Etiqueta 'Economy'


Luxury car sales in the Balearics almost doubled last year

Overall, car sales in the Balearics rose by over 25% last year, with 31,168 new cars having been bought.

Majorca Daily Bulletin reporter25/01/2016 00:00


Ibiza real estate demand “to explode worldwide in 2016”

“The next five years are going to see demand for the luxury Ibiza brand explode worldwide, in America, Asia and the Middle East"

25/01/2016 00:00


Builders predicting recession because of government policy

“It is illogical to take measures which only succeed in frightening away investors and creating a feeling of legal uncertainty in the Balearics.”

Majorca Daily Bulletin reporter15/01/2016 00:00


Balearics is the second busiest cruise destination

By the end of November last year, Balearic ports had handled 773 cruise liners and 1.7 million passengers.

Majorca Daily Bulletin reporter15/01/2016 00:00


Unemployment falls by almost 10% in the Balearics

Registered unemployment in the Balearics fell last year to 75,784 unemployed.

Majorca Daily Bulletin reporter05/01/2016 00:00


Building projects for new homes doubled last year

The combination of new building and renovation resulted in a 90% increase in investment for the first ten months of the year.

Majorca Daily Bulletin reporter04/01/2016 00:00


Spanish economic recovery boosted jobs for festive season retail jobs

Staff were taken on at the fastest rate for eight years, as retailers tipped the best Christmas since recovery from deep recession.

Majorca Daily Bulletin reporter02/01/2016 00:00


Balearic retail sales soared in November

A percentage rise of 9.7% in the Balearics was 5.5 points above the national average of sales growth.

Majorca Daily Bulletin reporter29/12/2015 00:00


Investment tax incentives proposed for the Balearics

These incentives would correspond to the establishment of a business investment zone in the Balearics similar to that which exists in the Canaries.

Majorca Daily Bulletin reporter19/12/2015 00:00


Balearic ministers' pay to be frozen in 2016

This block on a salary rise will mean that they will get less than had been earmarked in the budget for 2016.

Majorca Daily Bulletin reporter10/12/2015 00:00


Tourist business registrations the highest for six years

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.

Majorca Daily Bulletin reporter08/12/2015 00:00


Moody’s puts Balearic growth at 2.6% 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.

Majorca Daily Bulletin reporter08/12/2015 00:00


Tourists just keep on coming

Most of Palma’s hotels were fully booked over the Bank Holiday weekend.

Humphrey Carter07/12/2015 00:00


Balearic unemployment will fall over the next two years

The Balearics would have the fifth highest unemployment rate in the country next year.

Majorca Daily Bulletin reporter03/12/2015 00:00


Unemployment in the Balearics rises but doesn't everywhere

The actual number of registered unemployed people in the Balearics, as of November, was 77,187.

Majorca Daily Bulletin reporter02/12/2015 00:00


Bank of Spain stresses importance of consolidating economic recovery

“Domestically, the main risks are associated with the uncertainty of economic policies in the medium term.”

Majorca Daily Bulletin reporter02/12/2015 00:00


Debt repayments suffocating the Balearic government

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.

Majorca Daily Bulletin reporter23/11/2015 00:00


Income tax increases will apply to this year

On income tax, the increases apply only to those earning 70,000 euros or more.

Majorca Daily Bulletin reporter11/11/2015 00:00


Sale of new cars increases in the Balearics

The total number of new cars and four-by-fours that were sold reached 26,634, 27 per cent up on the previous year.

Majorca Daily Bulletin reporter02/11/2015 00:00