Archives for March 2012

March 30th, 2012

Minister of Industry, Energy and Tourism, José Manuel Soria, announced on Tuesday that electric bills will increase by approximately 5% to 7% from 1st April. Europa Press reported that Soria, in an interview with Antena 3, pointed out that this increase in electricity bills has been imposed by a Supreme Court ...

Continue reading Electricity Bills to Increase from April

March 30th, 2012

Second-hand house prices in Spain registered a decline of 3.4% quarter-on-quarter in the first three months of the year, according to the idealista.com real estate index. The price per square metre, which began the year at 2,084 euros, now stands at an average of 2,013 euros. El Economista reported that the ...

Continue reading Used House Prices Fall 3.4% in the First Quarter

March 29th, 2012

The company Iberia Express, a subsidiary of Iberia Airlines for short and medium haul flights, opened for business on Sunday disassociating themselves with the image of low cost airlines and defining themselves as the "best of Iberia" and "agile, dynamic and efficient." During the opening ceremony on the runway of T4 ...

Continue reading Iberia Express Takes Off

March 29th, 2012

Production in the Spanish construction sector registered a decline of 11.5% in January over the same month last year, higher than the fall of 1% experienced in the EU in January, according to figures provided by the EU statistical office Eurostat. According to the comparison statistics drawn up in Brussels, production ...

Continue reading Spanish Construction Rate Down

March 28th, 2012

The Ministry of Development and the CCOO and UGT unions have agreed on minimum nationwide transport services for tomorrow’s strike which are nearly equal to those of the general strike in September 2010, but they have introduced some new features like an increase in commuter rail services from 25% to ...

Continue reading Minimum Services Agreed for 29th March General Strike

March 27th, 2012

In 2016 the economic activity generated through the Internet is expected to amount to 5.3% of the combined gross domestic product (GDP) of all the member countries of the G-20, according to a study released last week by The Boston Consulting Group. In absolute terms, the network will contribute $4.2 trillion ...

Continue reading Internet Would be Fifth Largest Economy if it Were a Country

March 27th, 2012

The European Commission (EC) said on Monday they are "convinced" that Spain will meet its deficit reduction target (5.3% of GDP this year and 3% in 2013) and adopt the economic reforms necessary to achieve it. The Spanish Government is due to present its budget this Friday. “The European Commission is ...

Continue reading European Commission Optimistic Over Spain

March 26th, 2012

The number of foreign tourists arriving in Spain in the first two months of the year has increased by 2.7% over the same period last year, according to data released on Thursday by the Ministry of Industry, Energy and Tourism. The visits recorded totalled 5.58 million, with the largest percentage ...

Continue reading Spain Sees Increase in Foreign Tourists

March 26th, 2012

In an interview published on Thursday by the German newspaper Bild, the President of the European Central Bank (ECB), Mario Draghi, said he is convinced that the worst of the euro crisis is over, although he admitted that some risks still remain. "The situation has stabilised. The basic eurozone data, ...

Continue reading The Worst of the Crisis is Over, Says ECB President

March 23rd, 2012

According to data obtained in a rental study by the HomeAway Group, which specialises in holiday rental apartments, European tourists’ interest in Spanish regions which have no coast has increased by 20% compared to a year ago. Laura Rivera-Casares, sales manager of the group who conducted the study, explained that "although ...

Continue reading European Tourists Renting in ‘No Beach Spain’ Increase 20% in 2011

March 23rd, 2012

According to latest forecasts from The Economist, reported in Diario Sur, the Spanish economy will fall 1.4% this year and register zero growth in 2013, while the unemployment rate will climb to 23.3% this year and prices will rise by 1.9%. These estimates are slightly more optimistic than those of the ...

Continue reading Spain Economy Will Fall 1.4% This Year

March 22nd, 2012

The Commissioner for Agriculture, Dacian Ciolos, said on Tuesday that he is prepared to bring forward to October, direct aid payments to Spain from the Common Agricultural Policy (CAP) in order to alleviate the effects of the drought "if the situation warrants it" and providing all the required conditions are ...

Continue reading Brussels Ready to Advance Drought Payments to Spain

March 22nd, 2012

The managing director of the International Monetary Fund (IMF), Christine Lagarde, said on Sunday that the world economy has moved into the path of growth, thanks in part to the stabilisation in the eurozone and the United States. However, Lagarde warned that high levels of debt in developed economies and high ...

Continue reading IMF warns: “There is no room for political errors”

March 21st, 2012

The Spanish Constitution of 1812, known as ‘La Pepa’, was signed 200 years ago on 19th March. In the King’s speech on Monday, which closed with the official commemoration of the bicentennial of the Constitution of Cadiz in the Oratory of St. Philip Neri, the same place where he was proclaimed, ...

Continue reading King Juan Carlos Leads Bicentennial Celebrations in Cadiz

March 21st, 2012

Spanish holiday rental specialists, España Breaks, have produced a beautiful chart of what features of a holiday let property actually makes a difference to those renting them. Read the full story: The property features that drive up rental enquiries Biggest surprises? A hairdryer and an iron are not equally impressive. Satellite TV ...

Continue reading What holiday renters really want