Archives for December 2012

December 31st, 2012

According to the Tourist Expenditure Survey (EGATUR) drafted by the Institute for Tourism Studies of the Ministry of Industry, Energy and Tourism, inbound tourists to Spain spent a total of 52.83 billion euros between January and November 2012. This is an increase of 6% over the first eleven months of ...

Continue reading Inbound Tourists Spending up 6% Between January and November

December 31st, 2012

Kyero.com is now available in Korean Korean is the official language of both North and South Korea, and (along with Mandarin) of Yanbian Korean Autonomous Prefecture in Manchuria area of China. Worldwide, there are up to 80 million speakers of the Korean language. South Korea has around 50 million speakers while ...

Continue reading Welcome to Kyero in Korean (오신 것을 환영 합니다 Kyero)

December 31st, 2012

According to the latest figures released by the National Statistics Institute, the number of new mortgages on homes in October this year totalled 19,105, which is down 14.4% compared to the same month of 2011. With October’s year-on-year decline, home mortgages accumulated 30 consecutive months of declines. However, the decline ...

Continue reading Home Mortgages Fell 14.4% in October

December 28th, 2012

In a transaction set to take place on 31st December, Spain’s nationalised banks - Bankia, Novagalicia Banco, Catalunya Banc and Banco de Valencia – are to transfer to the asset management company for bank restructuring (Sareb) assets with a total value of 36,085 million euros. As the four entities have communicated ...

Continue reading Nationalised Banks to Transfer 36,085 Million Euros of Assets to ‘Bad Bank’

December 28th, 2012

Kyero.com is now available in Vietnamese Vietnamese is the official language of Vietnam. With an estimated 87.8 million inhabitants as of 2011, it is the world's 13th-most-populous country, and the eighth-most-populous Asian country. Its capital city has been Hanoi since the reunification of North and South Vietnam in 1976. This machine translated version ...

Continue reading Welcome to Kyero in Vietnamese (Chào mừng đến với Kyero tiếng)

December 28th, 2012

The twelve months Euribor, the indicator used to calculate mortgages, is expected to close 2012 at a record low, with an average rate of around 0.550%, the lowest in its ten year history. Although a couple of trading days remain, if the data is confirmed at the end of December, the ...

Continue reading Euribor Set to End Year Three Times Lower Than 2011

December 27th, 2012

According to a study carried out by the Organisation of Consumers and Users (OCU), 63% of Spanish workers and 44% of pensioners received less income this year than in 2011. Workers who are complaining that their wages are lower than those received in 2011, cite pay cuts and abolished bonuses ...

Continue reading Six in Ten Workers have Less Income than a Year Ago

December 27th, 2012

Kyero.com is now available in Indonesian Indonesian is the official language of Indonesia, the fourth most populous nation in the world. Indonesian (and Malay) is one of the most widely spoken languages in the world. Most Indonesians, aside from speaking the national language, are often fluent in another regional language (Javanese, Sundanese ...

Continue reading Welcome to Kyero in Indonesian (Selamat datang di Kyero)

December 27th, 2012

The Russian ambassador in Madrid, Yuri Korchagin, is convinced that if the Spanish Government provides residence in Spain to home buyers, it will open the way for his countrymen to acquire more properties in the country, which would help reduce the accumulated 'stock' of unsold homes. "Of course there would undoubtedly ...

Continue reading Spanish Residency Will Attract More Russian Home Buyers

December 26th, 2012

According to the latest Eurobarometer survey published by the European Commission, 98% of Spanish citizens believe that their country’s economic situation is "all bad", which places Spain among the most pessimistic countries of the European Union, only surpassed by Greece, where 99% of respondents also rated the state of the ...

Continue reading Spanish Pessimistic Over Economic Situation

December 26th, 2012

In a video posted on the official website of the European Council, the Council President, Herman Van Rompuy, said that "2012 marked the turning point" to exit the financial and economic crisis affecting the eurozone. Van Rompuy stated: "We are at the end of the year and it is time ...

Continue reading 2012 Marks “Turning Point” in Crisis, Says Van Rompuy

December 25th, 2012

La Marca España (Spain Brand) on Thursday launched their new website, seeking to enhance the country's image and its historical, cultural and professional heritage. Spain is the number one country in the world for performing most transplants per year, it is the second country with the highest number of properties on ...

Continue reading Spain Brand Launches Website

December 25th, 2012

According to the latest data from the survey of tourist border movements (Frontur) released on Friday, Spain received 55.1 million foreign tourists in the first eleven months of the year, which represents an increase of 2.9% over the same period in 2011. In November alone, three million foreign tourists visited ...

Continue reading Spain Received Over 55 Million Foreign Tourists to November

December 24th, 2012

The average amount town councils have spent on Christmas lighting this year has fallen by 21% compared to 2011, reaching 209,247 euros, ranging from 1.52 million euros in Madrid to 10,000 euros for León. According to a report prepared by the Association for Civil and Social Economic Rights (Adeces), this decrease ...

Continue reading Christmas Lights Spending Down 21% This Year

December 24th, 2012

In his speech last week in the Spanish Parliament to report on the results of the last two European summits, the Prime Minister, Mariano Rajoy, said that the ECB bank supervision is a "guarantee" for the financial system and that he considered that the new banking supervisory authority will make ...

Continue reading Rajoy Believes ECB Banking Supervisor Will Facilitate Loans to SMEs