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.
Internet shopping figures for 2020
In the last decade online shopping has more than doubled in the Balearics which has caused a massive slump in sales in small and medium sized businesses.
The Swings & Roundabouts of the Balearic Economy
"We predict that 2021 will be a year of transition where only part of the level of GDP will be recovered.."
Economy
Calvia Budget problems
Calvia Town Council says surplus savings will be "invested in basic aid and used to boost economic recovery.."
Economy
Good news for Balearic ports & airports
The Balearic Islands will benefit from Direct Investment and European Funds.
Economy
Ryanair takes legal action
Ryanair stepped up its campaign against state aid last September to prevent airlines being bailed out by governments.
Pieles de Mallorca closing
Pieles de Mallorca was founded in 1985 by Carlos Eduardo Borrego.
Viewpoint
Save small businesses
"I know it’s easier said than done but we’ve got to look around us and to the future.."
Economy
Restaurants fight for survival in Mallorca
Delaying the curfew in the Balearic Islands until midnight makes a massive difference to restaurant turnover.
Economy
Recovery, Transformation & Resilience Plan
The Recovery, Transformation & Resilience Plan contains the Government's strategy to address the coronavirus crisis and the challenges of the next decade.
Economy
Terrace permits for Calle Velázquez?
The irregular pavement that’s part of the design of Calle Velázquez makes it difficult to put tables and chairs outside the bars.
Economy
Visitor spending plummeted in 2020
Tourist spending dropped by 85.7% in the first 8 months of the year compared to 2019.
Economy
Restaurateurs may receive aid
Palma City Council is studying a global plan of new aid for restaurateurs and other businessmen for 2021.
Economy
Second-hand car sales plummet
People are spending €2,500-€5,000 euros on a used car, whereas they would usually spend €6,000-€8,000 on average.
Economy
Thousands applying for financial aid
Calvia has approved 921 applications for financial support to cover back to school expenses.
Economy
Growing number of millionaires
The average assets declared in the Balearic Islands in 2018 was 3.1 million per taxpayer.
Economy
ERTE overpayment bombshell
Millions of people in Spain have been paid ERTE benefits they were not entitled to.
Economy
No expiration date for ERTE
ERTEs will continue for as long as the coronavirus situation in the Balearic Islands is uncertain.
- What a carry on! European Union abandons full launch of new travel entry system for Britons in favour of "phased rollout"
- Uncertainty surrounds EU Entry/Exit System implementation
- Fresh hope for Golden Visa in Spain
- Living in Palma Airport - Safe and warm
- Laura Hamilton: “I’ve always loved Mallorca, I just wished I’d bought here earlier...”
Viewpoint
The economy
“I must have missed the economic miracle which the government mentions...”
Jason Moore06/11/2020 09:55