Articles tagged as: spanish government

April 11th, 2014

The International Monetary Fund (IMF) has improved its growth forecast for the Spanish economy in 2014 by three tenths more than their previous forecast, and by two tenths more in 2015, to 0.9% and 1% respectively, as published in their 'World Economic Outlook' report, which also notes a more positive ...

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April 3rd, 2014

According to data from the Ministry of Development, the number of building licenses granted for home reforms or restoration in Spain stood at 1,649 permits in January, which represents an increase of 7% compared to the same month of 2013, when 1,540 permits were issued. This is a positive start to ...

Continue reading Home Reforms Up 7% in January

March 31st, 2014

The Spanish Government’s Official State Bulletin published an Order on Wednesday, issued by the Minister of Development, Ana Pastor, to the effect that the Madrid-Barajas airport is to be renamed the Adolfo Suárez Airport Madrid-Barajas. In the Order, Pastor explains that the former Prime Minister, who died last week at the ...

Continue reading Madrid’s Airport Renamed to Honour Former Prime Minister

March 19th, 2014

The Vice-President of the Government, Soraya Sáenz de Santamaría, stressed that the tax reform proposal, drawn up by the committee of experts designated by the government, is not the government's draft bill, and said: "There will be issues on which the government is in agreement with, and others on which ...

Continue reading Spanish Government Receives Experts’ Report on Tax Reform

March 17th, 2014

At the presentation of the Strategic Framework for the Food and Drink Industry, held at Moncloa Palace last week, the President of the Spanish Government, Mariano Rajoy, stressed that the food industry is playing a key role in the cohesion of Spain’s whole society. He stated: "In Spain, thanks to ...

Continue reading Rajoy Praises Spain’s Agro-Food Sector

March 3rd, 2014

According to figures from the National Transplant Organisation (ONT), Spain has once again beaten its own record, performing 45 transplants in one day, from 16 donors, two of which were living donors. The ONT's records show that this new record was set on Thursday, 20th February. It is the highest figure ...

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February 27th, 2014

There are now more than eleven million empty homes in the European Union. Many were built in large tourist areas during the property boom before the financial crisis that erupted in 2008, and have never been occupied. Spain accounts for a large part of these vacant homes - 3.4 million. ...

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February 26th, 2014

Last week the Spanish Government approved the Law on Protection for Part-Time Workers. This law stems from the Royal Decree-Law 11/2013, of 2nd August. During the ratification process, the Minister for Employment and Social Security, Fátima Báñez, said that the new regulations will improve benefits for over 2.5 million people. ...

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February 24th, 2014

Speaking at the Government control session in Parliament last week, the President of the Spanish Government, Mariano Rajoy, said that the country’s proposed new tax system will be simpler than the current system, it will seek sufficiency "to enable the exercise of those powers attributed to the public authorities by ...

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February 5th, 2014

A total of 21,109 licences were issued for the reform or restoration of homes in Spain between January and November 2013, which represents a decrease of 2.2% compared to the same period in 2012 (21,593 permits), according to the latest Ministry of Development data. Thus, building permits for home renovations in ...

Continue reading Home Reforms Down 2.2% Year-on-Year

February 3rd, 2014

The Spanish Treasury Ministry and Public Administration Services together with the Ministry of Economic Affairs and Competition have set up, through the Official Credit Institute (Spanish acronym: ICO), a financing instrument for innovative SMEs entitled the 'ICO Technological Innovation Fund'. This new line of financing, with a provision of 323.6 million ...

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January 30th, 2014

The Spanish Government’s Council of Ministers have approved the fifth round of the Incentive Program for Efficient Vehicles (PIVE-5 Plan), worth some 175 million euros. The aim is to encourage the replacement of old vehicles by purchasing new, more efficient and safer cars in exchange for scrapping a car of ...

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January 3rd, 2014

The Spanish Government has established a temporary mechanism to calculate electricity prices to be paid by households in Spain in the first quarter of the year. The President of the Government, Mariano Rajoy, highlighted that the Royal Decree-Law approved by the Council of Ministers at the end of December, sets the ...

Continue reading Government Limits Electricity Price Rise to 2.3%

December 25th, 2013

A new law regulating the Sustainability Factor and Pension System Revaluation Index, was approved by the Spanish Government last week, and will come into force on 1st January 2014. The minimum and maximum annual revaluation levels were set at 0.25% and at the CPI plus 0.5% respectively. The sustainability factor ...

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December 12th, 2013

Between January and September of this year, 50,997 new home constructions were completed in Spain, representing a decrease of 42.5% compared to the same period in 2012, when 88,747 new homes were completed, according to the latest data from the Ministry of Development. The number of homes completed so far in ...

Continue reading New Home Completions Down 42.5% to September