People earning mega-salaries in the Balearics
There are 3,934 employees who receive a salary of between 150,000 and 600,000 euros.
Forbes Magazine publishes 35th Annual 'Rich List'
2,755 people worldwide have assets worth more than 1 billion euros.
Euro Exchange rate £1.17 for Easter holiday weekend
Analysts say the weakness of the European currency is related to the strength of the US economy under President Joe Biden.
All jobs safe at Eroski
The partnership deal means Eroski will be able to repay 315 million euros worth of debt at end of 2021.
Multi-million-euro fund for Mallorca's Councils
“40% of the Municipalities will receive an investment of half a million euros or more,”
Five bids on the table for Majorica
The judge has ordered that two basic criteria be met when deciding who will take over Majorica.
Balearic Government up to its ears in debt
The Comptes Syndicate report estimates that under-financing of the Islands has caused 3,360 million euros worth of debt.
Mallorcan investors scrambling to buy Bitcoins
“Young people are not afraid of Bitcoin and invest small amounts, but it is a very speculative and risky asset.."
Is Amazon coming to Mallorca?
"Local businesses will suffer if Amazon comes to Mallorca.."
20 year economic setback in the Balearic Islands
Andalucia is the poorest Community in Spain closely followed by the Canary Islands.
13,000 jobs at risk as UK Fashion Group collapses
“In the face of the most difficult trading conditions we have ever experienced, the obstacles we encountered were far too severe.."
Mixed reviews for 'Black Friday'
"Even if it was a good day, you wouldn't save the whole year.."
El Corte Inglés slashes prices for Black Friday
The Black Friday sale at El Corte Inglés will continue until November 29 with bargains in every department.
More shopping hours in Palma this weekend
Hundreds of people will be searching for bargains during 'Black Friday' weekend.
Vaccines important for Mallorca tourism recovery
Tourism recovery will obviously be key to Balearic economic improvement.
Balearics forecast to be highest-growth region in 2021
BBVA Research's forecast for the fall in GDP in 2020 isn't as pessimistic as the government's.
Internet shopping figures for 2020
In the last decade online shopping has more than doubled in the Balearics which has caused a massive slump in sales in small and medium sized businesses.
The Swings & Roundabouts of the Balearic Economy
"We predict that 2021 will be a year of transition where only part of the level of GDP will be recovered.."
Economy
Calvia Budget problems
Calvia Town Council says surplus savings will be "invested in basic aid and used to boost economic recovery.."
- Spain wants Britons to show they have 113.40 euros, £97, per day for their holidays
- Big changes on the horizon when Britons travel to Mallorca
- Over two hours for Britons to get through Palma airport queues
- Palma Airport passport control "collapse" put down to unscheduled flights
- Living in a motorhome in Palma: "It'll only get worse"
Comment
Not such a sweet New Year
"Spain has approved its new budget but if you have a sweet tooth, beware.."
Humphrey Carter30/12/2020 11:04