Axarquia 7 – 13 September 2023 Issue 1992

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Issue No. 1992 7 - 13 September 2023

AXARQUIA - COSTA TROPICAL • EUROWEEKLYNEWS.COM FREE • GRATIS

TRIP THROUGH TIME

STEP into a captivating journey through time as Rincon de la Victoria Town Hall transforms its courtyard into a window to the past with a unique exhibition.

The exhibition will grace the municipal grounds until Wednesday September 13 and offers a rare glimpse into the rich history of this charming Spanish town, dating back to the early 20th century.

The heart of Rincon de la Victoria beats with nostalgia as 64 black and white illustrations weave a tapestry of memories.

Each image tells a story, from the formidable Bezmiliana Strong House to the echoes of the old Railway Station and the mysterious El Cantal tunnels.

You’ll also find yourself immersed in the daily life of residents, as well as the vibrant tapestry of festive events, such as the spirited celebration of the Virgen del Carmen.

So, whether you’re a history enthusiast, a lover of art, or simply curious about the captivating past of Rincon de la Victoria and Benagalbon, make sure to visit this extraordinary exhibition.

Open daily from 8.30am until 2.00pm, it’s a chance to step back in time and relive the vibrant history of this remarkable corner of Spain.

Paddling for charity

PADDLING along the cliffs of Nerja and Maro in a kayak is an unforgettable experience, and when it’s done for a good cause, the satisfaction is twofold.

As if these attractions weren’t enough, there’s even more to it ­ the guide for this maritime excursion will be Miguel Joven, beloved for his role as Tito in the TV series ‘Verano Azul’.

On September 16, anyone who wishes can participate in this initiative and, additionally, contribute to the Spanish Association Against Cancer (Asociación Española Contra el Cáncer).

The company Educare

Celestial fundraising

THE deputy mayor of Triana, Lourdes Pina, ignited the spirit of generosity as she handed over a symbolic torch of hope, in the form of an €820 cheque, to the local Red Cross.

The funds were raised during the culmination of the sixth Perseids Route, an enchanting night of adventure. Under the celestial canvas of August 12, studded with meteors, Triana’s night

sky witnessed more than just the beauty of shooting stars, it saw a community coming together.

The magic of the evening extended far beyond the celestial phenomena, as the people of Triana generously contributed to the cause.

The inscription fees from participants combined with donations from the residents formed the heart and soul of this donation.

Aventura is offering 150 spots for this excursion.

The activity goes by the motto ‘Row Against Cancer’ and is being supported by

the Nerja Town Council, Nerja Centro, the Nerja Business Association, and CarterBus JaimeTours.

There will be several de­

partures from Burriana Beach between 10.00am and midday, and spots can be reserved on the website Educare­aventura.com

Image: Ayuntamiento de Rincón de la Victoria / Facebook CAPTIVATING JOURNEY: A window into the past with this unique exhibition.
THE BEST FINANCE NEWS ON PAGES 12 ­ 15 All for a good cause.
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Image: Ayuntamiento de Nerja Image: Ayuntamiento Vélez-Málaga / Facebook GENEROUS DONATION: €820 for the Red Cross.

Artist alert Province of precipitation

IN an unusual turn of weather events, the small town of Benamargosa in the province of Malaga stole the limelight as it accumulated a staggering 78.8 litres of rainfall per square metre on Sunday, September 3. This meteorological phenomenon placed Benamargosa at the top of the list of rain­soaked towns in the region, according to data released by Hidrosur network. But Benamargosa wasn’t

the only place to experience a deluge. Alfarnatejo was not far behind, with a significant 59.8 litres per square metre recorded, followed by the La Viñuela reservoir area, which saw 51.7 litres of rainfall. While this might seem like a substantial amount of water, it only translates to 13.66 hectometres cubed (hm3), leaving the reservoir at a mere 8.31 per cent of its total capacity. Across the region, other ar­

eas also welcomed muchneeded rainfall.

Santo Pítar recorded 54.21 litres, while El Trapiche received 23.6 litres. Even Torre del Mar didn’t escape the downpour, with 32 litres of rainfall reported on Sunday.

Data from the State Meteorological Agency paints a similar picture, with Velez­Malaga receiving 28 litres per square metre and Rincon de la Victoria recording 23.8 litres.

CALLING all aspiring artists and creative minds!

The doors to the Municipal Art Gallery in Nerja are wide open, and the clock is ticking. The deadline for applications to showcase your artistic brilliance is now officially underway.

If you submit your applications this month, you could be setting the stage for a dis­

play of artistry from January to June 2024. So, where do you begin? Well, it’s as easy as a few clicks or a visit to the Villa de Nerja Cultural Centre. The application form is readily available on the town hall’s website, or you can collect a copy at the Cultural Centre itself. The exhibitions you apply for in September will shape the artistic land­

Art stroll

GET ready for an artistic extravaganza that invites you to embark on a mesmerising journey through creativity.

From September 15 to September 18 the picturesque streets of Competa will come alive as they host an eclectic blend of talent spanning 12 diverse nationalities.

Painters, photographers, sculptors, musicians, and poets, both seasoned professionals and passionate amateurs, will unite to celebrate art in all its vibrant forms. Now in its 14th year, the Art Stroll has firmly etched its

scape of the hall from January to June 2024. But if your creative genius is destined for the latter half of 2024; March is the magic month for your application to shine. Once you’ve filled out the form and gathered the necessary visual documentation, submit your application to the Nerja Town Hall through the electronic office or via post.

place on Axarquia’s cultural calendar. Councillor, Monica Ruiz, has shed light on the essence of the ‘Art Stroll’, affectionately known as ‘Artwalk’. “For three enchanting days, we can meander through the streets of our beautiful village, visiting the homes of artists who call Competa home, as well as those who have journeyed from distant corners to share their creativity. The event’s magnetic pull extends to painting, sculpture, photography, music, and poetry.” A total of 23 distinct spaces will host these artistic treasures, including public buildings such as the Assembly Hall, the Council Chamber, the Factory of Las Bragas, the Olive Oil Museum, and the Museum of Arts and Customs.

Night of tradition

PLANS for Velez ­ Malaga’s long­awaited fourth Popular Verbena: A Night of Tradition and Celebration have now been unveiled. The event is set to captivate residents and visitors on Saturday, September 9. This

year’s festivities are scheduled to take place in the charming Velez ­ Malaga neighbourhood from 6.00pm and, if history repeats itself, are expected to continue until the early hours.

The Popular Verbena,

now firmly rooted in local tradition, boasts a diverse programme of activities suitable for all age groups, along with spirited dance and music performances.

With a rich blend of cultural traditions, music, and family­friendly activities, the fourth Rubeltor Verbena promises an unforgettable evening for Velez­Malaga’s residents and visitors alike.

The councillor for Tradition, Lourdes Pina, has extended a warm invitation to all residents to partake in this annual Verbena, which has garnered enthusiastic support from the local community over the years.

“This event solidifies its place on our town’s celebration calendar as a fun and entertaining initiative for both locals and visitors alike.

“I invite everyone in the municipality to join us next Saturday for an enjoyable and lively evening, complete with performances, variety, and a vibrant atmosphere.”

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Competa streets will come alive. Image: Ayuntamiento de Cómpeta/ Facebook

Nerja raindrops

A TOTAL of 8.6 litres of much­needed rain has fallen in Nerja over the first weekend of September. This information is based on data provided by the Nerja Cave weather station.

Sports site

THE mayor of Rincon de la Victoria, Francisco Salado, has visited the construction site of the leisure and sports space Parque Baluma on the Maritime Paseo Blas Infante in La Cala del Moral. This area spans 2,730.19 square metres and represents a €2.6 million investment.

Plaque unveiled

VELEZ-MALAGA Town Hall will celebrate the 50th anniversary of the construction and opening of the Senior School, Virgen de los Remedios, by unveiling a commemorative plaque on September 8 at 8.00pm.

In the shade

TORROX Town Hall is currently completing the installation of awnings in all five schools within the municipality. Students at Colinas del Sol, Mare Nostrum, El Faro, Los Llanos, and El Morche will be able to enjoy stylish shade this term.

Positive events

NERJA has given a highly positive assessment of the free­entry shows held in Plaza Fábrica de los Cangrejos and Maro throughout August. Over 7,000 spectators enjoyed the extensive programme, which led to a 40 per cent increase in attendance compared to last year.

Fountain budget

RINCON DE LA VICTORIA Town Council is seeking bids for the conservation and maintenance of the municipality’s ornamental fountains and ponds. The base budget for the contract is €92,827.02, and the project is expected to be completed within two years.

Victory for Torre

A THUNDEROUS round of applause and hearty congratulations are in order as we celebrate the remarkable achievement of Unión Deportiva Torre del Mar Fútbol Sala.

With their unwavering dedication, sheer determination, and an undying passion for the beautiful game, they have secured a coveted spot in the illustrious Third Division.

This achievement is not just fantastic news for the club; it’s a resounding victory for the sport itself.

YOUR EWN HAS

ments of triumph that leave an indelible mark on the hearts of players and fans alike.

