News archive for March 2010
Official inflation in Spain eases
According to official sources, Spanish annual inflation in February stands at around 0.9 percent, marking the fourth straight month in which prices have risen, easing deflation fears. The final inflation figure for the month published by the National Statistics Institute was in line with provisional data published on February 26 and reflected a drop in […]
VAT set to rise in July
The countdown to the rise of VAT has started. It is due for July and businesses are increasingly worried that this will force them to pay the tax, leading to less profit and loss of jobs, so that rising prices won’t scare customers away. The European Commission, which had predicted that Spain will start to […]
Houses evacuated
The storm continues to wreak havoc even during a month of the year where the province usually feels closer to spring than winter. The precipitation, which was not strong but still persistant over the weekend, combined with the shortage vegetation and already saturated ground has caused devastation to the countryside in areas such as Manilva, […]
Spain Jobless figures rise
The government announced on Tuesday that the number of registered unemployed in Spain has risen again by 82,132 people in February and now stands at 4.13 million as the country remains stuck in recession. The Employment ministry said that it was the seventh consecutive monthly increase in jobless claims and it follows the rise in […]