Archives for Spain
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
April 30th, 2012
Prices have increased 45% in Spain since the entry into force of the euro in financial markets in 1999, which has generated a great loss of competitiveness compared to other European countries, according to the CESifo 2012 report submitted by the BBVA Foundation. In particular, the study highlights that there are ...
Continue reading Prices Have Risen 45% in Spain Since Entry to Euro
April 27th, 2012
The price of petrol has dropped 1.6% this week and recorded its first decline after fourteen consecutive weeks of increases, nine of which were recorded as historic highs, according to the European Union Oil Bulletin. Specifically, a litre of petrol stood at 1.473 euros this week, but this is still 13% ...
Continue reading Price of Petrol Falls 1.6% After 14 Weeks of Increases
April 26th, 2012
In the first three months of the year Spain received a total of 9.18 million international tourists, representing a 2.6% increase over the same period in 2011, according to the Survey of Tourist Border Movements, Frontur, which has been released by the Spanish Ministry of Industry, Energy and Tourism. The Department, ...
Continue reading Increase in Number of Foreign Tourists Visiting Spain
April 25th, 2012
The Council of Ministers approved, by means of a Royal Decree Law, a raft of urgent measures to guarantee the sustainability of the National Health System and improve the quality and security of its services. The measures will result in savings exceeding 7 billion euros in healthcare expenditure. The Minister for ...
Continue reading Spanish Government Approves Measures to Safeguard Healthcare System
April 24th, 2012
Advanced economies should return to "normal growth in two or three years", so they must focus on "structural and sustainable solutions", the president of the International Monetary and Financial Committee of the IMF, Tharman Shanmugaratnam, declared in a press conference on Saturday. "We need medium-term fiscal consolidation, both in America and ...
Continue reading IMF Expects Return to ‘Normal’ Growth in Two or Three Years
April 23rd, 2012
The Consumer Price Index (CPI) rose by 0.7% in March over the previous month, the same as twelve months ago, while the year-on-year rate fell 0.1% to 1.9%. Following this result, the year-on-year rate posted a half-point drop in the first quarter of this year placing it at half the ...
Continue reading CPI Drops to 1.9% – Lowest Level Since August 2010
April 20th, 2012
The Spanish Government’s Council of Ministers has approved the creation of an Expert Committee to reform the Spanish university system which, said the Minister for Education, Culture and Sport, "is an absolute priority". José Ignacio Wert explained that in the last few years university education has expanded greatly in Spain. "We ...
Continue reading Spanish University System Faces Reform
April 19th, 2012
The number of passengers opting to travel by plane within Spain in February fell by 12.2% compared with the same month of 2011, while the number opting to travel by train grew by 2.5%, according to the latest figures from the National Statistics Institute. Bus journeys also experienced an increase ...
Continue reading Spain Sees Rise in Rail Travel