Torre del Mar Fútbol Sala’s ascent to this new horizon represents a beacon of hope, a symbol of what can be achieved through teamwork, dedication, and unwavering belief.

We eagerly await the thrilling matches and challenges that lie ahead in the Third Division, where Torre del Mar Fútbol Sala will undoubtedly bring their best to the pitch.

Theatre contest Day of Music

FRIGILIANA has proudly unveiled the dates for its highly anticipated Theatre Contest.

Set against the backdrop of the Centro de Usos Múltiples in Frigiliana, mark your calendars for the evenings of September 16, 23, and 30, where drama and creativity will take centre stage.

Of the course of the previous six remarkable contests, this theatrical extravaganza has solidified its reputation as a beacon in the world of theatre.

It’s not just a platform for amateur theatre

groups and companies; it’s a stage where artistic brilliance knows no bounds.

The spotlight welcomes an eclectic mix of talent, spanning amateur, semiprofessional, and professional troupes.

It also casts its enchanting net far and wide, drawing participation from theatre companies hailing from every corner of Spain.

So, whether you’re a fervent theatre enthusiast, a budding actor, or simply someone who appreciates the magic of the stage, this event is unmissable.

STORIES IN THIS WEEK’S EDITION

ANNUAL EVENT: Much more than just a date.

BENAMOCARRA is gearing up for its 23rd Day of Music, set to take place on the picturesque evening of Saturday September 9.

This annual celebration is much more than just a date on the provincial festive calendar; it’s a vibrant homage to one of its own, the esteemed musician and composer, Eduardo Ocón Rivas.

In the realm of music and merriment, Benamocarra stands tall and proud, a gem on the Andalucian map.

So distinguished is this festival that it has clinched the coveted Progreso de Andalucía Prize, a prestigious accolade presented by the Foundation for the Development of the Peoples of Andalucia and the Andalucian Federation of Municipalities and Provinces.

Not stopping there, it has also been bestowed the honour of being declared a Tourist Singularity by the Diputación de Malaga.

The Day of Music programme of events is set to kick off at 5.00pm in the Plaza de la Música.

A magical cause

IN a wonderful display of community solidarity, Velez­Malaga is rallying behind the initiative, aptly named ‘Objetivo Disney’ (Disney Goal), to raise the necessary funds for 60 ill children to embark on an enchanting adventure to Disneyland Paris.

The Association of Volunteer Pediatric Oncology (AVOI), with its extensive network of over 100 volunteers scattered across the province of Malaga, is pulling out all the stops to make this dream come true.

Keep your eyes out for solidarity events which will be taking place in more than 20

municipalities until October 7.

The councillor for Citizen Participation, María Luisa Robles, expressed the town’s commitment to this noble cause.

“The city is diligently preparing and mobilising resources to ensure that as many funds as possible are raised, ultimately ensuring that these children embark on an unforgettable, life­changing trip.”

She added: “It’s a testament to the power of community and compassion, where the dreams of these children are transformed into reality.”

IN the midst of the serene beauty of the Rio Chillar, the tranquillity of the river has become even more apparent this year, thanks to a notable decrease in emergency calls. In stark contrast to the seven calls received by emergency services (112) for rescues between April and October last year, 2023 has seen only a single activation of Emergencias 112, which occurred on July 2 for a rescue operation.

Nerja Civil Protection has played a pivotal role by swiftly responding to five minor incidents, involving search and assistance, during the months of April, June, and July. For those who may be wondering about the closure of access to the river since August 10, rest assured, it’s all in the name of safety! The decision to temporarily restrict entry has been made to mitigate the high risk of fires in the area.

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Stark contrast 55
The road to the Third Division is no easy feat. It’s a jour­ ney marked by challenges, fierce competition, and mo­ TORRE DEL MAR: Secured a position in the third division. Image: Tenencia de Alcaldía de Torre del Mar / Facebook Image: Ayuntamiento de Benamocarra / Facebook

THE calendar may be flipping to September, but the summer fun is not quite over!

It’s time to seize the moment and make a splash as the Aquatropic Parque Acuatico embarks on the final stretch of the 2023 season.

Hold on to your sun hats and prepare to soak up every last drop of summer joy because the doors will remain open until Sunday, September 10.

You have a few more precious days to revel in the aquatic adventures, exhilarating slides, and laughter ­ filled moments

Splashing end Heritage status

ation by the pool, the park has it all.

Their lazy rivers, wave pools, and family­friendly attractions await, promising endless entertainment for all ages.

So, rally your friends and family, pack your swim gear, and head over to Aquatropic Parque Acuatico.

IN an exciting turn of events, the charming town of Nerja may soon see one of its beloved landmarks, La Ermita de la Virgen de las Angustias, receive a prestigious Cultural Heritage Site (Bien de Interés Cultural or BIC) designation.

This exciting development comes as a result of concerted efforts by the town’s mayor, José Alberto Armijo, who recently made contact with the Directorate General of Cultural Heritage of the Junta de Andalucía.

The prospect of the Angustias hermitage attaining BIC status has been met with great enthusiasm, with legal services offering their resounding approval for this significant proposal.

The news has sent ripples of excitement through the community and marks a historic milestone for Nerja.

that define Aquatropic. Whether you’re a daredevil seeking the rush of

PROVERB OF THE

our high­speed slides or a laid ­ back lounger craving some sun ­ soaked relax ­

Let the sound of splashing water and the warmth of the sun be your soundtrack to a memorable end ­ of ­ summer celebration.

NESTLED in the heart of the stunning Axarquia region, the picturesque town of La Viñuela comes alive every September with a celebration that tran­

For Mayor José Alberto Armijo, this long­anticipated development represents the realisation of a cherished dream, fulfilling a historical request that has long echoed through the halls of Nerja’s town hall.

The hermitage, already a symbol of Nerja’s cultural and religious heritage, is poised to receive the recognition it truly deserves.

Grape fair

scends the boundaries of time.

This year, on September 8 and 9, locals and visitors alike

will gather to revel in the magic of La Viñuela’s Grape Fair, an event that traces its roots back to 1968.

Mayor Jose Juan Jimenez, proudly proclaimed, “This event is not just a fair; it’s a timeless gastronomic journey, quite possibly the oldest of its kind in Malaga.”

But rewind a century, and you’d find La Viñuela a quiet, close­knit community.

The grape harvest was an eagerly awaited event, postponed until the safe return of their beloved patron saint. A humble beginning, indeed, for an event that would grow into a beloved tradition.

Today, Los Romanes boasts grapevines of unparalleled quality, ensuring La Viñuela’s legacy as a grape­growing haven.

But the Grape Fair is not just about tradition; it’s about celebrating the rich culinary heritage of Axarquia.

8,000km of high speed railway in Spain.

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AQUATROPIC: Enjoy the last few days before it closes. Image: Aquatropic Water Park Facebook
WEEK
“A leopard can’t change its spots.”
Means that it’s impossible for one to change their character, even if they try very hard. It dates back to the Old Testament where it was said “Can the Ethiopian change his skin, or the leopard its spots?”

Soaring skies

GET ready to witness the skies come alive as the eighth edition of the International Air Festival in Torre del Mar gears up for an exhilarating three ­ day extravaganza from Friday September 8 to Sunday September 10.

Councillor David Vilches happily announced: “The Patrulla ASPA, the awe­inspiring helicopter patrol of the Spanish Air Force, featuring a fleet of five Eurocopter helicopters, has confirmed its breathtaking presence.”

But that’s not all! Brace yourself for the thunderous roars of combat fighter jets and the graceful dance of various civilian aircraft,

all gracing this event with their aerial prowess.

Adding a touch of tradition and charm, the Axarquia Model Aircraft Club will once again delight enthusiasts with a model aircraft exhibition on the West Promenade stage.

“The International Air Festival has firmly entrenched itself on our coastal landscape, gaining international acclaim and significantly enriching our tourism, culture, gastronomy, and leisure offerings,” the councillor added.

“It adds another layer of allure to our already enticing climate and the 22 kilometres of themed beaches that remain accessible and inviting throughout the year.”

Wine lover’s paradise

PERPARE to immerse yourself in the enchanting world of Moclinejo as it gears up for its 23rd Vineyard Festival on Sunday, September 10.

This annual celebration is not just an event; it’s a heartfelt tribute to the dedicated souls who have toiled tirelessly among the grapevines, crafting the very essence of

Axarquia’s wine heritage.

Jose Juan Jimenez, the President of the Association of Municipalities of the Costa del Sol Axarquia, proudly affirmed: “Moclinejo is all set to paint the town red, or rather, grape purple, on this splendid Sunday.

“It’s our moment to honour those valiant men and women

of the countryside, their weathered skin and unwavering spirit, who have lovingly preserved the treasure that is Axarquia’s vineyards.”

The Vineyard Festival is a symphony of colours, flavours, and traditions.

It is a chance to witness the passionate craft of winemaking up close and personal.

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AFTER a weekend of relentless rainfall, Almuñecar has swiftly sprung into action to cleanse and restore its picturesque landscapes.

Councillor for Cleaning, Lucía Gonzalez, shared her insights after surveying the affected areas.

