Malaga economists are beginning to see the light in the tunnel. Many figures suggest that an economic turnaround is imminent.
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The number of unemployed has decreased by 2,095 persons over the corresponding period last year. The number of nights spent in the province of Malaga hotels has increased by 8.10 percent, the national growth ended up at 0.1 percent in the third quarter, sales of new cars rose by 56 percent in the third quarter, and sales of newly constructed homes rose 25 percent.
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Another pleasing figure is that the number of start-ups so far this year is 330. “Its positive figures that showing economics is about to turn around and take off. 2014 will be the beginning of recovery, “said Juan Carlos Robles at Colegio de Economistas. While economists emphasize that it is important to be realistic.
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“The data should be taken with some caution. It will take time to grow because we can not count on any major public investment, less consumption and high taxes. ”
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The real estate industry is about to take off notes economists. There is some evidence to suggest that property and land prices in Marbella and Estepona increases.
338 bank branches closed in the province of Malaga since 2008
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Number of bank branches in the province of Malaga has dropped drastically in recent years and many villages and neighborhoods are completely without banks. EU pressure on Spain to sort out the financial institutions. This year alone has around one hundred bank branches shut down.
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Currently there are 1,055 bank branches and financial institutions. There is a decrease of 338 since 2008. Kris bank Bankia, for example, shut down offices in Ronda, Estepona, Marbella, Fuengirola and Antequera.
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Caja Madrid and Bancaja has closed down 40 branches in the province of Malaga. They currently have seven offices in Malaga and Torremolinos. Among the banks that pulled in at most bank branches visible Bankia, Novagalicia, CatalunyaBanc and BMN are some of the banks that also received crisis counseling of Spanish State.
Majority of barrier guards at the toll highway terminated
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Motorway Company Cintra has announced more than half of their locking guards of dismissal. A total of 18 of the current 36 employees as a ticket at toll highway AP-7 Costa del Sol risk of losing their jobs. Cintra who belongs to the group Ferrovial, intimating them of economic dismissals.
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According to Cintra, the traffic on the motorway decreased. This year a decline of five per cent, although this is considerably less than most other pay motorways in Spain. The reason for the cuts primarily cover latch guards are new technologies that make the need for manned stations are considerably smaller.
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