Units for rent in Palma, Mallorca
The pandemic had a highly negative impact on businesses in Mallorca.
Thousands of Balearic businesses wanting extension to loan agreements
These are loans from the Spanish government that were granted because of the pandemic.
Food store in Palma, Mallorca
Balearic government making more investment finance available to business.
Increased investment finance available to Balearic businesses
Loans of up to one million euros for priority investment projects.
Local business guide in Mallorca
Check our guide and see if we have what you are looking for!
Balearics recover over 90% of businesses active in 2019
A fall in the number of businesses last year had more to do with "hibernation" than destruction.
Congress approves 1,000 million euros aid for the Balearics
The Balearics will receive a larger share of the aid package than other regions.
1,000 million euros of state aid for Balearic businesses
Over 40,000 businesses, including the self-employed, are set to benefit.
Over 50% of Balearic businesses expecting increased turnover this year
One in five businesses expect that the virus will end up being endemic.
Almost 4,000 businesses disappeared in 2020
The loss of businesses was greater than in the worst year of the financial crisis.
Online fraud on the increase in Mallorca
Online fraud on the increase.
Pandemic has led to an increase in online fraud
Fifteen per cent of businesses have reported security incidents over the past year.