Archives for December 2011
December 30th, 2011
Total spending by foreign tourists who were in Spain between January and November 2011 increased by 8.1% reaching 49,985 million euros, according to the tourism expenditure survey (Egatur) prepared by the Tourism Studies Institute of the Ministry of Industry, Energy and Tourism. The average daily expenditure for that period was 102 ...
Continue reading Foreign Tourists Spent 50,000 Million Euros to November
December 29th, 2011
Spain’s reform of the tobacco law has paid off, resulting in 600,000 fewer smokers and a reduction in sales estimated at 500 million packs during its first year in operation, according to estimates by the National Committee for Smoking Prevention (NPTC). The legislation, which came into effect on 2nd January 2011 ...
Continue reading Spain’s Anti-Tobacco Law Cuts Smokers by 600,000
December 28th, 2011
The credit rating agency Fitch has placed on "negative watch" the credit note of five autonomous Spanish regions, four provinces and five municipalities. The move comes following the recent decision to place Spain’s 'rating' under surveillance, along with the other eurozone countries. Specifically, the five regions whose credit rating are threatened are ...
Continue reading Fitch Warns Spain of Possible Rating Downgrade
December 27th, 2011
As a result of strike action by the pilots union SEPLA, Iberia are to cancel 118 flights on 29th December, which is 36% of those originally planned for this date, and which are those not covered by the Ministry of Development’s minimum services mandate. The Spanish airline said in a statement ...
Continue reading Iberia to Cancel 118 Flights on 29th December
December 26th, 2011
About ten million people (22.5% of the population) in Spain are living in a situation of "relative poverty", with about 500 euros a month, and another two million are living in "severe poverty", with revenues of only around 300 euros per month, reported ABC News. As the president of the European ...
Continue reading Two Out of Ten Spanish Living in Relative Poverty
December 23rd, 2011
An earthquake with an intensity of 2.9 degrees on the Richter scale occurred at 2329 hours on Monday night, with its epicentre about six miles deep, between the Rafael Mendez hospital and the Saprelorca industrial estate in Lorca, Diario Sur reported. Immediately, many residents jammed the phone lines of the local ...
Continue reading New Earthquake Fears for Lorca
December 22nd, 2011
Neighbours of the municipality of Júzcar in Malaga, voted on Monday in favour of preserving the characteristic colour of their homes, which has already attracted over 80,000 visitors to their hometown. Júzcar will remain painted blue, after it was declared the world’s first official Smurf Village for the global promotion of ...
Continue reading Spain’s “Smurf Village” to Remain Blue
December 21st, 2011
For anyone who is still not familiar with the term 'mini jobs' - they are low-paid contracts with a maximum of 15 hours per week, and have been operating in Germany since 2003, serving to keep that country’s economy active in the darkest times of the crisis. The ECB has ...
Continue reading Spain to Consider ‘Mini Jobs’
December 20th, 2011
The European Council President, Herman Van Rompuy, announced last Thursday his intention to convene another summit of EU leaders in late January or early February 2012 in order to finalise the new intergovernmental treaty on tightening fiscal discipline in the eurozone, but also in order to discuss how to improve ...
Continue reading Van Rompuy Calls for Another EU Leaders Summit
December 19th, 2011
Spanish spending this Christmas season is expected to consist of an average budget of 560 euros per person, which is more than 100 euros less than the previous year, according to a study by the Independent Consumers Federation (FUCI). The report, compiled by conducting a survey of 3,000 consumers during the ...
Continue reading Christmas Spending in Spain