She remarked, “Our mission began on September 2, a day of cleans­

ing. We started by sweeping away the soil and leaves deposited in the riverbed and river outlets, focusing our efforts on vital locations like Caballero River at El Pozuelo Beach,

Velilla Promenade, and the charming enclave of La Herradura.”

Despite the challenging circumstances, a silver lining emerged from the rain clouds. Almuñecar received

a hearty embrace from Mother Nature, with 20 litres/m² of rainfall recorded in the town and an even more generous 25 l/m² in the La Herradura observatories.

Sporting champ

IN a heartwarming gesture, the mayor of Velez­Malaga, Jesus Lupianez, extended a warm welcome to the talented young athlete from Torrena, Marta Perez Campos.

Despite being just 15 years old, Marta has already achieved an incredible track record of success and is poised for a bright future in the world of sports, particularly in the exciting field of triathlon.

Marta has already made her mark as the sub ­ champion of Spain in the aquathlon, secured a remarkable third position in cross triathlon at the national level, and proudly holds the title of the cadet champion of Andalucia in both triathlon and aquathlon.

Marta’s accomplishments don’t stop there. She’s also the champion of Spain in the team time trial duathlon, and her dedication has earned her runner­up spots in relay duathlon, mixed relay, and relay triathlon events.

As if that weren’t enough, Marta has also claimed the title of Andalucia’s club athletics champion.

As the echoes of the rain subside, Almuñecar stands resilient, demonstrating its commitment to preserving its natural beauty and safeguarding its precious landscapes.

The traces of the past weekend’s much needed rainfall have been cleared, leaving behind a town ready to embrace renewed vitality .

Almuñecar restored Loro Sexi splendour

IF you are planning to explore the enchanting world of Almuñecar’s Parque Loro Sexi, we have a little timetable update!

During the months of September and October, this avian haven will open its doors every day of the week, from Monday to Sunday from 10.30am to 1.30pm, and again from 5.00pm to 8.00pm.

Also note that the ticket office closes its windows 30 minutes prior to the park’s closing time. Nestled just 100 metres from the soothing embrace of the sea and perched gracefully on the slopes of Castillo San Miguel, Parque Loro Sexi is a treasure trove for bird enthusiasts and nature lovers alike. It proudly hosts a captivating collection of over 100 bird species, a veritable avian symphony featuring everything from the humble pigeon to the resplendent peacock, from striking parrots to majestic toucans, from charismatic cockatoos to the vibrant macaws, and from elegant swans to the playful ducks. As you explore the park, you’ll stumble upon a breathtaking cactus garden, adding a touch of natural wonder to your visit.

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Extended a warm welcome. Image: Ayuntamiento de Vélez-Málaga / Facebook

A very rare ‘Blue Moon’

ONE of the most important astronomical events of the year occurred on Wednesday, August 31.

The second supermoon of the month appeared in the night sky, better known as a ‘blue moon’. This rare celestial event will not happen again until 2037.

As explained by the experts at Meteored, it was the largest and brightest full moon this year, leading astronomers to call it a ‘perigee moon’.

That is because: ‘The orbit of the moon is an ellipse with one side (perigee) about 50,000 km closer than the other (apogee)’, they detailed. When a full moon occurs at perigee it gives the appearance of being larger and brighter.

‘This moon will be full within nine hours of perigee, making it the closest full moon of the year (357,181 km away)’, they pointed out.

The moon takes 29.5 days to complete one orbit around the Earth, so sometimes there can be two full moons in the same month.

Generally, this happens every two or three years. The other variant is the third full moon of four in the same season, which is also a blue moon, explained a news source.

The ‘blue moon’ on August 31 was visible in most of the world. In Spain, it reached its maximum apogee at 03:36 am local time. However, it could also be seen from

when it appeared on the horizon, at 9.25pm, until it set, at 7.51am.

According to the experts, the super blue moon was ‘14­15 per cent bigger and more beautiful than an average Moon’.

‘The term blue moon has nothing to do with its colour. It is simply the name given to the second full moon that occurs in the same month, or to the third full moon when, in the same season, it produces four full moons’, they explained on the Eltiempo.es website.

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A rare celestival event. Credit: alyssa BLACK/Creative Commons Attribution-Share Alike 2.0
40% of world olive oil from Spain.

Spanish Inheritance Tax

ARE you intrigued by the fascinating world of Inheritance Tax in Spain?

Inheriting an estate might seem like an exciting windfall, but there’s more to the package than just financial gains.

The inheritance package can include not only valuable assets but also various responsibilities, debts, and yes, taxes.

This interesting twist can even lead beneficiaries to consider whether they want to accept the inheritance at all.

At the heart of these financial considerations is the Inheritance Tax, a fee based on the total value of the inheritance, which covers properties and more.

To add to the complexity, the jurisdiction of the tax extends to different autonomous communities, each with its own unique set of rules.

Navigating this maze of rules requires a careful look at your local guidelines to uncover potential exemptions, deductions, or reductions in your tax bill.

If the inheritance involves property, whether it’s gifted or bequeathed, get ready for the Urban Land Value Increment Tax, also known as the Municipal Capital Gains Tax.

The responsibility for paying this tax falls on the heirs and recipients themselves.

In an intriguing twist, if the deceased person lived in different places, determining their primary residence in the past five years becomes crucial.

More than just financial gains.

Enter the 1987 Inheritance and Gift Tax Law which outlines tax percentages ranging from 8.65 per cent to 34 per cent, adjusting according to each community’s specific exemptions.

But that’s not all ­ there are also four relationship categories specified in this law:

• Group 1: Reserved for all descendants and adopted children under 21.

• Group 2: Encompassing descendants and adopted children over 21, as well as spouses, ancestors, and adopters.

• Group 3: Including siblings, uncles, and nieces.

• Group 4: Set aside for cousins and more distant relatives.

Now, let’s take a journey through these tax complexities in this autonomous community.

In Axarquia, the story of reductions unfolds based on your group:

• Groups 1 and 2: Up to €1 million.

• Groups 3 and 4: Up to a quarter of a million euros.

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Image: Vitalii Vodolazskyi / Shutterstock.com

Olive oil prices spiralling

OLIVE oil prices have surged to nearly or even exceeding €10 per litre, prompting some supermarkets to attach security alarms to bottles to deter theft. These record prices are making it challenging for many consumers, and supermarkets are already noticing changes in buying habits.

The price of the liquid gold remains stubbornly high, with no relief in sight, as Spain has grappled with scarce rainfall affecting olive crops. Despite olive trees thriving in warm climates, this year’s extreme weather has led to one of the worst harvests in two decades, resulting in a shortage of produce.

Spain still maintains its position as the world’s leading olive oil exporter, driving up prices.

Sergio Cuberos, General Manager of Maskom, noted that while olive oil is deeply ingrained in Spanish culture, high prices are

altering consumption patterns due to their impact on family budgets already strained by inflation.

Cuberos emphasised that record prices are leading to reduced consumption, with a litre bottle now costing as much as a good quality bottle of wine.

The primary reason behind these soaring prices is poor harvests. In the province of Malaga, only 30,000 tonnes have been harvested, a 48 per cent decline from the previous year. Adequate rainfall during the initial months of the year is crucial for olive blossom development, fol­

lowed by additional water in October and November, but these conditions have been absent this season.

Unfortunately, there is no immediate relief on the horizon. Agricultural associations like Asaja have warned that the outlook for the 2023 ­ 24 harvest is equally grim, with expectations mirroring the current season. European Union forecasts indicate a 54 per cent reduction in olive oil production nationwide, with the average price of extra virgin olive oil reaching €9.42 a litre or more, according to Spain’s OCU consumers’ organisation.

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Credit: Jcomp/Freepik
Liquid gold.

CAN THE SILENT STRUGGLE OF LONELINESS BE BEATEN?

THE world has never been better­connected thanks to technology, yet according to some statistics loneliness has reached epidemic levels.

The growing problem of loneliness was acknowledged by the UK government in 2018 when the then Prime minister, Theresa May, appointed the world’s firstever Minister for Loneliness, an idea

which was soon followed by Scotland and Wales. What is Loneliness?

The famous humanitarian, Mother Teresa was once quoted as saying: “The most terrible poverty is loneliness and the feeling of being unloved.”

Loneliness is a complex and often misunderstood emotion. It’s not simply the absence of company but a deeper, more profound feeling of disconnection. Despite our hyper­connected world, loneliness continues to affect people of all ages and backgrounds no matter where they live. Feelings of loneliness can also deeply impact the health of the sufferer.

In a report by Dr Vivek H Murthy, the 19th and 21st Surgeon General of the United States, he said: “The mortality impact of being socially disconnected is similar to that caused by smoking up to 15 cigarettes a day.”

How Prevalent is Loneliness?

According to figures published by the Campaign To End Loneliness: ‘In 2022, 49.63 per cent of adults (25.99 million people) in the UK reported feeling lonely occasionally, sometimes, often or always.’ Of those, ‘Approximately 7.1 per cent of people in Great Britain (3.83 million) experience chronic loneliness, meaning they feel lonely often or always’.

