Friday, March 24, 2017

Economics

2nd edition of Ibiza’s first Real Estate App just launched

The Ibiza real estate company GHL – Gould Heinz & lang has just launched the 2nd edition of Ibiza’s first Real Estate App. Contents include updated objects, additional information to the 1st edition, interviews and news from Ibiza’s off-market. As a potential new property owner, by downloading this App you will find useful information to help you find the right property …

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Spanish economy records the biggest quarterly increase in jobs since 2005

Spain’s unemployment rate went down to 22.37% in the second quarter of the year, according to the National Statistics Institute’s (INE) latest Active Population labour force survey, which calculates jobless figures using International Labour Organisation (ILO) standards. Between April and June the Spanish economy created 411,800 jobs, a quarterly increase of 2.36%, leaving the total number of people in employment …

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May’s Spanish job market figures show further signs of recovery

Spain’s job market showed yet more signs of improvement today. New figures released by the Labour Ministry reveal that in May, 213,015 workers signed up to the Social Security system, a 1.25% increase on the previous month. May saw an increase of 592,937 people, a 3.57% rise compared to the same month last year. The monthly figure is the strongest …

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Spain’s economy sees biggest quarterly upsurge since 2007

The Spanish economy has stepped on the gas once again in the first three months of the year. Flash estimates by the National Statistics Institute (INE) show that gross domestic product (GDP) grew 0.9% between January and March, representing the biggest upsurge since late 2007, when the greatest crisis in half a century was about to hit Spain. The figure …

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The Pitiusa economy achieves a growth of 2.9%, more than Mallorca and Menorca combined

The entrepreneurial dynamism of Ibiza and Formentera is what is contributing more to improve the economy of Balears, as is apparent from the Economic Situation Report made public yesterday by the Government’s Minister for Economy and Competitivity , Joaquín García. This document shows that the Balearic economy as a whole increased its growth in the last quarter of last year …

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Spanish lender Sabadell in takeover talks with UK bank TSB

Spain’s Banco Sabadell has presented a “preliminary” proposal of 340 pence (€4.80) a share – a total of €2.4 billion – as part of talks to take over the UK’s sixth biggest lender, TSB Banking Group, according to a statement released today by the British bank. The board of TSB has expressed its willingness to back the Spanish bank’s offer at …

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Spanish house prices rose last year for the first time since 2008

The timid recovery of the Spanish real estate market has started to become noticeable in property prices. House prices experienced their first quarterly increase in late 2014, according to figures released today by the Public Works Ministry. There had not been an upturn in the market since early 2008. Prices rose 0.5% in Spain as a whole thanks primarily to …

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Fishermen suffer “significant losses” as a result of the weather

The storm that has hit the Balearic Islands in recent days has particularly hurt the fishing industry. As has happened in Formentera, Ibiza’s guilds have been forced to stay ashore since Friday 30th January, which has meant “significant losses” for the group. According to the figures used, and subject to the variability of this sector, the fleets of Sant Antoni …

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Brussels raises 2015 growth forecast for Spain to 2.3%

Brussels has raised its forecast for Spanish economic growth in 2015 to 2.3%, a significant increase from its previous prediction. After reducing Spanish growth prospects from 2.1% to 1.7% three months ago, the European Commission is now optimistic enough to have applied the biggest upward revision in the entire eurozone to Spain. After several years of doom and gloom, Brussels is now …

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Spanish unemployment gets off to a worse start in 2015 than last year

Registered unemployment in Spain rose last month, but it was the smallest increase for a January since 2007, the Ministry of Employment have announced. There were 77,980 new jobless claims last month, bringing the total unemployment figure to 4,525,691 individuals. In the last seven years, January jobless claim figures have risen by an average of 144,000 people. On a seasonally adjusted basis, …

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