News
The Bank of Spain foresees a contraction of credit to households and companies in the second quarter
The Bank of Spain forecasts that Spanish financial institutions will tighten the criteria for granting credit in the second quarter, both for companies and for households, given the greater uncertainty associated with the effects of the war in Ukraine on credit risk...
Malaga councils angry at central government low funding for emergency beach repairs
The mayors of Malaga councils were unhappy after the virtual meeting held yesterday with the Secretary of State for the Environment, Hugo Morán and the government’s delegate in Andalucía, Pedro Fernández, because they say the government is not allocating enough money...
Macron demands an embargo on Russian oil after the Bucha massacre
French President Emmanuel Macron has demanded that the European Union impose new and stricter sanctions on Russia after the discovery of the Bucha massacres, which he has described as "war crimes". The leader of the French executive has proposed an embargo on Russian...
Inflation suffers a big rise this march as a consequence of the war
The Consumer Price Index (CPI) increased by 3% in March compared to the previous month and placed the interannual rate at 9.8%, its highest level since May 1985. A brutal escalation that is due to the increase in the cost of all components of the shopping bag, driven...
The expensive plan of the Spanish government to cushion the effects of war
The Government has proposed a plan for the next three months with which it seeks to reduce the effects of the war in Ukraine on Spain's economy and on the well-being of citizens, in the midst of rising inflation. Among the measures, the Executive will discount...
Russian central bank warns of production missmatches as it struggles with sanctions
Russia’s central bank is, for now at least, sticking to the initial decisions it adopted to counter the major crisis triggered by the Ukraine invasion and the ensuing global sanctions. But it warned about the possibility of supply shortages and runaway inflation....
Striking hauliers paralyze traffic in Malaga
The national strike in the Spanish haulage sector is not only the hitting the supply of some products. This Thursday morning, 17 March, it also brought traffic on several roads in different parts of Malaga city centre to a standstill, causing occasional traffic jams...
Nike and Apple lead the companies leaving Russia over Ukraine invasion
The effects of the measures being taken against Russia after its invasion of Ukraine could be compared to a receding sea before the arrival of a tsunami. There is calm, for now, in the supermarkets, and customers are behaving normally. But there is a palpable...
The war in Ukraine causes fuel prices to reach all times highs
The war in Ukraine is starting to hit the wallets of drivers in Malaga province. It was already one of the most expensive places in Spain to fill up, but now prices are at a level never seen before and are going up on almost a daily basis. In the month from 8...