Solutions to Loneliness

Thankfully there are now many charities dedicated to helping those who suffer from loneliness for whatever reason. From groups such as Age UK, listening services such as Campaign Against Living Miserably (CALM) and Silver Line which specifically offers help to people over the age of 55 as well as numerous online expat forums.

There are also basic tips that loneliness sufferers are encouraged to do such as: Joining a club, becoming a member of a hobby group, and volunteering.

One resident of Malaga, Michael McCann said: “I think I am lucky I live in the Lew Hoad Tennis Village (Mijas, Costa del Sol) and I still play. The urbanidation is made up of permanent residents and holidaymakers.”

The 79­year­old British expatriate added: “Of course I have Blackie (Michael’s beloved dog) and friends so I don’t have time to think about loneliness. I think being active is important, so looking after your health is important.”

Loneliness can be a crippling and debilitating condition, but it’s not insurmountable. By understanding its complexities and seeking support from friends, family, or professional organisations, people can find ways to connect and enrich their lives.

LONELINESS AND ISOLATION

THE HIDDEN ENEMY

IT is often said ‘that you can’t tell a book by its cover’ and many of us have found that to be very apt in our every day lives. We are all prone to make instant judgements about other people but very often the real truth is hidden from public sight. Living here in Spain is a privilege we take for granted. But for many, friends and family have either moved away or passed away. That is a bitter blow and living in a foreign country with different bureaucratic systems and language issues only compounds the feelings of loneliness and isolation

We often become more insular in our approach to life preferring our own company and in many cases the TV takes the place of real friends. However, feeling lonely and isolated does not have to be accepted as a normal and inevitable byproduct of getting older

The ‘hidden enemy’ often brings with it both physical and mental changes. Eating poorly, because you are only cooking for one and ‘depression’ in all its guises are some of the most common features. A recent report from Kyushu University in

Japan suggested that increased social interaction could be ‘beneficial for preventing brain atrophy and the development of dementia’.

The study was published in ‘Neurology’, the medical journal of the American Academy of Neurology. Age UK, which is our umbrella organisation said the findings “show us how important social interaction is in our lives.”

The nub of their findings is that when it comes to brain function you either ‘use it or lose it’. Why would you want that when a proven solution is to get out and about and meet people? Doing that in Spain couldn’t be easier with Age Concern on your doorstep.

Built on fun and friendship, the Charity is at the hub of the English­speaking community. Offering real practical help and support through regular coffee mornings and social activities, they also have teams of volunteers working within the community to help stave off those unwanted feelings of loneliness and isolation.

The Charity offers FREE welfare advice, support, help and friendship. They’ve

been doing this quite a while and many expats have lived here for more than 20 years. This means that they KNOW what you’re going through and are here to help We all need people we can talk to, relate to and share a confidence with. So they invite all English­speaking residents who would like to ‘live their best life’ to get in touch.

Whether it’s for yourself or a neighbour, relative or loved one, becoming part of their ‘family’ couldn’t be easier. Check out the website www.aces pana.org to find out your nearest local branch.

Do you have some spare time to help others? Whatever your skill set or available hours we would welcome your support. Please contact us if you are interested. Being there for others truly brings its own reward by improving your self esteem and enjoying that very special feeling of offering your help to those who need it most.

EWN 7 - 13 September 2023 euroweeklynews.com FEATURE 10

BUSINESS EXTRA

Checkmate

THE UK government confirmed that post­Brexit checks on food, plant and animal produce reaching Britain had been postponed for the fifth time and would not begin until the end of January 2024. After contacts with industry, the government said it was giving businesses more time to adapt to the new rules.

Picture that

THE Spanish government is spending €942 million on insuring 84 works by Picasso to be shown at the Reina Sofia Art Museum. The ‘Picasso 1906. La Gran Transformación’ exhibition will be held between November 14 and March 4 2024, commemorating the 50th anniversary of the Spanish­born artist’s death.

Strike risk

IF workers at the Wheatstone and Gorgon liquefied natural gas (LNG) in Western Australia strike as threatened over pay and conditions on September 7, this could eventually push up global prices. The Chevron plants, which employ approximately 500 workers, produce more than 5 per cent of the world’s LNG.

Bad record

INDITEX and Mango amongst other clothing giants no longer outsource work to Myanmar owing to the country’s bad human rights and labour record. Despite the big firms’ exit, Spain imported €702.8 million of Myanmar garments last year, a 50 per cent increase on 2021, the Institute of Foreign Trade (ICEX) announced.

Falling sales

BRAZILIAN beauty company

Natura & Co is contemplating selling The Body Shop after the cosmetics and skin care chain experienced another quarter of disappointing sales. The board of Natura, which also owns Avon, recently announced that it was “exploring strategic alternatives” for The Body Shop.

STAT OF WEEK €680.2 million

in turnover for the Spanish subsidiary of Philip Morris last year, an 11 per cent increase on 2021 although profits fell 1 per cent owing to increased overheads.

Barça goes Dutch

Linda Hall

FC BARCELONA is on course to emulate Ferrovial by moving the headquarters of its content creation branch, Barça Media, to the Netherlands.

As with the Spanish infrastructure multinational, FC Barcelona president Joan Laporta has launched the operation to make it easier to float Barça Media on the Nasdaq stock market.

Documents that have been filed with the United States Securities and Exchange Commission (SEC) revealed that the club intends to raise capital on the American stock exchange. Establishing Barça Media’s legal headquarters in

the Netherlands does not involve transferring its operational headquarters or the business itself, economic specialists explained.

Barça Media will be listed via an intricate operation that requires a merger with Mountain & Co I Acquisition Corp, a Special Purpose Acquisition

JOHNNIE BODEN admitted to being “a complete nitwit” by attempting to make the classic brand over­trendy.

“We forgot who we were,” he admitted to The Times after recording a 2022 pre­tax loss of £4.4 million (€5.1 million), compared to a £22 million (€25.5 million) profit in 2021.

Sales fell 2 per cent to £350 million (€406.7 million) during this period, while the number of Boden customers slid by 5 per cent to 1.8 million.

He has pledged to revamp the business after a “series of mistakes” that brought significant losses.

“We changed the product too much,” Boden said. “We had less colour, we had shorter silhouettes and we had the sorts of products that were on trend, which is not very us.”

Expensive plan

THE UK government’s plans to hire approximately one million more NHS staff over the next 13 years could cost £50 billion (€58.2 billion), a thinktank warned. The huge increase was essential for the country to provide adequate healthcare for an ageing population, the NHS’s chief executive Amanda Pritchard argued recently.

Max Warner, a health executive from the Institute for Fiscal Studies (IFS) has predicted that this will inevitably involve higher taxes, spending cuts or more borrowing.

Costs would increase by an annual 3.6 per cent, eventually expanding the NHS budget by 70 per cent compared to today’s levels, Warner said.

Too much

tent business.

The deal has a 20­year duration, automatically extendible for a further 20 years unless there is a breach of contract.

OVER­PRODUCTION means that 40 million litres of Spanish wine must be prevented from flooding the market and driving down prices.

Company (SPAC) that has been specifically created for this sole purpose.

The agreement, signed on August 11 between Barcelona and Mountain & Co I Acquisition Corp, is a 75­page document with appendix that puts a value of €900 million ($973 million) on Barça Media’s con­

German businessman Cornelius Boersch, the SPAC’s main shareholder who is also its promoter, controls 17.6 per cent of the shares through various companies, according to the SEC documents.

The operation will be managed by Wall Street funds Calamos Investment Trust, Highbridge Capital Management, Saba Capital Management and Glazer Capital which between them control more than half of the capital.

Boden back on board

ly pretty amateurish.”

This was the same year that he entered the Rich List with a £300 million (€348.8 million). Boden also revealed to The Times that he intends to send out apologetic emails telling customers, “Sorry, I effed up.”

Britain’s former PM David Cameron embodied ‘Boden Man’ in the company’s floral swimming trunks, although the menswear line has been temporarily axed.

Producers can choose between cutting down and eliminating grapes before they ripen, or ‘crisis distilling’ to produce industrial alcohol.

Catalonia and Extremadura growers applied in June to the Ministry of Agriculture and the European Union for permits to distil 9.17 million litres of red and rosé wine before October 15.

“This is an exceptional measure that will attempt to alleviate this year’s situation,” a Ministry official said. “It was last done in 2020 owing to reduced consumption during the pandemic.”

Very similar

MADRID’S Upper Court of Justice (TSJM) ruled that Rothschild and Vega Sicilia had the right to the Macan label.

The jointly­owned group, in which Rothschild has a 50 per cent stake, has sold Macan wine since 2013 and the TSJM rejected a complaint from the Vega Clara bodega which markets Dacan.

Eton­educated Boden, who studied Politics, Philosophy and Economics at Oxford. launched the mail order business in the early 1990s although he admitted in a 2014 BBC interview that his first attempts were “clear­

Wilko on the brink

PLANS for Wilko store closures and staff redundancies were temporarily paused as administrators analysed rescue offers.

PricewaterhouseCoopers, called in as the chain ­ which lost £38.7 million (€45.06 million) last year ­ ran out of cash, initially announced that redundancies amongst the group’s 12,500 employees would start within weeks.

