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Due to Coronavirus and international travel restrictions, Spain saw 75% fewer international tourists in July, compared to the same month last year, and also took 79.5% less tourism revenue. The INE said 2.5 million international tourists visited Spain in July 2020, 75% fewer than in the same month last year, spending around 2.4 billion euros. During July, average spending per tourist stood at 994 euros, down by 17.8% on last […]
Spain has shed the most jobs during Covid 19, job losses in the first half of the year were nearly three times higher here than in any other European country. This does not take into account the furloughed workers still under the ERTE scheme, which allows employers to temporarily tell staff to stay at home or reduce their working hours. Once the state-funded job protection program ends, a clearer picture […]
Credit Suisse has applied for a licence to set up an investment bank hub in Madrid after Britain has left the European Union. The Swiss lender sought a licence from the Bank of Spain and the European Central Bank in July to upgrade its brokerage in the country to a bank. It expects to get the licence within a year and to be fully operational by mid 2021.
The latest figures released by the Spanish Health Ministry today for the number of people who have tested positive for Covid-19 is now 462,858. This is an overall increase of 23,572 against the figure released on Friday, although the ministry says that 2,489 of these infections occurred in the past 24 hours. Figures released today show that 1,656 people have required hospital treatment in the past 7 days, with 133 […]
Prime Minister Pedro Sánchez held a public event yesterday as he marked the end of parliament’s summer recess with a speech given in the presence of the country’s top business leaders. His message was one of unity amid the ongoing coronavirus crisis and was aimed squarely at the main opposition Popular Party (PP). The mere presence of the business leaders was, in itself, a political statement. Major figures such as […]
Benidorm has ditched its beach reservation system after just six weeks as there aren't enough tourists in the resort. The local council says sunbathers just have to turn up at the main Levante beach in the future as the prior booking site has been de-activated. In future, to help with controls over possible coronavirus outbreaks through beach parties, it'll now close at 9pm...a move which has been introduced in other […]
The Valencia government has asked for 150 army track and trace experts to boost the region’s efforts to crack down on the spread of Covid-19. The military personnel will join the more than 1,000 healthcare officials who are already working on the operation to trace contacts of newly-diagnosed coronavirus patients in the Valencia region, where health authorities have imposed a new lockdown on residents in the town of Benigánim after […]
Spain's economy minister says Spanish GDP has been growing at a rate of more than 10% so far in the third quarter following a record drop in the preceding quarter due to the impact of the coronavirus pandemic. Speaking at an event this morning, Nadia Calvino said that the labour market had also begun to recover.
Barcelona City Council has voted to withdraw the Gold Medal top honour that was awarded to Spain’s former king Juan Carlos I back in 1992. Juan Carlos left the country for Abu Dhabi in early August following on-going corruption allegations that include alleged payments from Saudi Arabia to a private bank account in Switzerland.
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