Articles tagged as: spain economy

September 22nd, 2014

According to data released last week by Spain’s Institute of Tourism, under the Ministry of Industry, Energy and Tourism, low cost airlines carried 22.4 million passengers in the first eight months of the year, representing an increase of 10.3% over the same period last year. Traditional airline companies, meanwhile, handled over ...

Continue reading Budget Airlines Carried 10.3% More Passengers to End of August

September 19th, 2014

According to the results of a study carried out by real estate search engine portal, Nuroa.es, which analysed everyday expenses in the major university cities in Spain, such as housing, public transport or menu of the day, it was revealed that Barcelona, Madrid and Valencia are the Spanish cities with ...

Continue reading Barcelona, Madrid and Valencia, Most Expensive Cities for Students

September 17th, 2014

Behind Italy and France, Spain is the European country which gives their children the highest allowances, according to the survey entitled ‘Financial Empowerment in the Digital Age 2014’ prepared by the ING Group, from 12,000 interviews with Europeans. According to the survey, 75% of Spanish parents give their children an allowance, ...

Continue reading Spain is Third European Country to Give Children Most Pocket Money

September 17th, 2014

According to statistics released by the Spanish Ministry of Development last week, home values fell by 2.9% year-on-year in the second quarter of 2014, to a price per square metre of 1,459.3 euros. This is the lowest recorded reduction since 2008, and all indications are that the discounts are coming ...

Continue reading Government Statistics Show House Prices Still Falling

September 16th, 2014

Provisional data published by the National Statistics Institute on Thursday last week indicated that home sales in Spain rose by 10.7% in July, over the same month of 2013, to a total of 28,583 transactions, driven by a surge in the second hand market. The year-on-year increase in July is the ...

Continue reading Home Sales Increased by 10.7% in July Year-on-Year

September 15th, 2014

According to the latest monthly IMIE house price index prepared by the property appraisal company, Tinsa, the price adjustment in the housing market appears to be coming to an end, but has left behind a trail of declines which has led to home values in August 2014 being 41.8% cheaper ...

Continue reading Housing Now Costs 41.8% Less Than in 2007

September 10th, 2014

El Prat de Llobregat airport in Barcelona, registered a record 4.2 million passengers in August, its highest figure to date, which exceeds the previous record of August 2013 by 8.6%. In addition, it beats the Adolfo Suárez Madrid-Barajas airport for a second time, which handled 3,990,993 passengers in August. According to ...

Continue reading Barcelona Airport Received Record 4.2 Million Passengers in August

September 9th, 2014

The European Commission statistics office, Eurostat, confirmed on Friday the stagnation of the gross domestic product (GDP) in the eurozone and the moderate growth of the economy of the European Union (EU) in the second quarter of the year. Eurostat’s consolidated data confirms their initial estimates, published in mid-August, and ...

Continue reading Eurozone Growth Stagnates in Second Quarter

September 8th, 2014

Kenny Jacobs, head of marketing for Ryanair, announced last week that the Irish airline plans to continue to expand in Spain, adding nine new routes from the Adolfo Suárez-Barajas de Madrid airport, five of which will be operational from November. They also announced their intention to increase the frequency of ...

Continue reading Ryanair Announces New Madrid Routes for Summer 2015

September 5th, 2014

Salary reductions, which have been imposed, in particular, in the European countries most affected by the crisis, are now showing their limits when it comes to improving competitiveness, and even run the risk of being counterproductive, according to the Organisation for Economic Co-operation and Development’s (OECD) annual report on employment. The ...

Continue reading Lowering Wages Counterproductive, Says OECD

September 4th, 2014

At the end of August, the number of unemployed people registered at the Public Employment Service offices stood at a total of 4,427,930, after registering an increase of 8,070 unemployed people in the month, the Ministry of Employment and Social Security reported earlier this week. This new rise in unemployment in ...

Continue reading Number of Unemployed Up 8,070 in August

September 2nd, 2014

Young drivers between 18 and 25 years of age pay an average of 1,298 euros for their car insurance, which is 101.5% more than drivers between 26 and 35 years old, who pay on average 634 euros, and 145% more than an insured between 36 and 50 years of age, ...

Continue reading Young Drivers Pay High Premiums for Car Insurance

September 1st, 2014

Spending by international tourists in Spain registered a new record through to the end of July, reaching 34,497 million euros, which represents an increase of 7% over the same period in 2013, according to figures from the latest Egatur tourism expenditure survey prepared for the Ministry of Industry, Energy and ...

Continue reading International Tourists Spent Record 34,497 Million Euros to July

September 1st, 2014

In mid-July the Spanish Government approved a housing plan, with an allocated budget of 2,311 million euros up to 2016, which is focused entirely on the promotion of rental housing, restoration and energy efficiency. The construction sector’s participation in the field of restoration in Spain only reaches 28% of the total ...

Continue reading Spanish Government to Provide Grants for Housing Reforms

August 29th, 2014

The Benidorm City Council said in a statement earlier this week that, according to a study recently published by the British newspaper the Daily Mail, Benidorm is the fastest growing holiday destination in August among UK tourists, ahead of other destinations such as Marbella, Tenerife or Magaluf. The report was prepared ...

Continue reading Benidorm is Favourite Destination in August for UK tourists