• Two out of Three Self-Employed Lost Since 2008 in Europe are Spanish

    The number of entrepreneurs in Spain has fallen by 14.5% since the crisis began three years ago. Only Ireland (-18.8%) and Portugal (-16.1%) are ahead in self-employment losses, according to Eurostat. Since 2008, Spain has lost 486,600 self-employed workers, while …

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  • IMF’s Lagarde Warns of Recession in Global Economy

    The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, warned on Saturday that the global economy risks falling into a recession and called for urgent policy coordination. “Events this summer have shown that we are in a dangerous …

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  • 89% of Companies Search for Employees on Social Networks

    Human Resources departments are increasingly turning to social networks in search of candidates to recruit. According to the analysis of a career counselling firm specialising in Internet, 89% of companies are turning to social networks in their selection processes. According …

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  • Gómez Expects Unemployment to Increase in August

    Minister for Labour and Immigration, Valeriano Gómez, said on Monday he expects unemployment figures for August to climb again after four months of decreases, albeit at a less pronounced rate than the same month last year. During an interview on …

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  • El Hierro Registered More Than 4,000 Earth Tremors in 5 Weeks

    More than 4,000 very low-intensity earthquakes (many with negative values on the Richter scale) have occurred on the Canary island of El Hierro since 17th July, according to the National Geographic Institute records. Speaking to Servimedia, researcher for the Higher …

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  • Cucumber Crisis Causes 10% Drop in Exports in June

    Spanish exports of fruits and vegetables fell 10% in value in June to 589 million euros, due to the consequences of the cucumber crisis, according to the Spanish Federation of Producers and Exporters of Fruits and Vegetables (Fepex), who lamented …

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  • Budget Airlines Transport 15.5% More Passengers to Spain

    Low cost airlines transported more than 20.7 million passengers to Spain during the first seven months of the year, representing an increase of 15.5% over the same period in 2010. Up to July, Spanish airports handled nearly 36.5 million passengers, …

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  • Madrid Sets Record with more than 8 Million Tourists

    The city of Madrid has beaten “all records” receiving 8.12 million tourists in the past year, up 6.7% from a year ago. A total of 728,722 tourists visited the city of Madrid in July, and is “the highest figure ever …

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  • Santander, BBVA and Banesto Rank Among the 50 Safest Banks

    Europe boasts 30 banks among the safest in the world in 2011, and features in the top ten, despite the sovereign debt crisis. Santander, BBVA and Banesto are among the 50 safest banks worldwide, according to the ranking by Global …

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  • Andalusia Gets 25 Artificial Reefs

    The Ministry of Agriculture and Fisheries, conscious of the need to protect fishery resources in coastal areas, has installed 25 artificial reefs off the Andalusian coast during the period between 1989 and 2011. These measures will help protect some 480 …

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  • Spanish Capitals Have 8.1 Unsold Flats Per 1,000 Inhabitants

    Spanish provincial capitals have accumulated 8.1 unsold homes per 1,000 of their population, 2.2 times more than in March 2009, according to an Idealista.com report created using its database of properties and the last municipal census of 2010. Lugo is …

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  • Valencia Gets Ready for La Tomatina

    In less than 10 days, the world’s biggest food fight will take place. So grab your diving mask, your waterproof camera and an old torn t-shirt and head for La Tomatina, taking place this year on August 31. Every year …

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  • Spanish Government Lowers VAT on New Homes

    Following the Extraordinary Meeting of the Council of Ministers held on Friday, Government Spokesman and Minister of Development, José Blanco, announced that the Spanish Government has decided to reduce VAT from 8% to 4% on the purchase of new housing, …

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  • Balearics to Fine Yachts for Eco-Damage to Seabed

    The Balearic Government is to impose fines of between 100 euros and 450,000 euros on vessels anchoring in an uncontrolled manner causing damage to the precious underwater meadows of posidonia oceanica (commonly known as Neptune Grass or Mediterranean Tapeweed), a …

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  • Spain Leads Construction Slow Down in the Euro Zone

    The halt in construction in Spain continues to hinder the whole euro zone sector with Spanish activity recording a decrease of 43.11% y-o-y in June, the highest among all countries in the euro zone and EU as a whole, which …

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