News desk
THE Balearic government is to set aside a total of 13 million euros for aid programmes to help support the Islands' industry, craft, commerce and public service sectors.

According to Josep Joan Cardona, regional minister for Commerce, Industry and Energy, Balearic authorities have planned to continue increasing the subsidies budget. The decision comes in the wake of a record quantity of 1'981 requests for government assistance to fund improvements.

Following the signing of a collaboration agreement with seven Balearic banking organisations (BBVA, La Caixa, Sa Nostra, CAM, Caixa Rural, Banca March and Colonya Caixa Pollensa), Cardona explained that the purpose of the accord was to speed up the process of paying out the government subsidies (which will be exempt from commission), and aims to demonstrate the Balearic authorities' interest in furthering the interests of small and medium-sized businesses (“Pymes”). Tax and Innovation minister, Lluis Ramis de Ayreflor, signalled that the project is “official support for competitive business” and the aim is for companies to receive the subsidies as soon as possible to fund development and improvement.

Of this year's applications, confirmed de Ayreflor, 63 percent had been to fund modernisation and upgrading, and 19.5 percent were made with a view to opening new businesses.


The content of comment is the opinion of users and netizens and not of

Comments contrary to laws, which are libellous, illegal or harmful to others are not permitted'); - reserves the right to remove any inappropriate comments.


Please remember that you are responsible for everything that you write and that data which are legally required can be made available to the relevant public authorities and courts; these data being name, email, IP of your computer as well as information accessible through the systems.

* Mandatory fields

Currently there are no comments.