Spain increases electricity bills to trim deficit

Spain said power prices would rise by 7 percent to help contain an accumulated 24 billion euro (20 billion pounds) deficit due to utilities selling electricity below nominal costs. Industry Minister Jose Manuel Soria said on Friday the increase would have been 30 percent if consumers alone had been required to pay to keep the “tariff deficit” within legal limits for this year, and to eliminate it next year. But utilities would also contribute by Continue reading Spain increases electricity bills to trim deficit

Spain’s Iberia seeks survival in low-cost launch

Spain’s Iberia launched its low-cost air carrier Iberia Express on Friday, defying union opposition as it pushes for commercial and financial survival in a tough environment. European airlines are battling soaring fuel prices, weak demand by cash-strapped consumers due to the euro-zone debt crisis and the burden of new taxes on air travel, as well as fierce competition from low-cost carriers such as Ryanair (RYA.I). Ryanair overtook Iberia, part of International Airlines Group IAG.L (ICAG.L), Continue reading Spain’s Iberia seeks survival in low-cost launch

Spain moves toward freedom of information law

Freedom of information in Spain came one step nearer Friday after the recently-elected government agreed to introduce a bill in response to widespread disgust over corruption and mismanagement by elected officials of both main political parties. The country’s Cabinet agreed to put forward legislation that will allow Spaniards to find out more about how their money is spent by government. Spain, which is struggling to get its public finances under control, is one of Europe’s Continue reading Spain moves toward freedom of information law

Spain to hike power rates

Spain’s centre-right government may decree on Friday an electricity rate hike of up to 7 percent for consumers and cut subsidies to power distributors by 10 percent, several newspapers reported on Saturday. However, government sources told Reuters there was no decision yet on the exact content or timing of pending energy sector reforms. The cut in subsidies to distributors would hold down Spain’s rising tariff deficit, which is backed by the government, by some 500 Continue reading Spain to hike power rates

UK expected to be warmer than Spain, Italy and Greece this weekend

Britain looks set to bask in sunshine this weekend as temperatures top those of many European destinations. London is expected to be warmer than Madrid, Rome and Athens as much of the UK enjoys balmy weather. Matt Dobson, meteorologist at MeteoGroup, the weather division of the Press Association, said even parts of western Scotland could be treated to sunny weather. http://www.independent.co.uk/news/uk/home-news/uk-expected-to-be-warmer-than-spain-italy-and-greece-this-weekend-7583745.html Posted from WordPress for Android – mobile blogging!

Activists Push To Keep Bullfighting in Spain

– The sport once romanticized by famous author Ernest Hemingway has lost its luster in recent years and supporters are now trying to get it back. Spanish premier Mariano Rajoy and Nobel literature laureate Mario Vargas Llosa are among 590,000 people who have signed a petition to Parliament urging bullfighting to be protected nationally and for a regional ban to be overturned. http://latino.foxnews.com/latino/sports/2012/03/22/activists-push-to-keep-bullfighting-in-spain/ Posted from WordPress for Android – mobile blogging!