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Tourism Employment Rises
Growth in job opportunities strengthens Balearic economy
THE tourism sector in the Balearic Islands continues to expand, recording a 3.1 per cent increase in employment in January 2025. With a total of 59,897 registered workers, the industry remains a key driver of the regional economy, accounting for a significant portion of local employment.
According to the National Institute of Statistics (INE), this growth follows a national trend, where tourism-related employment reached 2.62 million workers, reflecting a 4.1 per cent rise compared to the previous year.
The hospitality industry saw a 6.1 per cent increase in accommodation services and a 3.9 per cent rise in food and beverage services, reinforcing the sector’s steady recovery.
To meet rising demand, the Balearic tourism sector
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is currently looking to fill over 100,000 new positions for the 2025 high season. Many of these roles will be offered as permanent seasonal contracts, ensuring greater job security for workers. Recruitment efforts are in full swing, with companies prioritising skilled
labour to maintain high service standards.
Economic forecasts remain optimistic, with a projected 4.9 per cent increase in tourism revenue for 2025. Experts attribute this positive outlook to sector stabilisation, improved working conditions, and ongoing
investments in tourism infrastructure.
As Mallorca and the wider Balearic region continue to attract millions of visitors, sustained growth in tourism employment is expected to further strengthen the islands’ global appeal.
Balearic Rental Trends
Strong demand drives growth in the housing market
THE Balearic Islands continue to attract residents and visitors alike, driving a dynamic and flourishing rental market. With stunning landscapes, a vibrant cultural scene, and a high quality of life, the demand for housing in the region has never been stronger.
According to data from Idealista, several municipalities in the Balearics are among the most sought-after places to live. Santa Eulària des Riu leads with an average monthly rent of €4,240, followed by Sant Josep de sa Talaia (€3,485), Ibiza (€3,365), and Calvia (€3,136). This steady growth in demand highlights the
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islands’ enduring appeal for both long-term residents and seasonal visitors.
The increasing interest in
rental properties reflects the islands’ ongoing economic vitality and attractiveness as a premier destination. The Balearic Islands continue to develop new opportunities in sustainable urban planning, ensuring that the region remains a desirable place to live, work, and visit. The islands are set to thrive while maintaining their unique charm and accessibility.
MALLORCA is gearing up for a vibrant Carnival season, promising a delightful array of festivities for all ages. The celebrations kick off with Sa Rueta, the children’s parade, on Sunday, February 23. This event will transform Palma’s city centre into a lively playground, featuring 33 activities.
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The excitement continues with Sa Rua, the grand parade for adults, scheduled for Sunday, March 2. Participants will parade from Las Ramblas to Avenida de Jaume III, showcasing elaborate costumes, creative floats, and dynamic performances.
These events highlight Mallorca’s rich cultural heritage and community spirit, offering residents and visitors an opportunity to immerse themselves in the island’s festive atmosphere. As the streets come alive with colour and music, the 2025 Carnival promises to be an unforgettable celebration of tradition and joy.
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Mallorca • Issue No.
The marina at Port de Sóller.
Tourism continue to expand on the island.
Carnaval 2024 in Ses Salines.
Castle visitor centre reopens
THE iconic Castell de Bellver has reopened its Visitor Centre after a four-year closure, providing an upgraded experience for both tourists and locals. The 14th-century Gothic castle, one of Mallorca’s most treasured landmarks, is known for its unique circular design and panoramic views of the city and bay of Palma.
The reopening marks a significant step in the castle’s revitalisation. Visitors can now enjoy a cafeteria offering refreshments and snacks, while public restrooms are available for added convenience. A bookshop is also expected to open soon, where tourists can purchase publications and souvenirs related to the castle’s history and the island’s heritage.
The Visitor Centre is open from Tuesday to Saturday, with extended hours during the summer months. Entrance fees are set at €4, with discounts available for residents and groups. Tickets can be purchased on-site, with the centre closing its ticket sales 45 minutes before the end of the day.
The castle itself remains a key symbol of Palma’s rich history, having once served as a royal residence and later as a prison. Its recent reopening is part of a broader effort to enhance the city’s cultural tourism offerings, positioning Palma as a must-visit destination for those interested in history and heritage.
The return of the Visitor Centre ensures that visitors can immerse themselves in the past of Castell de Bellver, while enjoying modern amenities and stunning surroundings.
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Sara Arjona
THE local markets offer a vibrant glimpse into the island’s rich culture and traditions. Held throughout the week in various towns, these markets are a must-vi sit for both locals and visitors.
Pollensa market, every Sunday from 8.00am to 1.30pm, transforms the main square into a bustling hub with up to 300 stalls. Shoppers can find fresh produce, local cheeses, handmade crafts and leather goods.
Inca’s market, one of the largest on the island, takes pla ce every Thursday. It offers a wide variety of products, including clo thing, accessories, and fresh fruits and vegetables. It’s a great spot to experience the local atmosphere and pick up unique souvenirs. Sineu’s market, the oldest on the is -
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land, has been running since 1306. Held every Wednesday, it features
food stalls, antiques and live animals, providing a truly traditional Mallorcan experience.
Santa Maria del Camí’s market, known for its organic produce, happens every Sunday. It’s perfect for health enthusiasts seeking fresh, chemical-free food.
Alcudia’s market, held on Tuesdays and Sundays, offers local crafts, clothing and fresh produce. Set against the backdrop of the town’s historic walls, it adds charm to the shopping experience.
Visiting these markets offers an authentic experience of Mallorca’s local life, with everything from fresh produce to handcrafted items. Whether shopping or simply soaking in the atmosphere, Mallorca’s markets are a delightful way to spend your day.
Spring rally event
THE March into Spring Rally, organised by the Classic Car Club Mallorca, is set for March 1. This exciting event brings classic car enthusiasts together to drive through the picturesque countryside of Mallorca, exploring charming towns such as Bunyola, Alaro, and Lluc.
Starting at Can Dimoni restaurant in Algaida, participants will be welcomed to the rally with refreshments before embarking on a scenic drive.
The route offers stunning views of the island’s landscapes, with ample opportunities for drivers to enjoy both the cars and the surroundings. The rally will conclude with a three-course lunch at Es Guix restaurant in Lluc, where participants can socialise and enjoy delicious food together.
The Classic Car Club Mallorca is dedicated to celebrating the beauty of vintage cars and fostering a community of car lovers.
Known for hosting events that highlight both the vehicles and the natural beauty of the island, this rally is a fantastic opportunity to meet like-minded individuals while experiencing the best of Mallorca.
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cars or those simply looking to enjoy a scenic day out in good company.
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This event is ideal for anyone with a passion for classic
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The March into Spring Rally is a unique way to embrace both the island’s stunning scenery and the timeless appeal of classic automobiles.
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Typical Mallorcan products.
Castle de Bellver - a most treasured landmark.
Credit: Pexel. Joerg Mangelsen.
Classic Car Club event in Mallorca.
Credits: Classic Car Club website.
Pensioner tax return exemption Spain citizenship changes
What you need to know
Marc Menendez-Roche
APRIL marks the start of the 2024 income tax season, and while many pensioners will find themselves in the firing line, there are some who can breathe a sigh of relief - at least for now. But don’t get too comfortable just yet.
The rules for pensioners regarding the declaración de la Renta (tax return) in 2025 are a mixed bag.
The 2024 tax campaign kicks off on April 2, and pensioners aren’t free from the taxman’s grip just yet. However, there are some exceptions to the rule. Pensions are, of course, subject to tax accor ding to the terms of Spain’s Personal Income Tax law (IRPF).
Here’s where it gets interesting: pensioners with only one source of income - their pension - won’t need to file a tax return, as long as their total annual income is under €22,000. If that sounds like you, you’re in luck - but only if you’re sticking to a single income stream.
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But if you happen to have more than one source of income, things change. If the second source of income pays you more than €1,500 annually, your annual income threshold for filing the tax return drops to €15,875. So, double-check those numbers - you may not be as safe as you think.
The final scenario that forces pensioners to file a return
Pensions are of course subject to tax.
is if they’re receiving a pension in Spain and any other social security payments from abroad. For those who spent years working abroad and now get pensions from overseas, it’s essential to know that the Spanish tax authorities will want their cut, and they may need to file depending on the amount and type of income.
