Business & Finance

GBP/EUR down from 2017 highs

WHILE the week beginning 17th April was expected to be a fairly quiet one in terms of currency news, markets actually opened with a bang after the Easter break. Surprising political developments saw GBP/EUR rocket from 1.1799 euros to 1.1990 euros, its best levels for nearly ten months. Meanwhile, the euro was kept under pressure, […]

Taxman ready to reap record sum

SPAIN’S tax authorities expect to claw back a record 200.9bn euros this year, which is 7.9% more than in 2016, and most of the increase will come from company profit taxes. According to Treasury Minister Cristóbal Montoro, a further 12.6% in commercial tax will be collected, which converts to a rise of just under 24.4bn […]

Floor Clause now rubber-stamped!

By Mariano Zunino Siri IN my last column, on 7th April, I referred to the Non-Retroactivity of the floor clause, according to the Spanish  Supreme Court’s judgement of 4th April 2017. The Court dismissed an appeal and stated that it would not review the abusive Floor Clause ruled before the judgement of the European Court […]

Is your tax and wealth management in shape for 2017?

By Paul Montague, Partner, Blevins Franks HAVE you reviewed your financial planning for 2017 yet? You need to consider any recent global and local developments that may affect your finances in the coming year, as well as have a long-term strategy. Any changes in your personal circumstances could also warrant a review. To protect your […]

Liberty Seguros Cashback rewards for all customers

LIBERTY Seguros are rewarding both existing and new customers with big Cashbacks until 26th June. Existing customers who take out a new home, car or life insurance policy, which is paid by direct debit, will be rewarded with a 60-euro Cashback directly to their bank account, as long as it’s in the SEPA zone. Normally, […]

GBR volatile as Brexit begins

STAYING on top of the latest news can help you time your currency transfers more effectively. Read on to find out what’s been driving the pound and euro, and what you can expect in the weeks ahead. The last couple of weeks have been pretty hectic for the currency market, and we’ve seen some significant […]

Hollande’s bad choice?

AT the beginning of last week, the Pound was sticking around the 1.15 mark. This was partly down to the UK services PMI being lower than forecast. But it wasn’t helped by comments from French President, Francois Hollande, who offered his opinion that the “UK has made a bad choice at a bad moment” in […]

European Court calls time time on the dear help-lines

Understanding the law THERE is more good news for consumers from the European Court which, fortunately, seems to be the guardian of consumers’ rights. One German company, specialising in electrical equipment, had a website offering after-sales telephone numbers with a 0180 prefix (similar to 902 in Spain). The cost of a call to this special […]

Madrid in black Brexit summary

A LEAKED Madrid report suggests that a hard Brexit could wreak havoc on Spain’s economy, with “innumerable repercussions” on Britons living in Spain. The report, written by Spain’s Brexit commission, says Britain’s divorce from the union will leave Spain hugely exposed economically, and will have an impact on everything, from fishing rights to the careers […]

Fixed-rate loans a bonus

AT the end of January, Spanish mortgage repayments fell after 12 months of negative rates. The Euribor (Euro Interbank Offered Rate) was at a record low of -0.094%. And, as most Spanish mortgages are based on this, it means that repayments for home-owners have been going down for some time. With more investors taking advantage […]

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