Mallorca 6 - 12 Mar 2025 Issue 2070

A celebration of inclusion

IBDONA’s International Women’s Day Programme

THIS International Women’s Day, the Institute Balear de la Dona (IBDONA) is taking a bold step toward true inclusivity with a powerful lineup of events dedicated to women with disabilities.

At the heart of the programme is the premiere of A Look at Inclusive Equality, a thought-provoking documentary that brings to light the real-life struggles and triumphs of women with disabilities navigating gender inequality. Their personal stories serve as a call to action, urging society to embrace a more inclusive future.

Adding a touch of creativity and family-friendly engagement, the programme also features Rosa’s Bus is for Everyone, an interactive performance designed to teach children and adults alike about the importance of diversity and accessibility. Through storytelling and

performance, audiences will be reminded that true gender equality must leave no woman behind - regardless of physical or mental ability.

With these initiatives, IBDONA is not just celebrating progress made in the fight for

gender equality - it is also shining a spotlight on the work still to be done. The message is clear: inclusivity must be at the core of the movement. By amplifying the voices of women with disabilities, IBDONA is ensuring they are not

just part of the conversation but are leading it.

This year’s programme is more than a tribute to women’s achievements; it is a commitment to a future where equality is not just an ideal, but a reality for all.

Promising future for Palma’s seafront

THE renovation of Palma’s Paseo Marítimo is scheduled for completion by April 2025, following almost two years of extensive work. The transformation will bring significant improvements to the seafront, with wider pedestrian and cycling paths, making it more accessible for everyone. New green spaces, rest areas, and enhanced lighting will provide a more pleasant environment.

While businesses along the promenade have faced challenges during the construction period, they can look forward to increased foot traffic and tourism once the project

is finished. The new layout will create an inviting space for outdoor events and cultural activities, boosting the local economy.

The overhaul also prioritises sustainability, with eco-friendly design elements and a commitment to improving the quality of life for residents. This transformation is set to position Palma as a modern Mediterranean city.

Walk Against Cancer

CANCER SUPPORT MALLORCA is thrilled to announce that registration is now open for the Walk Against Cancer, taking place throughout April 2025. This event encourages participants of all ages to get active and raise funds for vital cancer support services across Mallorca.

Participants can walk individually or in organised groups, with community walks also available for those wishing to join others in support of the cause.

The event will kick off with a Launch & Kit Collection on Saturday March 29 at The Olive Tree and will conclude with a Final Celebration Party on May 3 at Sa Vinya.

All funds raised will directly support Cancer Support Mallorca’s essential services, including transport, counselling, nutritional advice, and home visits for cancer patients and their families.

Join this important cause and make a difference in the lives of those affected by cancer.

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Mallorca • Issue No. 2070

Panoramic view of the Paseo Marítimo with the Cathedral.

Accessible

New aid for freelancers Trofeo Princesa Sofía

THE Balearic government has unveiled new nancial aid for freelancers in 2025, with a total budget of €1.4 million. This aid will be divided into two main programmes: Consolidation and Cuota Cero.

The Consolidation programme, running from January to March 2025, will allocate €1 million to support freelancers in areas such as innovation, sustainability, and digitalisation, helping them stay competitive in a rapidly changing market.

The Cuota Cero programme, starting in April 2025, will provide assistance to new freelancers and those in their second year, o ering a signi cant reduction in social security contributions. These programmes aim to strengthen the freelance sector, which is an essen-

tial part of the Balearic Islands’ economy. By providing these resources, the government intends to reduce nancial pressures, making it easier for self-employed workers to invest in their businesses, innovate, and create new opportunities. This is especially important as the freelance sector faces increasing competition and the challenges posed by economic instability.

54th

will take place from March 28 to April 5 in the bay of Palma, marking one of the most prestigious sailing competitions in the world. This event will bring together 700 crews from 53 countries, competing in various classes across the beautiful waters of Mallorca.

