recovery
June 14th, 2010
Spanish property sales increased by 17.6% in April compared to the same month last year, a total of 34,326 transactions were completed, of which 49.7% was made up of new properties and 50.3% were resale properties. These figures are according to the official data released today by the National Statistics ...
Continue reading Spanish Property Sales Rise for 4th Consecutive Month
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
May 7th, 2010
According to estimates by the Bank of Spain, in its economic bulletin published today, the Spanish economy has technically come out of recession in the first quarter of 2010, after growing by 0.1% over the previous quarter, although GDP continues to fall on-year by 1.3%. With this slight growth, the Spanish ...
Continue reading Spain Leaves Recession
April 15th, 2010
The president of the Association of Spanish Promoters and Constructors (APCE), José Manuel Galindo, said today that the property sector is beginning to "see the light at the end of the tunnel", now that the recovery of new home sales seems to be consolidating. Galindo, who was
Continue reading Light at the End of the Tunnel for Spanish Property Sales
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 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
March 17th, 2010
The European Commission (EC) has recommended today that the Spanish government takes more strict control on autonomous municipal spending to prevent municipalities and autonomous regions undermining the state's efforts to cut the budget deficit and get its finances back in order. The EU's
Continue reading EU Recommends Tighter Control on Autonomous Regions
March 6th, 2010
Deputy Prime Minister, Maria Teresa Fernandez de la Vega, today assured that the government "is always in favour of free choice rather than obligation" regarding the current debate on banning bullfighting, which has raised different responses from regions within Spain. "It's a subject that has detractors, but also a great ...
Continue reading Spanish Government Open Minded on Bullfighting Debate
March 5th, 2010
The Spanish Cabinet today approved the Fraud Prevention and Correction Plan for tax, labour and social security, in order to respond to changes in the type of fraud taking place due to the current economic crisis, especially in relation to the black economy and undeclared work.
Continue reading Spanish Fraud Prevention and Correction Plan
