• An Independent Catalonia Will Be Left Out of the EU, Says Brussels

    In response to a letter from the Secretary of State for European Affairs, Iñigo Méndez de Vigo, the Vice President of Justice for the European Commission, Viviane Reding, has confirmed that the “official position” of the EU executive is that …

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  • VAT Hike Takes Inflation to 3.5%

    The Consumer Price Index (CPI) climbed one-tenth in October, bringing its yearly rate to 3.5% – which is its highest level since May 2011. This is shown in the leading indicator of the evolution of prices in Spain published yesterday …

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  • Foreign Tourists’ Spending Up 7.2% to September

    According to the latest data provided by the tourism expenditure survey, Egatur, prepared by the Ministry of Industry, Energy and Tourism, in the first nine months of the year international tourists’ spending reached 45,106 million euros, representing an improvement of …

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  • Household Expenditure Fell 3.5% Between 2006 and 2011

    According to the 2011 Household Budget Survey published yesterday by the National Statistics Institute, the average expenditure per Spanish household amounted to 29,482 euros in 2011, which represents a decrease of 1% compared to 2010, and 3.5% in relation to …

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  • Government has an Obligation to Stamp out Tax Fraud, says Rajoy

    At the end of a meeting held last week at Moncloa Palace with the leaders of the Spanish Tax Office, the President of the Spanish Government, Mariano Rajoy, thanked the professionals who work at the Spanish Tax Office for their …

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  • Spain Sees Record Unemployment in Third Quarter

    According to data from the Labour Force Survey published on Friday by the National Statistics Institute for the third quarter, the unemployment rate in Spain has exceeded 25% for the first time, which means that one in four workers cannot …

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  • Crisis Wreaks Havoc on Spanish Families’ Finances

    According to provisional results from the National Statistics Institute’s Living Conditions Survey, more and more Spanish families are struggling to make ends meet as a result of the crisis. Specifically, the percentage of Spanish households in difficulty this year is …

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  • Costa Del Sol Ends Summer with More Tourists and More Spending

    The Costa del Sol overcame the test of a difficult summer better than anticipated. Although ten million fewer overnight stays were registered than in 2011 – 49 million compared to 59 million last year – the number of tourists increased …

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  • Crisis Increases Number of ‘ninis’ by 34%

    The crisis has boosted the number of Spanish youths (15-29 years) who neither work nor study nor are in training, known in Spain as ‘ninis’ and which the European Union has officially dubbed as NEETs (Not in Education, Employment or …

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  • Financial Institutions Rush to Sell Homes Ahead of ‘Bad Bank’

    In a race to reduce their real estate portfolios, containing the bulk of their toxic assets, before the ‘bad bank’ starts operating in December, Spanish banks are boosting incentives for home purchases, offering discounts in some cases of over 50%. …

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  • Lorca Earthquake Man-Made, Say Scientists

    According to a recent paper published in the journal ‘Nature Geoscience’, experts said that the earthquake which occurred last May in the Spanish town of Lorca, which left nine people dead, may have been triggered by decades of pumping water …

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  • Spain’s Income Tax Fifth Highest in the World

    Spain is the country which has the fifth highest marginal rate of income tax in the world, after climbing to 52% in 2012, seven points higher than a year earlier, according to KPMG consultants’ annual study on personal income tax …

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  • Spain Gains 5.1% More Foreign Tourists in September

    Spain received a total of 6.2 million international tourists in September, which is 5.1% more than a year ago, and continues the rising trend maintained throughout the year. According to Frontur’s Survey of Tourists’ Border Movements released by the Ministry …

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  • New Mortgages Fell by 28.5% in August

    The number of new mortgages granted on homes stood at 21,106 in August. This is the lowest figure since the comparable historical series began in 2003 and, according to the National Statistics Institute, represents a decrease of 28.5% year-on-year. This …

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  • 1,728,836 Foreigners Contributed to Spanish Social Security System in September

    In September, the number of foreign citizens contributing to the Spanish Social Security system fell by 19,579 (-1.12%). In year-on-year terms, the number of foreign citizens contributing to the system continues to decline and is doing so at a far …

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