The new measures are part of the government’s broader strategy to support sustainable economic growth while fostering innovation and environmental responsibility. By encouraging freelancers to embrace sustainable business practices, the Balearic Islands hope to ensure that the region remains a leader in green and innovative industries.

These e orts re ect the government’s commitment to a more inclusive and resilient economic future.

The Trofeo Princesa Sofía is a key event on the international sailing calendar and an essential preparation for the upcoming Olympic Games, attracting some of the best sailors from around the globe. With its high-level competition and picturesque setting, it is expected to draw thousands of spectators to Palma, eager to witness the skill and precision of these elite athletes.

In addition to the excitement of the races, the event will also feature a variety of cultural and social activities for both participants and visitors. These activities

will celebrate the vibrant spirit of Mallorca, showcasing the island’s rich history and culture while fostering a sense of community among the international sailing family.

The event is a signi cant boost to local tourism and the economy, as it brings together sports enthusiasts and professionals from around the world. As the event approaches, both organisers and participants are excited about the opportunity to make the 54th edition of the Trofeo Princesa Sofía Mallorca an unforgettable experience.

Club de Mar reopen after major renovation

THE iconic Club de Mar Mallorca is nearing the completion of an ambitious €50 million renovation, transforming it into one of the Mediterranean’s most modern and exclusive marinas. The refurbishment, which began in 2020, is expected to be fully operational by the first quarter of 2025.

One of the key changes includes the demolition of the Pelaires Bridge, enhancing integration between the club, the city, and the port. The redevelopment will feature a new social club, high-end shops, restaurants, and a nightclub accommodating up to 700 guests. A renowned international chef will oversee one of the dining establishments, though their identity remains undisclosed.

To cater to larger luxury yachts, the club has

reduced its berths from 575 to 543, accommodating vessels up to 170 metres in length. Environmental sustainability has also been prioritised, with advanced wastewater collection systems to prevent marine pollution.

Despite delays in permit approvawls and a 30 per cent increase in construction costs, Club de Mar’s director, José Luis Arrom, emphasises

that this transformation will redefine the marina’s appearance, functionality, and prestige. The project aims to reinforce Mallorca’s status as a top-tier destination for luxury yachting. With its reopening set for 2025, Club de Mar Mallorca is poised to become a benchmark in the nautical industry, offering a world-class experience for visitors and yacht owners alike.

THE

Trofeo Princesa Sofía Mallorca

470 Olympic Sailing. Trofeo Princesa Sofía.

Creating new opportunities.

Credits: Pexel, Ketut Subiyanto.

Renovation works of the club de Mar, Palma.

Guide to banks in Spain Top EU Pension System

Spain’s best and worst banks ranked

PEOPLE love simple, straightforward banking. So which banks are truly meeting those needs in Spain? Let’s look at the winners and losers.

A study published by the Spanish Consumer Association (OCU,) has revealed the best banks in Spain according to their customers. They asked thousands of bank users how they felt about their banking experience. Spoiler alert: it’s not the giants of the banking world that are leading the pack. Instead, it’s the newer, online-based banks that are stealing the spotlight, offering low fees, excellent customer service, and ease of use. Let’s break down what makes these banks so popular and why some of the biggest names in the business are left in the dust.

The fall of the traditional banking giants

For the big players - think BBVA, Banco Santander, Banco Sabadell, CaixaBank, and Unicaja - the news is grim. Their ratings are lower than the average, with many customers criticising the lack of customer support, convoluted fee structures, and appalling web experiences. These old-school institutions, laden with physical branches, are struggling to compete in an increasingly digital world.

SPAIN ranks among the top EU countries in pension income, with retirees receiving 77 per cent of their late-career earnings, according to Eurostat’s Aggregate Replacement Ratio, with data extracted in June 2024.

This places Spain just behind Greece (78 per cent) and ahead of Italy (75 per cent), making Southern Europe one of the most pension-friendly regions.

