Archives for August 2011

August 31st, 2011

The number of entrepreneurs in Spain has fallen by 14.5% since the crisis began three years ago. Only Ireland (-18.8%) and Portugal (-16.1%) are ahead in self-employment losses, according to Eurostat. Since 2008, Spain has lost 486,600 self-employed workers, while the total lost in the EU was 231,800, making Spain one ...

Continue reading Two out of Three Self-Employed Lost Since 2008 in Europe are Spanish

August 31st, 2011

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, warned on Saturday that the global economy risks falling into a recession and called for urgent policy coordination. "Events this summer have shown that we are in a dangerous new phase," said Lagarde, in a meeting at the headquarters of ...

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August 30th, 2011

Human Resources departments are increasingly turning to social networks in search of candidates to recruit. According to the analysis of a career counselling firm specialising in Internet, 89% of companies are turning to social networks in their selection processes. According to a study in graphics carried out by Career Enlightenment, and ...

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August 30th, 2011

Minister for Labour and Immigration, Valeriano Gómez, said on Monday he expects unemployment figures for August to climb again after four months of decreases, albeit at a less pronounced rate than the same month last year. During an interview on radio station Cadena Ser, Gómez explained that, the month of August ...

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August 29th, 2011

More than 4,000 very low-intensity earthquakes (many with negative values on the Richter scale) have occurred on the Canary island of El Hierro since 17th July, according to the National Geographic Institute records. Speaking to Servimedia, researcher for the Higher Council for Scientific Research, Alicia Garcia, said that this does not ...

Continue reading El Hierro Registered More Than 4,000 Earth Tremors in 5 Weeks

August 26th, 2011

Spanish exports of fruits and vegetables fell 10% in value in June to 589 million euros, due to the consequences of the cucumber crisis, according to the Spanish Federation of Producers and Exporters of Fruits and Vegetables (Fepex), who lamented that the crisis had "ruined" the good performance of foreign ...

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August 26th, 2011

Low cost airlines transported more than 20.7 million passengers to Spain during the first seven months of the year, representing an increase of 15.5% over the same period in 2010. Up to July, Spanish airports handled nearly 36.5 million passengers, 57% of which were through flights operated by budget airlines while ...

Continue reading Budget Airlines Transport 15.5% More Passengers to Spain

August 25th, 2011

The city of Madrid has beaten "all records" receiving 8.12 million tourists in the past year, up 6.7% from a year ago. A total of 728,722 tourists visited the city of Madrid in July, and is "the highest figure ever recorded for the month of July," according to the City ...

Continue reading Madrid Sets Record with more than 8 Million Tourists

August 25th, 2011

Europe boasts 30 banks among the safest in the world in 2011, and features in the top ten, despite the sovereign debt crisis. Santander, BBVA and Banesto are among the 50 safest banks worldwide, according to the ranking by Global Finance magazine, which in their 2011 edition is headed by the ...

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August 24th, 2011

The Ministry of Agriculture and Fisheries, conscious of the need to protect fishery resources in coastal areas, has installed 25 artificial reefs off the Andalusian coast during the period between 1989 and 2011. These measures will help protect some 480 square kilometres of coastline thanks to a final investment figure of ...

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August 24th, 2011

Spanish provincial capitals have accumulated 8.1 unsold homes per 1,000 of their population, 2.2 times more than in March 2009, according to an Idealista.com report created using its database of properties and the last municipal census of 2010. Lugo is the province capital with the highest density of resale properties for ...

Continue reading Spanish Capitals Have 8.1 Unsold Flats Per 1,000 Inhabitants

August 23rd, 2011

In less than 10 days, the world’s biggest food fight will take place. So grab your diving mask, your waterproof camera and an old torn t-shirt and head for La Tomatina, taking place this year on August 31. Every year on the last Wednesday of August, the town of Buñol ...

Continue reading Valencia Gets Ready for La Tomatina

August 23rd, 2011

Following the Extraordinary Meeting of the Council of Ministers held on Friday, Government Spokesman and Minister of Development, José Blanco, announced that the Spanish Government has decided to reduce VAT from 8% to 4% on the purchase of new housing, temporarily, until December 31. According to Blanco, this measure aims to ...

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August 22nd, 2011

The Balearic Government is to impose fines of between 100 euros and 450,000 euros on vessels anchoring in an uncontrolled manner causing damage to the precious underwater meadows of posidonia oceanica (commonly known as Neptune Grass or Mediterranean Tapeweed), a seagrass species that is endemic to the Mediterranean Sea, and ...

Continue reading Balearics to Fine Yachts for Eco-Damage to Seabed

August 22nd, 2011

The halt in construction in Spain continues to hinder the whole euro zone sector with Spanish activity recording a decrease of 43.11% y-o-y in June, the highest among all countries in the euro zone and EU as a whole, which recorded declines of 11.3% and 8.1% respectively, according to data ...

Continue reading Spain Leads Construction Slow Down in the Euro Zone