The Balearic Islands is one of the autonomous communities who else will feel the economic effects of the pandemic this winter. Without going any further, the archipelago is already in the lead in terms of job destruction in the hospitality sector, according to the figures for the month of November. The Spanish hospitality industry lost […]
Tag: Baleares
The figures of the tourist apocalypse: the Balearic Islands will have lost 13 million visitors and 14,000 million euros in 2020
The Balearic Islands are preparing to reposition themselves in the tourist market of 2021. The Balearic Government and Turespaà ± a have today staged their tuning for the development of a joint work with which to begin to rebuild on the hole that 2020 will leave. The pandemic has already left your invoice to the […]
“In Ibiza and Formentera the same is happening as in the entire Balearic Islands but much more accentuated”
Ibiza as the epicenter of the epicenter of the crisis. If the Balearic Islands have been the autonomous community most affected by the economic and tourist crisis derived from the utility, the Pitiusas are suffering even more if possible than the rest of the archipelago. Due to the greater dependence on tourist monoculture. For the […]
The Balearic economy will fall 20% this year and will not recover until 2023
BBVA Researh estimates that the Balearic economy will fall by 20% in 2020 due to the uncertainty and the effects of the health pandemic, but estimates that it will be the community that will grow the strongest in Spain next year, with 10.5% GDP growth in 2021, above the national average of 6%. The Eastern […]
Six regional governments have already decided to freeze their salaries, contrary to the rise of the central Executive
The autonomous governments of Andalusia, Aragón, the Balearic Islands, Cantabria, the Canary Islands and Madrid have already communicated that the salaries for 2021 of the senior positions of their Executives will not experience any change with respect to those of 2020, in contrast to the salary increase of 0 , 9% that the Government of […]
The Government approves the rescue of 475 million for Air Europa
The Government has given the green light to the rescue of the airline Air Europa for a total of 475 million euros, as announced by the Minister Spokesman, Maria Jesus Montero, in the round after the Council of Ministers. The rescue will be carried out through the Government rescue fund for strategic companies managed […]
Unemployment rises almost 6% in October in the Balearic Islands and reaches 81,713 unemployed
The Balearic Islands registered a total of 81,713 unemployed in October, which represents 5.97% more than in September (4,601 more unemployed), according to data published this Wednesday by the Ministry of Labor and Social Economy. This level of unemployment It is 61.53% higher than in October 2019, with 31,127 more unemployed than then. Thus, the […]
The coronavirus buries in Mallorca a century of artificial pearls and their secret formula
The artificial pearl business on the island of Mallorca has survived the Spanish flu, two world wars, the Civil War, but has not been able to overcome the coronavirus. Majorica, emblem of the island, and with about 300 workers, has entered into bankruptcy. The company has requested that a bankruptcy administrator take over the […]
The Government recognizes that direct investments place the Balearic Islands “clearly below the average” and the PP qualifies it as an “affront”
The Minister of Finance and Foreign Relations of the Government, Rosario Sánchez, has assured this Thursday that the direct investments for the autonomous communities foreseen in the preliminary draft of the General State Budgets they place the Balearic Islands “clearly below the average for the rest of the State”, with a total of 201.64 million […]
The Balearic Islands have 32,700 more unemployed than a year ago and reached 87,000
The Active Population Survey (EPA) counts about 87,000 unemployed in the third quarter in the Balearic Islands, which represents 9.45% less than in the previous quarter, with 9,200 fewer unemployed, but a rise of 59.2% compared to a year before, with 32,700 bad stops. The Balearic Islands thus lead the year-on-year increase in unemployment […]