• December Hotel Prices up 8% Over Last Year

    Hotel prices in December this year are around 8% more expensive than last year, standing at an average of 90 euros per night, according to the latest trivago Hotel Price Index (tHPI), which also indicated that these prices are nevertheless …

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  • Santander to Launch Largest Housing Development Since Property ‘Crash’

    The Santander bank believes that it is the right time to return to property development. The largest financial group in Spain has decided to launch about 140 real estate developments through which they will build about 5,000 homes, a third …

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  • Real Estate Sector Financing “Will Not be Normalised before 2015”

    According to a report carried out by the property appraiser, Tinsa, and consultants, IPD, 75% of investors believe that real estate sector financing “will not be normalised before 2015”. The report also notes that the measures taken by the Government, …

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  • Vueling Carried 24% More Passengers in Q1

    Vueling transported 2.57 million passengers in the first three months of the year, which is an increase of 24.1% over the same period in 2011, with a load factor of 76.4% of total capacity, representing an increase of 7.3 percentage …

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  • Ryanair Announces Six New Routes from Barcelona

    The Chairman of Ryanair, Michael O’Leary, announced yesterday, the addition of six new routes from the El Prat airport in Barcelona starting in April this year. These routes, which were previously operated by Spanair, will connect Barcelona with Alicante, Bilbao, …

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  • Big Banks Earn 14% Less to September

    The four big Spanish banks – Santander, BBVA, Popular and Caixabank – made a joint profit of 9,695 million euros in the first nine months of 2011, translating to a decrease of 14% over the same period last year, and …

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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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  • Santander to Defer Mortgage Payments for Hard-Up Clients

    The CEO of Banco Santander, Alfredo Saenz, has announced that from August, they are to offer private and self-employed clients “with income problems,” a period of three years deferment on mortgage loans for primary residences. “We will offer those individuals …

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  • Spanish Banks Get Stress Tests Results

    According to results released on Friday by the European Banking Authority (EBA), five of the eight European banks to fail the stress tests are Spanish. The Spanish banks who failed to reach the minimum capital levels required were the four …

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  • Salgado Calls for Spanish Banks’ Help in Greek Rescue

    European countries coordinated their efforts on Wednesday to ask the big banks and insurance companies, who are holders of Greek debt, to become involved in the second bailout of the country. As main creditors, France and Germany led the concerted …

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  • Goldman Sachs Predicts Spanish Banks Will Fare Worst on Stress Tests

    According to a survey released last week by Goldman Sachs, the Spanish financial sector look set to have the worst results in the European banks’ stress tests. These results are due to be published next month. After interviewing 113 specialists …

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  • Employees Buy Menorcan Cheese Company for 346 Euros

    Employees and managers of the cheese factory “Quesería Menorquina” have bought their company, Nueva Rumasa, for the sum of 346 euros. They have assumed responsibility for the cheese production debts, estimated at 33 million euros in 2009, two years before …

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  • Contrasting Start to League for Barcelona and Madrid

    Jose Mourinho made a poor start to his spell as Real Madrid coach yesterday, with a dull 0-0 draw away to well drilled Mallorca. Earlier on Sunday, Barcelona had kicked off their campaign to retain the Liga title with an …

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  • Route to Dominance of Spain’s Largest Bank: Santander

    Spain’s largest bank, Santander, sealed the purchase of over 300 UK branches from Royal Bank of Scotland yesterday for €2 billion, as the Spanish bank bulked up in one of its core markets. Banco Santander was founded in 1857 by …

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  • 10 Spanish Companies Make World Top 500 List

    A total of ten Spanish companies have been included in Fortune magazine’s annual list of the top 500 global companies, compared with twelve companies which appeared in the rankings for 2009, the list is headed once again by the retail …

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