Strict rules start March 2025
SPAIN will begin revoking nationality in March 2025 for naturalised citizens who fail to meet strict legal obligations. The new policy, outlined by the Ministry of the Presidency, Justice, and Relations with the Cortes, targets those who acquired Spanish nationality by residence or other means - not by birth.
Individuals risk losing their citizenship if they continue using their former nationality for more than three years after naturalisation, enlist in foreign armed forces or hold a political role abroad without Spanish government approval, or if a court finds they obtained citizenship through fraud or falsification.
While no fixed list of restricted countries exists, each case will be carefully reviewed, especially when national security is at stake. Those who lose Spanish nationality under these rules may apply for reinstatement, but the process is stringent. Applicants must generally be legal residents in Spain, though exceptions exist for emigrants and their children. They must formally declare their intention to recover citizenship before the Civil Registry and complete the registration process. In cases of fraud or military/ political violations, government approval is required. This policy shift reflects Spain’s commitment to ensuring naturalised citizens uphold national laws and values. By tightening regulations, the government aims to protect national security and preserve the integrity of Spanish nationality.
Rules on paying cash Fuel prices plunge
Limits, penalties, and reporting violations
WHILE paying in cash remains legal, the government is cracking down on transactions they say could fuel tax fraud and money laundering. Under Law 7/2012, businesses and professionals cannot accept cash payments of €1,000 or more in a single transaction. Trying to be clever by splitting it into smaller
amounts? Doesn’t matterHacienda adds them up. For tourists and expats without a Spanish tax residency, the limit is slightly more generous at €10,000 - but break it and the penalties still apply. And if you’re thinking of sneaking by with a cheque or other direct payment method, think again. The restrictions don’t just cover no
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responsible.
apply to bearer cheques and other non-traceable payment methods.
In a move that’s sure to cause some heated arguments, the first person to report an illegal cash transaction gets a free pass! If you’ve been part of a dodgy deal and decide to spill the beans to Hacienda within three months, you’ll escape punishment - leaving the other party to take the hit. But if both parties report each other at the same time? No one gets off the hook! Ignoring the rules could hit you hard in the wallet. Breaching these cash limits is classed as a serious administrative offence and can result in fines of 25 per cent of the total amount paid in cash. And there’s no escape - both the payer and the recipient are equally responsible. If one can’t pay, Hacienda will go after the other!
Spain outshines EU averages
SPANISH motorists have plenty to cheer about, as petrol and diesel prices continue their downward trend for the second consecutive week. According to the latest EU Oil Bulletin, the average price of petrol has slipped to €1.571 per litre, while diesel now costs €1.499 per litre. That’s a 0.13 per cent drop - proof that January’s price peaks have finally hit the brakes!
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When it comes to Europe-wide comparisons, Spain’s fuel prices remain pleasantly below the EU and Eurozone averages. Across the 27-member EU, the average petrol price stands at €1.711 per litre, with diesel at €1.629. Zoom in on the Eurozone, and those figures climb to €1.76 for petrol and €1.655 for diesel. Spain is definitely revving its engines ahead of the competition. Global oil markets remain bumpy, thanks to fresh US tariffs on its largest oil supplier, along with ongoing economic uncertainties, geopolitical tension, and supply chain snags. Experts warn that these factors could send prices into another tailspin - or an uphill climb. Watch this space for all the twists and turns at the Spanish pumps!
So, for now, motorists can celebrate - and maybe even take a scenic drive or two without breaking the bank.
Spain’s fuel prices remain below the EU and Eurozone averages.
Green classrooms
Solar pergolas power Mallorca schools
IN a groundbreaking initiative, a dozen schools in Mallorca are set to install solar-powered pergolas, combining the benefits of providing shade and generating clean energy for the facilities. This pilot project, led by the Conselleria de Education of the Balearic Islands, aims to enhance sustainability across the region’s educational sector.
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The solar pergolas will not only offer much-needed shade during hot months but will also supply energy to schools, significantly reducing their electricity costs. For example, Son Oliva School has already seen a reduction of about 30 per cent in its energy consumption after the installa-
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tion of one of these systems, amounting to a saving of around €6,000 annually.
These new initiatives align with the growing demand for eco-friendly solutions within educational establishments.
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Dance Cycle 2025
of its masterpieces: Jardí Tancat, Duende, and Cantus. These works, celebrated for their visual poetry and powerful interpretation, promise to captivate audiences with their beauty and depth.
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The solar pergolas are part of a broader plan to transform school outdoor spaces, promoting greener, more energy-efficient environments for students and staff alike.
With further projects planned, this is a major step toward achieving sustainable energy goals within the region.
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DANCE takes centre stage in Palma with the highly anticipated Dance Cycle 2025, a series of performances featuring renowned figures from the world of dance at the iconic Auditorium de Palma. Until May 22, audiences will have the chance to experience breathtaking choreographies full of emotion, technique, and artistry.
The cycle opened on February 14 with the prestigious Nacho Duato Company, presenting three
On March 29, the stage will come alive with the passion of flamenco, led by Eduardo Guerrero and his show Dancing is More than Just Dancing. Recognised for his vibrant and avant-garde style, Guerrero will offer a performance that pushes the boun-
daries between tradition and modernity.
Finally, on April 5, audiences will be treated to the innovative approach of the Marie Chouinard Company, which will perform iconic pieces such as Prelude to the Afternoon of a Faun, Lascia ch’io pianga, and The Rite of Spring.
This dance cycle is a unique opportunity to experience the thrill of dance in all its forms. Secure your tickets now and don’t miss out!
Free public transport
THE Balearic Islands government has decided to extend the free public transport service until 2025, following its implementation in 2024, benefiting passengers who use trains and intercity buses. Initially, the government had planned to limit the subsidies, but after public outcry and calls for continued support, the decision was made to keep the programme universal.
This initiative, first introduced to ease the financial burden on residents and visitors alike, has proven to be highly popular. It allows for unlimited travel on trains and buses across the islands, promoting the use of sustainable transport and reducing traffic congestion.
The decision to extend the subsidies comes
as part of the regional government’s ongoing efforts to support the green transition and make public transport more accessible. By keeping the aid universal, residents, tourists, and commuters will be able to continue using these services free of charge, which could encourage further use of public transport in the future.
This extended initiative is expected to not only benefit locals but to boost tourism by making travel around the islands more affordable and convenient. With environmental concerns becoming increasingly urgent, this step is seen as a significant move to a more sustainable and accessible transportation system.
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Educational inclusion of sustainability in schools.
Nacho Duato Company, Ciclo Danza Auditorium-Air Europa 2025.
Credits: Pexel. Artem Podrez.
Auditorium de Palma.
Mother wins case
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SPAIN’S highest court, the Constitutional Tribunal (TC), confirmed that a single mother with twin daughters was entitled to 26 weeks of maternity leave.
The mother lives in Baleares and this was one of the Islands’ first cases where the TC applied the principle that restricting a single parent’s maternity or paternity leave to the 16 weeks granted to each parent in a two-parent family was discrimination.
Six of the 16 weeks must be taken immediately af-
ter the mother gives birth, with the remainder spread over the year.
This meant that a newborn could be cared for by one of its parents during the first 26 weeks of its life, something that was denied to babies in a one-parent family, the Baleares mother argued.
Social Security in turn argued that she was entitled to no more than 16 weeks, plus another two weeks, owing to the ‘multiple birth’ of twins.
The mother took her
case to the Baleares Upper Court of Justice, (TSJIB), which ruled in her favour, prompting a counter-appeal by Social Security to the Supreme Court. The woman lost the case but, undeterred, she appealed to the TC whose judges agreed that she was entitled to 26 weeks.
Other one-parent families in Baleares who were unsuccessful in extending their maternity or paternity leave have also lodged appeals and now await a decision.
Meghan Markle’s symbol surprise
A SMALL village in Mallorca has gained international attention after asking Meghan Markle to consider withdrawing the logo for her new business, which bears a striking resemblance to the coat of arms of the picturesque village of Caimari. This village, located in the Serra de Tramuntana, is known for its rich history and culture, particularly its agricultural heritage.