No workable offers were received until Doug Putman, who owns HMV in the UK and Toys R Us in Canada, upped his bid from 200 to 350 of Wilko’s 400 stores when the August 25 deadline arrived. He would also employ 10,000 of the existing staff and ensure that main creditors were paid, Putman said.

Another offer from Anglo­Canadian M2 Capital to save all the stores was rejected after failing to pass all necessary checks, sources close to the process said.

Women customers, who have included the Princess of Wales, have been promised that the label will no longer attempt to be ‘too young’. The printed catalogue will also continue to be available after earlier cutbacks, Boden said.

Spend & pay later

LATEST Bank of Spain figures show that between December 2022 and July this year, bank deposits by Spanish families dropped by €19.548 billion.

This was the sharpest fall since late 2011 when the financial crisis was at its height, although the present context is different, with increased demand for consumer credit as families spend on their cards and dip into their savings to cover day ­ to ­ day spending and inflation.

“Inflation means that families have lost purchasing power and they are compensating for this with savings accumulated during the pandemic which they are using now,” Alicia Coronil, who is chief analyst at Singular Bank, told a news source.

Possible confusion between the labels could be based on “various factors”, including the public’s “degree of knowledge” of both bodegas, the TSJM said.

The “phonetic similarity” was also conclusive, as Macan and Dacan “created a highly similar auditory impression.”

Copper project

BRITISH ­ AUSTRALIAN mining company Rio and First Quantum Minerals are joining forces to develop the La Granja copper project in Peru.

Located at high altitude in Cajamara, La Granja has one of the world’s largest undeveloped copper deposits.

Canadian First Quantum paid $105 million (€96.6 million) for a 55 per cent stake and will invest approximately $546 million (€500.1 million) to fund capital and operational costs.

As majority owner, First Quantum will operate the La Granja project with initial work focused on completing the feasibility study.

euroweeklynews.com • 7 - 13 September 2023
NETHERLANDS MOVE: FC Barcelona plans to float content creation Barça Media in New York. JOHNNIE BODEN: Will revamp brand’s image following losses.
FINANCE 12
Photo credit: CC/Howard Lake
Photo credit: boden.co.uk

DOW JONES

3M 106,94 +0,27 3,18M American Express 159,56 +1,57 +0,99% 1,78M Amgen 256,71 +0,37 +0,14% 1,34M Apple 189,46 +1,59 +0,85% 44,79M Boeing 223,53 -0,50 -0,22% 3,58M Caterpillar 286,20 +5,07 +1,80% 2,30M Chevron 164,41 +3,31 +2,05% 5,53M Cisco 57,84 +0,49 +0,85% 13,96M Coca-Cola 59,30 -0,54 -0,89% 10,68M Dow 55,29 +0,73 +1,34% 2,81M Goldman Sachs 327,59 -0,12 -0,04% 1,17M Home Depot 333,02 +2,72 +0,82% 2,12M Honeywell 188,39 +0,45 +0,24% 1,47M IBM 147,95 +1,12 +0,76% 2,12M Intel 36,61 +1,47 +4,18% 43,34M J&J 160,49 -1,19 -0,74% 8,46M JPMorgan 147,18 +0,85 +0,58% 6,53M McDonald’s 280,93 -0,22 -0,08% 2,09M Merck&Co 109,85 +0,87 +0,80% 3,11M Microsoft 328,66 +0,90 +0,27% 14,86M Nike 102,33 +0,96 +0,95% 5,01M Procter&Gamble 154,49 +0,15 +0,10% 3,00M Salesforce Inc 221,39 -0,07 -0,03% 4,99M The Travelers 162,29 +1,06 +0,66% 525,99K UnitedHealth 476,24 -0,34 -0,07% 3,05M Verizon 34,85 -0,13 -0,37% 12,86M Visa A 248,13 +2,45 +1,00% 3,18M Walgreens Boots 23,43 -1,88 -7,43% 33,00M Walmart 161,56 -1,05 -0,65% 4,10M Walt Disney 81,64 -2,04 -2,44% 25,62M InterContinental 6.020,0 +50,0 +0,84% 31,04K Intermediate Capital 1.363,50 +10,50 +0,78% 1,33K Intertek 4.194,0 +50,0 +1,21% 3,84K ITV 71,46 +0,82 +1,16% 1,10M J Sainsbury 269,80 -0,80 -0,30% 105,34K Johnson Matthey 1.780,9 -10,0 -0,56% 34,87K Land Securities 591,40 -0,20 -0,03% 108,66K Legal & General 219,56 +0,90 +0,41% 743,68K Lloyds Banking 42,32 +0,20 +0,49% 3,71M London Stock Exchange 8.208,0 +32,0 +0,39% 14,01K Melrose Industries 524,00 +7,80 +1,51% 54,08K Mondi 1.322,50 +8,50 +0,65% 27,07K National Grid 988,60 +3,20 +0,33% 122,48K NatWest Group 235,70 +2,40 +1,03% 473,84K Next 7.056,0 +28,0 +0,40% 8,61K Ocado 880,60 +9,00 +1,03% 95,05K Persimmon 1.072,0 +13,0 +1,23% 89,50K Phoenix 523,52 +3,00 +0,58% 84,50K Prudential 982,40 +12,60 +1,30% 230,46K Reckitt Benckiser 5.744,0 +34,0 +0,59% 26,59K Relx 2.599,00 +20,00 +0,78% 79,09K Rentokil 596,80 +1,00 +0,17% 65,77K Rightmove 563,40 +4,40 +0,79% 45,27K Rio Tinto PLC 5.047,0 +74,5 +1,50% 269,46K Rolls-Royce Holdings 223,10 +3,90 +1,78% 1,83M Sage 974,60 +4,60 +0,47% 31,65K Samsung Electronics DRC 1.346,00 +12,00 +0,90% 0,68K Schroders 413,5 +1,1 +0,27% 61,58K Scottish Mortgage 693,46 +3,80 +0,55% 153,02K Segro 727,80 +1,80 +0,25% 51,42K Severn Trent 2.393,0 +12,0 +0,50% 9,88K Shell 2.454,1 +10,0 +0,41% 304,88K Smith & Nephew 1.068,22 +4,00 +0,38% 45,42K Smiths Group 1.652,50 +17,50 +1,07% 15,15K Spirax-Sarco Engineering 10.040,0 +48,0 +0,48% 2,88K SSE 1.625,50 +13,00 +0,81% 66,09K St. James’s Place 886,20 +1,80 +0,20% 147,57K Standard Chartered 720,20 +0,60 +0,08% 196,80K Taylor Wimpey 114,85 +0,85 +0,75% 254,70K Tesco 266,10 +1,40 +0,53% 278,07K Tui 467,60 +14,20 +3,13% 214,27K Unilever 4.047,0 +18,0 +0,45% 61,10K United Utilities 937,00 +5,20 +0,56% 46,48K Vodafone Group PLC 73,35 -0,28 -0,38% 1,78M Whitbread 3.497,0 +28,0 +0,81% 8,48K WPP 776,60 +6,20 +0,81% 33,45K Most Advanced Gowest Gold Ltd. +3,900.00% 35,000 Dell Technologies Inc. +21.25% 31.603M Elastic N.V. +20.02% 5.721M PTT Exploration and Pro Public Comy Lim +19.86% 40,957 Samsara Inc. +13.05% 9.569M Nutanix, Inc. +12.22% 9.705M World Wrestling Entertainment, Inc. +8.32% 1.921M KE Holdings Inc. +7.56% 25.186M Lufax Holding Ltd +7.44% 11.742M New Oriental Education & Technology Gro Inc.+7.23% 1.921M Full Truck Alliance Co. Ltd. +7.16% 9.401M Most Declined VinFast Auto Ltd. -15.02% 7.393M Nexstar Media Group, Inc. -13.08% 1.801M Warner Bros. Discovery, Inc. -12.02% 62.846M Guardant Health, Inc. -10.41% 6.07M Olin Corporation -10.41% 8.546M Paramount Global -9.54% 32.745M Turkiye Garanti Bankasi A.S. -8.35% 24,495 Paramount Global -8.33% 118,234 PagerDuty, Inc. -7.73% 4.305M Walgreens Boots Alliance, Inc. -7.43% 33.235M Renault SA -6.70% 25,639 COMPANY PRICE(P) CHANGE(P) % CHG NET VOL
C LOSING P RICES 4 S EPTEMBER 3I Group 2.006,00 +10,50 +0,53% 60,39K Abrdn 165,60 +0,80 +0,48% 435,60K Admiral Group 2.421,0 -9,0 -0,37% 17,89K Anglo American 2.165,0 +29,5 +1,38% 198,25K Antofagasta 1.476,50 +5,50 +0,37% 21,41K Ashtead Group 5.602,0 +56,0 +1,01% 14,24K Associated British Foods 1.994,0 +9,0 +0,45% 14,12K AstraZeneca 10.778,0 +78,0 +0,73% 50,60K Auto Trader Group Plc 609,40 +2,00 +0,33% 21,12K Aviva 376,00 +1,00 +0,27% 265,86K B&M European Value Retail SA569,80 -4,00 -0,70% 68,72K BAE Systems 1.017,50 +9,50 +0,94% 167,00K Barclays 151,10 +2,04 +1,37% 3,01M Barratt Developments 452,23 +1,70 +0,38% 43,41K Berkeley 4.055,0 +9,0 +0,22% 4,82K BHP Group Ltd 2.342,00 +40,00 +1,74% 57,26K BP 504,30 +3,50 +0,70% 2,57M British American Tobacco 2.613,0 +5,0 +0,19% 56,73K British Land Company 313,80 -0,70 -0,22% 214,38K BT Group 114,75 -0,60 -0,52% 453,95K Bunzl 2.857,0 +7,0 +0,25% 18,97K Burberry Group 2.220,0 +38,0 +1,74% 33,25K Carnival 1.119,2 +9,0 +0,81% 14,23K Centrica 153,59 +0,05 +0,03% 994,99K Coca Cola HBC AG 2.254,0 +1,0 +0,04% 12,23K Compass 2.018,21 +24,50 +1,23% 110,11K CRH 4.561,0 +11,0 +0,24% 28,11K Croda Intl 5.564,0 +8,0 +0,14% 5,41K DCC 4.340,0 +18,0 +0,42% 5,40K Diageo 3.200,0 0,0 0,00% 103,73K DS Smith 315,20 +2,30 +0,73% 230,14K EasyJet 434,28 +9,80 +2,31% 154,38K Experian 2.797,0 +29,0 +1,05% 52,36K Ferguson 12.840,0 -10,0 -0,08% 1,21K Flutter Entertainment 14.465,0 +45,0 +0,31% 2,97K Fresnillo 563,88 -6,20 -1,09% 40,02K Glencore 434,65 +7,50 +1,76% 2,51M GSK plc 1.385,78 -1,20 -0,09% 155,49K Halma 2.142,0 +8,0 +0,38% 14,87K Hargreaves Lansdown 771,30 +5,40 +0,70% 22,44K Hikma Pharma 2.190,00 +17,00 +0,78% 3,99K HSBC 592,30 +4,00 +0,68% 1,89M IAG 162,05 +2,70 +1,69% 952,43K Imperial Brands 1.788,00 +4,50 +0,25% 24,55K Informa 743,80 +7,40 +1,00% 93,18K COMPANY PRICE(P) CHANGE(P) % CHG. NET VOL COMPANY CHANGE NET / % VOLUME US dollar (USD) ........................................1.0800 Japan yen (JPY) 158.12 Switzerland franc (CHF) 0.9542 Denmark kroner (DKK) 7.4518 Norway kroner (NOK) 11.478 MAKE THE MOST OF YOUR MONEY WITH US See our advert on previous page 0.85518 1.16925 LONDON
C LOSING P RICES 4 S EPTEMBER Units per € COMPANY PRICE CHANGE OLUME(M) NASDAQ C LOSING P RICES 4 S EPTEMBER M - MILLION DOLLARS THE ABOVE TABLE USES THE CURRENT INTERBANK EXCHANGE RATES, WHICH AREN’T REPRESENTATIVE OF THE RATE WE OFFER currenciesdirect.com/marbella • Tel: +34 952 906 581 EWN 7 - 13 September 2023 euroweeklynews.com FINANCE 14
- FTSE 100

