Connect with us

Costa Blanca

In 2024, the number of bankruptcy cases involving individuals and independent contractors rose by 120%

Bankruptcy

The Registry of Forensic Economists (Refor) of the General Council of Economists showed that bankruptcy proceedings for people and self-employed workers increased by 120% to 35,510 in 2024, while those for businesses increased by 23% to 5,589 in the same year.

The Economists point out in a note that of the 41,099 bankruptcies that occurred in 2024, 86% of them were of individuals or self-employed people, significantly more than those of businesses, which accounted for 14%.

According to the College of Economists’ analysis of last year’s data, 84% of bankruptcy proceedings involve no assets, indicating that the excessive debt is already unsustainable because there are no assets to face the bankruptcy and liquidation is required. This suggests that bankruptcy proceedings are being used when it is already too late.

Despite a 7% increase in procedures implementing restructuring plans in January of this year, this mechanism “has not yet taken off in our country” because, in 2024, there will be 334 restructuring plans, which is 2% fewer than the 341 in 2023.

When comparing Spain’s figures to those of other nations in our region, we find that bankruptcies have increased in nearly every instance: in Germany, France, Italy, Spain, Portugal, and France, they have increased by 23.7%, 17.5%, 13.3%, and 7.29%, respectively, while in the UK, they have reduced by 5%.

Advertisement

Competitions’ development since before the epidemic


According to economists who have examined data on bankruptcies since 2019, prior to the coronavirus epidemic, company bankruptcies have increased by 38% and individual and self-employed worker bankruptcies by 1,300%, meaning that they have essentially multiplied by 14.

Refor suggests that the use of second chance procedures may be the cause of the little increase in bankruptcies.

Between 2023 and 2024, the number of micro-enterprise electronic processes tripled, from 463 to 1,380.


Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Costa Blanca

Pet Shop Boys to appear at Low Festival Benidorm

Pet Shop Boys

Pet Shop Boys are a very special addition as Low Festival celebrates its 15th anniversary in style. The lineup for this special edition, which will take place in Benidorm from July 25th to 27th, includes one of the greatest references to British synth pop.

With timeless hits like “West End Girls,” “It’s a Sin,” and “Always on My Mind,” the legendary British band, which was founded by Neil Tennant and Chris Lowe, has influenced generations. The Mahou Cinco Estrellas will now perform at the Low Festival with their distinctive staging and their most recent album, “Nevertheless,” which was released in 2024 and continues to showcase their ability to reinvent themselves and adapt to modern times without losing their essence, thanks to Vibra Mahou, the music platform that continues to promote five-star experiences around the best live music.

Pet Shop Boys’ entrance adds to an already opulent lineup that already features artists like Carolina Durante, Bomba Estéreo, Viva Suecia, and Empire of Sound. This edition is expected to be historic, offering participants a one-of-a-kind musical experience in the energetic city of Benidorm.

For the 15th anniversary, a luxurious


The Guinness Book of Records lists Neil Tennant and Chris Lowe, popularly known as the Pet Shop Boys, as the most successful duo in British music history. They have 44 UK Top 30 singles since joining Parlophone Records in 1985, including four Number One hits and 22 Top 10 records. They have established themselves as one of the most influential bands in pop music with 15 studio albums, all of which have made it to the UK Top 10 and international charts.

They have achieved a significant milestone in the entertainment sector with their creative approach to live performances. The Pet Shop Boys have developed a distinctive pop musical theatre style by working with well-known designers and artists including Sam Taylor-Wood, Zaha Hadid, and Derek Jarman. Their performances have been hailed by critics for their ability to blend high art and pop music.

Advertisement

Beginning in 2022, the Dreamworld: The Greatest Hits Live tour has been a huge success, garnering positive reviews for commemorating the band’s 40-year career. Pet Shop Boys’ performances at important international events, including as Glastonbury and Radio 2 Live in Hyde Park, demonstrate that their legacy endures and that they continue to set the bar for both music and art. Something that, from July 25th to 28th, we shall have the good fortune to experience in Benidorm.

An extremely limited edition


With Pet Shop Boys joining Empire of the Sun, Bomba Estéreo, The Kooks, Viva Suecia, Amaia, and Carolina Durante, among others, the lineup for the Low Festival is starting to take shape. names that are among the more than 65 performers who perform annually on the Guillermo Amor Sports City’s four stages.

The three most important summer days for all music enthusiasts are once again marked by the Benidorm festival on July 25th, 26th, and 27th.


Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Continue Reading

Costa Blanca

A man who defrauded his ex-partner of 8,700 euros arrested in Alicante

Police National

According to a statement from Police Headquarters, a 57-year-old man in the town of Alicante was arrested by National Police officers on suspicion of opening an account in his ex-partner’s name on a popular online e-commerce platform and making 8,700 euros in purchases without paying for them.

After a woman complained that she had been duped by a reputable online e-commerce platform after receiving many letters demanding payment for multiple orders that totalled over 8,700 euros, the inquiry got underway.

The victim said that because she had not made any purchases or registered for an account on the platform, she was unable to identify these orders as her own.

Investigators were able to identify the suspected fraudster—a man the victim had previously had a romantic relationship with—after examining all of the victim’s submitted papers and gathering a number of pertinent pieces of information.