The controversy began when the design for Meghan’s brand logo was unveiled, featuring a coat of arms with elements that echo the emblem of Caimari, which has been in use in the region for centuries. Although the resemblance is not exact, the residents of the village couldn’t help but notice the similarity and were intrigued by the coincidence.
The mayor of Caimari requested a review of the logo’s use. “It’s a design that holds part of our history, and it’s fascinating to see how something so local has attracted international attention,” he commented. The request to modify or withdraw the logo has sparked a debate about how cultural symbols can be inter-
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ABSOLUTELY EVERYTHING IS IN ENGLISH
Car, bike and home insurance, with absolutely everything in English. The emergency and claims hotline is fast and efficient, with quick no obligation quo tes over the pho ne. The customer service team will help you decide on the best policy and there are easy payment options so you can spread the cost of your premiums.
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preted and used on a global scale. What began as a local request has captured the attention of international media, highlighting how small traditions can cross borders and ignite interesting discussions about heritage and intellectual property in the modern world.
Person’s Night-time Assistance. And their car insurance includes helpful services such as Legal Assistance that can provide help when applying for or renewing your driving licence in Spain.
EXPAT2EXPAT REWARD PROGRAMME
When an existing Línea Directa customer recommends a new customer, they both receive €30. Línea Directa’s Expat2Expat programme is free and open to all existing customers. You can recommend up to 10 people and earn up to €300 in cash per year. Simply ask your friend to call 917 002 006 and quote your full name. Then once their application for car, bike or home insurance has been approved, Línea Directa will pay the reward straight into the bank account following payment of next or first premium. For more information, see terms and conditions at lineadirecta.com.
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LOWER THE PRICE OF YOUR INSURANCE
DID YOU KNOW?
All Línea Directa insurance policies offer additional features specifically designed for expatriates living in Spain. Their home insurance includes Pet Assistance, IT Assistance, and Home Maintenance. All motorbike policies come with Replacement Motorbike, Technical Equipment cover and even Young
Change to Línea Directa and they will lower the price of your insurance. Línea Directa has been providing comprehensive car, motorbike and home insurance to British expatriates and residents in Spain for over 25 years. With over three million customers nationwide, Línea Directa makes sure you get the best possible price for the kind of insurance you really need.
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Meghan Markle during a visit to Northern Ireland in 2018.
WHEN France’s new Immigration law comes into e ect later this year, thousands face the nightmare prospect of having to leave the country.
As well as stricter border controls and increased powers for expelling migrants, the law links residency permits to a language test.
A Senate survey calculated that this would a ect approximately 330,000 people in the rst year, with around 60,000
French test stumps the French
losing the right to remain in France after failing the test.
The new law obliges those applying for a permit to have a level of French like that of a middle school pupil aged between 11 and 15 but even greater pro ciency will be required for citizenship or long-term residency.
According to FranceInfo, which sent 10
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volunteers to take the 90-minute test, it required a pro ciency that could stump native French-speakers.
All except one volunteer had baccalaureate exams - equivalent to ‘A’ Levels - but ve passed the oral and failed the written test, while people failed both. The conservative Interior minister Bruno Retailleau came out in defence of the tests.
“If a foreign person has been legally resident in France for several years and is not able to speak French, it’s because they haven’t made the e ort,” he argued. Meanwhile, retirees of 65 or over are expected to be exempt as are those applying for, or renewing, annual visitor cards. This also applies to residency applications that do not require a language test, including the Brexit Withdrawal Agreement Card.
Criticism over duty-free shops
THE European Commission has issued a reasoned opinion against Greece for continuing to run duty-free shops at its land borders with Albania, North Macedonia, and Turkey. This move, the Commission argues, violates Council Directive (EU) 2020/262, which aims to ensure uniform excise duty regulations across all EU member states. Until January 2017, certain member states were allowed to maintain taxfree shops outside airports or ports if they had existed before July 2008. However,
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the EU exemption expired, and Greece’s ongoing operation of land border duty-free shops is now deemed non-compliant. After
Greece provided what the Commission called an unsatisfactory response to an earlier warning, Brussels escalated the matter by is-
suing this latest formal opinion. The Commission has given Greece a two-month deadline to address the issue. If the country fails to comply, it could be referred to the Court of Justice of the European Union, potentially facing legal and nancial repercussions. By pushing for stricter adherence to EU-wide tax regulations, the Commission underscores its commitment to a level playing eld - one where duty-free sales at land borders are no longer permitted under current EU legislation.
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Greece’s duty-free shops at land borders have come under EU scrutiny, with Brussels pushing for their closure to comply with regulations.
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Tradition meets creativity
MELAMPO PORRERES is a venue located in the picturesque town of Porreres, seamlessly blending Mallorca’s rich history with modern creativity. Offering a dynamic experience, the venue serves as both a restaurant and a cultural hub, making it a standout destination for those seeking something unique. The restaurant’s menu offers a creative fusion of traditional Mallorcan flavours with contemporary twists, ensuring a delightful dining experience.
But Melampo is more than just food; it’s a place where culture and creativity flourish. In addition to its gastronomic offerings, the venue hosts a variety of workshops, events, and private gatherings. These activities make it an ideal spot for people looking for an immersive experience beyond just dining.
Melampo is constantly evolving,
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embracing new ideas and proposals to keep the atmosphere fresh and exciting. Whether you’re attending a workshop, celebrating a special event, or simply enjoying a beautifully crafted dish, the venue adapts to meet the diverse needs of its guests. The blend of historic charm and contemporary flair provides a perfect setting for creativity to thrive.
For those seeking an experience that combines fine food, local culture, and creative exploration, Melampo Porreres is a must-visit. It offers an enriching experience for both locals and visitors, making it a true gem on the island of Mallorca.
www.melampoporreres.com
Av. del Bisbe Campins 13, 07260, Porreres Tel: 629 221 617
Mallorca Restaurant Week
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FROM February 25 to March 13, Mallorca Restaurant Week offers food enthusiasts an outstanding opportunity to indulge in the island’s vibrant culinary scene.
Over the course of two weeks, more than 30 of Mallorca’s finest restaurants open their doors with exclusive, locally inspired menus that showcase the very best of regional produce. Each venue presents a carefully curated selection of dishes crafted from the freshest ingredients, celebrating the rich gastronomic heritage and unique flavours that define the island. This event is ideal for both locals and visitors, as it provides a rare chance to explore new dining experiences or revisit favourite establishments, all at specially reduced prices. The innovative menus hi-
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La Gran Tortuga
LOCATED in one of Mallorca’s most tranquil and picturesque spots, La Gran Tortuga is an ideal destination for a memorable dining experience before the island becomes crowded with tourists. This restaurant is not only known for its high-quality cuisine but also for its relaxing atmosphere, allowing guests to enjoy the peaceful ambiance of the island during its calmer days.
Famed for its exceptional Mediterranean cuisine, La Gran Tortuga offers a menu that combines the freshest local ingredients with exquisite presentation and delightful flavours. Whether you’re enjoying fresh fish or carefully selected meats, every dish is a true reflection of the island’s best culinary offerings. What truly distinguishes La Gran Tortuga is its location. Its spacious terraces offer stunning panoramic views, providing the perfect
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setting for al fresco dining while you soak in the sea views and surrounding natural beauty.
Visiting before the peak season has its advantages. You’ll be able to avoid the hustle and bustle while indulging in outstanding dishes in a serene environment. It’s the ideal opportunity to savour delectable meals and take in the breathtaking scenery, making you feel as though you’re dining in a private paradise. Now is the perfect time to experience La Gran Tortuga before the high season rush.
www.restaurantelagrantortuga.com
Ctra. Cala Fornells, 37, Paguera TEL: 971 686 023 / 669 469 981
PALMA is set to host Fira del Ram, a cultural event that seamlessly blends tradition with modernity in the heart of the city, from February 28 to April 27.
Over several days, this gathering will bring together artists, craftspeople, chefs, and musicians, all showcasing the best of local creativity through exhibitions, live performances, and tastings of authentic cuisine.
Fira del Ram is poised to become a must-attend event for those wishing to rediscover Mallorcan roots and enjoy innovative reinterpretations of time-honoured traditions.
