Archives for December 2011
December 16th, 2011
The British tour operator Thomas Cook reported an annual loss of 520 million attributable pounds (613 million euros) to 30th September and expects to close 200 branches in the UK. In a statement sent earlier this week to the London Stock Exchange, Thomas Cook announced its attributable losses had increased in ...
Continue reading Crisis Deepens for Thomas Cook
December 15th, 2011
Iberia has pre-warned the Melia hotel chain that many overnight stays may be necessary to accommodate passengers whose travel is interrupted because of the pilots' strikes on 18th and 29th December. The company claims to have more than 9,000 rooms available in Madrid and its environs for the day of ...
Continue reading Iberia Prepares for Christmas Pilots’ Strikes
December 14th, 2011
The number of companies launched in Spain has decreased by 14.6% on average per year between 2006 and 2010. These figures place Spain in the last place of OECD countries for the creation of companies during the crisis, according to a study conducted by the auditing and consulting firm UHY, ...
Continue reading Spain Lagging in OECD New Start-Ups List
December 13th, 2011
The Foreign Minister for China, Yang Jiechi, has expressed confidence in the euro, and the intention of his country to resort to "various means" to help European countries overcome the sovereign debt crisis. At a meeting held last Wednesday in Berlin with his German counterpart, Guido Westerwelle, Yang pointed out ...
Continue reading China Ready to Bailout the Euro
December 12th, 2011
31% of Spanish workers are overqualified, i.e. have a higher education level to that required by their job. This is the highest rate across the EU and well above the EU average, which stands at 19% according to a Eurostat report . After Spain, Ireland (with 29%) and Cyprus (27%) are ...
Continue reading Spain has most Overqualified Workers in EU
December 9th, 2011
From yesterday, travelling to Portugal by road has become more expensive, as four new electronic highway tolls came into force, two of which connect directly with Spain, the A23, which links Abrantes with the town of Fuentes de Oñoro, in the province of Salamanca, and the Via do Infante, which ...
Continue reading Portugal Introduces New Road Tolls
December 8th, 2011
Nearly two out of three Spanish families are struggling to make ends meet each month due to their economic situation, revealed the Consumer Confidence Indicator (ICC) in November, drawn up by the Sociological Research Centre (CIS) from 1,000 interviews conducted between 21st and 24th November. Europa Press reported that, specifically, 40.5% ...
Continue reading Nearly Half of Spanish Families in Economic Difficulty
December 7th, 2011
The inequality which exists between the rich and the poor within countries that comprise the Organisation for Economic Cooperation and Development (OECD) has increased to its highest level in 30 years, according to one report by the international institution, in which it shows Spain is slightly above the OECD average. The ...
Continue reading Gap Between Rich and Poor Widest in 30 years
December 6th, 2011
The luxury sector in Spain is set to close 2011 with sales of 4,500 million euros, 25% more than in 2010, a sharp rise which is in contrast to the general decline in consumption caused by the crisis and is due largely to increased tourism, especially in cities like Madrid, ...
Continue reading Spain’s Luxury Sector Swerves Crisis with 25% Rise in Sales
December 5th, 2011
According to the Centre for Sociological Research (CIS) barometer, the concern over unemployment picked up two points to stand at 83 percent for November, and it also confirmed that health and education remain among the country's top eight problems. Europa Press reported that the study, released last Thursday, is based on ...
Continue reading Unemployment Concerns Rose in November
