Madrid News

Unemployment in Spain hits 16-year high

Unemployment in Spain was 4 per cent up in January on the previous month. The number of people out of work has now reached nearly 4.6 million according to the figures from the ministry of employment a...
Madrid News

Wage gap in Madrid rises sharply

Madrid has moved from eighth to second place in a ranking of wage inequality in Spain. The average salary for men in the city is now
Madrid News

Abono Joven upper age limit extended

The Abono Joven pass that gives discounted travel to young people in Madrid will be extended from May to those up to 23 years of age, city authorities have announced, to help young people in the curre...
Madrid News

Public sector organisations to be culled in Madrid

In a bid to fight a dire financial crisis, city authorities in Madrid have approved a cull of regional public sector bodies, including 83 government agencies, colleges and advisory bodies. Among a...
Madrid News

Few private pensions in Madrid

Only one in every five workers in Madrid has a private pension plan, according to a report by the ministry of economy and housing. Around 4.5 million Spaniards hold a private pension plan, into which...
Madrid News

Madrid has top wages

Residents of Madrid are the most expensive workers in Spain after those in the Basque country, earning on average
Madrid News

Poverty in Madrid

More than 13 out of every hundred Madrid residents are living below the poverty line. The proportion has risen from 9.5 per cent of the population to 13.3 per cent over the last four years, according...
Madrid News

Madrid moves up Cushman and Wakefield list.

Madrid has risen up the rankings in the annual Cushman and Wakefield survey of Europe
Madrid News

Madrid cost of living drops

Madrid has dropped nine places in the annual Mercer Cost of Living Survey, which ranks the world
Madrid News

Madrid unemployment rises

Madrid was one of only three areas in Spain that saw a rise in unemployment in May. Due to the burst of Spain
Madrid News

Fewer foreign workers choose Madrid.

A report commissioned by Madrid regional government has revealed a decline in the numbers of foreigners arriving in the Spanish capital in search of work. Providing an overview of the foreign communit...
Madrid News

Trading hours liberalized in Madrid’s Sol district.

The Comunidad de Madrid has agreed to free up trading hours in the central Sol district, one of the Spanish capital
Madrid News

Madrids economy booms.

Madrids economy is predicted to grow 4 per cent in 2006, double the prospective growth figures for the rest of Europe, according to a report presented by Miguel ngel Villanueva, city councillor in cha...
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