Business
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.
Property
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"
Construction
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.”
Tourism
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.
Economy
Unemployment falls by almost 10% in the Balearics
Registered unemployment in the Balearics fell last year to 75,784 unemployed.
Construction
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.
Economy
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.
Retail
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.
Economy
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.
Politics
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.
Economy
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.
Business
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.
Tourism
Tourists just keep on coming
Most of Palma’s hotels were fully booked over the Bank Holiday weekend.
Employment
Balearic unemployment will fall over the next two years
The Balearics would have the fifth highest unemployment rate in the country next year.
Employment
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.
Economy
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.”
Finance
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.
Taxation
Income tax increases will apply to this year
On income tax, the increases apply only to those earning 70,000 euros or more.
Employment
Unemployment soared in October ... but it was normal
Unemployment in the Balearics rose by over 19% in October.
Business
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.
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