The Bank of Spain reported Wednesday that it’s economy has fallen 1.8% in the first trimester of 2009 and 2.9% over the last year. Spain hasn’t seen this steep of a decline in their economy since the 1970’s according to Spain‘s National Institute of Statistics. Multiple factors are to blame for the deepening recession including […]
Spain’s Princess Cristina Moving to US
The Duke and Duchess of Palma will be moving to Washington, D.C. by the end of the summer, as confirmed by the royal palace yesterday. The Duchess, Princess Cristina, 43, is the youngest of Spain’s King Juan Carlos’ three children and is seventh in line to the throne. The Princess, her husband, Iñaki Urdangarin, and their four children […]
22 Hell’s Angels Arrested In Spain
The police of Spain known as the Guardia Civil in conjunction with Barcelona’s los Mossos d’Esquadra arrested approximately 22 alleged members of the Hell’s Angels Motorcyle Club on Tuesday. Two of those detained were from the Italian branch of the club. The arrests took place in Valencia, Barcelona, Las Palmas de Gran Canaria, Madrid, Malaga, Alicante and Murcia. […]
Unemployment Rises In Spain
Spain’s total unemployment is up 3.55% in March 2009. Among the different regions Andalucia and Valencia have the highest rate while the Balearic Islands have the lowest rate. Unemployment is almost evenly distributed among the genders with men slightly higher by approximately 3,000. Sectors most affected are the service industries, construction, and agriculture. Unemployment rose 2.57% in Andalucia alone […]
The Spanish Advantage? Low National Debt
Thanks to Spain’s low public debt, Prime Minister Jose Luis Rodriguez Zapatero feels that his country will be able to put into effect new stimulus plans needed in the near future should current measures fail. During an interview with major financial newspapers he stated that he feels Spain has plenty of room regarding national debt. Other European […]
Skype is now available for businesses.
Skype can now boast being one of the leaders in maintaining communications internationally with over 405 million registered international users. According to TeleGeography, 8% of all international calls were made via Skype services in 2008 which is up 41% from the previous year. Over 380 billion minutes of international calls were used last year which […]