However, the gender gap in Spain’s pension system is striking. Spanish men receive an average of 83 per cent of their pre-retirement salary, while women receive just 63 per cent. This makes Spain one of the most challenging countries in the EU for female retirees. However, just last year, Spain introduced the Parity Law to address gender inequality.

Across the EU, pensioners receive an average of 58 per cent of their late-career earnings, but disparities are evident. At the lower end, Croatia (35 per cent), Lithuania (36 per cent), and Ireland (39 per cent) provide the least pension income relative to wages. Among the EU’s largest economies, Germany’s rate is just 49 per cent, significantly lower than France’s 59 per cent.

While some of these banks are making efforts to improve, the results are clear - customers are voting with their feet, opting for newer, leaner alternatives.

Top of the class: Newer, online banks take the crown

Don’t be fooled by the big names - it’s the smaller, tech-savvy banks that are getting the highest ratings. Caja Rural de Asturias tops the list, followed by the international N26 and Caixa Guissona. ING and Pibank round out the top five, offering customers a level of service that’s hard to beat in Spain.

Interestingly, the big banks, not so much. No big surprises here: the traditional banks have failed to meet the mark for many customers.

Spain allocates a significant portion of its GDP to pensions, following a broader Southern European trend. According to Eurostat’s social protection statistics, old-age pensions accounted for 12.9 per cent of the EU’s GDP in 2021, with Greece (16.4 per cent) and Italy (16.3 per cent) leading the way.

Spain’s pension expenditure remains substantial, ensuring higher-than-average replacement rates for retirees.

EU clamps down on cash Spanish airline Volotea steps in

New rules to curb crime

THE EU is tightening its grip on cold, hard cashslapping a continent-wide cap on how much can be splashed in one go. From 2027, payments in physical euros will be restricted to a maximum of €10,000 across all 27 member states. The move aims to crack down on money laundering, shady deals, and tax dodgers who love to keep things off the books.

For years, different nations have played

by their own rules - some strict, others as loose as a lottery winner on payday. While Spain and France already have tight caps (limiting cash transactions to just €1,000), others like Germany, Austria, and the Netherlands have let citizens pay in cash without a second thought. Now, Brussels is stepping in to level the playing fieldand not everyone’s happy about it.

Critics claim the move is just another step towards a cashless society where every penny is traceable. Privacy campaigners argue that, while the measure targets crime, it also penalises law-abiding citizens

who prefer to pay in notes rather than plastic.

What does it mean for you?

If you’re in Spain, you won’t notice much difference - the country already enforces a tough €1,000 cap on cash payments between individuals and businesses. But in nations where cash has flowed freely, this is a game-changer. Belgium, Italy, and Portugal will need to slash their current €3,000 limit, while Poland - where transactions of up to €15,000 are allowed - will be hit hardest by the new rules.

Love it or loathe it, from 2027, if you’re planning a big-ticket cash splurge, you’d better think twice… or switch to card!

THOSE travelling to Spain could soon have alternative flight options as Spanish airline Volotea has offered to take over some of Ryanair’s scrapped regional routes.

The announcement follows Ryanair’s decision to cut its Spanish services by 18 per cent this year, equating to around 800,000 fewer seats.

Ryanair is set to completely withdraw from Valladolid and Jerez airports while also reducing operations in Santiago, Vigo, Zaragoza, Asturias, and Santander. The Irish airline has blamed rising airport charges and insufficient incentives from Spain’s airport operator, Aena, for its decision. Volotea’s CEO, Carlos Muñoz, assured that the airline is prepared to step in. “If Ryanair leaves regional airports, no one should worry because Volotea is there,” he stated.

The airline, which specialises in connecting small and medium-sized cities, currently operates from Asturias and Bilbao and plans to open two more bases in Spain within the next five years.

Volotea has reported its most profitable year yet, with sales growing 17 per cent year-on-year, generating €811 million in revenue.

