Other News

Embassy’s warnings for landlords

Homeowners who let their properties to holidaymakers are facing large fines unless they adhere to Spanish rental laws, the British Embassy in Madrid has warned this week.
The warnings come as the Embassy says it has been informed of a number of cases where property owners have received fines of up to 30,000 euros after being caught renting accommodation without the appropriate permits.
In response, the British Government, via the Embassy’s website (www.ukinspain.fco.gov.uk), is now offering advice on short and long term lets.

Government earmarks 12 million euros to support social economy, promote self-employment and foster the entrepreneurial spirit

Specifically in 2012, more than two million euros (2,041,350) euros will be earmarked to promoting projects and activities associated with self-employment, the social economy and corporate social responsibility. This money will be managed by the non-profit organisations and public and private universities whose projects are selected via the tender published on Monday in the Official State Gazette.

“This financial aid is intended to help drive entrepreneurship in Spain, so all those activities that foster the entrepreneurial spirit through self-employment, the social economy and corporate social responsibility will be given priority. Furthermore, any action aimed at commemorating 2012 as the ‘International Year of Cooperatives’ will also be considered priority”, said Miguel Ángel García Martín, Director-General for Self-Employment, the Social Economy and Corporate Social Responsibility.

Tech start-ups: the last refuge of Spanish optimism

Half of Spain’s youth are unemployed, and yet at the Wayra business start-up project on Madrid’s majestic Gran Via avenue, young people buzz around an office chatting animatedly, typing furiously and holding up trails of wire and computer parts. These are Spain’s technology entrepreneurs, and they’re positive about the future – even as Prime Minister Mariano Rajoy tries to avert a full international rescue for a country beset by recession, a property market collapse and a banking crisis.

Almost all plan to expand beyond Spain’s borders, if they aren’t operating internationally already. For domestic and foreign investors in their ventures, the dire state of the nation can even be an advantage: put bluntly, young Spanish entrepreneurs come cheaper than their U.S. and British rivals. “There is no crisis. The crisis is outside. But here what we have is people working, setting up companies and creating employment,” said Gonzalo Martin-Villa, global head of Wayra.

6 Tips on Innovation from ‘Treps in Emerging

“Jugaad” is a Hindi word that loosely translates as “the gutsy art of overcoming harsh constraints by improvising an effective solution using limited resources.” It’s a unique approach to innovation and it’s how entrepreneurs are driving exponential growth in emerging markets like India, China, Brazil and Africa.

Jugaad is an antidote to the complexity that characterize emerging markets, with all their mind-blogging diversity, pervasive scarcity of all kinds, and exploding interconnectivity. Consider that India alone adds 10 million cellphone subscribers each month.

This highly resource-constrained and chaotic environment in emerging markets motivates local entrepreneurs to practice the art of jugaad to create products and services that are extremely affordable and highly sustainable.

BBVA aiming to speed up sale of Spanish real estate assets

BBVA, Spain’s second-largest bank, said Tuesday it plans to accelerate the sale of property on its books acquired through foreclosures and foreclosures in lieu in order to clear such assets from its books by the start of 2014.

“The period we estimate for selling \[these assets\] is between 18 and 21 months,” BBVA Chief Operating Officer Ángel Cano said at a presentation of the bank’s earnings for the first six months of the year. Cano said the bank had sold 2,500 property units in the first half of this year, an increase of 40 percent over the same period a year earlier.

Marbella animal shelter appeals for help after increase of abandoned pets

A Marbella animal shelter is appealing for donations and volunteers to help look after a rising number of abandoned animals.
Triple A currently has 350 dogs, 242 cats, two pigs, seven seagulls and a duck at their shelter on the Carretera de Ojén. Now bosses at the charity are warning that numbers are set to rise next month when people go on holiday and leave their pets on the street.
Jan Weima, 67, a volunteer and founding member at Triple A, said that they are currently organising a number of fundraisers to help cover the 18,200 Euro monthly cost of running the shelter.

Spanish Social Security system posts an increase of 4,896 contributors

The average number of contributors to the Spanish Social Security system increased by 4,896 in July, raising the total figure to 17,032,738. Tomás Burgos stressed that “the outlook for the Spanish economy remains far from a clear recovery, and that is reflected in sluggish contributor figures for July”.

In month-on-month terms, the General Regime grew by 112,004 contributors (up 0.81% on June) to an average total of 13,875,453.

27,814 Lower unemployed in Spain in July

The data provided by the Public Employment Services of all the autonomous regions for the month of July show that unemployment has fallen by 27,814 on the previous month (-0.6%). Total recorded unemployment now stands at 4,587,455.

Recorded unemployment fell in the construction sector by 14,792 (-1.9%), the number of first-time job-seekers fell by 10,448 (-2.65%) and recorded unemployment fell in the industrial sector by 7,448 (-1.41%). On the other hand, recorded unemployment increased in the agricultural sector by 3,373 (2.09%) and in the service sector by 1,501 (0.05%).

A Short History of Benalmadena

In the beginning God created Benalmadena! Well not quite, but Benalmadena and the surrounding area has had a long and checkered past.

In the 7th century BC, the Phoenicians arrived followed by the Romans in the early part of the 8th century AD. But the name Benalmadena came from the Moors who arrived later in the 8th century. The original name wa Ben-Al-Madina, which in Arabic translated as “children of the mines”. At that time there were many iron ore and ochre mines in the area.