According to the same sources, the agents’ investigations revealed that the suspect, who is of Spanish descent, created an account using his ex-partner’s personal information, provided false bank information, and designated his own house as the delivery address for the shipments.

Advertisement

All of the purchases would have been done by the same individual because the investigators were positive that the user and creator of the account on the popular platform was the subject of the inquiry. After being recognised, he was found and taken into custody on suspicion of fraud and document fabrication.


Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Continue Reading

Costa Blanca

Cheap OUIGO train tickets go on sale on Thursday

OUIGO

The business is offering tickets starting at €9 on March 6 for a summer trip between Madrid, Valladolid, and the Levante peninsula’s Valencia, Alicante, and Murcia, with stops at Elche, Cuenca, Albacete, and Segovia in between.

Tickets prices for high-speed travel start at €9 and are available on the OUIGO website https://www.ouigo.com/es/ and app. March 3, 2025, Madrid. OUIGO, the operator of high-speed trains, is aware that some possibilities are too good to pass up.


For this reason, it is starting to sell tickets for travel between June 30 and September 14 on its routes between Madrid, Valladolid, and its destinations in the Levante at just €9 on March 6 at 12:00 p.m.

Since it’s never been so simple to travel swiftly, comfortably, and affordably, these business destinations will be closer than ever this summer, allowing you to plan ahead for those ideal vacations with friends, family, or alone. Children under three years old travel free of charge, provided they are accompanied by an adult. From a tapas tour in Alicante to a sunset on Valencia’s Malvarrosa beach, to the ancient beauty of Murcia or the wine of Valladolid. OUIGO offers visitors three unique experiences this summer: the heritage of Castilian cities like Segovia, the Mediterranean spirit of the Levantine coast, and the customs of Albacete, Elche, and Cuenca.

The problem is that you can plan the trip today, so why wait until tomorrow? Nearer than before: High-speed connections between Madrid, Valladolid, Valencia, Alicante, and Murcia There will be 20 daily connections available to travellers, ensuring comfort and flexibility. Four trips will depart at 7:15 a.m., 11:15 a.m., 1:15 p.m., and 5:15 p.m. in each way between Madrid and Valencia, and at 7:27 a.m., 10:27 a.m., 5:28 p.m., and 8:27 p.m. in the other route. The train will leave Alicante at 2:00 pm and 6:00 pm, and passengers will have two trips between Madrid and Alicante, with a stop in Albacete, at 10:15 am and 8:15 pm. There will also be two additional routes between Madrid and Murcia that stop at Albacete and Elche. These routes will depart at 8:15 a.m. and 4:15 p.m. and return at 12:39 p.m. and 8:39 p.m. Lastly, a round-trip service has been added to the Valladolid-Valencia routes, which depart at 8:00 p.m. and return at 2:51 p.m. with stops in Cuenca, Madrid, and Segovia; the Valladolid-Alicante routes, which depart at 1:00 p.m. and return at 7:53 a.m., with stops in Segovia, Madrid, Cuenca, and Albacete.

Advertisement

Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Continue Reading

Adverts

Events Calendar

Mon
Tue
Wed
Thu
Fri
Sat
Sun
M
T
W
T
F
S
S
28
29
30
31
4
5
7
9
11
12
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Carlos Santana in Murcia Friday 1st August
August 1, 2025    
00:00
WOW. Carlos Santana will perform in Murcia in summer 2025. His greatest classics, like Maria Maria and others, will be performed during this amazing show. [...]
Lionel Richie in Concert In Madrid
August 2, 2025    
21:00 - 22:30
Fans of Lionel Richie will be excited to hear that he'll be live in concert in Madrid on Saturday 2nd August 2025. An American superstar [...]
Santana Concert in Marbella
August 3, 2025    
20:00 - 22:00
Santana in Concert 3 August, Starlite Auditorium Marbella. Doors open at 20.00hrs
Clean Bandit in Concert 6 August Marbella
August 6, 2025    
22:00
Clean Bandit in Concert 6 August. Starliite Auditorium Marbella. Doors open at 20.00hrs
Tony Hadley in Concert in Alicante
August 8, 2025    
20:00 - 22:00
Tony Hadley is  one of pop music's best vocalists, Tony went on to lead the New Romantic band Spandau Ballet in the 1980s. Among the [...]
Bonnie Tyler in Alicante
August 10, 2025    
22:30 - 23:30
BONNIE TYLER - FESTIVAL NOCHES MÁGICAS 2025 10 Aug  2025 Jardines de Abril, Sant Joan, Spain
Tom Jones in Concert Alicante
August 13, 2025    
21:30 - 23:00
Tom Jones live in Concert Wednesday, 13 August in Alicante The concert starts at 21.30
14 Aug
August 14, 2025    
20:00 - 23:30
Bonnie Tyler in Fuengirola 14 Aug 2025 Two concerts at 20:00 and 22:00 Marenostrum Fuengirola Castle Park, Fuengirola, Spain
Events on August 1, 2025
Events on August 2, 2025
Events on August 3, 2025
Santana Concert in Marbella
3 Aug 25
Málaga
Events on August 6, 2025
Events on August 8, 2025
Events on August 10, 2025
Bonnie Tyler in Alicante
10 Aug 25
Alicante
Events on August 13, 2025
Tom Jones in Concert Alicante
13 Aug 25
Alicante
Events on August 14, 2025
14 Aug
14 Aug 25
Málaga

Adverts

Trending