Euro

EUR/GBP: Up from £0.85 to £0.86

EUR/USD: Up from $1.09 to $1.1

EUR/GBP: Down from £0.86 to £0.85

EUR/USD: Down from $1.09 to $1.08

The euro trended lower over the past month as signs of a declining Eurozone economy dampened European Central Bank (ECB) interest rate rise bets.

Through the first half of August, a lack of notable Eurozone data saw the single currency trade true to its negative correlation with the US dollar. EUR initially rose before weakening as USD regained its strength.

Gloomy PMI results hurt the euro towards the end of the month. Service sector activity in August unexpectedly shrank, dragging overall business activity into contraction territory.

Worrying signs of declining business and consumer confidence in Germany - Europe’s largest economy - added to the pressure on EUR.

CURRENCY OUTLOOK: EURO WEAKENS AMID GLOOMY ECONOMIC OUTLOOK, POUND UNDERMINED BY RECESSION FEARS

At the end of the month, a pullback in USD helped EUR recoup some losses. However, dovish meeting minutes from the ECB’s July policy meeting saw the single currency end the month on a sour note.

Looking at the month ahead, the ECB’s interest rate decision is in the spotlight. It’s unclear whether the bank will raise rates or not, with the uncertainty potentially driving volatility. If the ECB hikes, the euro could climb. Otherwise, EUR may face selling pressure.

Pound

GBP/EUR: Unchanged at €1.16

GBP/USD: Down from $1.27 to $1.26

The pound faced volatility early last month as the Bank of England (BoE) delivered a smaller-than-expected interest rate rise of 25bps. However, hawkish comments from BoE Governor Andrew Bailey limited losses.

Warnings about the health of the British economy then pressured the pound before the latest GDP figures surprised to the upside, sparking a rally in Sterling. The UK economy unex-

pectedly expanded by 0.2% in the second quarter of 2023.

As the month went on, record-high wage growth and stubborn inflationary pressures boosted BoE rate hike bets, sending the pound to a twomonth high against the US dollar and a one-year high against the euro.

However, troubling economic data slashed GBP’s gains in the latter part of the month. UK private sector activity unexpectedly contacted in August, while retail trade fell to its lowest level since March 2021, stoking recession

fears. This month, the BoE will meet to set monetary policy. An expected rate hike could boost Sterling against its peers, but if policymakers express concern about the UK economy then GBP could find its gains capped.

US Dollar

USD/GBP: Unchanged at £0.78

USD/EUR: Up from €0.91 to €0.92

The US dollar faced turbulence over the past month, although it managed to strengthen overall as markets bet on the possibility of more Federal Reserve rate hikes.

Headwinds hit USD early in August after the latest non-farm payrolls data reported weaker-than-expected job creation in the US, which dented interest rate expectations.

However, an uptick in US inflation and hawkish meeting minutes from the Fed’s July interest rate decision helped the ‘greenback’ rally in the middle of the month.

The US central bank also held its annual Jackson Hole Symposium, where Fed Chair Jerome Powell delivered a hawkish speech, hinting at more policy tightening to come.

The ‘greenback’ then trimmed its gains at the end of the month following a raft of underwhelming employment data releases. Signs that the US labour market is cooling once again dented Fed rate hike bets, thereby putting pressure on USD.

Turning to the month ahead, the Federal Reserve interest rate decision is also coming up. With the US central bank expected to leave rates unchanged, the ‘greenback’ could stumble.

EWN 7 - 13 September 2023 15 FINANCE euroweeklynews.com
Visit us at our Spanish offices in Costa del Sol, Costa Almeria, North Costa Blanca and South Costa Blanca. Telephone UK +44 (0) 207 847 9400 Spain +34 950 478 914 • Email euroweekly@currenciesdirect.com • www.currenciesdirect.com.
EURO: It’s unclear whether the ECB will raise interest rates or not.
ASK THE EXPERT Peter Loveday Contact me at euroweekly@currenciesdirect.com

It’s positively disgraceful

LEAPY LEE SAYS IT

SOME time ago, but still fresh in the memory, a colleague of mine sought to foster a Muslim child. This was not specifically because of the child’s religious background, but merely because due to his circumstances he appeared to be a lad that would benefit and indeed deserved a bit of TLC and stability in his life.

The boy was a 12 ­ year ­ old illegal immigrant, who had arrived in Dover, basically in the clothes he stood up in (not even a mobile phone!). My caring friend decided to do what he could to see the boy had all he needed for a fair start in life.

With a beautiful country home and three children, one already fostered, you would confidently assume that he and his spouse had all the requirements needed to see this young man happily on his way to a brighter future. Wrong!

The lad, bearing a cap, a prayer

mat and a Koran, (supplied by the authorities) duly moved in for a short trial period. He was warmly welcomed in by a loving family and was obviously extremely happy in his new­found environment. My friend then set about completing the formalities that were required to foster the child on a more permanent basis. And that’s where the problems started. Before any negotiations could begin, there were a few unshakable ground rules. One. The boy had to be free to pray five times a day. Two. He had to have the facilities of a local Mosque on a Friday. Three. He could only be fed on Halal meat. And four despite my friend wanting to pay for an extremely well established and expensive local private college, he had to ultimately be taken to a Muslim learning facility some miles away.

Somewhat taken aback by this list of requirements my friend attempted to negotiate. He had no problems with items one and two.

However, although he would of course make sure the lad was never offered, or obliged to eat pork,

DIFFERENT RULES OUR VIEW

preparing Halal food was far too disruptive to the family’s way of life and routine. As far as the Muslim school was concerned, it was miles away and would present insurmountable problems with school runs etc. His appeals fell on deaf ears. Compromises were out of the question. In the end the boy had to move out (forgetting to take his Koran I may add!) and return to whatever institution he had emerged from.

Is that sad or what!? Not only is it sad, it is a positive disgrace when compared to the young Western orphan girl, who was moved in with a Muslim family. She consequently had her cross removed and was made to live with people with whose culture faith and even language was alien to her.

