Balearic public spending 3rd lowest in Spain
The Court of Accounts report was prepared with Ministry of Health data and Satellite Accounts of public health spending.
Spain's economy moving in the right direction
After a disastrous 2020, GDP soared in the second quarter, with domestic demand adding 20.3 points to year-on-year figures.
Balearics had 5th highest GDP debt in Q1
Catalonia, the Valencian Community, Madrid and Andalusia accounted for two-thirds of all debt in the first quarter.
People earning mega-salaries in the Balearics
There are 3,934 employees who receive a salary of between 150,000 and 600,000 euros.
Forbes Magazine publishes 35th Annual 'Rich List'
2,755 people worldwide have assets worth more than 1 billion euros.
Euro Exchange rate £1.17 for Easter holiday weekend
Analysts say the weakness of the European currency is related to the strength of the US economy under President Joe Biden.
All jobs safe at Eroski
The partnership deal means Eroski will be able to repay 315 million euros worth of debt at end of 2021.
Multi-million-euro fund for Mallorca's Councils
“40% of the Municipalities will receive an investment of half a million euros or more,”
Five bids on the table for Majorica
The judge has ordered that two basic criteria be met when deciding who will take over Majorica.
Balearic Government up to its ears in debt
The Comptes Syndicate report estimates that under-financing of the Islands has caused 3,360 million euros worth of debt.
Mallorcan investors scrambling to buy Bitcoins
“Young people are not afraid of Bitcoin and invest small amounts, but it is a very speculative and risky asset.."
Is Amazon coming to Mallorca?
"Local businesses will suffer if Amazon comes to Mallorca.."
20 year economic setback in the Balearic Islands
Andalucia is the poorest Community in Spain closely followed by the Canary Islands.
13,000 jobs at risk as UK Fashion Group collapses
“In the face of the most difficult trading conditions we have ever experienced, the obstacles we encountered were far too severe.."
Mixed reviews for 'Black Friday'
"Even if it was a good day, you wouldn't save the whole year.."
El Corte Inglés slashes prices for Black Friday
The Black Friday sale at El Corte Inglés will continue until November 29 with bargains in every department.
More shopping hours in Palma this weekend
Hundreds of people will be searching for bargains during 'Black Friday' weekend.
Vaccines important for Mallorca tourism recovery
Tourism recovery will obviously be key to Balearic economic improvement.
Balearics forecast to be highest-growth region in 2021
BBVA Research's forecast for the fall in GDP in 2020 isn't as pessimistic as the government's.
- Britons cash in on the outgoing Golden Visa in Spain to beat the 90 day rule
- After a holiday in Mallorca Richard Gere moves to Spain
- Laura Hamilton: “I’ve always loved Mallorca, I just wished I’d bought here earlier...”
- Take a look at what's on offer in our Classifieds this week!
- Russian-owned Black Pearl in Mallorca
Comment
Not such a sweet New Year
"Spain has approved its new budget but if you have a sweet tooth, beware.."
Humphrey Carter30/12/2020 11:04