crisis
November 30th, 2009
In more mortgage related news, the Euribor has closed the month of November with its ninth straight record low at 1.23%, meaning an average saving of 240 euros per month or 2880 per year compared to one year ago, this data is based on an average mortgage of € 150,000 ...
Continue reading 240 Euro per Month Saving on an Average Spanish Mortgage
December 21st, 2009
About 400,000 workers in Spain on permanent contracts will have access to intermittent unemployment benefits without having to have contributed at least six months social security, in an amendment to made to the Employment Act tomorrow that will reduce the minimum contributions to just 4 months. However, there is great concern ...
Continue reading Unemployment Benefit to be paid after only 4 Months work
December 23rd, 2009
According to data from the National Association of Motor Vehicle Sellers (GANVAM), 190 million euros is lost every year due to the abandonment of vehicles at garages in Spain. In the last year alone, 75,000 cars were left unclaimed at repair centers by their owners. 90% of abandoned vehicles are priced ...
Continue reading Relief for Spanish Garages Over Unclaimed Vehicles
December 31st, 2009
Losada House watchmakers yesterday made the latest revision to of Spain's most famous clock, that of Puerta del Sol in Madrid, to ensure the perfect running of the twelve strokes at midnight that will herald the new year of 2010. Jesus Lopez-Terra, who along with two companions, has been "caring" for ...
Continue reading Chiming in the Spanish New Year
January 4th, 2010
As well as the recently reported rises in the rates of essential basic services such as electricity, gas and public transport, general taxes have also risen in the new year. The government has adopted higher taxes in efforts to address the drop in revenues caused
Continue reading New Year Spanish Tax Hikes
January 5th, 2010
As year end figures are released, the full effects of the economic crisis that continued throughout the world during 2009 are demonstrated. In Spain, the year closed with an increase of 794,640 unemployed people, making a total figure of 3,923,603 unemployed, the
Continue reading End of Year Unemployment Figures
January 5th, 2010
The Spanish Prime Minister, José Luis Rodríguez Zapatero, has met in Madrid with the former head of the Government, Felipe González, the former European Commission president Jacques Delors, and former minister, Pedro Solbes, to discuss how the EU can overcome the
Continue reading Zapatero Seeks Advice From the 3 Wise Men
January 8th, 2010
José Luis Rodríguez Zapatero wants the new EU economic strategy, tentatively known as 'Strategy 2020', to be adhered to resolutely. The Spanish Prime Minister said today that sanctions for Member States, which do not meet the objectives set, are not currently binding and
Continue reading EU Countries Must Comply Or Face Sanctions
January 13th, 2010
Minister of Labour, Celestino Corbacho, said today that the underground economy in Spain accounts for between 16% and 20% of GDP, while also recognising that irregular activities usually increase in times of crisis. During a presentation of 2009 results for fraud in the workplace, Corbacho said that these figures serve to
Continue reading 20% of Spain’s GDP In Underground Economy
January 14th, 2010
The historical Alhambra and Generalife in Granada received 2.9 million visitors during 2009, which makes it the most visited tourist destination in Spain, despite having suffered a decline of 4.68% over the previous year. The director of the complex, Maria del Mar Villafranca, said
Continue reading Alhambra, Granada – Spain’s Most Visited Attraction