The event programme includes interactive workshops, craft displays, and dedicated innovation spaces where both established professionals
ghlight seasonal ingredients and traditional recipes, ensuring that every meal reflects the authentic tastes of Mallorca. In doing so, the event not only supports local businesses but also promotes sustainability through the responsible use of local produce.
Mallorca Restaurant Week also serves as an excellent prelude to the busy summer season, allowing diners to enjoy high-quality cuisine in a relaxed atmosphere before the arrival of large crowds. With its combination of superb food, scenic settings, and attractive pricing, this event is a must for anyone with a passion for fine dining. Be sure to reserve your table early, as spaces fill up quickly during this highly anticipated culinary celebration indeed. www.restaurantweek.es
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and emerging talents will present their projects. Visitors will also have the opportunity to participate in talks and activities that encourage reflection on Palma’s cultural evolution and the importance of preserving its identity.
This celebration stands as a community gathering point, offering an enriching and dynamic experience that unites the past and present in one
vibrant showcase. Fira del Ram not only stands out for its artistic and gastronomic quality but also for its commitment to sustainability and the promotion of local talent. It is undoubtedly an unmissable occasion to enjoy Palma’s vibrant cultural life and discover new perspectives in a unique and welcoming atmosphere. Don’t miss this extraordinary event.
Fira del Ram
Credits: La Gran Tortuga.
Credits: Facebook, Feria de Baleares, Fira del Ram.
Sarah Jane Kincaid and Enrique García Lozano, founders.
Credits: Melampo Porreres
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INTERVIEW
Victorița Axinescu from BucharestSpeaking European
A wedding planner with more than 15 years of experience, Victorița Axinescu moved from Bucharest to Malaga in 2022. She began building her wedding planning and now helps couples from all over the world with tying the knot here.
EWN: Why did you de cide to move to Spain?
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Victorița: Moving to Spain was a decision I didn’t make easily. I couldn’t imagine myself living abroad, away from my family and friends. I came here with my husband and daugh ter of 10 months at the time, thinking that we owe it to ourselves to experiment something new.
EWN: What’s your favourite part of the Spanish lifestyle?
Victorița: The tranquil pace and finding enjoyment in the simplest things. There’s a great sense of community where we live and we always feel welcomed and safe.
EWN: How does your business here differ from the one in Romania?
Victorița: Moving here, I decided to
focus only on destination weddings, so my services are now focused on couples from all over the world who choose Malaga or Marbella for their celebration. The wedding scene is bigger, there’s a faster pace of implementing global trends and I get to work with a variety of talented people from all over Europe.
EWN: Tell me one big difference between life here and life in Romania.
Victorița: I feel there is a big focus on community, with care for all demographics. The communities really take pride in not leaving anyone behind.
Victorița Axinescu is the owner of malagawedding.com. You can reach her via her Instagram account - @so realweeddingplanner.
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Do you use olive oil daily? Your VOICE
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OLIVE OIL is a kitchen staple for many, in particular in Mediterranean diets, due to its many health benefits and rich flavour. Whether it’s used in cooking, drizzled over a salad, or simply enjoyed with some bread, its versatility makes it an essential ingredient in Spanish households.
husband: “Hubby loves olive oil, the stronger the better. I, on the other hand, am anti-oil/grease in general. So, he gets olive on his toast and salad. I do use a spoonful when cooking sofrito or when making gazpacho.”
Brian Clarke is such a fan of the flavour that he enjoys “A tablespoon straight out of the bottle.”
Claire Yates Art prefers it over other options, saying, “Wish I did use it daily. I prefer it to sunflower oil. But I refuse to buy it now due to the price.” Hopefully, you’ll be able to enjoy it more in the near future, Claire!
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Recently, a significant drop in olive oil prices has caught the attention of consumers and producers. After two years of record high prices due to droughts, olive oil prices have now dropped by more than 50 per cent. While this decline is celebrated by shoppers, it presents challenges for farmers whose livelihoods depend on stable and profitable prices.
With recent price drops expected to make it more affordable, we wanted to know just how often people reach for their bottle of olive oil. So, we asked our readers: Do you use olive oil daily?
Karen Joy Harley says yes, “with fresh tomatoes on toast and salt.”
Angela Edgley also enjoys it daily, responding, “Definitely yes. For cooking, drizzling, spraying on air-fryer cooking.”
Deb Horses describes the different preferences between her and her
Maria Angeles Martinez Munoz is already seeing the impact of falling prices: “Prices are going down. Last Friday I paid €5.45 for a litre of Carbonell AOVE.”
Seán Brannigan loves olive oil and even uses it beyond the kitchen: “As an aftershave as well ... It’s an excellent moisturiser, read about it.”
In conclusion, the majority of respondents said ‘yes’ to using olive oil daily, with the small number of people who said ‘no’ citing recent high prices as the reason. It’s clear that while olive oil remains a beloved staple for most, cost still plays a significant role in the choices of a few.
Victorița Axinescu.
Credit: Victorița Axinescu Instagram
ADVERTISING FEATURE
A brand new, exciting opportunity
LILYPADPROPERTIES SPAIN.
ES have an incredible reputation as leading Estate Agents in the Costa Blanca. They focus on finding their clients’ dream homes and are specialists in selling properties. Their impeccable reputation has been built over nearly 25 years in business.
They have a brand-new and exciting opportunity coming to the market in Mallorca. Natalie Whelan who manages Lilypadpropertiesspain.es spoke with me about their new project and how she and her team love being estate agents and helping people change their lives.
“It’s exciting times for Lily padpropertiesspain.es as we have been given an opportunity to sell newbuild houses on the beautiful island of Mallorca. I’ve been given 80 new builds
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to sell which will be completed by December 2026. The detached and semi-detached villas, with three bedrooms and three bathrooms start from just €389,950.” Which is a great deal in an area where houses of this size can retail at anywhere between €600,000 and €700,000. The luxurious new builds also have fully equipped
American kitchens and large outdoor terraces orientated to take in views of the sea or nature.
The properties are close to local amenities, a tennis club and golf courses. For those lucky enough to snap a new build up, they can look forward to being situated in a culturally rich area of the picturesque island,
close to beaches and with lots of beautiful areas to explore.
Natalie says the luxurious villas with private gardens, private parking and air conditioning “Are being built as we speak and anyone interested in viewing the show homes can contact us now to make an appointment to see the stunning properties in the near future.” She also explained that those interested in placing a deposit can phone her. The properties can be bought with a Spanish mortgage. “If you want to put a deposit down you can call me, we also have options for staged payments.”
Staged payments would work as follows, to reserve the property costs €5,000 plus IVA, you can then do a first staged payment at 20 per cent plus IVA minus the original reservation at
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the signing of the contract, followed by 10 per cent plus IVA, usually paid three months later, finally 70 per cent is paid plus IVA on completion or signing of the title deed at the Notary.
Natalie went on to say that the properties, with their incredible Mallorca location would be perfect any type of buyer “They could be bought as rental investment properties, as permanent living locations, by families, anyone. The properties are being made to the highest specification.”
The outstanding team at Lilypadpropertiesspain.es are able to cater to multiple languages making contacting their knowledgeable team easy.
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FRANCE DENMARK
Fake items
WEAPONS, narcotics and cash were impounded recently by Customs officers at Copenhagen airport, while 90 per cent of goods examined in random checks were suspected fakes, the Ministry of Tax revealed recently. “I shall look into ways of strengthening controls,” Tax minister Rasmus Stoklund said.
Justice done
A NEW YORK jury awarded Denmark’s Treasury $500,000 (€481,000) after deciding that a group of investors were guilty of helping hedge fund trader Sanjay Shah defraud 9 billion kroner (€1.2 billion) by filing sham tax returns. Shah, who went to trial in Denmark in December, is now serving a 12-year prison term.
PORTUGAL
Fishers win
MODIFICATIONS were made to the government’s Offshore Renewable Energy Allocation Plan (PAER) after the fishing sector complained that some of the sites chosen for windfarms would adversely affect fish stocks. The Ericeira area has now been removed, together with the northerly part of Viana do Castelo.
