• Electricity Bills to Increase from April

    Minister of Industry, Energy and Tourism, José Manuel Soria, announced on Tuesday that electric bills will increase by approximately 5% to 7% from 1st April. Europa Press reported that Soria, in an interview with Antena 3, pointed out that this …

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  • Used House Prices Fall 3.4% in the First Quarter

    Second-hand house prices in Spain registered a decline of 3.4% quarter-on-quarter in the first three months of the year, according to the idealista.com real estate index. The price per square metre, which began the year at 2,084 euros, now stands …

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  • Iberia Express Takes Off

    The company Iberia Express, a subsidiary of Iberia Airlines for short and medium haul flights, opened for business on Sunday disassociating themselves with the image of low cost airlines and defining themselves as the “best of Iberia” and “agile, dynamic …

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  • Spanish Construction Rate Down

    Production in the Spanish construction sector registered a decline of 11.5% in January over the same month last year, higher than the fall of 1% experienced in the EU in January, according to figures provided by the EU statistical office …

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  • Minimum Services Agreed for 29th March General Strike

    The Ministry of Development and the CCOO and UGT unions have agreed on minimum nationwide transport services for tomorrow’s strike which are nearly equal to those of the general strike in September 2010, but they have introduced some new features …

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  • Internet Would be Fifth Largest Economy if it Were a Country

    In 2016 the economic activity generated through the Internet is expected to amount to 5.3% of the combined gross domestic product (GDP) of all the member countries of the G-20, according to a study released last week by The Boston …

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  • European Commission Optimistic Over Spain

    The European Commission (EC) said on Monday they are “convinced” that Spain will meet its deficit reduction target (5.3% of GDP this year and 3% in 2013) and adopt the economic reforms necessary to achieve it. The Spanish Government is …

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  • Spain Sees Increase in Foreign Tourists

    The number of foreign tourists arriving in Spain in the first two months of the year has increased by 2.7% over the same period last year, according to data released on Thursday by the Ministry of Industry, Energy and Tourism. …

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  • The Worst of the Crisis is Over, Says ECB President

    In an interview published on Thursday by the German newspaper Bild, the President of the European Central Bank (ECB), Mario Draghi, said he is convinced that the worst of the euro crisis is over, although he admitted that some risks …

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  • European Tourists Renting in ‘No Beach Spain’ Increase 20% in 2011

    According to data obtained in a rental study by the HomeAway Group, which specialises in holiday rental apartments, European tourists’ interest in Spanish regions which have no coast has increased by 20% compared to a year ago. Laura Rivera-Casares, sales …

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  • Spain Economy Will Fall 1.4% This Year

    According to latest forecasts from The Economist, reported in Diario Sur, the Spanish economy will fall 1.4% this year and register zero growth in 2013, while the unemployment rate will climb to 23.3% this year and prices will rise by …

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  • Brussels Ready to Advance Drought Payments to Spain

    The Commissioner for Agriculture, Dacian Ciolos, said on Tuesday that he is prepared to bring forward to October, direct aid payments to Spain from the Common Agricultural Policy (CAP) in order to alleviate the effects of the drought “if the …

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  • IMF warns: “There is no room for political errors”

    The managing director of the International Monetary Fund (IMF), Christine Lagarde, said on Sunday that the world economy has moved into the path of growth, thanks in part to the stabilisation in the eurozone and the United States. However, Lagarde …

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  • King Juan Carlos Leads Bicentennial Celebrations in Cadiz

    The Spanish Constitution of 1812, known as ‘La Pepa’, was signed 200 years ago on 19th March. In the King’s speech on Monday, which closed with the official commemoration of the bicentennial of the Constitution of Cadiz in the Oratory …

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  • Spanish Government Authorises Canaries Oil Exploration

    The Council of Ministers approved at its meeting on Friday the exploration for hydrocarbons in the waters off the Canary Islands, which will be undertaken by Repsol YPF. Vice President, Soraya Saenz de Santamaria noted that after environmental protection measures …

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