Meanwhile, Volotea has been caught up in a legal dispute over extra airline fees. Spain’s Ministry of Consumer Affairs recently fined five airlines a combined €179 million for charging for hand luggage, seat selection, and ticket printing. Ryanair received the largest penalty at €107 million, while Volotea was fined just over €1 million.

Cash crackdown: Brussels lays down the law.

Not all Spanish banks are created equal: Your guide to banks in Spain.

Credit: Shutterstock, M21Perfect

Mallorca: A Digital Nomad Haven Balearic Islands at Berlin Travel Show

THE Balearic Islands participated in the ITB Berlin Travel Trade Show from March 4 to 6, promoting their transformation towards a sustainable tourism model. This year, the Balearic delegation had a 700-square-metre stand, focusing on showcasing the region’s commitment to eco-friendly tourism practices.

The Balearic Islands have been making significant strides in creating a tourism model that prioritises sustainability while preserving the environment and local culture.

At ITB Berlin, the delegation highlighted these initiatives, including efforts to reduce the carbon footprint of tourism and implement responsible travel policies that benefit both locals and visitors.

In addition to sustaina-

bility, the Balearic stand featured a broad array of cultural offerings. The islands’ renowned gastronomy was one of the main attractions, with a focus on local produce and traditional culinary experiences. Visitors also learned about the region’s vibrant cultural scene, including its history, art, and unique traditions.

Tour operators and co-exhibitors from the

region joined the Balearic delegation, working to present a united front in promoting the islands as a prime destination for responsible tourism.

The Balearic Islands’ participation in ITB Berlin demonstrates their growing role as a leader in sustainable tourism and their dedication to attracting eco-conscious travellers from around the world.

MALLORCA is rapidly gaining recognition as a top des tination for digital no mads, professionals who work remotely while exploring new locations. With its Mediterranean climate, exceptional quality of life, and improving infrastructure, the island offers an ideal setting for remote work, blen ding productivity with lei sure.

The growing co-living and co-working scene in Mallorca is helping to foster a sense of community among digital nomads. Palma Coliving in Son Armadams, for example, provides shared accommodation where remote workers can network, collaborate, and enjoy a vibrant social environment.

These initiatives not only reduce the isolation often associated with remote work but also contribute to a more

diverse and sustainable local economy.

Despite its appeal to international digital nomads, remote work adoption among local businesses remains low. In 2023, only 8.6 per cent of employees in the Balearic Islands worked remotely, making it one of the lowest rates in Spain. With the global shift towards remote work, Mallorca has an opportunity to position itself as a premier digital nomad hub. Investing in high-speed internet, co-working spaces, and community-driven initiatives will be crucial in maximising this trend. By enhancing its infrastructure, Mallorca can ensure that it remains an attractive and dynamic destination for digital professionals from around the world.

Seven most charming villages on the island

ON March 1, the Balearic Islands celebrated their autonomy with a special day filled with cultural events and festivities. This public holiday was the perfect opportunity to explore Mallorca and visit some of its most picturesque villages, each offering a unique glimpse into the island’s rich heritage.

One of the most iconic destinations is Valldemossa, home to the historic Carthusian Monastery, where Chopin spent a winter composing some of his

finest works. Deia, a haven for artists, boasts breathtaking coastal views, while Soller, famous for its charming vintage tram, is a must-visit for history and nature lovers.

Situated in the Tramuntana mountains, Fornalutx is often ranked among Spain’s most beautiful villages. Meanwhile, Pollença invites visitors to climb its famous 365-step Calvari staircase and enjoy its lively Sunday market. Banyalbufar, with its stunning agricultural

terraces cascading down to the sea, offers an unforgettable landscape. Lastly, Capdepera, with its impressive medieval castle, transports visitors back in time.

Exploring these seven villages on a public holiday is a fantastic way to immerse yourself in Mallorca’s culture, history, and gastronomy. Whether you’re a local or a visitor, this celebration is the perfect excuse to discover the island’s most enchanting corners.

