Financial reactivation on the islands

THE Association of Large Commercial Areas in the Balearic Islands has said that this summer they have earned much more than in the summer of 2014.

In fact, the spokesman for the association, Francisco Garcia, has said that the summer was ‘spectacular’ and the President of the Association of Traditional Commerce in Jaume II, Pedro Mesquida, supported this.

Businesses on the islands hope to end this year with rises of 5 per cent as the Christmas season is also expected to be very positive. Business associations say that this year has been the year for ‘reactivation’ of the economy as locals have partly regained their confidence in the financial situation and the tourist season has been better than ever.

Another thing on which business associations have commented is the fact that the recovery of the local economy is reaching all areas of the commercial sector, including those inland, albeit with less intensity than for businesses in tourist areas.

Last year, figures also improved, so associations remark that now there have been two years running of positive figures.

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