A look at some of the main news making the headlines in Spain over that last week. Spain’s new abortion law comes into effect Spain’s new abortion law came into force this week, and now every woman considering having the procedure will receive a closed envelope containing all the information on help available and the [...]
Spain News: 11 July 2010
July 11th, 2010Daily Market Analysis & Exchange Rates: 18 Dec 2009
December 18th, 2009Todays market analysis and exchange rates from Currencies Direct Exchange Rates AUDEUR AUSTRALIAN DOLLAR – EURO 0.6170 AUDGBP AUSTRALIAN DOLLAR – STERLING POUND 0.5477 AUDUSD AUSTRALIAN DOLLAR – US DOLLAR 0.9211 CADUSD CANADIAN DOLLAR – US DOLLAR 0.9403 EURMUR EURO – MAURITIUS RUPEE 41.3200 EURUSD EURO – US DOLLAR 1.4386
Daily Market Analysis and Exchange Rates: 17 Dec 2009
December 17th, 2009Todays market analysis and exchange rates from Currencies Direct Exchange Rates AUDEUR AUSTRALIAN DOLLAR – EURO 0.6184 AUDGBP AUSTRALIAN DOLLAR – STERLING POUND 0.5497 AUDUSD AUSTRALIAN DOLLAR – US DOLLAR 0.9211 CADUSD CANADIAN DOLLAR – US DOLLAR 0.9403 EURMUR EURO – MAURITIUS RUPEE 41.3200 EURUSD EURO – US DOLLAR 1.4410
Spain credit rating downgraded to negative
December 10th, 2009Spain has had its credit outlook cut to negative from stable by the ratings agency Standard & Poor’s. Which will probably mean a deeper deterioration in public finances, so a longer recession than originaly forecast. The markets reacted badly to the news as well. Spain is still in recession and the government has launched a [...]
Telefonica Trying To Raise Funds To Pay Debts
November 25th, 2009Despite making easy profits it appears that Telefonica need to raise some cash to refinance debts that mature in 2010 …. that will be them and about half the world then! Yesterday Telefonica placed bonds worth 720€m into the market: The debt made yesterday placed within 13 years, thereby “improving the maturity profile, half-life lengthens [...]
$ getting stronger still …
August 14th, 2008The euro was trading at $1.4883 on Thursday, slightly above the 6-month low of $1.4815 struck earlier this week. Earlier this year, the euro was trading at $1.60. Sterling touched a 22-month low of $1.8619 in Thursday trading. The pound dropped sharply on Wednesday after the Bank of England issued its gloomiest assessment yet of [...]
15 Year High For Inflation In Spain
August 13th, 2008Prices in Spain rose at their fastest annual rate for 15 years in July, driven by rising food and fuel costs. The annual inflation rate climbed to 5.3% in July, up from 5% in June. Transport costs were 10.6% higher than a year earlier, the National Institute of Statistics said, with food prices up 7% [...]
Worth Considering A Euro Account?
April 29th, 2008With the Euro continuing to strengthen, expats with fixed incomes coming from the UK may want to think of a way of ensuring that things don´t get any worse. Whilst life may be cheaper here in Almerimar for one, it is still concerning, and maybe time to look at how to make the most of [...]
Travel Insurance
April 23rd, 2008We are always happy to publish, views and insights from readers of the blog on a wide range of subjects. Here Alex Adamson-Leigh discusses travel insurance: Just a word on the travel insurance currently offered by many brokers, holiday companies and airlines. For over 40 years as a lawyer I spent much of my professional [...]
Euro hits record peak against the $
April 22nd, 2008I recently wrote about the inflation in the ‘euro zone’ so I guess it is no surprise that the € has now reached $1.60 as people expect even higher interest rates in the ‘euro zone’ It rose as high as $1.6002 as weak US housing market data underscored fears over the health of the US [...]
Almerimar Property – Financial Matters
March 19th, 2008For anyone who has decided to buy a property in Spain, as with anywhere else, there are a number of financial considerations over and above the sale price. I have already discussed annual costs and sales taxes in my previous articles; in addition interest rates, if you are taking out a loan are an important [...]
Almerimar Life Offers
January 10th, 2008You will notice that we have added a number of new features to the site, all of which should be mutually beneficial. At the top of the right hand sidebar you will see over time a variety of offers that you can take advantage of that will range from Travel Insurance, Mobile Phones, Satellite TV, [...]
Britain Overtakes The US
January 10th, 2008Ok here’s one for Britons at home and expats alike: “For the first time in more than a century the standard of living in Britain is higher than in America, according to a new report. Analysts at the respected Oxford Economics consultancy say that increasing incomes, free healthcare and longer holidays make the average Briton [...]
Tax & Those Trips Home
January 2nd, 2008Following on from my article at the end of November: Watch Those Trips To The UK, today I read another interesting article about the tax implications of being considered ‘resident’ in the UK. The key point in the previous article was that the government plans from April to change the residency rules. “At present, if [...]
Spanish Inheritance Tax
December 17th, 2007Hopefully this article will answer some of the questions you may have about “Impuesto sobre Sucesiones y Donacionesâ€? (ISD), the Spanish equivalent of inheritance tax. This is due on “assets and rights, which are located, enforceable, or executable in Spain”. Sounds a little complicated, but for most of us the asset is simple and is [...]
Expat Pensions Abroad
December 15th, 2007I found this a really comprehensive article, clarifying the pension situation for expats who retire abroad. All seems to be well within the EEA (European Economic Area), but as outlined in previous articles, outside the EEA things are a little more problematic. “Expats may have left British shores either temporarily or permanently, but there are [...]
