Archives for Economy
May 14th, 2012
The European Parliament has approved with 578 votes in favour, 10 against and 10 abstentions, the new EU rule which will force telephone companies to lower the rates, by up to 90%, that they can charge their customers for using mobile Internet abroad. The regulation, which will take effect from ...
Continue reading EU Reduces Price of Mobile Internet Abroad by up to 90%
May 11th, 2012
Families and businesses who filed for bankruptcy (insolvency and bankruptcy) due to the inability to meet their debt payments, rose to 2,224 in the first quarter of the year, a figure which is 21.5% more than the same period of 2011, and the highest since the start of the crisis. ...
Continue reading Bankrupt Families and Businesses Up 21.5% in Q1
May 10th, 2012
Following the Spanish Government’s introduction, earlier this year, of a huge package of spending cuts and tax increases in an austerity move which included proposing to move most holidays away from midweek to Mondays in order to cut time off work and increase productivity, the Portuguese Government has now followed ...
Continue reading Portugal to Abolish Four Holidays to Combat Crisis
May 9th, 2012
Despite the high unemployment rate in Spain, only 48% of the population use the Internet to find employment, a figure which is still higher than the average of several developed countries, but much lower than their Internet use for sending and receiving emails or visiting social networks. This data comes from ...
Continue reading 48% of Spanish Search for Employment Online
May 8th, 2012
The accumulated debt of Spanish households amounted to 859,538 million euros in March, representing a reduction of 3.19% over the same month of 2011 and the lowest level since the beginning of the crisis. According to provisional Bank of Spain data released on Monday, outstanding household debt reduced by 0.24% ...
Continue reading Household Debt Falls to Lowest Level Since Start of Crisis
May 7th, 2012
According to the Ministry of Employment and Social Security, the number of unemployed registered at the offices of the public employment service (formerly INEM) stood at 4.74 million people at the end of April, after dropping by 6,632 unemployed in the month, a percentage decrease of 0.14% compared to March. ...
Continue reading Easter Causes Reduction in Unemployment in April
May 4th, 2012
After 16 hours of negotiations this week, the finance ministers of the EU-27 have failed in their attempt to reach agreement on the new EU law which aims to strengthen banks’ capital and increase their resilience to future crises. The British finance minister, George Osborne - who wanted more freedom to ...
Continue reading EU-27 Still to Agree Over Strengthening Banks’ Capital
May 3rd, 2012
Between October 2011 and March 2012, SMEs in Spain, Belgium and Italy had less access to credit compared with the previous six months, due to their unfavourable general economic environment. This is the conclusion of the sixth access to finance survey of SMEs that the European Central Bank (ECB) published and ...
Continue reading SMEs in Spain, Belgium and Italy Have Worst Access to Credit
May 2nd, 2012
Although consumption is still falling in Spain, for the first time since the crisis began, investment in commercial centres is growing again. According to data and projections by consultancy firm Jones Lang Lasalle, over the next three years a total of 64 new establishments will open, which will involve investment of ...
Continue reading Spain to Open 64 New Shopping Centres in Three Years
May 1st, 2012
Unemployment rose by 365,900 people in the first quarter of 2012 over the previous quarter, which represented a 6.9% increase, and brought the total number of unemployed to 5,639,500, a figure until now unheard of for the Spanish economy. The rate of unemployment climbed at the end of March to 24.44%, ...
Continue reading Unemployment Reaches 5.6 Million in First Quarter
