• Prices Have Risen 45% in Spain Since Entry to Euro

    Prices have increased 45% in Spain since the entry into force of the euro in financial markets in 1999, which has generated a great loss of competitiveness compared to other European countries, according to the CESifo 2012 report submitted by …

    Read more
  • Experts Lower Forecasts for Spain

    The debt crisis, sharp Government cutbacks in order to reach the 2012 deficit limit imposed by the European Union, and the entry into the second recession in three years, have caused the lowering of the growth forecast for Spain, published …

    Read more
  • Price of Petrol Falls 1.6% After 14 Weeks of Increases

    The price of petrol has dropped 1.6% this week and recorded its first decline after fourteen consecutive weeks of increases, nine of which were recorded as historic highs, according to the European Union Oil Bulletin. Specifically, a litre of petrol …

    Read more
  • Tinsa Adds New Geographical Breakdowns to their Report

    Spanish house prices are continuing to fall, according to the recent statistics published by Tinsa. Their Spanish Real Estate Market Index shows a reduction of 9.2% during the first quarter of 2012 over the same period of 2011. Tinsa’s index …

    Read more
  • Increase in Number of Foreign Tourists Visiting Spain

    In the first three months of the year Spain received a total of 9.18 million international tourists, representing a 2.6% increase over the same period in 2011, according to the Survey of Tourist Border Movements, Frontur, which has been released …

    Read more
  • Mortgages Register Biggest Drop Since Start of Crisis

    The number of home mortgages fell 47.1% in February over the same month last year. This is the biggest drop since the statistics published in 2004. With 26,415 credit arrangements, this indicator marks 22 consecutive months of decline year-on-year, according …

    Read more
  • Spanish Government Approves Measures to Safeguard Healthcare System

    The Council of Ministers approved, by means of a Royal Decree Law, a raft of urgent measures to guarantee the sustainability of the National Health System and improve the quality and security of its services. The measures will result in …

    Read more
  • Hotel Stays Down 3.5% in March

    Spanish hotels recorded 17.4 million overnight stays in March this year, which represented a decrease of 3.5% over the same month of 2011, despite the prices falling by 0.3%, according to figures released by the National Statistics Institute on Monday. …

    Read more
  • IMF Expects Return to ‘Normal’ Growth in Two or Three Years

    Advanced economies should return to “normal growth in two or three years”, so they must focus on “structural and sustainable solutions”, the president of the International Monetary and Financial Committee of the IMF, Tharman Shanmugaratnam, declared in a press conference …

    Read more
  • Brussels Confirms Spain’s Budget Deficit at 8.5% for 2011

    The EU statistics office, Eurostat, certified on Monday without any reservation that the public deficit in Spain last year rose, as announced by the Government, to 8.5% of GDP, making it the third highest in the European Union, surpassed only …

    Read more
  • CPI Drops to 1.9% – Lowest Level Since August 2010

    The Consumer Price Index (CPI) rose by 0.7% in March over the previous month, the same as twelve months ago, while the year-on-year rate fell 0.1% to 1.9%. Following this result, the year-on-year rate posted a half-point drop in the …

    Read more
  • Spanish Government Presents Anti-Fraud Plan

    The Council of Ministers has analysed the Draft Law to enhance the fight against fraud to complement the Royal Decree Law on tax measures approved on 30th March. The Vice-President of the Government, Soraya Sáenz de Santamaría, explained that this …

    Read more
  • Spanish University System Faces Reform

    The Spanish Government’s Council of Ministers has approved the creation of an Expert Committee to reform the Spanish university system which, said the Minister for Education, Culture and Sport, “is an absolute priority”. José Ignacio Wert explained that in the …

    Read more
  • Mariano Rajoy Insists There Will be No Bailout for Spain

    While speaking in Warsaw during a press conference with the Polish Prime Minister, Donald Tusk, the President of the Government, Mariano Rajoy, stressed that this is an extraordinarily important time for Europe and that the effects of the economic crisis …

    Read more
  • Spain Sees Rise in Rail Travel

    The number of passengers opting to travel by plane within Spain in February fell by 12.2% compared with the same month of 2011, while the number opting to travel by train grew by 2.5%, according to the latest figures from …

    Read more