29 September - 5 October 2011 www.euroweeklynews.com
Stat of week Marketing Directors are the best paid executives of large companies in Spain, with an average annual salary (gross) of €123,724, according to infoempleo.com.
• THE Fairway Golf Hotel & Spa, located in Benlaup Casas Viejas, between villages Viejer de la Frontera and Medina Sidonia won categories ‘Spain’s Leading All Inclusive Resort’ and ‘Spain’s Leading Spa Resort’ 2011, in the World Travel Awards. This is the fourth time they have been awarded in Spain’s Leading Spa Resort since 2007. Hotel Barcelo Formentor in Mallorca was named Spain’s Leading Boutique Hotel for the second consecutive year. • SPAIN’S treasury sold €3.2 billion in two short-term debt auctions but was forced to pay higher interest rates.
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EWN survey
7.3% UK Plates
92.7% Spanish
Source: 2010 Euro Weekly News Over 55 survey
• SPANISH chain El Arbol has acquired 19 new supermarkets from Oascual Hermanos in Burgos, Northern Spain. Excluding this latest deal, El Arbol currently operates 467 supermarkets in Spain. • FOR the third year running, France was named first choice for Britons buying property abroad, with 39 per cent, according to the latest overseas property ‘hot spots’ report by mortgage specialist Conti. Spain was in second place with 31 per cent of all enquiries received, up 7 per cent against last year. Portugal was in third place with 12 per cent.
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Barcelona rings up the top shop rents in Spain By Business Editor Brendan Small SPAIN’S most expensive shop rents are in Barcelona. And top of the pile are retail rental premises in Portal de l’Angel in the Ciutat Vella district of Barcelona by Plaça Catalunya, with business people paying up to €3,120 per square metre per year This means that a 100-square-metre shop premises costs a staggering €312,000 per year or an even more amazing €855 per day including Sundays when businesses are normally closed. This was revealed in the 2011 survey of the world’s most expensive retail rental locations in 63 cities around the world by property consultants Cushman and Wakefield. The Spanish city has the 13th most expensive retail rents in the world ahead of prime locations in Moscow, Dublin, Amsterdam and Buenos Aires. New York’s famous Fifth Avenue - ranked the
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MOST EXPENSIVE: The much sought-after Portal de l’Angel in Barcelona. most expensive street in the world by Forbes in 2008 - has the highest price on the global rental list with €16,704 a year for a square metre. In second place is Causeway Bay in Hong Kong (€14,426/m2/year). But renting a retail space in Avenue des Champs Elysees in Paris is the most expensive in Europe, ahead of London’s New Bond Street and Via Montenapoleone in Milan, in second and third place respectively.
Mobile services prices to fall SPAIN has the most expensive telecommunications services in the EU, according to a Eurostat report But prices in Spain are falling and will continue to drop as a result of increased competition from mobile virtual network operators, according to a study by consultants Neoris. The results of the study of the tariffs of seven major mobile service providers in Spain - Movistar, Vodafone, Orange, Yoigo, plus the virtuals Simyo, Pepephone and MASmovil - revealed the latter three were cheaper in 25 price bands.