• Madrid Wins Big in Spanish Xmas Lottery Draw

    The first prize in the annual Christmas lottery, known as El Gordo (the fat one), amounting to three million euros has been won by the number 78,294 and was sold in the city of Madrid. The second prize of one …

    Read more
  • €270,000 Contributed to Help Former Mayor Pay Bail

    After a judge set bail of half a million euros yesterday for the former mayor of Santa Coloma de Gramenet, friends and relatives of Bartomeu Munoz have raised more than half the required amount, 270,000 euros. Munoz is one of …

    Read more
  • Part time workers to pay Social Security

    The government aims to banish the current rules which state that workers are exempt from the obligation to contribute to Social Security if the duration of their work is less than 72 hours per month. With the new rules, employers …

    Read more
  • Signs of Recovery in Spanish Motor Industry

    The production of vehicles in Spanish based plants rose to 218,128 units during the month of November, representing an increase of 34.5% over the same month in 2008, as reported by the Spanish Association of Automobile Manufacturers (ANFAC). In the …

    Read more
  • Spanish Property Prices Too High for the Young

    A Spanish couple needs to earn 31,266 euros per year (2,695 euros per month) to buy a home, which is more than double (+107.86%) the average salary of around €15,000. This is the main conclusion in a report produced by …

    Read more
  • Spanish Banks Prefer ‘No Sale’ Above Paper Loss

    A compelling tale of how Spanish banks refuse to acknowledge the true value of the repossessed properties on their books in an attempt to maintain the paper value of their business. It is always reassuring for a writer when first …

    Read more
  • Spanish Property Prices Down 8%

    Spain is, along with Denmark and Ireland, one of only three European countries that still have not registered any quarterly rise in housing prices since the start of the credit crunch, according to the world price index from property consultants …

    Read more
  • Spain on Weather Alert

    The nine Spanish provinces of La Rioja, Navarra, Burgos, León, Palencia, Soria, Huesca, Zaragoza and Teruel are on alert for the “high risk” of snow, according to the State Meteorological Agency (AEMET). However, the AEMET announced that the heavy snowfalls …

    Read more
  • More Spanish Smokers … Smoking Less

    One in three Spanish (31.5%), aged over 16 years, admits having smoked in the past year, either regularly or occasionally, according to provisional data from the European Health Survey published in Spain’s National Statistics Institute (INE). This reflects a “slight …

    Read more
  • Marriage Break-ups Increasing in Spain

    According to a report by the Spanish Institute for Family Policy, every day there are 333 broken marriages in Spai , making the total number of break-ups for the first nine months of this year 89,883 . This total includes …

    Read more
  • Corruption Scandal Mayor Released on Bail

    The national court judge Baltasar Garzon has set a bail of 500,000 euros for the former mayor of Santa Coloma de Gramenet (Barcelona), Bartomeu Munoz, accused in the urban corruption scandal known as “operation Pretoria”. According to his lawyer however, …

    Read more
  • Promised Improvement in Access to Loans for SME’s

    The Second Deputy Prime Minister and Spanish Minister of Finance, Elena Salgado, said today that businesses will begin to see “some improvement” in the granting of loans. Salgado was speaking at a ceremony in which the Official Credit Institute (ICO) …

    Read more
  • Unemployment Benefit to be paid after only 4 Months work

    About 400,000 workers in Spain on permanent contracts will have access to intermittent unemployment benefits without having to have contributed at least six months social security, in an amendment to made to the Employment Act tomorrow that will reduce the …

    Read more
  • Real Signs of Recovery from Recession in Spain

    Prices rose a half point in November and confirm the emergence of signs of recovery after eight consecutive months of decline that has placed Spain in a period of recession. This finding was confirmed by the National Statistics Institute (INE) …

    Read more
  • An Improving Spanish Property Market

    Spanish home sales totaled 106,273 in the third quarter of 2009, while this is 13.6% less than the same period last year, it does represent the smallest decline in a quarter since sales began plummeting in mid 2007. Meanwhile, second-hand …

    Read more