Economy
An innovation future for the Balearic economy
IBClusters is a strategic, non-profit organisation which brings together innovation clusters on the islands, the Majorca Chamber of Commerce and the University of the Balearic Islands.
Economy
Over 30% of Balearic jobs are in the tourist industry
31.1% of all those in work in the Balearics are employed in the tourism sector, way above the national average of 13.5%.
Finance
2016 budget will be the Balearics highest ever
Represents “a turn to the left” which “will redistribute wealth and diminish inequalities”.
Business
Cruise industry is worth nearly 300 million euros
Cruise passengers spend an average of 112 euros per day in port.
Tourism
Foreign tourist spending in the Balearics continues to rise
Foreign visitors to the Balearics have so far spent nearly seven per cent more than last year.
Tourism
Business tourism up 9%; worth nearly €4.4 billion
Spain received a total of 4.31 million business tourists last year or 6.6% of the total, representing a 6% increase over 2013.
Society
Balearic quality of life one of the highest in Spain
84% of people in the Balearics believe that they have a good quality of life.
Banking
CaixaBank Q3 profit up 26 per cent to 288 million euros
The profit fell short of an average forecast of 307 million.
Employment
The Balearics outperforms national employment market
Unemployment in the Balearics for the third quarter was down by 13.6% (14,000).
Tourism
Almost a quarter of all tourists to Spain came to the Balearics in September
In September, there were 7.2 million tourists, which was up by 2.2% over 2014, with the UK providing the most.
Employment
Employment opportunities for Balearic youth increase
In the Balearics, where there was one of the highest proportions of ni-nis last year, the number is down by six points.
Welfare
Balearic poverty risk falls more than elsewhere in Spain
The rate was 23.8% in 2014, which is the lowest for five years.
Economy
Spanish budget may break EU guidelines
Spain has left behind recession and is now growing at one of the fastest rates in the euro zone, according to official figures.
Economy
Economic recovery helps mainland tourism to Balearics
Soria describes the summer’s tourism as having been “extraordinary” with “millions of consumers”.
Economy
Social income scheme will cost 20 million euros
The social income will ensure that all families in the Balearics are able to cover the cost of basic necessities.
Tourism
Cycling tourism worth more than 150 million euros
The most recent information indicates that in the past year some 160,000 cycling tourists came to the island.
Tourism
Spain promotes shopping tourism to prolong season
Deputy prime minister calls for a boost in shopping tourism to end the "seasonal nature" of the sector.
Economy
Economic growth from tourism well above other growth
The GDP contribution from tourism rose by almost 3% to 12,000 million euros, the fourth consecutive year of growth.
Employment
Balearic unemployment went up in September
Across Spain as a whole, unemployment was up in September by 0.64%, giving a total unemployed figure of 4,094,042.
Retail
Steady increase in Balearic retail sales
This was the fifth highest regional growth in the country, Valencia having been out in front with 6.1%.
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