar, 2021 06:35pm
Spanish house sales tumble in 2020 amid pandemic
World

Spanish house sales tumble in 2020 amid pandemic

  • Once the confinement began winding down, house sales grew," said a spokeswoman for online property portal Fotocasa on Monday.
  • The Balearic and Canary Islands, two archipelagos favoured by tourists and international investors, respectively lost 20% and 17% of their house sales volume in 2020.
Published 15 Feb, 2021 07:28pm
Spain's recovering COVID-19 patients must wait six months for vaccine
World

Spain's recovering COVID-19 patients must wait six months for vaccine

  • The measure, which appears to be unique in Europe, will apply to the three vaccines currently being distributed in Spain and is provisional pending further research.
  • People older than 55 or those with health risks that make them more vulnerable to reinfection will be exempted from the delay.
Published 10 Feb, 2021 05:55pm
Spain to start reducing debt-to-GDP ratio in 2021
World

Spain to start reducing debt-to-GDP ratio in 2021

  • Already in 2021 we expect that, thanks to the strong growth, we will be able to start reducing our deficit and our debt-to-GDP ratio.
  • The budget deficit is likely to have reached the equivalent of 11.3% of GDP in 2020, a government forecast.
Published 14 Jan, 2021 07:00pm