Shares of Bankia, the Spanish bank that was partly nationalized last week, went into free fall on Thursday on reports of a run on the bank's deposits. At 1pm, the bank's shares were down 16.07% at 1.39 euro after having fallen 11.12% the previous sessi... […]

DEVELOPER ABANDONS TORREVIEJA WORK The construction company Romymar, who were awarded the contract for the redevelopment of an area known as Nueva Torrevieja in the city, has abandoned the work, even though it is only 60% complete. A spokesperson for the company explained that they have already invested 600,000 euro in the project, but has not received a sin […]

The Spanish Ibex 35 closed business on Wednesday at 6611.5 points, maintaining the levels of 2003, with a drop of 1.33% over the previous day. However, the risk factor of Spain was looking slightly better at 484 basis points, having started the day at ... […]

ORIHUELA MAYOR HOPES FOR CONFIDENCE The future of the municipality of Orihuela is now likely to lie in a vote of confidence in the mayor, Los Verdes green party politician Monserrate Guillén. Following the decision by councillor Bob Houliston not to support the government team in implementing the 2012 budget, various options came to light which would enforce […]

It was an even bleaker day in the stock market than yesterday, with the risk premium of Spain being set at 487 basis points, the main indicator of the Spanish market, the IBEX 35, has dropped 108.70 points, or 1.6%, to 6,700.70 points at Tuesday´... […]