Yet another example of the West kowtowing to Muslim interests, with utter disregard of our own cultural priorities and sense of fair play. Well, all I can say is on our own heads be it. Keep the faith. Love Leapy leapylee2002@gmail.com. expatradioscotland.com

THINGS aren’t always as they seem and in Spain visitors must be very aware that events can escalate quickly, especially as two different cultures meet.

Recently, a 19­year­old from the UK accompanied by his 18­year­old girlfriend travelled to Barcelona for a long weekend which turned into a nightmare.

They had had a few drinks and in his words they had a ‘tiff’ because her phone was almost out of charge and he put his hands on her shoulders (which she corroborates) to calm her down.

Out of the blue he was pounced on by two youngish men in civilian clothes and thinking he was being mugged, tried to fight back, but suddenly he was on the pavement and hand cuffed.

They were plain­clothes police who arrested him for gender violence and took him to a police station, leaving his girlfriend distraught and alone.

He was placed in a cell where one of the detainees was screaming and appeared unstable and despite his appeal to be moved, this was denied.

After being allowed to make a phone call to his family, he was kept in the cell for around 20 hours before being told he was being charged with assault on the girl as well as the police before being returned to the cell.

He was then assaulted by his cell mate until police intervened and he was taken the next day before the court.

With the assistance of the British Consulate, after pleading not guilty he was released, allowed to leave Barcelona and is due to return to Court in October 2024.

A frightening time and a warning to be aware that different rules often apply in different countries.

EWN 7 - 13 September 2023 16 euroweeklynews.com FEATURE
OTHERS
Leapy Lee’s opinions are his own and are not necessarily representative of those of the publishers, advertisers or sponsors.
THINK IT

THE KISS

I’M not qualified to write about the most famous kiss in history, so here goes!

As I write, Luis Rubiales is still in place as President of the Royal Spanish Football Federation (AFE). There seem to be good reasons for him to have stepped down or been dismissed. He may have bullied or harassed female players and he comes across as arrogant and confrontational. But we may never know whether he or Jenni Hermoso was lying about consent to the kiss on the lips.

It may well be that Rubiales made an error of judgement in seizing Hermoso’s head and planting a kiss on her lips. However, is it not possible that he was carried away by the emotional Latin frenzy around him? I simply don’t know. But I find the days of feverish worldwide discussion over the whole issue raises other questions about the direction in which the human race is veering.

What I can observe is how the

world’s attitude has changed since the advent of Women’s Lib. The huge flaw in that movement is the interpretation that women and men are equal.

Unquestionably, after centuries of subjugation, persecution and rape, women deserve equal rights, opportunities and respect.But they are different from men ­ just as a puffin is different from a penguin. And if this difference continues to be diminished

so that women and men become less distinguishable, the world will become a confused, tense and colourless place. Just like climate change it is happening in front our eyes.

We only need to look at a movie from the Golden Age of Hollywood. Men were masculine and women were feminine and the world ticked along very nicely. There was romance and humour in mutual sexual appreciation.

It was the same in everyday life. And there were Benny Hill’s Angels ­ saucy but fun.

The Miss World pageants were organised by an odd London couple, the Morleys, and dismissed by some as a ‘cattle market’ but no harm was done. A woman’s beauty was something to be admired and celebrated just as a man’s physical strength. For every woman embarrassed or annoyed by a pat on the bottom or a wolf whistle from a building site there used to be another who was amused or flattered. And on the subject of building sites, how many women in Spain work on construction or in mines? How many women own garages or drive juggernauts? Is it because they are not men? Do they want to be more like men? And vice versa?

Whether in the office, in a restaurant or in the street, men are discouraged from showing the attraction they find in a woman to whom they are not related.

Women have far more opportunities nowadays in many walks of life but there is so much sensitivity. If Rubiales has lost his position as AFE President, we have to ask if the kiss were the most justifiable reason.

SEPTEMBER’S THE REAL START OF THE NEW YEAR!

whole week on safari, and didn’t see any decent animals. Just some scruffy old antelopes.”

EVER felt that September ­ and not January ­ is the real start of the New Year when, after the long summer break, kids are back at school and adults at work?

In September, it’s that shiny new pencil case feeling. Because of the change in routine, a time of fresh starts, self­evaluation and, for travel operators, the inevitable postholiday whinges.

Some moaned their holidays were spoiled because “local women were too beautiful, made me feel really bad about myself.” “There was no sign telling you not to get on the hot air balloon ride if you’re afraid of heights.” “I spent a

Other complaints included: “You said the town was next to a volcano, but we went and there was no lava. I’m pretty sure it was just a mountain.” “We booked an excursion to a water park but nobody told us we had to bring our swimming costumes and towels.”

Good grief! What’s up with these guys? I’d be more than happy to go out and buy a spare cossie and towel for that water park. Because it would mean I WAS having a holiday!

Nora Johnson’s 12 critically acclaimed psychological suspense crime thrillers (www.no ra­johnson.net) all available online including eBooks (€0.99;£0.99), Apple Books, audiobooks, paperbacks at Amazon etc. Profits to Cudeca cancer charity.

EWN 7 - 13 September 2023 18 euroweeklynews.com FEATURE
Nora Johnson’s opinions are her own and are not necessarily representative of those of the publishers, advertisers or sponsors. NORA’S LATEST THRILLER.
thrillers and a freelance journalist.
JOHNSON BREAKING VIEWS
Nora is the author of popular psychological suspense and crime
NORA
THINKING
David Worboys’s opinions are his own and are not necessarily representative of those of the publishers, advertisers or sponsors
DAVID WORBOYS
ALOUD
Before the Women’s Lib movement, the Kiss would have attracted a few raised eyebrows rather than global outrage. Photo credits: bustle.com and pixel 8000

COMMUNITY COMMENTS

READERS have been responding to a recent article concerning the need to leave plenty of time in order to obtain the ETIAS travel authorisation next year for British (and other ‘foreign’) passport holders who don’t need visas to enter 30 different countries throughout Europe. The main concern has been whether UK passport holders who have residence in Spain need to obtain the documentation.

There is a very helpful observation from the European Union which states “ETIAS is a travel authorisation that covers nationals of visa-exempt countries coming to the EU for short-term stays. If you have a residence permit, residence card, or a document issued by any of the European countries requiring ETIAS which authorises your stay, you do not need an ETIAS travel authorisation.”

ETIAS is not specific to “Britons planning a European getaway.”

Nor is it specific to all of the EU countries.

It is specific to all Nationals of the 59 countries not in the EU but currently able to enter the Schengen Area Visa­free.

The Schengen Area consists of:Austria, Belgium, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland.

EU countries Bulgaria, Republic of Cyprus, The Republic of Ireland, and Romania are in the EU but not a part of the Schengen Area.

Therefore travel between these and Schengen Area countries is still passport controlled.

Ireland and Britain also share a Common Travel Area, allowing their citizens to freely travel between the Republic of Ireland and the United Kingdom.

The ETIAS is not a Visa, instead it is a security device: ­

1. Identify those intending to enter the Schengen Zone, in order to prevent criminals or terrorists or their supporter’s gaining entry.

2. Identify those overstaying the Schengen Zone 90­day visa­free period.

3. Identify ‘tourists’ exceeding Visa­free activities, during the 90 days visitors cannot work or study but can engage in business and tourism activities.

The administrative uses of the ETIAS are described at:https://www.schengenvisainfo.com/etias/

“Besides making travelling more secure, the ETIAS authorization will also assist the EU countries and all travellers in the following ways: Reduce procedures and application times. Improve the management of EU country borders.

Assist in detecting and decreasing crime and terrorism.

Impede irregular migration.

Reinforce the visa liberalisation policy of the EU.

All in all, the ETIAS authorisation will make travelling to the EU less of a hassle and a much safer experience.

Citizens of these countries are allowed to go into countries in the Schengen Zone for business or travel purposes for up to 90 days.

During these 90 days, these visitors cannot work or study but can engage in business and tourism activities.

The ETIAS will undergo a detailed security check of each applicant to determine whether they can be allowed to enter any Schengen Zone country.

While citizens of countries who do not need a visa for travel purposes of up to 90 days in the EU do not need to go through a long process of applying for the visa, the ETIAS will make sure that these people are not a security threat.

This travel authorisation system will gather, keep track of, and update necessary information regarding visitors to determine whether it is safe for them to enter Schengen countries.

Living in Spain with permanent residency but having a British passport, how does it effect us travelling in and out of UK but also within Europe. Thank you.

In reply to Sheena Parfitt

Sheena as things stand at the moment if you are a UK passport holder with residency flying from Spain to another Schengen country there is no requirement to show passports, so it seems ETIAS would not be required but things do change as the politicians and civil servants look to come up with new bright ideas.

So what happens about uk citizens with residency in an EU country ie Spain with a residency card will they still need this ???

But, not all countries in Europe including the UK are part of the EU. You would not need it to travel to Wales, Albania or many othet European countries.

In reply to Johm

In actual fact it’s more than just the 27 EU states and those requiring ETIAS visa are Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and Switzerland. In addition, in order to access Andorra, Monaco, San Marino and Vatican City you would need an ETIAS because you can’t fly directly although possibly you can travel by sea to Monaco.

