Archives for August 2012

August 31st, 2012

According to the conclusions of a recent survey carried out by Manpower recruitment agency, conducted among 9,000 candidates who contacted their network of offices to find a job, 30% of the Spanish unemployed would not accept a job with a monthly salary of less than 1,000 euros. The survey also reveals ...

Continue reading 30% of Unemployed Reject Jobs with Salary less than 1,000 Euros

August 31st, 2012

According to the advance indicators of the evolution of prices in Spain, published yesterday by the National Statistics Institute, the Consumer Price Index (CPI) climbed five tenths in August, bringing its annual rate to 2.7%, mainly due to the rising price of fuels and lubricants. Thus, the annual CPI marked two ...

Continue reading Rising Fuel Prices Spark Five Tenths Increase in August CPI, to 2.7%

August 30th, 2012

The National Statistics Institute has revised downward the growth of Spain last year. Instead of advancing by 0.7% as calculated initially, it grew by 0.4%, i.e. three tenths less. This is stated in the Institute’s publication of the National Accounts of Spain estimate, updating the accounting series 2008-2011. The National Statistics ...

Continue reading Spain Lowers 2011 Growth and Places GDP Growth at 0.4%

August 30th, 2012

The President of the Government, Mariano Rajoy, met at Moncloa Palace with the President of the European Council, Herman Van Rompuy, to analyse the situation of the European Union and the Eurozone, as well as the measures that the Spanish Government has implemented to reduce the public deficit and meet ...

Continue reading “No going back on the Euro or European integration”, says Rajoy

August 29th, 2012

International tourists visiting Spain spent 31,159 million euros between January and July 2012, which is an increase of 6.4% year-on-year. The average expenditure per tourist rose 4.3%, and the average daily expenditure rose by 3.6% in the month of July. The average expenditure also show increases in the period, of 2.9% ...

Continue reading International Tourists’ Spending Up

August 29th, 2012

The number of new mortgages on homes totalled 24,321 in June this year, which is a drop of 25.2% from the same month of 2011, according to figures released by the National Statistics Institute on Monday. The explanation: people who need a house but can not gain access to a loan ...

Continue reading Home Mortgages Fell 25.2% in June

August 28th, 2012

Through the Biodiversity Foundation, the Ministry of Agriculture, Food and Environmental Affairs (Spanish acronym: MAGRAMA) has launched a summer campaign to foster the involvement of beach bars in Spanish beach conservation. By adopting a Code of Best Practices and obtaining a mark of distinction (or badge), these popular beach-side establishments can ...

Continue reading Spain’s Beach Bars get Involved in Coastal Conservation

August 28th, 2012

Up to 221,188 people were affected in the first half of the year by the Government labour reform (ERE), with termination or temporary suspension, or by having to adopt a reduction in their working hours, a 48.6% increase over the same period of 2011. The number of affected in June ...

Continue reading Workers Affected by ERE Increased by 48.6% to June

August 27th, 2012

According to the technical report of the Canaries inter-island council, the losses caused by the fire, that is still active in La Gomera, amount to more than 71 million euros. This document, prepared by the council and the four municipalities affected by the fires, said that the amount necessary to ...

Continue reading La Gomera Counts the Cost of Forest Fire Damage

August 27th, 2012

Deutsche Bank recorded a 40.5% default rate, at the end of June, on loans to the Spanish property sector, according to a report from the entity sent to the National Securities Market Commission (CNMV). Between January and June, the German bank registered 436.4 million euros in loans for construction and real ...

Continue reading Deutsche Bank Recorded 40.5% Defaults on Spanish Property Loans

August 24th, 2012

European Commission Vice President and head of Economic and Monetary Affairs, Olli Rehn, has said that the Bank of Spain will control "the future participation of Spanish banks in real estate" and that “separating the financial sector from the real estate sector is one of fundamental objectives of the Memorandum ...

Continue reading “Bank of Spain will control Spanish banks’ participation in real estate”, says Rehn

August 23rd, 2012

According to a recent European survey conducted by ING, 73% of Spanish citizens are 'concerned' or 'very concerned' over the possibility that they will not have enough resources to retire. This is the highest rate recorded in the EU, ahead of the Italians (65%) and the French (63%). The Dutch group ...

Continue reading 73% of Spanish Worried About Retirement

August 23rd, 2012

In July this year, Spain received 7.7 million international tourists, representing an increase of 4.4% over the same month last year, or 328,000 more people. According to the Survey of Tourist Border Movements (Frontur) prepared by the Ministry of Industry, Energy and Tourism, these figures mark an all-time high in the ...

Continue reading Spain Receives Record Tourists in July

August 22nd, 2012

Average house rental prices in Spain experienced a drop in July of 3.1% year-on-year, which adds up to 53 months with continued declines, while also recording their first monthly growth (+0.8%) since January, to stand at 7.56 euros per square metre. According to data analysed by the digital portal Fotocasa.es, on ...

Continue reading House Rental Prices Fell by 3.1% Year-on-Year in July

August 22nd, 2012

The Spanish Social Security gained 4,412 foreign contributors in July, an increase of 0.25% over the previous month, putting the number of foreigners in employment at 1,764,932, the Ministry of Employment and Social Security reported yesterday, and attributed the increase in foreign workers to agriculture and the tourist season. However, according ...

Continue reading Social Security Gains 4,412 Foreign Affiliates in July