How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
...you can learn Spanish at a variety of locations across Spain, online or residential and day courses in Spain?
Regardless of your standard, and whatever level you wish to reach Don Quijote has a program to suit your needs!
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Mr Grumpy v The Spanish Lifestyle
- Daily Brief - Friday 6 December 2013
- Join us for FREE IHT advice in Murcia & Costa Calida
- Madrid : Spain's Fashion Centre
- Gibraltar Relations
- Pensioners 'misled' by Co-op Bank
- UK Inflation no problem for Governor Carney
- Retiro Park : Madrid
- Spanish Tourism Stats Confusion
- Wincham announce opening of Marbella office
- Unauthorised Financial Advisers in Spain : UPDATE
- Community Insurance in Spain
- Calendar Girls
- Own a Property in Spain ? Then you need to read the following
- Considerations when Insuring your Boat in Spain
Zapatero unveils 10 year reform plan
Friday of last week saw Spanish ministers giving the green light to a far reaching 10-year reform plan intended to bring the economy away from its dependence on construction and create broader, more sustainable growth in the country’s fights against recession.
The proposal is now due to go before Parliament, and features all areas of the economy from tighter supervision of the financial sector — such forcing listed companies to tell shareholders how much their executives earn — to measures making it easier for the setting up of small businesses in Spain.
The bill also calls for larger tax breaks for companies that invest in research and development, more help for Spanish exporters and changes that force government agencies and other businesses to pay faster for services or goods bought from private-sector suppliers.
It also boosts vocational training in a country that turns out armies of university graduates who often end up underemployed.
Prime Minister Zapatero called the bill essential to Spain's present and future: "For the present because it must contribute to economic recovery and returning to the path of job creation, and for the future because it is a key piece for a new growth pattern."
Spain, once among Europe's largest creators of jobs and boasting more than a decade of solid GDP growth, is now suffering its worst recession in decades. It has been in recession since the third quarter of 2008 after the collapse of a boom fueled by residential construction. The building sector and related industries had accounted for nearly 20 percent of the country's economic output.
Today the unemployment rate stands at almost 19 percent – the highest in the Eurozone - after roughly doubling in just under two years, and is expected to hit 20 percent or more. While the euro zone as a whole has edged out of recession, Spain is not expected to post year-on-year growth for another 12 months.
The Government first unveiled the reform package late last year, and conservatives have given it a tepid welcome, saying it lacks key ideas like loosening up rigid labor laws blamed for discouraging companies from hiring.
Latest News & Stories
- Spain's El Gordo Lottery Tax Breakdown
- 3 Earthquakes in Lorca, Murcia
- Spain Appoints Cybersecurity Council
- Sale of Spain's Ciudad Real Airport Underway
- Spain expects 10'000 Bankruptcies in 2013
- Contract awarded to complete works at Castellon Airport
- Major delays with UK-Spain flights this weekend
- UK Notes "Historic Parallel" Between Ceuta, Melilla and Gibraltar
- Paramount UK in line for Gov't windfall : A Lesson for Murcia ?
- Catalonia wants to cancel licenses for at-risk drivers