EWN

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PETS

Dog-sitters for Bess were for free!

LAMIA and Chloe dogs­it for Bess the labrador

It happens from time to time that the founder of Housesitmatch house­sits with her family or on her own. Recently Lamia and Chloe her daughter dog­sat for Bess, an adorable Labrador! And of course the dog­sitting was for free. It was an active working holiday for the pair who love pets.

It’s a fair exchange.

All our sitters offer a fair exchange ­ free accommodation for free pet care and an online review. It’s a win win!

If you’re planning a trip for the holidays, don’t delay. Register today as a member of our network to find affordable home and pet care.

Plan ahead to secure great sitters

However long your trip, pets need someone with them at home. Young and senior pets in particular benefit from routines undisturbed. Plan ahead of time to find house and pet­sitters who will come to you for free!

Next steps to join

Choose Housesitmatch.com for affordable travel, home and pet care. These are the steps to take:

1. Register as a homeowner on HouseSit Match.com

2. Choose a Standard account (£69 per year) to

Lamia and Chloe dogsitting on a working holiday, for Bess the labrador.

ensure you can help online when needed

3. Create a profile with photos of your pet and the house

4. Post an advert for the dates when you want to go away. Sitters apply and you choose. How does it work?

HouseSitMatch helps you find sitters. Join our network for a small annual fee. You get ID checked for safety and then build your advert with trip dates. House­sitters see your advert, they respond and you choose the sitter you want.

Trustpilot Testimonials – 4.9 / 5 Excellent 10 out of 10 for housesitmatch.com

I have had nothing but good and helpful service from the people who run this site, and my experience has been excellent. Tristram Cosgrave ­ Dog and cat owner, Malaga

READER OFFER

Register online via www.Housesitmatch.com. House-sitting is a win-win for both parties, free house and pet-sitting, and the experienced and checked sitters get free accommodation! Register as either house-sitter or homeowner with a 20% discount code

SUMMER often beckons us towards picturesque holiday destinations, and naturally, many of us yearn to bring our entire family along, pets included. Just as humans ensure their safety through seatbelts, it’s paramount that our pets too adhere to certain travel regulations, safeguarding not

Safe car travel

just themselves but all car occupants. A primary concern for drivers should be the internal temperature of the vehicle. Over­relying on air conditioning, especially if it’s too cold, can adversely affect your pets.

Purring: Comfort or concern?

THE enigmatic purr of a cat has captivated owners for centuries. Traditionally associated with contentment, recent studies suggest that purring isn’t just an expression of happiness.

In fact, it could signify a range of emotions or even medical issues. Many of us assume that when our cat is purring, they’re in a state of bliss. While this is often the case ­ especially when accompanied by other signs like kneading or closed eyes ­ it isn’t the full story. Cats also purr when they’re frightened, in pain, or trying to heal.

Purring has been shown to release endorphins, which can relieve pain, suggesting it may be a self­soothing mechanism. If your cat suddenly starts purring more than

usual, or if the purring sounds different, it might be cause for concern.

Variations in the pitch, volume, or pattern of your cat’s purr could indicate distress or discomfort. If accompanied by changes in behaviour, such as reduced appetite or increased isolation, it’s advisable to consult a vet.

But how can you tell the difference? Pay attention to your cat’s body language. If the purring is paired with relaxed muscles, half­ closed eyes, and a tendency to seek out affection, it’s likely a sign of contentment.

However, if you notice tension, restlessness, or vocalisations like growling, a visit to the vet may be in order.

New restrictions on pets

Conversely, extreme heat can be equally harmful.

If circumstances permit, consider scheduling your journey during cooler parts of the day, like early mornings or late evenings. A stark fact to bear in mind: in the event of a collision even at a mere 50km/h, a loose pet can multiply its weight by up to 25 times. This not only endangers the animal but poses a serious threat to all passengers.

For our canine companions, safety can be ensured using: A two­point harness. A cabin separator. Or, placing them in an appropriate carrier either on the floor near the seat or in the boot. Cats, on the other hand, are best placed in suitable carriers to ensure their security. And for our smaller pets, like birds or rodents, a cage situated on the floor behind the seats is ideal.

Ensuring safety during car journeys is a testament to our care and love for them.

Safe travels to all, no matter how many legs you have!

ON September 29, the Spanish government will enforce the new Animal Welfare Law, which will make pets that were previously legal, illegal to own.

Under this law, owners will be required to notify the relevant authorities of their possession within six months of the law coming into effect. Furthermore, the competent authorities will take necessary actions to transfer these animals to wildlife protection centres, zoos, or animal protection entities.

Prohibited Pets

• Amphibians, fish, and arthropods whose venom or bite pose a serious risk.

• All primates.

• Poisonous reptiles and reptiles weighing over two kilos as adults, except for turtles.

• Wild mammals weighing more than five kilos in adulthood.

• Species banned by other community or national

regulations that limit their captivity.

• The law will also cover cetacean species (whale, dolphin or porpoise), breeding and keeping them in captivity will only be allowed for conservation and research projects.

Examples of animals that will be prohibited as pets once the new law is in force are: mice, hamsters, rabbits, guinea pigs, parrots, budgies, turtles, spiders, hedgehogs, Vietnamese pigs, snakes,

iguanas, chameleons, and geckos.

For those who already own any of these animals, they will have a six­month window from September 29 to inform authorities.

It's crucial to stay informed about these regulations and comply with them to ensure the wellbeing of pets and the preservation of wildlife. Lastly, it's worth noting that there will be fines and penalties for those who violate these regulations.

SPONSORED BY www.euroweeklynews.com • 7 - 13 September 2023 22
20EWN .
Guinea pigs banned. CAT PURRING: Isn’t just an expression of happiness.

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THE ANGLICAN Chaplaincy of Nerja & Almunecar. Every Sunday there is a Holy Communion service at midday in San Miguel church in Nerja.

Every Wednesday morning at 9.30 we have an online ‘Zoom’ HC service - please contact Fr Nigel with an e-mail address if

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FOR SALE/WANTED

Man United not for sale Verstappen breaks F1 record

RED BULL driver Max Verstappen proved once again in Monza on Sunday, September 3, that it doesn’t really matter which position he starts a race from.

The Dutchman stormed to his 10th consecutive chequered flag of the season by winning the Italian Grand Prix. In the process, he broke the record he had shared temporarily with the former Red Bull world champion Sebastian Vettel.

As a result of this historical win, there is now a massive gap of 145 points be tween Verstappen and Perez in the driver’s table as he closes in on a third world crown.

Verstappen simply did not care that he was on Italian soil, the home of the red Ferraris. Spain’s Carlos Sainz started from pole position but that lasted all of 14 laps.

An error by the Spaniard allowed the reigning world champion to pass him as the two cars entered the second chicane with Sainz locking his brakes.

Sainz soon had the other Red Bull in his mirrors as Sergio Perz pushed for second position on the track. The Spaniard managed to hold him off until nine laps from the end when he conceded his place to the Mexican.

Charles LeClerc subsequently attempted to pass his teammate, with

two Ferraris battling for the final spot on the podium. The driver for Madrid clung on to cross the line in third, with the Frenchman just 0.1secs behind him.

Mercedes took fifth and sixth with George Russell once again putting in an excellent performance to lead the multiple world champion Lewis Hamilton across the finishing line.

The latter was hit with a five­second penalty after a collision at the second chicane with the McLaren of Oscar Piastri. Fortunately for the Brit, he was far enough ahead of Alex Albon’s Williams to keep his place.

Lando Norris brought the second McLaren home in eighth, followed by Fernando Alonso in the Aston Martin and Valtteri Bottas rounding out the Top 10 for Alfa Romeo.

IN a move that is bound to infuriate hardcore fans of the club, Manchester United is reportedly no longer for sale and will be taken off the market.

The bombshell news was announced by a news source on Saturday, September 2. Citing a source close to the Glazer family, the news outlet said that the Americans had made the decision after potential buyers failed to meet their anticipated asking price.

‘The Glazers are thickskinned and won’t be influenced by any negative fan reactions,’ the source allegedly informed the publication.

Only two serious bidders were left in the final race to take over at Old Trafford.

Sheikh Jassim of Qatar and Sir Jim Ratcliffe had beaten off other prospective buyers to enter what ultimately appeared to be a two­horse race.

When they announced that the club was up for sale, the family said it was happy to either sell 100 per cent of it or that they were also open to keeping a part of the business.

Sheikh Jassim was appar­

ently prepared to purchase the club in its entirety, whereas Ratcliffe would let the Glazers retain a minority stake in United it was believed.

According to the source, when the family placed the club on the market in November they were anticipating a much higher level of interest.

The Glazers will now wait until 2025 said the source, when they will attempt to sell Manchester United for a second time in the hope more bidders will enter the market.

With the 2026 World Cup scheduled to be played in the United States, the profile of American billionaires as investors in football clubs could be heightened said the source.

EWN 7 - 13 September 2023 euroweeklynews.com SPORT 24
Red Bull driver Max Verstappen. 4 Gold medals won by Spain at World Athletics Championship. Credit: Ev. Safronov/Shutterstock.com

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