spanish government
April 5th, 2013
The average number of people registered with the Spanish Social Security system rose by 30,528 in March (up 0.19%). The total number of contributors to the system now stands at 16,181,275. Increases were posted in March by all regimes of the system except the Special Coal Workers' Regime. The State Secretary ...
Continue reading 16,181,275 Spanish Social Security Contributors Registered in March
March 22nd, 2013
The Spanish Minister of Economy and Competitiveness, Luis de Guindos, said last Friday that the Government will introduce changes in the Spanish legislation which regulates evictions, in order to comply fully with the recent judgement of the European Union Court of Justice. On his arrival at the eurozone heads of Economy ...
Continue reading De Guindos Vows to Fulfill EU Ruling on Anti-eviction Law
March 20th, 2013
The Spanish Government’s entire public administration debt increased by 20.1% in 2012 compared to the previous year, and amounted to 884,416 million euros, which is equivalent to 84.1% of the gross domestic product (GDP), and the highest level of the entire historical series. In 2011, this figure was 736,468 million ...
Continue reading Spanish Government Debt Hit a Record 84.1% of GDP in 2012
March 11th, 2013
Spain has risen to fourth place on the list of the world's most competitive countries for tourism, only behind Switzerland, Germany and Austria, thanks to its price competitiveness, customer experience and the official commitment of the sector. This is indicated in the biannual Travel & Tourism Competitiveness Report, published last ...
Continue reading Spain in World’s Top Ten for Tourism
March 7th, 2013
Earlier this week the European Commission called on Spain to limit the application of the reduced VAT rate and raise fuel taxes in order to reduce the deficit, in addition to continuing with the labour and pensions reforms, delaying the effective retirement age. These demands collide with the ideas defended ...
Continue reading Brussels Calls for More VAT Increases and Continued Reforms
February 11th, 2013
The European Commission and the European Central Bank (ECB) ruled last week that the financial reforms undertaken by Spain in exchange for the 40,000 billion euros bailout granted by the Eurogroup are maintaining a "good pace", but have called on the Government for "more progress" on fiscal consolidation and structural ...
Continue reading Brussels and ECB Call for “More Progress” on Fiscal Adjustment
January 24th, 2013
While the Spanish Government have highlighted the promoting of the ‘Spain Brand’ as a top priority, there are areas where much of the work has already been done. According to the annual tourism edition of the Country Brand Ranking report, prepared by Bloom Consulting, Spain is ranked second in the ...
Continue reading Spain Brand – Second in World Tourism Sector Ranking
January 4th, 2013
Unemployment figures from the Public Employment Services of all the regions in Spain for the month of December 2012 dropped by a combined total of 59,094 people in relation to the previous month. It is the best figure recorded for December in the comparable series, which began in 1996. In ...
Continue reading Registered Unemployment Down 59,094 in December
January 1st, 2013
Following the Spanish Government’s last Council of Ministers meeting of 2012, Prime Minister Mariano Rajoy took stock of his first year in Government, saying "we must persevere in the reforms we have undertaken", and asked for "comprehension and solidarity" from citizens in order to overcome the economic situation, and stressed ...
Continue reading Rajoy Optimistic Over Spain’s Future
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 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
December 10th, 2012
The total number of homes sold in the third quarter (75,642), reduces the rate of decline to 1.17% year-on-year, the lowest of the past seven quarters, according to the statistics of property transactions for the third quarter of 2012 released on Wednesday. Purchases by foreign residents increased by 18%. According to ...
Continue reading Home Resales Rise 1.7% in Third Quarter
December 7th, 2012
The number of people registered unemployed at the public employment services offices (formerly Inem) rose by 74,296 in November, an increase of 1.5% compared to October, which brought the total number of unemployed in Spain to 4,907,817, and marked a new record in the historical series. However, the Employment Ministry explained ...
Continue reading Unemployment Up 74,000 in November
December 5th, 2012
The procedure for receiving funds to be used on recapitalising the financial sector in Spain concluded on Monday with a formal request for 36.97 billion euros for the four nationalised entities (BFA-Bankia, Catalunya Banc, NCG Banco and Banco de Valencia), as well as 2.5 billion euros to be used as ...
Continue reading Spain Requests Funds for Bank Recapitalisation
November 28th, 2012
According to the latest forecasts from the Organisation for Economic Cooperation and Development (OECD), the Spanish economy will record a contraction of 1.3% in 2012 which will worsen next year to 1.4% as a result of the fiscal consolidation measures and the expected slowdown in the eurozone as a whole. ...
Continue reading OECD Predicts Tougher Times Ahead for Spain
