Generally, we found that everyday items such as grocery shopping and transport were cheaper in Spain, as well as more luxury items such as alcohol, tobacco, and clothes.
If you love fashion, then you’re in luck because Spain is the cheapest Eurozone country for clothing, according to a report by Eurostat. It was found that clothes were around eight percent cheaper than the EU average. In terms of the whole of the EU, only Hungary, Romania and Bulgaria were found to have cheaper clothing than Spain.
Shoes and other footwear, of which Spain is well known for, aren’t as cheap as clothes but were still found to be 3.2 percent below the EU average.
The UK, which was found to have a similar price for clothing as Spain in 2017, has increased its prices over the past few years.
Data from the World Bank’s International Comparison Program shows that Spain is one of the cheapest countries for alcohol in the world. Spain ranked 150 out of 167 countries. In terms of other big wine-producing countries like Spain – Italy ranked number 125 on the list and France at number 132. Spain was found to have alcohol prices 14.6 percent cheaper than the EU average. It was discovered that the price of alcohol dropped even further because of the economic crisis due to the pandemic.
Spain’s low alcohol prices could be partly due to the fact that it has the most bars per inhabitant in Europe with one bar per 175 people or its wide range of wines and beers that are produced in the country. It’s very common to be able to buy a bottle of wine in the supermarket for around €2-€3.
Like alcohol, Eurostat found that tobacco was also relatively cheap in Spain. Spain was listed as the seventh country with the cheapest tobacco in the EuroZone with a price equivalent of 83 percent of the EU average. Within Europe, the UK was found to have the highest tobacco prices, followed by Ireland and then France. The average price for a pack of cigarettes in Spain is around €4.50.
According to a report published by Eurostat, food shopping in Spain was found to be around five percent cheaper than the EU average. This is 15 percent cheaper than in France and 11 percent cheaper than Italy, which were found to be two of the most expensive countries for food shopping in the EU. Things such as meat, milk, cheese, and eggs were all cheaper in Spain than in other EU countries, but surprisingly bread and cereals were slightly more expensive. Spain compares favourably with other Mediterranean countries such as Greece and Portugal and was also found to be cheaper for food than the UK, whose prices were six percent above the EU average.
The Association of Collective Urban Transport Management Companies (ATUC) revealed that using public transport in Spain is 30 percent cheaper than in other European capitals. It also discovered that on average a transport ticket costs €1.50 in Spanish cities such as Madrid, Barcelona or Bilbao, while in other large European cities, a ticket cost just over €2.
And it’s not just for a single, one-way ticket. In Madrid, it was revealed that you pay 26 percent less for a monthly travel card than in other European capitals.
Madrid’s famous Retiro Park and Paseo del Prado boulevard have been added to UNESCO’s World Heritage List. The decision, made on Sunday, brings the total number of World Heritage Sites in Spain to 49 – the third-highest in the world after Italy and China.
Up until Sunday, none of these sites were located in the Spanish capital. The Madrid region, however, was home to three: El Escorial Monastery in Alcalá de Henares, the historical center of Aranjuez and the Montejo beech forest in Montejo de la Sierra.
Spanish Prime Minister Pedro Sánchez celebrated the news on Twitter, saying it was a “deserved recognition of a space in the capital that enriches our historical, artistic and cultural legacy.”
Madrid y toda España están hoy de enhorabuena.
El Paseo del Prado y El Retiro son ya Patrimonio Mundial de la UNESCO. Merecido reconocimiento a un espacio de la capital que engrandece nuestro legado histórico, artístico y cultural.
Retiro Park is a green refuge of 118 hectares in the center of the city of Madrid. Paseo del Prado boulevard is another icon of the capital, featuring six museums, major fountains such as the Fuente de Cibeles as well as the famous Plaza de Cibeles square.
For the sites to be granted World Heritage status, Spain needed the support of two-thirds of the UNESCO committee – 15 votes from 21 countries. The proposal was backed by Brazil, Ethiopia, Russia, Uganda, Nigeria, Mali, Thailand, Kyrgyzstan, Oman and Saudi Arabia, among others.
Prior to the vote, the International Council on Monuments and Sites (ICOMOS), the organization that advises UNESCO, had argued against considering the Paseo del Prado and Retiro Park as one site, and recommended that the latter be left out on the grounds that there were no “historic justifications” for the two to be paired.
This idea was strongly opposed by Spain’s ambassador to UNESCO, Andrés Perelló, who said: “What they are asking us to do is rip out a lung from Madrid. El Prado and El Retiro are a happy union, whose marriage is certified with a cartography more than three centuries old.” The origins of Paseo del Prado date back to 1565, while Retiro Park was first opened to the public during the Enlightenment.
