Monday, March 27, 2017

Economics

The European Central Bank will buy 10% of Spain’s public debt

The European Central Bank (ECB)’s plans to inject liquidity into the euro zone include the purchase of around €100 billion of Spanish government bonds between now and September 2016. In the end, 10% of Spain’s public debt – which stands at over one trillion euros – will be in the hands of the ECB. Spanish government bond yields fell to …

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Fuel prices continue falling towards € 1 / litre

The price of fuel continues to fall at service stations in the Pitiüses as we enter 2015. Last summer a litre of gasoline rose above €1,50, while these days you can fill up at an average of €1,20. The owner of Fuels Ibiza and a member of the Association of Balearic Service Stations, Mariano Matutes, said that “there has been …

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Discounts of 50% start to revive sales in Eivissa

While many shops in Eivissa waited until the weekend prior to the Kings before offering discounts to encourage sales, and some not even until today, this was the day that people were really fully motivated to go out to find the best discounts and bargains. Although the ‘sales’ period has been ‘liberalised’, ie, businesses can put them up all year …

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The Pitiüses end the year with 11,296 unemployed, 0.75% less than 2013

Ibiza and Formentera again exceeded 11,000 unemployed last month. The number of unemployed registered at the SOIB was 11,296, a reduction of 0.75% on December 2013. This means that in December last year (2014) there were 86 less unemployed on the islands than in December 2013. Ibiza had 10,829 unemployed (0.4% less than in December 2013), while Formentera posted a …

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Shoppers waiting for the big discount sales

Although it is the second year that sales time have been liberalised and posters offering discounts of up to 50% hang in the shop windows of Eivissa, most consumers are waiting until after the holidays to benefit from better promotions. According to traders and customers questioned, gifts for the Reyes are what have most boosted sales so far. “Many do …

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Ibiza’s shoppers waiting for the big discount sales

Although it is the second year that sales time have been liberalised and posters offering discounts of up to 50% hang in the shop windows of Eivissa, most consumers are waiting until after the holidays to benefit from better promotions. According to traders and customers questioned, gifts for the Reyes are what have most boosted sales so far. “Many do …

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Eivissa is still the most expensive Balearic city for homebuyers

Eivissa has once again positioned itself as the most expensive of the Balearic Island’s population centres when it comes to buying a new home. Although overall property prices fell last year by 1.3%, according to a report by the Sociedad de Tasación (ST), the fact is that buying property in Vila costs, on average, €1,960 per square metre, €151 more …

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Traders complain about sales of warm clothing being delayed by late arrival of cold weather

The president of the Trade Association of Small and Medium Enterprises of Ibiza and Formentera, José Javier Marí, lamented that the weather conditions recorded in the Pitiusas in recent months, with higher temperatures than usual, are negatively affecting the shops on the island, who see their seasonal sales of warm clothing and footwear falling. “The winter is becoming shorter and …

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Abel Matutes resigns at the top of Banco Santander

The Ibicenco businessman and former minister, Abel Matutes, has resigned from the board of Banco Santander. The bank said in a statement that the heirarchy changes include those that mean the “partial replacement of a director of advanced age and much trusted by Emilio Botín”. The resignation of two of the most trusted of Emilio Botín’s men, Fernando de Asúa …

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