Posts Tagged ‘Costs’

Budget shortfalls force Vatican austerity

Tuesday, February 25th, 2014

The Vatican has stopped taking on new employees, and has frozen wages and overtime for its staff in a bid to cut costs and offset budget shortfalls. Pope Francis, with input from the Vatican’s central accounting office, also determined that volunteers could be used to help provide the labour needed to make up for the Read more

Spanish economy benefits from multi-million dollar WYD profit

Friday, August 26th, 2011

Spain’s capital, Madrid, netted a NZ$280 million WYD profit, reports Arturo Fernandez, the president of Madrid’s House of Commerce. The surplus was generated by accommodation, transport services and business such as food providers. The director of the Hotel Industry Business Association in Madrid, Juan Jose Blardony, said three million meal tickets were distributed to young people Read more