One of the stands in ITB Berlin 2024.

Views of Valldemossa.

One of the rooms offered by Palma Coliving with a terrace and pool views. Credits: Pexel, Ira.

Auditori Sa Màniga

IN 2024, the Auditori Sa Màniga in Cala Millor became a cultural hub, hosting over 20,000 visitors throughout the year. This state-of-the-art venue, which has been a key part of the community since its opening in 1999, offers a wide range of events catering to both locals and tourists.

The highlight of the year was the impressive turnout for the performing arts and music events. A total of 50 performances including theatre, dance, music, magic, puppetry, and circus attracted over 10,000 attendees. The cultural calendar was further enriched by four exhibitions of visual arts, organised by the Sant Llorenç des Cardassar Town Hall. These exhibitions, which included re-

nowned artists like Joan Lacomba and Guadalupe Carracedo, were visited by 1,500 people.

The Auditori also hosted a variety of educational and professional events, such as training activities, meetings, and conferences, which brought together more than 9,000 participants. These events make the venue an essential space not only for the local community but also for the international tourism sector.

Located in the heart of Cala Millor, the Auditori Sa Màniga continues to serve as an important venue for both cultural and business activities. For more details about upcoming events and services, visit the official website at www.samaniga.es.

Creating green urban spaces in Mallorca

MANY cities across Mallorca are making strides in the creation of new green urban spaces, such as parks and gardens, to enhance the quality of life for their residents while promoting biodiversity in urban areas.

These initiatives come as part of a broader movement towards creating more sustainable, livable environments within the island’s growing urban centres.

Palma, in particular, has been leading the charge with the development of several new parks, including the recently renovated Parc de la Riera and the soon-to-be-opened Parc de la Mar. These spaces aim to provide a peaceful refuge for residents, as well as promoting environmental awareness and a healthier lifestyle. Additionally, they serve

as important habitats for various species of flora and fauna, contributing to the city’s biodiversity.

The focus on green urban spaces is not only about providing recreational areas but also about enhancing urban resilience. They play a crucial role in improving air quality, reducing the urban heat island effect, and promoting social cohesion within commu-

nities. As the island continues to urbanise, the demand for green spaces that offer both ecological and social benefits will only grow.

These initiatives also align with the Balearic government’s goals of sustainability and environmental stewardship, helping the region move towards a greener and more ecologically responsible future.

A school group in one of the auditorium activities.

Credits: Ayuntamiento de Sant Llorenç.

Trees planted in the palm park.

Spain’s property market sees a surge in international investments, with South American buyers leading the trend

South Americans in Spanish market

SOUTH AMERICAN interest in Spain’s property market has surged, with purchases rising by 325 per cent over the past decade. Transactions jumped from 988 in 2014 to 4,198 in 2024, re ecting broader migration patterns and economic opportunities.

While South Americans account for just 2.5 per cent of non-EU property buyers, their growing presence is reshaping the market. This shift coincides with Spain’s rising foreign population, which reached 48.6 million in 2024. More than 1.3 million South and Central Americans now hold residence permits, with Colombians leading the in ux. In 2023 alone, Spain’s Colombian population grew by 124,566, making it one of the fastest-growing communities. Venezuelans and Peruvians are also settling in increasing numbers, particularly in Madrid and Barcelona, where 40 per cent of Spain’s South American residents live.

The pro le of buyers is evolving, with a uent investors from Venezuela, Mexico, and Colombia driving demand for luxury properties. Many purchase high-end homes for residency purposes or to accommodate children studying in Spain. As a result, the supply of properties priced above €800,000 has surged by 150 per cent since 2019. Madrid, Barcelona, Malaga, and Alicante have become key hotspots for these buyers. Beyond numbers, this trend re ects deeper cultural and economic ties between Spain and Latin America. The growing South American presence is not only transforming real estate but also strengthening historical connections and investment opportunities in Spain’s property sector.

