Archives for May 2011
May 18th, 2011
In April AENA's airports recorded the largest monthly passenger increase in the last decade. It claims passenger traffic grew by 20.3% over the same month in 2010, to 17,374,989 passengers. Last year (when Easter fell in March) traffic had fallen by 8% as a result of disruption to ...
Continue reading Spanish Airports Record 20% Growth in April
May 17th, 2011
Carlos Slim, the richest man in the world with an estimated fortune of around 51,000 billion euros, is set to hold a 1% stake in Caixabank, the financial arm of La Caixa, which will be listing in July. To achieve a 1% share of the capital investment would cost around ...
Continue reading World’s Richest Man Buys Stake in Spain’s La Caixa
May 16th, 2011
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 the suspension of payments. Each of the 181 workers are to ...
Continue reading Employees Buy Menorcan Cheese Company for 346 Euros
May 13th, 2011
The Spanish city of Lorca, in the southeast region of Murcia, convened a meeting of all the city’s architects and building engineers yesterday in order to start damage assessment, after the city of 92,000 inhabitants was destroyed by an earthquake on Wednesday leaving nine dead and thousands unable to return ...
Continue reading Spanish Earthquake Leaves Thousands Homeless
May 12th, 2011
Budget airline EasyJet recorded a loss of 130 million euros in its fiscal first quarter to March, which almost doubles the debt of 67 million euros, registered in the same period last year. Javier Gandara, the new CEO of EasyJet in Spain and Portugal, stated that the decline in the half-yearly ...
Continue reading EasyJet Lost €130 Million in 6 Months but Expects to Gain in 2011
May 11th, 2011
Seve Ballesteros, golfing legend, and one of the most gifted players the sport has ever seen, died on Saturday, aged 54, after a long battle with cancer. His funeral will take place at the San Pedro parish church on Wednesday, in his home village of Pedrena in Cantabria. The Ballesteros family say ...
Continue reading Death of a Spanish Golfing Legend
May 10th, 2011
The Government is to introduce a new incentive program for the purchase of electric vehicles providing subsidies of up to €6,000 per purchase. Alfredo Pérez Rubalcaba, Vice President of the Council of Ministers, said that the Government's intention with this measure is to stimulate demand for this type of transport, save ...
Continue reading Spanish Government Allocates €72 Million for Electric Car Incentive
May 9th, 2011
A recent report, based on 66 economic indicators, carried out by consultants PricewaterhouseCoopers (PwC), ranks Madrid among the five cities with the greatest economic influence in the world and also among the 26 most promising, from an economic, cultural and social viewpoint. According to this study, entitled "Cities of Opportunity 2011", ...
Continue reading Madrid in Top 5 Influential Cities in World Economy
May 6th, 2011
BAA, the British subsidiary of the Spanish company Ferrovial, which controls Heathrow, is concerned that Heathrow will lose its rank among the world's major airports. Nigel Rudd, Chairman of BAA, said on Sunday that Heathrow has only 15 years left as the world's busiest airport and that if the Government ...
Continue reading Ferrovial Says the British-Iberia Merger is Paralysing Heathrow
May 5th, 2011
Reducing the speed limit on motorways to 110 km per hour was a bold decision when it was adopted by the Council of Ministers on 4th March. Nearly two months later, the Government claims to have reached the desired objective of reducing fuel consumption. The Minister of Industry, Energy and Tourism, ...
Continue reading Reducing Speed Limit on Spain’s Roads Saves €94 Million
