Archives for February 2010

February 26th, 2010

According to a survey by the Association for Media Research, almost three quarters of Spanish Internet users now actively use social networks, with Facebook and Tuenti being the most popular. The study was compiled from a survey of 36,000 internet users

Continue reading Social Network Use Grows at Astounding Rate in Spain

February 26th, 2010

In his last practice day before the first Grand Prix of the season in Bahrain, on March the 14th, Fernando Alonso, with a low fuel and soft tyre setup, set some blistering times to top the time sheets in the morning session, with a best time of 1:20:614.

Continue reading Alonso Pipped By William’s Rookie in Barcelona Test

February 26th, 2010

Teresa Dosaigües, considered the oldest woman in Spain, died early yesterday morning at the age of 112 years at her residential home in Monterols, Reus. Born in 1898 in La Morera de Montsant, Teresa Dosaigües had lived through three different centuries and had just recently celebrated her 112th birthday on February ...

Continue reading Spain’s Oldest Woman Dies at the Age of 112

February 26th, 2010

The Bank of Spain is expected to increase the provisions it demands of Spanish lenders to cover property bought from struggling real estate developers. The central bank’s move would further dent bank profits already hit by economic recession, according to financial sources and bank analysts. In November, the central bank raised its ...

Continue reading Spanish Banks Face Higher Provisions

February 25th, 2010

According to forecasts by analysts, Telefonica, the Spanish telecommunications group, is expected to announce net profits tomorrow of nearly 8,000 million euros for 2009, representing an increase of 2.7% over last year's results. These results will include the devaluation of the bolivar in Venezuela which, as announced on the 5th of ...

Continue reading Huge Profits Forecasted for Telefonica

February 25th, 2010

A document issued from the Spanish presidency of the European Union to all member countries has called for discussion on various issues relating to the internet, including the 'blocking' of any pages that include child pornography, racist propaganda or that infringe

Continue reading Spain Requests EU Action on Illegal Web Content

February 25th, 2010

The Euribor, the main indicator used for calculating mortgages in Spain, has marked a new all time low. On the penultimate day of the month, the Euribor experienced a substantial drop to finish at 1,218%, from 1.226% the day before.

Continue reading Another All Time Low For the Euribor

February 25th, 2010

The Spanish State Meteorological Agency (AEMET) has today released a weather warning concerning a storm that is rapidly developing in the Atlantic and the Cantabrian Sea. The storm will result in "very strong winds" this weekend, with speeds of between 90 and 130 kilometres per hour expected,

Continue reading Weekend Storm Warnings for the Canaries and Cantabria

February 25th, 2010

Spanish consumers gaining confidence as consumption in Spanish households increases for the first time in two years According to the latest figures published by the Spanish National Institute of Statistics (INE) Spanish households have started to consume more. Consumption by Spanish households had been decreasing continuously since the beginning of the financial ...

Continue reading Spanish Consumers Want More

February 24th, 2010

With just a few hours before the first leg of the knockout stage of the Champions League game between CSKA Moscow and Sevilla, the Luzhniki Stadium thermometers are showing the temperature to be a few degrees above zero. According to the Russian

Continue reading Seville ‘Warm Up’ For CSKA Moscow Champions League Clash

February 24th, 2010

A politician for the PP (Popular Party) in Valencia, Ignacio Uriarte, today announced his resignation as a member of the Spanish parliament's Road Safety Committee, after being involved in a traffic accident last Friday where he was also found to have exceeded the legal alcohol

Continue reading Drunk Driving: Politician Resigns From Road Safety Committee

February 24th, 2010

Buyers in Spain could be able to secure 100% mortgages for the first time during the downturn thanks to a new developer-bank partnership. Customers buying from UK-based developer Almanzora Group will be able to apply for 100% loan-to-value finance through the Bank of Andalusia on properties with discounts of up to ...

Continue reading 100% Mortgages to Boost Spanish Property Market

February 23rd, 2010

The Virgin Racing F1 team has confirmed that the Spanish driver Andy Soucek, the current Formula 2 champion, will be their reserve driver for the upcoming 2010 Formula 1 season. Soucek, 24, who was previouly working with the troubled Spanish team

Continue reading Five Spanish Drivers Involved in 2010 F1 Season

February 23rd, 2010

The Archbishop of Toledo, Braulio Rodriguez, has removed the parish priest in the villages of Noez and Totanés from his duties, after he purportedly spent approximately 17,000 euros of parish funds on sexual content and in brothels. The priest, aged 27, took up the post in the

Continue reading Priest Dismissed For ‘Inappropriate’ Use of Church Funds

February 23rd, 2010

According to a study by the European Interactive Advertising Association (IALS), the number of hours that the average person spends connected to the internet in Spain now exceeds that spent watching television. The study, conducted in 15 European countries, reveals that people

Continue reading Spanish Internet Usage Overtakes TV Viewing