The ICOMOS report also denounced the air pollution surrounding the site. To address these concerns, Madrid City Hall indicated it plans to reduce car traffic under its Madrid 360 initiative, which among other things is set to turn 10 kilometers of 48 streets into pedestrian areas, but is considered less ambitious than its predecessor Madrid Central.
The 44th session of the World Heritage Committee took place in the Chinese city of Fuzhou and was broadcast live at Madrid’s El Prado Museum. Perelló summed up the reasons to include Retiro Park and El Paseo de Prado in less than three minutes.
“When people say ‘from Madrid to heaven’ [the slogan of the Spanish capital] I ask myself why would you want to go to heaven when heaven is already in Madrid,” he told delegates at the event, which was scheduled to take place in 2020, but was postponed due to the coronavirus pandemic.
Every year, UNESCO evaluates 25 proposals for additions to the World Heritage List. In the case of the Paseo del Prado and Retiro Park, the site was judged on whether it evidenced an exchange of considerable architectural influences, was a representative example of a form of construction or complex and if it was associated with traditions that are still alive today. The famous park and boulevard sought to be inscribed on the UNESCO list in 1992, but its candidacy did not reach the final stage of the process.
The effort to win recognition for the sites’ outstanding universal value began again in 2014 under former Madrid mayor Ana Botella, of the conservative Popular Party (PP), and was strengthed by her successor Manuela Carmena, of the leftist Ahora Madrid party, which was later renamed Más Madrid. An advisor from UNESCO visited the site in October 2019.
Ryanair has reported a €273 million loss for its first quarter even as traffic rebounded during the period.
The carrier said it carried 8.1 million passengers in the three month period, which cover April to June. This compares to just 500,000 in the same period a year earlier.
Revenues increased 196 per cent from €125 million in the first quarter of 2020 to €371 million for the same quarter this year. Operation costs also rose however, jumping from €313 million to €675 million.
Net debt reduced by 27 per cent on the back of strong operating of €590 million.
“Covid-19 continued to wreak havoc on our business during the first quarter with most Easter flights cancelled and a slower than expected easing of EU travel restrictions into May and June,” said group chief executive Michael O’Leary.
“Based on current bookings, we expect traffic to rise from over five million in June to almost nine million in July, and over 10 million in August, as long as there are no further Covid setbacks in Europe,” he added.
Ryanair said the rollout of EU digital Covid certificates and the scrapping of quarantine for vaccinated arrivals to Britain from mid-July has led to a surge in bookings in recent week.
First quarter scheduled revenues increased 91 per cent to €192 million on the back of the rise in passenger traffic although this was offset by the cancellation of Easter traffic and a delay in the relaxation of travel restrictions.
Ancillary revenue generated approximately €22 per passenger the company said.
Mr O’Leary foresaw growth opportunities for the airline due to the collapse of many European airlines during the Covid crisis, and widespread capacity cuts at other carriers.
“We are encouraged by the high rate of vaccinations across Europe. If, as is presently predicted, most of Europe’s adult population is fully vaccinated by September., then we believe that we can look forward to a strong recovery in air travel for the second half of the fiscal year and well into 2022 – as is presently the case in domestic US air travel,” he said.
However, the airline warned the future remains challenging due to continued Covid restrictions and a lack of bookings and that this meant it was impossible to provided “meaningful” guidance at the time.
“We believe that full0year 2022 traffic has improved to a range of 90 million to 100 million (previously guided at the lower end of an 80 million to 120 million passenger range) and (cautiously) expect that the likely outcome for the year is somewhere between a small loss and breakeven. This is dependent on the continued rollout of vaccines this summer, and no adverse Covid variant developments,” said Mr O’Leary.
CEO Tidjane Thiam was forced to resign in February 2020 after admitting the bank had hired investigators to follow Khan, head of international wealth management, because he had opted to move to arch-rival, UBS.
As well as sending shockwaves through banking circles, the case sparked a criminal probe in Switzerland.
“All parties involved have agreed to end the case,” Credit Suisse spokeswoman Simone Meier told NZZ am Sonntag, which revealed the agreement.
Meier declined to comment further when contacted by AFP.
The public prosecutor of the canton of Zurich has also ended his investigation, as the complaints have been withdrawn, NZZ am Sonntag reported.
Thiam’s resignation followed a torrid six-month scandal that began with revelations in the Swiss press that Khan had been shadowed by agents from a private detective company hired after he joined UBS.
At one point, Khan physically confronted the people following him.
In October, chief operating officer Pierre-Olivier Bouee resigned, acknowledging at the end of an internal investigation that he “alone” had ordered the tailing without informing his superiors.
He had wanted to ensure that Khan was not trying to poach other employees, according to the internal investigation.
The case was reopened in December 2019 when the bank admitted to a second case of espionage, this time involving the former head of human resources, and then in February after media reports that the surveillance had also targeted the environmental organisation Greenpeace.