Euro Weekly News | Finance
SO how are your saving goals coming along? If it’s anything like my goal to get trim for summer, I’m worried. Let me explain. The other day I picked up a cute peach-coloured bikini in a shop. As my body has been hidden away under layers of jeans and jumpers…
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SPANISH Spending habits are changing. Spanish consumer confidence has remained low for nine months, with 76 per cent now believing that their personal finances will go badly over the next 12 months, Nielson found. The crisis influences what they buy, 86 per cent told a survey by marketing research specialists…
TELEFONICA has seen its headline net income rise 20.6 per cent in the first three months of the year. The multinational company made €902 million world wide, but after excluding exceptional items from last year and this, net income was down 7.9 per cent. Sales fell 8.8 per cent to…
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HACIENDA plans to slap an extra 10 per cent tax on alcohol. The present €8.30 a litre of alcohol is set to rise to €9.13. Spain imposes one of the lowest tax rates in Europe with only Italy, Romania and Bulgaria charging less. Wine, which is not taxed on alcohol…
SPAIN has been popular holiday destination among Europeans, but now it seems Americans want a piece of the action too. According to the country's tourism research agency Frontur, arrivals from the US increased by 35.7 per cent to almost 100,000 in March 2013 compared to 2012. This is the highest…
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FOREIGN tourists to Spain spent €3.28 billion in March, up 13.7 per cent over the same month of 2012. On average each person spent €963, and average spending per day of €110 represented increases of 5.4 per cent and 5.1 per cent, respectively, according to the Egatur Tourist Expenditure Survey,…
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IT'S not just a glass ceiling holding women back in the professional world of work these days. According to a new study, a fear of being left single and lonely is what stops many women going for it and becoming the next Big Player within their industry. That's right! A…
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CRISIS-HIT Spaniards now tend to shop for food under one roof. With 25,000 closures since 2009 the greatest losers are covered-market stalls, independent shops and provincial or regional supermarkets. Hypermarkets have also felt the pinch but the big winners are the national chains. The food sector has suffered less than…
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EIGHTY-SEVEN European car factories have closed in the last two years, with further closures expected. Ford’s Almussafes plant just outside Valencia city has emerged unscathed from restructuring although the Detroit-based company is closing factories in Dagenham and Southampton in the UK as well as the Genk plant in Belgium. Ford…
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FLAMENCO dresses mean more than dancing or Sevilla’s Feria de Abril. They also provide employment for seamstresses, lace-makers and accessory-makers. “Entire villages put fringes on shawls!” exclaimed Jose Victor Rodriguez Caro of Victorio & Lucchino. Exports earned €523.3 million last year and Japanese demand doubled between 2011 and 2012 to…
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CARS sales rose in Spain by almost 11 per cent last month, following seven months running of falling figures. Almost 62,320 new cars were sold, which is 10.8 per cent more than the previous month, according to the manufacturers, sellers and dealers associations. They say this is thanks to the…
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BANCO SABADELL has bought out Britain’s Lloyds bank’s Spanish retail banking activities in a €100 million deal. Lloyds will get up to €20 million cash over five years plus a 1.8 per cent stake in Sabadell worth about €84 million. The deal includes Lloyd’s retail and private banking business and…
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GOOD news for those running a business that’s attractive to tourists anywhere along the Spanish coast. Holidaymakers from the UK, Ireland and other northern European countries may well be flocking to Spain for summer fun this year, due to very reasonably priced Mediterranean holiday packages. According to a British holiday…
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THANKS to Herve Falciani, the Madrid regional government has recouped €50 million. Between 2006 and 2008. The former HSBC employee, who has dual French-Italian nationality, compiled a CD giving details of 130,000 clients with concealed money in Swiss accounts. This was conveniently “seized” by the French government. He is…
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SPANISH families spent 3.8 per cent of their food budget on cheese last year. The average of €56.34 per person was 0.1 per cent less than in 2011. Consumption fell by 1 per cent to an annual 7.9 kilos, revealed a ministry of Agriculture report. The Spanish might have eaten…
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- Spain's General Traffic Department will use radar to check for car insurance (Spain) Written by G.M It will be interesting to see what they come up… on Tuesday, 14 May 2013 16:15
- Spain to restrict private holiday rentals (Spain) Written by R. Göbel You failed to mention the main reason why this new… on Sunday, 12 May 2013 13:14
- Blood pressure keeps rising at TripAdvisor’s dodgy rankings (Nora Johnson) Written by Tom And your three Michelin star restaurant is the best one… on Friday, 10 May 2013 14:16
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