The Junta has admitted that due to a failure to pay the last installment of 1,5 million euros to the construction company, work on the Almanzora motorway has stopped. Aldea-BSK, the construction consortium, has refused to comment, but workers failed to turn up from late last week. It seems that the blockage is over the payment for the concrete beams they use as part of the foundations. They are made in Antequera, and the company Continue reading Almanzora motorway works stop again due to lack of cash
450.000 persons (351.588 in the first nine months of the year) are expected to arrive in Spain compared to 589.850 that are leaving tempted by opportunities they can’t find in the country, which would generate a deficit of 130.850. “Looking at the numbers we can only think in the current economic situation” said INE Deputy head Sixto Muriel who anticipates that negative migration will continue until at least 2020, the last year that was considered. Continue reading Spain no longer wonderland: in 2011 more people are leaving than arriving — MercoPress
Spain’s unemployment rate could climb to 23 per cent next year, the Organization for Economic Cooperation and Development said Monday in its latest global Economic Outlook. The Paris-based body of 34 mainly developed nations predicts that the Spanish economy will end this year with 0.7 per cent growth before slipping back into recession in 2012 with a 0.3 per cent reduction in gross domestic product (GDP). http://businesstoday.intoday.in/story/spain-jobless-rate-recession-global-economic-meltdown-euro/1/20500.html Posted from WordPress for Android – mobile blogging!