News
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...
Brussels presents today the proposal to reduce energy dependence on Russia
The European Commission presents this Tuesday its latest proposal to deal with the rise in energy prices, whose presentation was scheduled for last week, with a view to reducing its energu dependence on Russia, epecially gas, after the ivasion. At a meeting to be held...
Tourism maintains optimism for the summer despite the war context and high inflation
Tourism maintains, for now, its optimism regarding the recovery. Hotels, airlines and tour operators did not give importance to the impact of the omicron variant. And from April a strong recovery in tourism would begin. Those forecasts did not include the rise in...
Sanctions on Russian banks are starting have impact in Costa del Sol
Credit cards have been blocked and it is impossible to make bank transfers, causing considerable problems for Russians living in Malaga province, most of whom are in Marbella. The first consequences of sanctions following Vladimir Putin’s invasion of Ukraine are...
Spain’s President Sánchez hopes masks will ‘soon’ not be required inside buildings
Pedro Sánchez Spanish President confirmed on Monday that the government is considering lifting the requirement for masks to be worn inside buildings, but he didn’t say when this might happen. “It would be something that is welcomed by society in general, and we hope...
Bills keep piling up for Spanish governments
The Finance Ministry's effort to keep town and regional governments from defaulting on service provider payments have paid off in terms of how much money is moving around the economy. Three payment plans put into effect so far have delivered 90 billion euros to...