Expectations of further price drops impedes purchasers
Swans give city pond new life: In accordance with a tradition dating back to the times of the Moorish rule of Mallorca, two young swans were yesterday released onto a pond at S’Hort del Rei.... Luxury catamaran crashes in to rocks: A craft used to take tourists along the coast from Calvia was found smashed on rocks yesterday morning... Work begins on connecting seabed gas pipeline: 267km line will connect Balearics to Spanish gas supply network... Large rise in number of foreign nationals: Germans and Britons still the main groups... Cyclist becomes first Balearics road victim of 2009: Cause of accident unknown...
Saturday, July 4, 2009
Category | Economy
Bright prospects for Balearics economy
20 December 2008
Think tank says that Balearics will be the autonomous region to achieve economic growth in 2008-2010
Tennis ace Nadal to represent Balearics
27 November 2008
The world’s number one tennis player, Rafel Nadal, has been chosen to be the representative of the Balearic islands to the outside world
Unemployment set to rise in New Year
23 November 2008
More job losses forecast unless spending picks up over Christmas
Steep drop in lending to local businesses
16 November 2008
Banks are cutting back lending to businesses in the Balearics, but tourism and agriculture may get off lightly
Millionaires in Mallorca face big cut in spending
07 November 2008
Mallorca is one of the most attractive places for a millionaire to spend money even though inflation has seen the purchasing power of one million pounds shrink dramatically since the first tourists jetted to the region.
Unemployed get mortgage breaks of up to 50 percent
07 November 2008
Thousands of unemployed home owners in the Balearics were yesterday thrown a lifeline by the Spanish government when the Prime Minister, Jose Luis Rodriguez Zapatero, announced that unemployed home owners could be entitled to a new 50 percent mortgage payment suspension programme.
Unemployment rate rises to 10.9 percent
07 November 2008
Unemployment in the Balearic Islands growing faster than expected.
Tourism will “save the Balearics from recession”
07 November 2008
The President of the Mallorcan Chamber of Commerce, Juan Gual, yesterday proclaimed that the region’s strong tourism industry will prevent the Balearic economy from falling into recession.
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