Charged up
THE Public Security Police (PSP) and National Guard (GNR) will each receive 500 tasers, Interior minister Telmo Correia announced. Although tasers were no ‘magic solution’ Correia said that when asked if they felt more equipment of this kind would be useful, both forces said they would welcome it.
ITALY
Short commons
MAYOR of Montevarchi (Tuscany,) Silvia Chiassai Martini, rescinded orders to serve only toasted bread and olive oil to pupils whose parents owed money for school lunches. She said they would again be served full meals but unless €85,000 in unpaid fees was settled within a month, the bread and oil would return.
Storm-battered
DEVASTATING weather events triggered by climate change between 1993 and 2022 were responsible for 38,000 deaths in Italy, the Climate Risk Index for 2025 showed. The same report said Italy was the fifth worst-affected country by meteorological catastrophes after Dominica, China, Honduras and Myanmar.
EURO PRESS
BELGIUM
Cyber crime
THE Ostend Port Authority lodged a complaint with the federal police after hackers disabled the port’s Ensor System which logs ship movements and crew details on February 10. The system took some days to restore, and IT experts believe that extortion was the probable motive behind the cyberattack.
Photo credit: CC/Marc Rickaert
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Not funny
NITROUS oxide is used in catering but is increasingly sought for its mind-altering effects, and countless discarded canisters dumped in urban refuse frequently explode when incinerated at waste treatment plants. Furnaces must be shut down for two days, repaired, and fired up at an average cost of €200,000 each time.
Moving on
SERGE ATLAOUI, sentenced to death for drug offences in Indonesia in 2006, was allowed to return to France after 18 years on death row. Now repatriated to France, a French court commuted the sentence to a 30-year prison term although it is likely that Atlaoui will go free after receiving a presidential pardon.
IRELAND FINLAND
Flight plan
AN Aer Lingus flight to Orlando (Florida) returned to Dublin airport soon after take-off on February 11, making an emergency landing ‘due to a technical issue’. Some of the passengers, who were put on another flight that day, told the Irish media that they could hear ‘banging noises’ when the first aircraft took off.
All change
IRELAND’S rugby team will wear white shirts instead of their traditional green when they meet Wales in the Six Nations match on February 22. The defending champions decided to change to white to help spectators and viewers who are affected by colour blindness, as green is particularly problematic for them.
GERMANY
Gas shortage
GAS Market manager Trading Hub Europe (THE) and the authorities are discussing the possibility of paying subsidies for filling storage sites after Russian supplies ceased and a cold winter depleted stocks. Refilling in spring and summer was unprofitable for suppliers hoping for winter profits, THE explained.
Cat stowaway
A CAT hiding in an electrical bay on a Germany-bound Boeing 737 grounded the aircraft for two days in Rome when attempts to remove it failed. The cat left of its own accord via an open hatch and promptly disappeared, but the aircraft needed an exhaustive inspection before it could be cleared for take-off.
SWEDEN
Gun law
RICHARD JOMSJOF, a grandee belonging to the Sweden Democrat party, resigned as chair of parliament’s Justice Committee following a government ban on some semiautomatic firearms in the wake of the Orebro shooting. The move was ‘hasty and emotional’ Jomshof said, adding that it lacked support.
Naming names
KING CARL GUSTAF apologised for announcing to the Council of State on February 10 that his newborn granddaughter was named Inse instead of Ines. Margareta Thorgren, the Swedish Royal Court’s director of Information, explained that the baby’s name was kept secret until the last minute, ‘even from the King’.
NETHERLANDS
Don’t flush
THE government will ask Brussels to veto wet wipes that contain plastic and do not decompose, Environment minister Chris Jensen announced. The clogged wastewater systems cost up to €55 million to repair each year, he said, and also littered streets and beaches where they had to be removed manually.
No paintballs
AN Ermelo court banned forest rangers from shooting wolves with paintballs to deter them from approaching people. There is ongoing friction between the local authorities and the Faunabescherming conservation group which argues that problems were caused by selfie-seeking visitors who lured wolves with food.
Food safety
FERTILISER from Russia’s PhosAgro plant still passes through the Vainikkala border crossing point to Kotka port in southeast Finland. Despite sanctions imposed after the Ukraine invasion, Finnish Customs explained that the EU allows imports of Russian fertiliser ‘for food security reasons’.
Price hike
TOTAL campaign spending by 29 candidates running for election to the European parliament in 2024 amounted to €2.2 million, according to reports submitted to Finland’s National Audit Office (VTV). This was 31 per cent more than prospective MEPs had spent on their campaigns in 2019, VTV found.
NORWAY
Minke quota
THE government will allow 1,406 minke whales to be hunted and killed in 2025, a 21 per cent increase on the previous year, “Norwegian whaling is sustainable, and it is strictly regulated,” Fisheries minister Marianne Sivertsen Naess said. “It also supports ocean balance and provides healthy, locally-sourced food.”
Name-calling
NORWAY, which Moscow lists as ‘a very unfriendly country’, no longer has any representation in northern Russia after the accreditation of Andrei Shalyov, honorary consul in Archangel, was withdrawn. Ambassador Robert Kvle told the Barents Observer that Oslo had no immediate plans to suggest a new candidate.
OSTEND PORT: Vital computer system was temporarily disabled.
I fear it may be too late
LEAPY LEE SAYS IT
OTHERS THINK
IT
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ONCE again, I find myself becoming heartily peeved with people writing to remind me that I am ‘also an immigrant’. Generally, these informants are new readers. Although I am delighted to welcome them, it also means they have not read a number of my past columns which have more than covered this particular subject.
So, to all the wags who still think they are being clever, and occasionally quite nasty in their observations, I am completely aware that I am ‘also an immigrant’. I am actually quite a proud immigrant. Many years ago, due to personal reasons (well chronicled in my books), I left the UK and, after some years in the Middle East, moved to Spain, where I have resided for the last 42 years.
This country has been good to me. It has educated four of my children, two of which have married Spanish locals and my knowledge of the language is moderately passable. I originally brought some £50,000 into
the country, quite a princely amount in 1983, unfortunately, due to bad timing and various business ventures, I managed to lose most of it over the next few years. During my time here, I have integrated to the best of my ability, helped support the local tourist industry and earned myself a Spanish pension.
Although politically minded, I have never seriously involved myself in Spanish politics or tried to interfere with their culture or the running of the country. I feel that as an immigrant I have two choices. Stay and accept all that my host nation has to offer, or leave! Through it all, I have however remained a true British patriot. I am proud of my heritage.
Proud also of the fact that both my Father and Grandfather laid their lives on the line with millions of others to preserve Britain’s freedom and democracy. I am also disgusted by the way the country of my birth is slowly being brought to its knees by ungrateful dubious foreign interlopers who take advantage of its hospitality and under the guise of diversity, endeavour to destroy its culture altogether.
I am constantly enraged by deceitful, self-serving politicians, who either have some ulterior motive or are naïve almost beyond belief. I am still a staunch Brexiteer; firmly convinced that only by ridding ourselves of the yolk of Brussels could our misguided children learn to stand on their own two feet; regaining the pride and patriotism that inspired the youngsters of yore to fight and die for what they believed in.
One thing I do try to avoid - although it is sometimes difficult - is hypocrisy. I do always endeavour to practise what I preach. I have nothing against lawful immigration. In fact, I believe it can often be a good thing - providing the visitors retain deference and respect toward their host country.
Unfortunately, the majority of aliens that are still pouring into Europe, appear to have a different agenda altogether. I am fervently convinced that if our so-called leaders don’t wake up soon it will all be too late. Sadly, I fear it already may be.
Keep the faith Love Leapy leapylee2002@gmail.com
Leapy Lee’s opinions are his own and are not necessarily representative of those of the publishers, advertisers or sponsors.
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Eurostar service
AFTER an eight-month suspension, the direct Eurostar service between Amsterdam and London resumed on Monday, February 10, bringing back an appreciated seamless travel option for passengers.
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The route was temporarily halted due to renovation work at Amsterdam Central Station where passport checks are now allowed to take place at a newly upgraded UK terminal.
