Archives for January 2011

January 31st, 2011

In the space of a few days, two of Spain's saving banks have announced plans to list themselves on the stock market. La Caixa’s plan was approved on Thursday and is designed not only to meet Spain’s requirements but also to prepare the new bank for  stringent capital adequacy requirements.

Continue reading Zapatero: Caja Reform Will Bring Economic Stability and Jobs

January 28th, 2011

In what could be the beginning of a change in Spanish law, a judge in Navarra has ruled that the proceeds gained from the sale of a property repossessed by a bank should be sufficient to clear the former owner's debt. Under current Spanish law, mortgage lenders have the right to ...

Continue reading Court Rules “Repossessed Property Covers Excess Mortgage Debt”

January 28th, 2011

Fernando Alonso and Felipe Massa unvieled Ferrari's new car for the F1 2011 season, the "F150" was launched at the Italian team's headquarters in Maranello ahead of next week's pre-season testing in Spain. Alonso narrowly missed out on becoming world champion in 2010 and will hoping the the new car,

Continue reading Fernando Alonso Launches Ferrari’s New F1 Car

January 27th, 2011

Around 500 bar, restaurant and hotel owners in northern Spain closed their premises yesterday to protest against Spain's new anti-smoking law, which they argure is ruining businesses. In the first protest to take placer since the ban was introduced on January 2, owners took to the streets in the town of ...

Continue reading Bar and Hotel Owners Close Doors in Smoking Law Protest

January 27th, 2011

Spain's government and unions have said they are close to an agreement on pension reform, a move that will avert a second general strike in less than six months. In separate statements, the government said a preliminary agreement had been reached, while Comisiones Obreras, Spain's biggest union, said an

Continue reading Pension Age in Spain Will Rise to 67

January 26th, 2011

Film director Alex de la Iglesia said that he will resign as the president of the Spanish Film Academy in protest over a proposed new law against illegal Internet downloads he feels is inadequate. The 45-year-old, who is behind the 2008 English-language whodunit "The Oxford Murders", said he will step down ...

Continue reading Spanish Film Academy President Will Quit Over Download Law

January 26th, 2011

CatalunyaCaixa, one of the weakest of Spain's savings banks, has revealed that it holds 12.8 billion euros in outstanding loans with real estate developers, as well as foreclosed properties worth 3.73 billion. CatalunyaCaixa announcements is part of a complete disclosure by the "Cajas," who have been

Continue reading Cajas Begin to Announce Outstanding Debt

January 25th, 2011

A hotel in Madrid, called “Save the Beach hotel” and designed by a German artist, has been made out of 12 tons of rubbish found littering Europe's beaches to raise awareness of the destruction of coastlines and seas around the world. "The world is a hotel and so as a parable, ...

Continue reading “Rubbish Hotel” in Madrid Highlights Coastline Destruction

January 25th, 2011

Spain is beating its own deficit-reduction targets in the clearest sign to date that its reform efforts are paying off, the government said today. According to advance data from the finance ministry, the central government's 2010 budget deficit was equal to 5.1% of gross domestic product, ahead of its 5.9% target, ...

Continue reading Spanish Reform Measures Beating Targets

January 24th, 2011

A British couple have been given an eight month suspended sentence and ordered to demolish their Spanish villa for breaching planning regulations. David and Janet Hartshorn illegally built a large house on protected land near the Costa del Sol town of Torrox, a judge ruled.

Continue reading Couple Sentenced and Ordered to Demolish Villa in Torrox

January 21st, 2011

The new year has begun with an alarming number of produce robberies in the agricultural areas of Murcia, said the secretary general of ASAJA (Young farmer's Association) Murcia, Alfonso Gálvez Caravaca, who revealed that "since the beginning of January we have found that thefts of fruits and vegetables from our ...

Continue reading Spanish Farmers Hit By Increase in Crop Theft

January 20th, 2011

“Between now and the middle of April, I’d recommend everyone to be extremely careful of the poisonous Pine Processionary Caterpillars,” warns Jane Tadler. “At this time of year the ‘innocent-looking’ caterpillars are coming out of trees and, as their name suggests, form long processions looking for

Continue reading Alert Over Poisonous Pine Caterpillar Season

January 20th, 2011

Spain’s efforts to clamp down on fiscal fraud yielded a record 10 billion euros last year, underlining the determination of some of Europe’s financially crippled governments to chase tax evaders to help balance their budgets. The unexpected haul was 23 percent higher than in 2009 and equaled about 1 percent of ...

Continue reading Spanish Tax Evasion Crackdown a €10bn Success

January 19th, 2011

In response to the recent ruling in Spain over pre-printed boarding passes, Ryanair has issued a statement saying the Spanish commercial court’s decision is “bizarre and unlawful” and threatened to stop printing boarding passes altogether in Spain. Stephen McNamara, a Ryanair spokesman, said

Continue reading Ryanair Threatens to Stop Offering Boarding Pass Reissue in Spain

January 18th, 2011

Police in Madrid have dismantled what they called the "largest and most sophisticated cocaine laboratory in Europe" known to date and arrested 25 people, according to a statement released today. Anti-drug officers confiscated 300 kilograms of cocaine, 2 million euros in cash, 470 mobile phones as well as weapons and luxury ...

Continue reading Largest Cocaine Laboratory in Europe Dismantled in Madrid