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Telecommunication continues to lead the way

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The Telecommunication (Telco) market was the only sector within Western Europe with overall significant growth rates. Driven by the ongoing smartphone boom, sales grew at double digit rates. Information Technology (IT) and Small Domestic Appliances (SDA) achieved partly healthy growth rates on a country level. The markets for Photo and especially Consumer Electronics (CE) however, are struggling with declines in all regions, caused by market saturation, subsitutional effects and price declines. Telecommunication: Smartphones drive developmen... Read More »

Eurozone recovering faster than expected

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Finland and Germany recorded the highest growth of 0.7 percent. However, there was also good news for Portugal, which, despite recent social unrest and political turmoil over its bailout programme, saw its economy grow by 1.1 percent. Meanwhile, France recorded a 0.5 percent growth rate, which will dampen concerns that the country's economy will remain stagnant in 2013. The statistics indicate that the European economy is recovering faster than expected and could post an overall growth rate for 2013. In May, the EU executive forecast that... Read More »

Future of the EU – join the conversation

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Over the past eight months, Commissioners have been taking part in open debates on the future of the EU. These discussions have been hosted by towns and cities big and small across Europe – from Warsaw in Poland to Cadiz in Spain. With at least 20 debates still to come, there is still time to put your questions directly to a European Commissioner – or to post questions and follow the discussions online. Now is your chance to speak directly to EU politicians about your rights, the kind of Europe you want to live in, and your expectations for ... Read More »

Atos wins contract for the second most powerful supercomputer in Spain

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Atos, an international IT services company, together with Fujitsu Spain as the infrastructure provider partner, has been awarded the contract for the supply, installation and operation of the new high-specification supercomputer Teide-HPC (High Performance Computing) ordered by the Institute for Technology and Renewable Energy (ITER) -an organisation that reports to the Inter-island Council of Tenerife-, as part of the INNPLANTA program leaded by the Ministry of Economy and Competitiveness. The Teide-HPC will be the second most powerful superco... Read More »

Investing in Spain’s electricity grid: EIB signs loan contract with Iberdrola

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The loan will co-finance a comprehensive investment programme designed to reinforce and modernise Iberdrola’s electricity distribution network. A large number of supply points in the full range of voltages operated by Iberdrola will be connected to the existing network. Furthermore, the programme will comprise the installation of new digital electricity meters in compliance with Spanish legislation, which requires the deployment of digital meters for residential customers by 2018. The investment programme provides for the installation of up ... Read More »

Aegon and Banco Santander complete exclusive 25-year partnership in Spain

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Consolidates Aegon's strong position in Spain Supports Aegon's broader strategy to become a leader in its chosen markets Aegon has completed an exclusive 25-year strategic partnership with Banco Santander, Spain's largest financial group, first announced last December. Under the terms of the agreement, Aegon has acquired a 51% stake in both a life insurance company as well as in a non-life insurance company for a consideration of EUR 220 million. The joint ventures will distribute life and general insurance products through Banco Santan... Read More »

easyJet predicts biggest summer holiday exodus yet with nine million due to fly out of UK on the airline this summer

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EasyJet, the UK's largest airline, will see almost nine million flying out of the UK this summer (between mid July and the end of September) with five and a half million of them travelling over the school summer holidays. The most popular routes this summer are dominated by Spain (four out of the top five destinations) with Malaga and Palma topping the list with Amsterdam, Alicante and Barcelona closely following. The busiest day of the year for travel is predicted to be 6 September with more than 130,000 passengers travelling to and from th... Read More »

S7 and Iberia launch codeshare flights to Canaries

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S7 passengers can now travel from Moscow, via a convenient connection in Madrid, to La Palma, Lanzarote, Fuerteventura and Gran Canaria. The new flights commenced on 1 June 2013. The flights will be via Airbus A320 aircraft from the S7 and Iberia fleets, with both economy and business class cabins. Madrid Airport is one of the hubs of the oneworld alliance. Flights on the Moscow–Madrid route will leave up to 16 times per week. The two airlines already operate joint flights from Moscow to Malaga, Alicante, Tenerife and Mallorca. Spain i... Read More »

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