This means passengers no longer need to disembark in Brussels for border control, making the journey faster and more convenient. Eurostar now operates three direct services per day on weekdays and Sundays, and two return services on Saturdays. The route includes stops in Rotterdam, Brussels, and Lille before reaching London St Pancras.
Eurostar CEO Gwendoline Cazenave expressed her enthusiasm about the relaunch, stating: “This is more than just a train journey - it is a seamless connection between two vibrant capitals, offering our customers an efficient, comfortable, and sustainable way to travel.” However, the direct route is not here to stay just yet. From March 29 to April 22, the direct connection will temporarily be suspended again due to further construction work at the Amstel Passage terminal in Amsterdam. During this period, passengers will need to again stop in Brussels for passport checks. Once completed, the full direct service will resume from April 22.
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Credit: Pexels, Chait Goli
FINANCE
BUSINESS EXTRA
Share-out
EACH of Barclays’ 90,000 employees are to receive 170 Barclays shares worth £500 (€599), Sky News disclosed. The equity move, the first of this kind, was announced as the bank prepared to announce its annual results for 2024 and is expected to cost between £45 million (€54 million) and £50 million (€60 million).
More trains
THE leaders of 12 EU countries including Spain wrote to the president of the European Commission, Ursula von der Leyen, in a request for funding for more high-speed railway lines. In Spain’s case, extra financing would help to complete the interconnection of the country’s Atlantic and Mediterranean corridors.
Luxury woes
KERING, whose brands include Gucci, Yves Saint Laurent and Bottega Veneta, posted full-year revenues of €17.2 billion for 2024, a 12 per cent dip on 2023. The Paris company’s retail sales, including online commerce, fell 13 per cent due to ‘adverse market conditions’ while wholesale revenue dropped 22 per cent.
UK venture
LAST January, Hijos de Rivera, owner of the Estrella Galicia brewery, opened its first subsidiary in the UK, which the La Coruña-based company regards as a key market where sales have grown exponentially. It has also extended its partnership with Greene King, giving the company exclusive distribution rights until 2027.
Build it up
BARRATT REDROW, the UK’s largest housebuilder created after Barrat Developments paid £2.5 billion (€3 billion) for Redrow in August 2024, increased its guidance for full-year adjusted pre-tax profits. These would range between £506 million (€606 million) and £588 million (€704.4 million), the company said.
STAT OF WEEK
€24.2 billion
BP plans a reset
MURRAY AUCHINCLOSS, who took over as BP’s chief executive in 2024, promised a ‘fundamental reset’ for the company on February 11.
The London-headquartered company’ profits fell from $13.4 billion (€12.9 billion) in 2023 to $8.2 billion (€7.9 billion) last year, and BP has cut executives’ performance-related cash bonuses to 45 per cent of their targets.
Auchincloss’s announcement arrived three days after Bloomberg reported that ‘aggressive activist’ Elliott Investment Management has acquired a ‘significant’ stake in BP, which insiders placed at $2.5 billion (€2.4 billion).
Back in the UK, analysts predicted that Elliott’s presence could result in calls for a stronger emphasis on its hydrocarbons business, or even a listing in the US.
Elliott is well-known for taking
will be required by the Spanish government for Defence spending if it is to meet this year’s military commitments to the European Union and Nato.
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stakes in companies and subsequently demanding that they break themselves up or sell assets, but Auchincloss declined to reveal whether there had been contact with the investor or if this had influenced BP’s future plans.
“That’s all speculation,” he said. “I’m very clear. On February 26, we’re going to fundamentally reset
Rotating assets
IBERDROLA has engaged investment bank Alantra to gauge market interest in acquiring the energy company’s portfolio of small hydropower systems in Spain.
The installations, which generate electric via rivers instead of reservoirs, are no longer a priority for the Spanish multinational, which sold three of the installations to Austrian
energy company Kelag for €55 million in 2023.
Iberdrola’s asset-rotation strategy is currently gaining momentum with the €238 million sale of subsidiary Neoenergia’s 70 per cent holding in the Baixo Iguaçu hydroelectric power plant in Parana (Brazil). This has now been acquired by the French utility company EDF.
strategy, introduce a new direction, and I’m looking forward to sharing that with you.”
Auchincloss added that this meant a departure from ‘business as usual’, leading to conjecture that the company is planning to return to its core operations, while scaling back investment into low-carbon energy and biofuel projects.
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Earlier, in 2023, Iberdrola decided to divest itself of 55 per cent of its Mexico holdings by selling 12 gas-fired power plants for more than €6 billion.
“Iberdrola has recently
Italian connection Getting ready
CLOSE BROTHERS are allocating £165m (€197.6m) to cover compensation and legal costs from the car loans commission scandal.
The UK’s biggest car finance group said the amount was the result of a ‘thorough assessment’ based on ‘available information and recent developments’. It also warned of ‘significant uncertainty’ regarding an investigation by the Financial Conduct Authority (FCA) which is investigating commissions that enabled banks to push up interest rates on loans and paid out ‘thousands of pounds’ to car dealers.
SPAIN’S Markets and Competition
Commission approved Italian private equity firm Investindustrial’s acquisition of ice cream company, Grupo Alacant.
The company owns the Royne, AntiuXixona and Somosierra ice cream brands and employs 850 people at four factories in Madrid, Alicante and Murcia. Producing ice cream for Mercadona supermarkets accounted for 63 per cent of Grupo Alacant’s €225 million 2024 turnover. Announcing the transaction in late January, the company’s chief executive Joaquin Lancis said this would enable the company to achieve its objective of expanding outside Spain.
Investindustrial pointed out that the Alicante company could now capitalise on its ‘deep sector knowledge’ and a current investments portfolio generating €8 billion in sales.
closed several long-term alliances,” the company explained. “This will accelerate growth and promote decarbonisation of the economy while maintaining its financial strength.”
SHEIN, founded in China and based in Singapore, has scrapped plans for a UK warehouse.
The Telegraph revealed last August that a Shein team was visiting potential sites in the Midlands as the company prepared for a £50 billion (€60 billion) float in London.
The listing is now uncertain, owing to a looming clampdown on Shein’s business model in the EU and the US while MPs in the UK have criticised the absence of transparency regarding the company’s supply chain.
INSURANCE group Mapfre announced revenues of €33.2 billion and a net profit of €902 million in 2024.
This was comfortably above the €875 million that had been predicted by analysts, thanks to premiums income of €28.1 billion, 30 per cent up on 2023.
The devastating Dana floods in Valencia at the end of October cost Mapfre €34 million, while storms in Europe and destructive flooding in Brazil’s Rio Grande do Sul region cost €82 million.
The insurer’s 2024 net profit also had to take into account a €90 million write-down on the value of its Verti Germany vehicle insurance division.
LEADING retail chains in the UK expect to cut at least 300,000 jobs between now and 2028.
Tesco, Sainsbury’s and Marks & Spencer amongst others belonging to the Retail Jobs Alliance (RJA) said that higher overheads and red tape meant that they would reduce their shop floor employees by 10 per cent over the next three years.
The RJA said the final figure could be even higher, as its estimates had not allowed for the changes announced in the last Budget which had affected businesses.
BANCO SABADELL, still fending off the hostile BBVA bank takeover, enlarged the group of senior executives with protected salaries ‘in certain scenarios’.
Bloomberg revealed that the bank had added another nine employees to the original 18 in its annual governance report.
A source who asked not to be named, told Bloomberg that Sabadell was taking steps to avoid potential losses of qualified personnel amid uncertainty caused by the BBVA bid.
Photo credit: bp.com
BAIXO IGUAÇU: Brazilian energy plant sold for €238 million.
MURRAY AUCHINCLOSS: BP’s chief executive promised ‘a new direction’.
