Business & Finance

Life is a journey. Prepare, to enjoy it without worries.

LIVING in Spain is, undoubtedly, a great and enjoyable experience, but, unfortunately, sometimes we have to face the legalities of a different bureaucracy. You can find many differences in legal procedures, even when it comes to death, something inevitable that we all have to deal with. In order to make things a little easier at […]

Tax news for the Canary Isles

THE start of a new year is also the start of a new tax year in Spain, so what tax changes do we have in 2019? 2019 budget While Spain’s central government is debating the state budget for 2019, the local Canary Islands government has approved its budget for the year. And we have some […]

New Letting Laws offer tenants a far better deal

By Mariano Zunino THE main changes to the Letting Laws, active since last month, should be regarded as a series of urgent measures in the housing and rental sector. Longer letting Agreements The Letting Contract Law 29/1994, amended in December, introduced the following modifications that affect rental contracts: The obligatory extension period for housing leases […]

Possible Brexit delay has boosted sterling

BREXIT continues to dominate the pound this year, with sterling climbing on the back of some positive developments. This saw GBP/EUR rise from 1.10 euros to 1.12, while EUR/GBP has fallen from £0.90 to £0.89. Meanwhile, GBP/USD climbed from $1.26 to $1.28, while EUR/USD held at $1.14. So far, the pound has enjoyed two weeks […]

Despite Brexit woes, GBP/EUR recovers from three-month low

THE pound plummeted, recently, to a three-month low against the euro, as the latest, Brexit developments took their toll. GBP/EUR has since recovered some of its lost ground, however, with the pairing edging up from 1.10 euros to 1.11. EUR/GBP, meanwhile, has edged back below £0.90. GBP/USD remains over a cent weaker than the month’s […]

New mortgage law will be boost for customers

By Mariano Zunino A NEW mortgage law was approved on Tuesday by the Congress of Deputies, to help customers avoid evictions. It also forces banks to pay mortgage expenses, as well as lowering mortgage amortisation (reducing the cost of each repayment). In addition, it points out that it is not obligatory, but an option, to […]

Is your home ready for the cold spell?

ON the occasion of the Christmas period and beyond, maybe you have planned to travel to your country to visit family and friends. A home insurance, therefore, is essential during this time of the year, because you will be leaving your home empty, and, in winter, extreme weather conditions are capable of wreaking havoc on […]

Hotel chain’s 500m records are hacked

THE personal records and information of a staggering 500 million guests, linked with Marriott International, have been involved in a data breach. The hotel chain, with multiple accommodations in Spain and the UK, has announced that the guest-reservation database of its Starwood division has been accessed by an unauthorised party. An internal investigation revealed that […]

Coca-Cola workers fizzing again, after their five-year fight

COCA-Cola workers in Spain are celebrating the end of a five-year labour conflict, thanks to an agreement reached by   their unions with the company. The workers have been facing uncertainty since the global drinks giant announced plans, back in early 2014, to shut four of its plants in Spain to “strengthen the brand”. It would […]

Continued volatility for sterling

THE pound has remained highly volatile over the past couple of weeks, with ongoing Brexit uncertainty leaving the currency on the defensive, against its peers. This volatility saw GBP/EUR trade in a range of 1.13-1.12 euros, and resulted in EUR/GBP holding at £0.88. GBP/USD fell from $1.28 to $1.27 over the last two weeks, while […]

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