Archives for January 2012
January 17th, 2012
The price of diesel has hit a record high and stood at 1.336 euros per litre after having risen by 4% over two weeks at the end of December, which is the date of the European Union’s last official record offered for Spain. Europa Press reported that the new price, collected ...
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January 16th, 2012
European Commission Vice-President and Head of Economic Affairs, Olli Rehn, described the measures taken by the new government of Mariano Rajoy to cut the deficit as "very important", but called for more fiscal adjustment and structural reforms, especially in the labour market, to ensure compliance with the objectives agreed with ...
Continue reading Further Fiscal Adjustment and Reforms from Spain
January 13th, 2012
August 15th (Fiesta de la Asunción), November 1st (Día de Todos Los Santos) and December 6th (Fiesta de la Constitución) were the three holidays proposed by employers and unions to be moved to Mondays, in an attempt to bolster the productivity of Spanish companies, El Mundo reported this week. This is ...
Continue reading Spain Proposes Moving Fiestas to Mondays
January 12th, 2012
Spain received about 56.9 million tourists in 2011, representing an increase of 8.1% compared to last year, when the figure was 52.6 million. In absolute terms, according to data presented on Tuesday by the Minister of Industry, Energy and Tourism, José Manuel Soria, Spain thus gained 4.3 million tourists last ...
Continue reading Spain Gains 4.3 Million More Tourists Last Year
January 11th, 2012
German Chancellor Angela Merkel and French President Nicolas Sarkozy announced on Monday that they were making progress in the negotiations for the fiscal pact in the European Union, and stressed that soon they will present proposals on increasing growth and employment in Europe. Cinco Dias reported that following a two-hour meeting ...
Continue reading Merkel and Sarkozy Make Progress on EU Fiscal Pact
January 10th, 2012
Due to the limited progress made so far on taxation and the meagre income from privatisation, the International Monetary Fund (IMF) has lost faith in Greece’s ability to clean up its economy and overcome the crisis. The German weekly Der Spiegel revealed on Sunday a report stating that the IMF believes ...
Continue reading IMF Loses Confidence in Greece
January 9th, 2012
Spain occupies 39th place in the world innovation ranking reflected in the 2011-2012 Global Competitiveness Report prepared by the Davos Global Economic Forum, a list of 142 countries led by Switzerland and Sweden. Cinco Dias reported that this places the Spanish economy "far from" the most advanced countries of the European ...
Continue reading Spain Ranks 39th for Global Innovation
January 6th, 2012
The e-commerce portal Amazon.com has reported that during the month of December their sales of new Kindle models were boosted to over one million units each week, with the Kindle Fire, Amazon’s answer to the Apple iPad, being the item most demanded by customers, followed by the Kindle Touch and ...
Continue reading Amazon Sells Over a Million Kindles Each Week
January 5th, 2012
Iberia airlines are to cancel a total of 266 flights, including 19 long-haul flights and 84 connections between the airports of Madrid-Barajas and Barcelona-El Prat, between 8th and 11th January, in two new days of pilots' strikes, the airline announced on Wednesday. Specifically, the international long-haul flights which will be affected ...
Continue reading Iberia Announces New Pilots’ Strikes
January 4th, 2012
Travel website TripAdvisor has revealed their ranking of the World's 15 top destinations to visit in 2012 as rated by users of their website. Within the list they have produced, Spain occupies 12th place, with the city of San Sebastian, reported Cinco Dias. Tallinn (Estonia) came in first place, followed by ...
Continue reading Spain in World’s Top Recommended Destinations for 2012