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3I Group 4.081,00 4.087,00 4.075,00 18,61K Admiral Group 2.809,0 2.813,0 2.796,0 7,18K
Airtel Africa 144,90 147,00 143,91 178,03K Anglo American 2.472,5 2.503,5 2.470,0 64,85K
Antofagasta 1.837,00 1.842,87 1.832,50 10,82K
Ashtead Group 5.088,0 5.088,0 5.060,0 36,38K Associated British Foods 1.906,0 1.906,0 1.899,0 12K AstraZeneca 11.710,7 11.710,7 11.644,0 44,35K
Auto Trader Group Plc 783,20 783,40 778,60 23,43K
Aviva 509,80 510,20 508,00 94,64K
B&M European Value Retail SA 316,40 316,40 314,80 46,08K
BAE Systems 1.290,00 1.300,50 1.274,28 755,37K Barclays 300,85 301,10 298,55 4,25M
Barratt Redrow 456,80 459,50 450,60 233,33K
Beazley 836,00 836,00 832,86 14,83K
Berkeley 3.776,0 3.788,8 3.742,0 4,96K
BP 465,24 465,93 464,35 893,79K
British American Tobacco 3.070,0 3.084,0 3.068,0 113,38K
BT Group 151,07 151,60 150,74 175,11K Bunzl 3.438,0 3.438,0 3.430,0 8,14K Centrica 136,11 136,60 135,78 128,11K
Cola HBC AG 3.194,0 3.198,0 3.176,0 14,51K
2.831,00 2.842,00 2.831,00 63,3K ConvaTec
5.455,0 5.465,0 5.440,0 8,9K
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1.194,68 1.188,00 24,39K
622,50 623,00 620,50 7,22K
793,59 796,00
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BUSINESS
EXTRA
Biofuel plan
SPANISH energy giant
Repsol and Swiss agri-business company Bunge received EU approval for a joint biofuel venture. In a $300 million (€287.8 million) deal, Repsol will acquire 40 per cent of three Bunge Iberica (BISA) oilseed processing plants in Bilbao, Barcelona and Cartagena.
Rich pickings
INSURANCE company
Aviva’s £3.6 billion (€4.3 billion) Direct Line takeover should bring £120 million (€143.9 million) in fees for banks, lawyers and advisers involved in the negotiations. Shareholders will vote on the merger, announced last December, on March 10.
Here for the beer
HEINEKEN shares soared 12 per cent on February 12 as the brewer posted an operating profit before exceptional items and amortisation of €4.51 billion.
This 8.3 per cent increase on 2023 surpassed the company’s own 4 to 8 per cent guidance and topped analysts’ 5.3 per cent prediction.
Revenue grew 5 per cent to €36.1 billion in 2024 and the company announced a €1.5 billion
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Talgo saga rumbles on
POLAND’S state investment fund PFR increased its bid to acquire 100 per cent of Spanish train manufacturer Talgo.
According to the Dziennik Gazeta Prawna newspaper on February 12, PFR is prepared to pay €5 per share, giving the company a market value of €600 million.
The offer would be subject to conditions imposed by the Spanish govern-
ment that have yet to be revealed. These could open the door to including the consortium led by Basque steel firm, Sidenor, and the Basque regional government, preferred by Madrid.
The government blocked an earlier offer of €5 per share from Hungarian consortium Ganz-Mavag last August, owing to concerns regarding prime minister Viktor Orban’s close links to Moscow.
share buyback programme for 2025 and 2026, forecasting further operating profit growth of between 4 and 8 per cent this year.
“We are quite pleased with a solid set of results,” Heineken’s chairman and chief executive Dolf van den Brink told the media.
“Heineken grew sales volumes in all regions as a result of new investments and its portfolio of more expensive beers.”
Van den Brink added that the company had taken into account the risks currently posed by the new US tariffs on Mexico, where Heineken manufactures part of the beer that is destined for the North American market.
Nor were the tariffs of 25 per cent imposed on imported raw aluminium likely to affect Heineken, the company said, as it imports finished cans into the US, and would not be directly affected.
Not unusual
SPAIN’S high street banks are paying higher dividends than ever but have still lost 10 per cent - around 600,000 - of their investors. Sources at different banks explained to financial daily, Cinco Dias, that this is a common cycle as investors with small stakes tend to sell their bank shares when these rise and buy when they fall.
Cutting costs
SIR JIM RATCLIFFE, who owns 25 per cent of Manchester United and injected £240 million (€387.7 million) into the football club last year, is planning 200 redundancies in a bid to stem losses of £300 million (€359.5 million) over the past three years. The job cuts follow on from 250 redundancies announced last autumn.
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HEINEKEN CHAIRMAN: Dolf van den Brink pleased with solid results.
Photo credit: Manuel Lope/World
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• News from Our Other 6 Newspapers •
Costa del Sol Shops into homes
THE neighbourhoods of Malaga are experiencing a residential metamorphosis, with once bustling shopping streets transforming into quiet ground floor homes.
The phenomenon is reaching unprecedented levels in Malaga and along the Costa del Sol, with the councils introducing much stricter conditions for the opening of new tourist rentals. In 2024, the number of licence changes granted by the Urban Planning Management of Malaga Council exceeded 460 shop units to be converted into homes.
Once, buildings were destined to be flats with cafes, bakeries, ironmongers, and the like below. This was always the traditional Spanish street setup, but times have changed.
Malaga Council has already implemented a rule that limits the tourist apartment market. In July 2024, 56 change of use licences were granted, affecting 77 shop units and enabling the development of 108 homes or tourist rentals.
Axarquia
Nerja’s strong economy
THE restoration of the Balcon de Europa in Nerja is now finished. Mayor José Alberto Armijo highlighted that the project helps preserve this important landmark while improving its appeal for both locals and tourists. “Balcon de Europa is a key tourist attraction, and with this restoration, we ensure it remains a special place both for visitors and residents,” he said.
The Nerja Town Hall carried out the work, focusing on repairing the perimeter ledge. Broken and damaged sections were reconstructed, enhancing the overall look of the area.
The steps leading to the Church of El Salvador were also renovated, and a new, more durable pavement was installed. In addition, the white Macael marble benches along the promenade were restored, giving the space a cleaner and more modern appearance.
The project’s investment was €85,239.60, a sum funded by the town hall and the Andalucian Government’s Tourism Department.
Costa Blanca North Housing market boom
THE latest statistics from the Official College of Technical Architecture of Alicante (COATA) demonstrate a remarkable surge in housing development in Calpe in 2024. In a stunning turnaround, the number of homes started soared from just 62 in the previous year to an astounding 328. This represents a staggering growth of 429 per cent in just a single year.
This explosive growth now positions Calpe as the ninth municipality in the province of Alicante for housing starts in 2024 and second for the Marina Alta region. Leading the way is Denia, with 593 housing starts although this represents a less than 1 per cent increase on figures reported for 2023. The third spot is taken by Javea, which, with 255 new housing starts represents a healthy 24 per cent growth on the previous year.
Beyond these impressive construction figures, Calpe also holds the title of being the most expensive area in the Marina Alta region.
Costa Blanca South Message of hope
ALICANTE came together to enhance awareness about childhood cancer during an event held at the Plaza del Ayuntamiento on Sunday, February 16. Organised by Aspanion, the Association of Parents of Children with Cancer in the Valencian Community, this day was dedicated to commemorating the International Day Against Childhood Cancer.
The event featured lots of activities designed to engage the public and shed light on the challenges faced by children battling cancer and their families. Attendees had the opportunity to participate in workshops, enjoy offerings from food stalls, and take part in entertainment activities.
Under the slogan ‘The strength of the golden ribbon’, this year’s awareness campaign extended beyond the event in Alicante, promoting various initiatives throughout the Valencian Community. Children received templates of golden ribbons, which they were encouraged to cut out and fashion into colourful chains.
Almeria
Carnival celebrations
THE most anticipated time of the year has arrived! This weekend marks the grand opening of Carnival 2025, launching weeks of colour, music, and joyous celebration across the region.
Carnival has deep roots in Spanish culture, dating back centuries as a time of indulgence before the solemnity of Lent. Traditionally, it was the final opportunity for communities to enjoy music, dance, and feasting before the restrictions of Lent began. Over time, it has evolved into a dazzling expression of identity, artistry, and shared joy.
The Carnival season begins in style with events in many towns, including Mojacar, Huercal-Overa, and Albox. Streets will be filled with costumed revellers, music, and the energy of celebration. With parades, live performances, and vibrant parties, the upcoming days promise fun for all ages.
Kicking off the festivities, children’s events will set the tone for a lively weekend. Expect to see little ones enjoying inflatable castles, craft workshops, and dance games.
