Economic Articles
Costa del Sol has most expensive petrol
A litre of unleaded petrol now costs an average of €1.26, while diesel is at more than €1.20. Laura Muñoz has been trying to make the little diesel left in her car last for days. On the way to work she eventually has to stop for petrol and is astonished to find that after spending […]
From Malaga to Mecca – Full steam ahead
High speed AVE trains being built in Los Prados, Malaga, could be used by passengers making their pilgrimage to the city of Mecca – the holiest meeting site in Islam – in Saudi Arabia. This follows a visit from a delegation of Saudis to the works site of the AVE in Malaga to decide if […]
First half of year shows increase in property sales to foreign buyers
According to statistics from the Ministry of Housing, property sales to foreigners in the first half of the year went up by 26.2% in the province of Malaga. This was the Spanish province with the largest number of sales made to non-Spaniards during this same period around 1,814. The average figure for Andalucía also grew […]
Zapatero – General strike will not be assesed in terms of success or failure
The government has made it clear that it intends to respect the right to strike tomorrow but it also asks for the right of every person to go to work if he or she wants to; at the same time it promises not to enter into a numbers war with regard to turnout. A committee […]
Spain invokes EU rule to aid struggling coal miners
Spain will on Wednesday secure approval from European regulators to grant its struggling coal mines guaranteed orders from electricity generators through until the end of 2014, an EU source said. Madrid has invoked a rule that allows it to ensure that electricity producers source nine percent of their energy input from domestic coal during that […]
Spain general strike underway
The seventh general strike since democracy began here in Spain began at midnight last night, a strike called by the CCOO and UGT unions in protest at the government’s labour reform bill. It is the unions’ intention to bring the country to a standstill from midnight on Tuesday until midnight on Wednesday. For the first […]
Spain general strike causes travel chaos
Spaniards suffered rush-hour travel chaos and pickets gathered outside factories as unions launched a 24 hour general strike this Wednesday to protest tough government labour reforms and austerity measures. In Madrid, frustrated commuters walked to work or waited at bus stops or at metro stations, rubbish was left uncollected and thousands of union leaflets urging […]
Official Data put Spain’s GDP up 0.2% in second quarter
Spain confirmed its timid recovery from recession on Thursday with 0.2% growth in the second quarter, final official data showed. The figure, which confirmed provisional data issued by the National Statistics Institute (INE) on August 13, follows growth of 0.1% in the first quarter when Spain emerged from recession. On a year-on-year basis, Spanish Gross […]
Clegg and Zapatero to meet
The Spanish president, José Luis Rodríguez Zapatero, is having dinner this evening in the Moncloa Palace with the British deputy prime minister, Nick Clegg. They will be analysing the development of the economic crisis and the rescue policies put into place by the different European countries. This will be Clegg’s first visit to the Moncloa […]
Austerity anger grows in Europe
Tens of thousands of public workers went on strike in Spain and powerful German unions warned of street protests on Tuesday amid growing anger over huge austerity cuts by debt stricken governments. Tensions also mounted between European Union governments over how to slash spending with Britain rejecting an EU plan for all national budgets to […]