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Unemployment in Spain Tops 6 Million
New figures reveal that unemployment in Spain now affects 6,202,700 people. An increase of 563,200 over the previous year when 5,639,500 people were unemployed. The unemployment rate in Spain has reached 27.16% of the active population in the first...
Spanish Property Prices to Drop to Levels of 1989 says UBS
According to a report elaborated by UBS CIO Wealth Management, property prices in Spain are to continue dropping until they reach levels of 1989. The report was sent out to its private banking clients and stated that neither construction nor tourism,...
5,639,500 Unemployed in Spain
Unemlpoyment in Spain has risen by 365,900 in the first trimester, reaching a total of 5,639,500. The unemployment rate in Spain now stands at 24.44% according to the latest figures revelaed Friday by National Institute of Statistics. The number of households...
8,000 British Students Invade Salou During Annual Saloufest
Over 8,000 british students, one thousand more than last year, have invaded the Costa Dorada’s tourist resort of Salou in what is now the 12th edition of the Saloufest. The British operator I Love Tour assures that “the Saloufest is the best...
Over 50% Youth Unemployment in Spain
According to Eurostat, 50.5% of those younger than 25 in Spain are out of work. Eurostat notes that unemployment increased throughout the Eurozone and European Union, up to 10.8% and 10.2%, respectively, with Spain registering the highest unemployment...
Hotel Incosol in Marbella Closes After 39 Years
After 39 years, the hotel Incosol closed down on Sunday due to a lack of economic resources. The 130 workers have pledged to stay on and wait for an investor to buy the hotel. They will carry out maintenance duties and make an inventory of everything...
Spanish Property Sales Continue Collapsing
Spanish property sales have dropped 30.3% and 40.8% in the first and second trimester of the year, respectively. Existing home sales fell 6.3% in the third quarter compared to the same period in 2010 and reached 75,462 transactions, the second lowest...
New Nightclub for Deaf People Opens in Madrid
A new nightclub opened in the capital of Spain this month, catering for deaf people. The songs that play in the nightclub are accompanied by subtitled videos and sign language videos that are projected on various screens throughout the venue. The new...
Half of Spain “Addicted” to the Internet
Nearly half of all Spaniards (45%) claim to “be addicted” to the internet, amongst them, the majority are women and youngsters between 18 and 34. The figures come from the “Nestea Study about the Internet and Social Networks”,...
