Overall, car sales in the Balearics rose by over 25% last year, with 31,168 new cars having been bought.
“The next five years are going to see demand for the luxury Ibiza brand explode worldwide, in America, Asia and the Middle East"
“It is illogical to take measures which only succeed in frightening away investors and creating a feeling of legal uncertainty in the Balearics.”
By the end of November last year, Balearic ports had handled 773 cruise liners and 1.7 million passengers.
Registered unemployment in the Balearics fell last year to 75,784 unemployed.
The combination of new building and renovation resulted in a 90% increase in investment for the first ten months of the year.
Staff were taken on at the fastest rate for eight years, as retailers tipped the best Christmas since recovery from deep recession.
A percentage rise of 9.7% in the Balearics was 5.5 points above the national average of sales growth.
These incentives would correspond to the establishment of a business investment zone in the Balearics similar to that which exists in the Canaries.
This block on a salary rise will mean that they will get less than had been earmarked in the budget for 2016.
The Moody’s analysis of Catalonia is that uncertainties are being caused there both in respect of the independence issue and fiscal consolidation.
During the summer the number of tourist businesses was at its highest level since 2009: almost 12,000 compared with the 10,500 six years ago.
Most of Palma’s hotels were fully booked over the Bank Holiday weekend.
The Balearics would have the fifth highest unemployment rate in the country next year.
The actual number of registered unemployed people in the Balearics, as of November, was 77,187.
“Domestically, the main risks are associated with the uncertainty of economic policies in the medium term.”
The tourist tax alone, were it destined for debt payment, would have to be collected for eight years in order just to pay off current interest.
On income tax, the increases apply only to those earning 70,000 euros or more.
Unemployment in the Balearics rose by over 19% in October.
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