Cable now restored

THE undersea bre optic cable connecting Latvia and Sweden has been fully restored after being damaged in January.

According to reports, engineers and a specialised repair vessel completed the reconnection on Friday, February 28.

Latvian State Radio and Television Center (LVRTC) stated that “the functionality of the cable, equipment and connections in Ventspils and Gotland have been tested, and the service to LVRTC customers has now been completely restored.”

Final work is still ongoing, as the cable needs to be lowered to the seabed, but favourable weather conditions are expected to allow completion soon.

The cable was damaged on January 26, in Swedish economic waters, 130 km from the coast of Latvia. Swedish authorities initially seized a vessel as part of the investigation - a Vezhen dry cargo shipying the Maltese ag, according to Baltic

News Network (BNN).

Although there were initial concerns about sabotage, Swedish prosecutor Mats Ljungqvist later clari ed: “The damage to the cables was caused by a combination of adverse conditions - weather conditions, de ciencies in the equipment and lack of shipping knowledge.”

The Swedish prosecutor’s o ce ruled out deliberate sabotage, acknowledging the ship had caused the damage but determining it was accidental, according to a report by LSM+.

A NEW report from the Council of Europe Commissioner for Human Rights has called on Ireland to repeal its trespass laws, arguing they prevent Traveller and Roma communities from practising their traditional nomadic lifestyles.

Commissioner Michael O’Flaherty, an Irish human rights lawyer, released the memo on Tuesday, February 25, highlighting that the legislation criminalises Travellers for residing on both public and private land.

The 2001 Trespass Legislation, along with the Housing Miscellaneous Acts of 1992 and 2002, allows authorities to evict and imprison Travellers who settle in unauthorised locations. Additionally, local authorities have placed boulders on traditional halting sites, further restricting movement.

As a result, only 15-20 per cent of Travellers continue to live in mobile homes or trailers, often in overcrowded and substandard conditions without access to basic utilities like water and electricity.

O’Flaherty’s report aligns with previous recommendations, including a 2019 review by a government-appointed expert group, which also suggested repealing these laws un-

Despite Sweden’s ndings, Latvia’s State Police have launched a criminal investigation under three articles of the Criminal Law, including damage to property.

Travellers targeted

til su cient transient sites are available. Despite these calls for reform, the Irish government has stated that a review of the trespass legislation is “not currently considered.”

The report also draws attention to broader issues facing these communities, including poor living conditions, housing and employment, and a high prison population.

The cable under the Baltic Sea was damaged in January of this year.

Traveller and Roma communities in Ireland.

Ready to cope

A EUROPEAN survey revealed that only 4 per cent of European Union citizens felt that their countries were well-prepared for natural disasters.

When Eurobarometer questioned more than 26,000 EU citizens in 27 members states it emerged that the majority wanted better information for coping with disasters and emergencies.

The same survey drew attention to Storm Boris which affected central Europe in 2024, together with the devastating floods that took the lives of at least 258 people in Spain and Germany.

These three disasters were not only ranked amongst the 10 costliest climate-linked catastrophes in 2024, but they also demonstrated

the importance of being prepared for these types of emergencies.

Overall, only 9 per cent of all those asked know about their city, region or country’s procedures for handling a disaster or emergency or their plans for evacuations, alternative accommodation or accessing help.

Fewer than one in 10 of the respondents to the survey said that they were familiar with their localities’ plans for this type of situation.

Percentages changed significantly depending on the country involved and ranged from only 2 per cent for those living in Malta or Greece to 20 per cent for Sweden and 19 per cent for Finland.

Nevertheless, the EU survey pointed out the highest scores were still relatively low.