Costa Calida
Blooming Murcia
THE famous flowering season in Cieza, Murcia, has started, bringing the first touches of pink, white, and purple to the fields. Over the next few weeks, the trees will reach full bloom, creating a stunning sea of colour across the Vega Alta del Segura. Every year, visitors from all over Spain and beyond come to see this natural wonder. Peach, apricot, and almond trees cover the landscape, making it a dream spot for photographers, nature lovers, and anyone looking for a beautiful day out. Guided tours help people find the best views, while local businesses offer special events, traditional food, and cultural activities.
This season is also a big boost for Cieza’s economy. Restaurants, hotels, and small shops welcome thousands of tourists, making it an important time for the town. Locals take great pride in their land and are always happy to share it with visitors. If you’re thinking about going, now is a great time to plan your trip.
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PETS
Smart solutions
MICROCHIP pet feeders are becoming a game-changer in the world of pet care, offering a high-tech solution to the age-old problem of managing pet diets. These innovative feeders utilise microchip technology to identify pets and dispense food accordingly, ensuring that only the intended animal receives its meal. This is particularly beneficial in multi-pet households, where one pet may try to steal another’s food.
Veterinarians and pet nutritionists praise microchip feeders for promoting healthier eating habits, as they help regulate portion sizes and prevent overeating. With adjustable feeding schedules, owners can set specific times for meals, helping to maintain a routine and support weight management.
Additionally, many microchip feeders come equipped with smartphone connectivity, allowing pet owners to monitor feeding habits remotely and receive notifications when their pet has eaten. As pet owners become increasingly aware of the importance of proper nutrition, microchip pet feeders are rapidly gaining traction, blending convenience with cutting-edge technology to enhance
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TIP ‘Windows to Wellness’
YOUR vet can advise you how many calories your cat or dog should be consuming every day. You also need to provide enough exercise every day to help them maintain a healthy weight.
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We are looking for cat-sitters!
TALISKER is a friendly cat, and he and his three brothers all love playing with cat-sitters when their owners travel away from home. They are indoor cats and need playful stimulation. Could you play with these cats while house-sitting? It’s not such a difficult cat-sit and you get free accommodation wherever you are.
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All members are checked for safety, and you choose which house-sitters come to care for your pets in your absence.
Your pets stay at home - safe and undisturbed
All pets benefit from staying at
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home, so their routines are undisturbed. Choose Housesitmatch. com for affordable travel, home and pet care and peace of mind for you and your pets.
If you’re planning travel this year, join now. Get organised today:
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Join our network for a small annual fee. You get ID checked for safety, then house-sitters build a profile and homeowners build an advert to find sitters. House-sitters see your advert, respond and you choose from the applicants.
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I really love HouseSitMatch, it’s just perfect for me and Lamia the owner is so very kind and helpful in every way, she helps you whenever you need her (even at weekends). I have done a couple of house-sits now, both wonderful, also have found a lovely house-sitter to look after our kitties.
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Safety first
PREVENTING animal bites is crucial for maintaining safety for both humans and pets. Understanding animal behaviour and providing proper training can significantly reduce the risk of bites.
For dog owners, early socialisation is key. Introduce your pet to various people, environments, and other animals in a controlled manner to help them feel comfortable and less reactive. Consistent obedience training reinforces positive behaviours, such as sitting calmly when approached.
Teach children how to interact respectfully with animals. They should avoid sudden movements, loud noises, or touching an animal’s face, tail, or food. Always supervise interactions between pets and young children.
Recognising warning signs like growling, stiff body language, or an animal backing away is essential. Respect these signals and give the animal space.
Use proper equipment like leashes and harnesses during walks to maintain control. For anxious pets, consult a veterinarian or behaviourist for specialised training or tools.
Bite prevention is a shared responsibility. With awareness and training, both pets and people can coexist safely and happily.
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MOTORING
JUDE BELLINGHAM received a straight red card in Real Madrid’s crucial win at El Sadar, allegedly for insulting referee Munuera Montero. Despite being reduced to 10 men in the 39th minute, Carlo Ancelotti’s side held on to secure three vital points in the LaLiga title race. Bellingham now faces a potential suspension ranging from four to 12 matches, depending on how officials classify his comments.
Under the Royal Spanish Football Federation’s Disciplinary Code, a direct insult carries a harsher penalty, which could sideline him for key fixtures against Girona, Betis, and Rayo Vallecano, as well as a Copa del Rey semifinal clash with Real Sociedad. If deemed a lesser offence, he
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may serve a shorter two- or threematch ban. Madrid had already been frustrated by several referee decisions, leading to heated protests on the pitch.
From home, the injured Dani Carvajal hinted on social media that a red card was inevitable.
Assistant coach Davide Ancelotti had to intervene to calm his father, who was booked for protesting. Kylian Mbappé opened the scoring in the 15th minute, capitalising on a defensive error. Vinícius Júnior threatened to extend Madrid’s lead, but the referee’s refusal to award a penalty added to the visitors’ frustration. After Bellingham’s dismissal, Madrid switched to a defensive setup, with Andriy Lunin making key saves to secure the victory. The disciplinary committee’s decision on Bellingham’s ban will be crucial for Madrid’s upcoming fixtures.
CRISTIANO RONAL-
DO has once again claimed the title of the world’s highest-paid athlete, earning $260 million in 2024. However, no female athletes made it into the top 100, highlighting the persistent gender pay gap in professional sports.
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At 40 years old, Ronaldo continues to dominate, securing $215 million from salary and winnings at Al-Nassr and another $45 million from endorsements. Since moving to Saudi Arabia, he has scored 82 goals in 90 games and became the first player to reach 900 career goals in September 2023. NBA superstar Steph Curry followed in second place with $153.8 million, including $100 million from endorsements.
Tyson Fury ranked third with $147 million, while Lionel Messi took fourth with $135 million, largely due to $75 million in endorsements after
Ronaldo tops 2024 earnings Bellingham sees red Monaco Grand Prix sponsorship
his move to Inter Miami. LeBron James completed the top five, earning $133.2 million. In total, the top 100 athletes earned $6.2 billion, with $4.8 billion coming from salaries and prize money, while $1.4 billion came from endorsements and sponsorship deals. Despite this, not a single female athlete made the list.
US tennis star Coco Gauff was the highest-paid woman in 2024, earning $30.4 million, but still fell short of the 100th-ranked male athlete, who earned $37.5 million. With growing audiences and sponsorship deals in women’s sports, the hope is that future rankings will reflect a more balanced playing field, but for now, the gap remains significant.
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THE Monaco Grand Prix is entering a new era, officially rebranding as the ‘Formula 1 TAG Heuer Grand Prix of Monaco’ from 2025. This marks the first time in history that the legendary race will carry a title sponsor, breaking from its tradition of resisting commercial branding.
The Swiss watchmaker TAG Heuer has been a long-time partner of the Automobile Club de Monaco since 2011, making this sponsorship a natural extension of their relationship.
For decades, Monaco maintained independence over its advertising rights, but as Formula 1 becomes more commercially driven, even its most prestigious event is adapting. TAG Heuer’s Managing Director, Antoine Pin, described Mo-
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naco as the brand’s ‘spiritual home’, highlighting the race’s precision and endurance as key factors in the partnership. This is just one of several changes to the Monaco Grand Prix.
The race has already abandoned its historic four-day format, aligning its schedule with the rest of the calendar, and from 2025, it will shift from its traditional late-May slot to June. Despite these
changes, Monaco remains one of the most iconic and challenging circuits in motorsport, where even the smallest mistake can end a driver’s race. While some purists may dislike the move toward commercialisation, the allure of Monaco remains intact. It is still the race every driver dreams of winning and the ultimate showcase of precision, skill, and glamour in Formula 1.
Jude Bellingham sees red! The Real Madrid star was sent off in a heated match, leaving his team to fight with 10 men. Will he face a long suspension?
Cristiano Ronaldo was the highest-paid athlete of 2024, earning $260 million, but no female athletes made it into the top 100.
Credit : Shutterstock, Marta Fernandez Jimenez
The Monaco Grand Prix, one of F1’s most legendary races, is set for a historic change in 2025 with TAG Heuer becoming its first-ever title sponsor.