investment
May 12th, 2010
The Spanish Prime Minister, José Luis Rodríguez Zapatero, today announced a series of measures to reduce the public deficit to 3% by 2013, including a reduction in public sector staff pay by an average of 5% in 2010, the elimination of the 2,500 euro birth allowance from 2011 and a ...
Continue reading Zapatero Announces Plans to Cut Public Deficit
April 26th, 2010
The Spanish F1 driver Fernando Alonso and Banco Santander, one of his Ferrari team sponsors, today signed a sponsorship agreement which will see the double world champion star in an upcoming advertising campaign for the Insurance Division of the bank. As part of the collaboration,
Continue reading Fernando Alonso’s Thumbs Insured for €10m
April 24th, 2010
The first cross border medical centre in Europe, the Hospital of Cerdanya-Puigcerdà, is scheduled for completion in 2012 and will allow French and Spanish doctors to share care facilities, surgical equipment and health training. About 60% of the funding of the centre, currently under construction,
Continue reading Europe’s First Cross Border Hospital
April 12th, 2010
The number of people in Spain classed as "wealthy", termed as those with available assets, not including housing, of more than a million dollars (about 745,000 euros), fell by 18% last year and now consists of approximately 97,000 people. These figures are taken from 'The Wealth Report 2010',
Continue reading Economic Problems Cause Spanish Wealth Decline
April 12th, 2010
The Spanish government has today approved a package of 26 anti-crisis measures covering six main sectors that they hope will improve the recovery and tackle unemployment. The six sectors involve housing rehabilitation, business stimulus, small and medium business support, greater safeguards for citizens and consumers,
Continue reading Spanish Government Unveils 26 Anti-Crisis Measures
April 8th, 2010
Iberia and British Airways (BA) have signed a definitive merger agreement today, the merger is scheduled to complete by the end of 2010 and will create one of the largest airline groups in the world, with a fleet of 408 aircraft flying to 200 destinations. Iberia and BA plan to submit
Continue reading British Airways Sign Merger Agreement with Iberia
April 6th, 2010
The Government has announced that it will subsidise up to 20% of the cost of an electric car, up to a maximum of 6,000 euros, which will be available to private buyers or private fleets, representing 240 million euros in direct grants and part of a total of 590 million ...
Continue reading 6,000 Euro Subsidy for Electric Vehicles in Spain
April 5th, 2010
The electric supplier Endesa will soon begin installing the first of 150,000 new electric meters in Spain, which allow reading and remote operation of home energy systems. The first batch will be located in the capitals of the autonomous communities where Endesa operates. The project director of Endesa, Rocio Millán, said ...
Continue reading Endesa Begins Installation of New Electric Meters
March 11th, 2010
Real Madrid's European journey came to an end last night at the hands of Olympique Lyon, their sixth consecutive elimination in the knockout stages of the Champions League. The defeat comes despite the multimillion euro investment that the club's president, Florentino Perez, made before the start of the season, when ...
Continue reading Madrid Crash Out of UEFA Champions League
February 22nd, 2010
The Turkish President, Recep Tayyip Erdogan, arrived in Madrid today in preparation for a summit meeting tomorrow with the Spanish Prime Minister, José Luis Rodríguez Zapatero. The talks are thought to primarily revolve around new efforts in moving towards Turkey's membership in the EU.
Continue reading Spain Working With Turkey to Join EU
