Fiestas Las Cruces
Granada Airport is preparing itself over the next five days for a huge influx of flights for the Fiesta, Las Cruces. The airport is set to receive around 130 flights with over 22000 available seats in the coming weekend. Flights are generally via Spanair, Raynair Air, Clickair, Vueling, Clickair, and Iberia covering such destinations from [...]
La Mamola Breakwater Update.
Work is currently under way on the end 2 of the breakwater at the western end of the beautiful seaside village of La Mamola. This 2.4 million Euro project was started in December 2008, and expected to be complete around September 2010. The task has been undertaken to help reduce the erosion of the beaches [...]
Sad But True !!!
Sadly, due to high winds in late 2008, the oldest and tallest palm tree in La Mamola has been cut down. This palm tree was some 4 storeys high, and swayed proudly for decades in this village during the seldom windy periods that this Spanish pueblo endures.
Mortgage Debts Fall in Spain
Mortgage debts contracted by the Spanish families fell in February, amounting to 672.288 million euros, 0.1 percent less than in January, being a reduction for the third consecutive month, according to recent data Bank of Spain. In December 2008 the debt of Spanish households was reduced to 673,153 million euros from 673,685 in November and in January it [...]
Performance of Spanish Bank
Banesto was first to release its first quarter of 2009 results, it surprised the market being more positive than expected. Between January and March its profits were 210.9 million euros, 3.1% less than the same period in 2008, but after making a voluntary and extraordinary provision for bad debts of 20 million, in anticipation of an [...]
White Washed Villages
View a beautiful on the villages of the Alpujarras
Banks Bad Debts Rise in Spain
Late payment of the loans granted by banks, funds and cooperatives operating in Spain to businesses and individuals reached 4% in February, a level not reached for over twelve years, specifically since November 1996. According to data released today by the Bank of Spain, the rate of default in February is more than triple the [...]
House Prices in Spain Fall to 2006 Prices
The average price of housing stood at 1958.1 euros per square meter in the first quarter of 2009, representing a decrease of 6.8% over the same period last year and a return to 2006 levels, according to Figures released today by the Ministry of Housing. This development maintains the tone of restraint in prices in [...]
Cruise Ships From Maderia to Motril
The ship “Funchal” from Lisbon & Malaga, departed yesterday from the Levante dock of Motril with 250 passengers on board. This ship has opened the season in which the cruise is scheduled and is using 18 vessels until next November. Some 80 passengers from the ship went to Granada and Nerja and the remaining 170 visited the city of Motril and [...]
24.5 million Major Funding Initiative in Granada.
The governmental region of Andalucia had prepared a year ago a number of investments in the tourism sector to avoid the prologation of the crisis. Inevitably, the Easter-employment figures have suffered a little, but tourism remains a vital engine in the economy of Andalucia and Granada represents 15% of Gross Domestic Product (GDP). One of the special [...]