Night train resumes

EUROPEAN SLEEPER has announced that its Brussels to Venice night train will finally operate as planned from March, after initial disruptions forced passengers to change trains in Austria. The service, which launched in early February, was unable to secure Italian track approval in time, leading to last-minute transfers in Innsbruck. Co-founder Chris Engelsman explained that misaligned internal authorisations caused the issue but assured that full operations are now on track.

Starting in March, the ‘Good Night Train’ will run directly to Venice, passing through the picturesque Brenner Pass and stopping in key Italian cities like Bolzano/Bozen. Southbound journeys were scheduled for March 4 and 12, while northbound departures will take place on

Police needed

THE upswell in violence and explosions in Sweden has prompted the National Police Commissioner Petra Lundh to comment on the state of the manning of the police force.

There is some difficulty in recruiting officers especially in the Stockholm area with its population of just under one million, whilst the force consists of just 2,434 according to 2024 published figures.

There are a total of 40,000 employees of the Swedish Police Force but of those, only 24,000 are actually police officers rather than civilian support.

In the past nine years, the number of police has risen but only by 2,202, less than 10 per cent, but as populations increase as does reported crime, this is simply too few.

Commissioner Lundh has made it clear that there is an absolute need for

the recruitment of more officers in order to ensure that there is a visible presence on the streets, not just to deter criminals but also to give residents some form of confidence in the ability of the police to protect them and their loved ones.

Things may be getting better as last autumn, all places at the police academies were filled for the

first time and the number of uniformed police officers in external service for the whole country increased by 716.

Many may have been encouraged to join the service as police salaries have increased over the past two years, with the average monthly salary now standing at Skr31,000 (€2,780 approximately).

March 8 and 18. The route promises travellers a seamless overnight rail experience, combining winter sports access with a convenient city-break option in Venice.

For now, European Sleeper considers this winter a pilot phase, with only seven round trips scheduled over two months. Ticket prices start at €49 for standard seats, €79 for couchettes, and €159 for private sleeper compartments.

While confident about the service’s future, the company acknowledges ongoing challenges, including coordinating timetables across five countries and navigating Italy’s complex railway requirements. However, with strong demand for eco-friendly rail travel, European Sleeper is already exploring an expanded service for winter 2026.

VALENCIA FLOODS: Paiporta in October 2024.

Photo credit: CC/Enkantari

Stockholm police force is understaffed.

European Sleeper’s night train, poised to offer a direct Brussels–Venice service from March as part of its new pilot project.

EMIFF 2025 Dates

THE Evolution Mallorca International Film Festival (EMIFF) has continued to strengthen its position within the global film community, marking another milestone with its second annual ‘Mallorca meets Berlinale’ reception in Berlin. The event, attended by over 40 industry professionals, serves as a platform to increase the festival’s international visibility and foster connections among global filmmakers and creatives.

The reception featured notable figures such as festival director Sandra Lipski, festival manager Maria Calafat, and Rainer Lipski, co-founder of Cinematography Focus. The gathering also welcomed key filmmakers like Pedro Barbadillo, director of the Mallorca Film Commission, actress Nina Rausch, and Fabian Jöst, founder of Mallorca Specials Production Agency.

During her speech, Lipski announced the official dates for the 14th edition of EMIFF, which will be held from October 21 to 29, 2025. In response to growing interest in the fes-

tival’s Cinematography Focus, the event will be extended by two days.

The opening gala will take place at the Palau de Congressos on October 21, while the closing gala, which will include the awards ceremony, will be held at the iconic Teatre Principal on October 29.

The festival also celebrated two 2024-selected projects that received nominations for the 2025 Oscars: I’m Not A Robot, nominated for Best Live-Action Short Film, and Porcelain War, nominated for Best Documentary Feature.

For more details, visit www. evolutionfilmfestival.com.

LENS: A unique fusion of arts in Mallorca

LENS, a groundbreaking cultural event in Mallorca, has just been announced and will take place on April 5 from 4pm to midnight at the iconic Frontón de Sineu. This immersive experience will offer eight hours of continuous artistic expression, combining a wide range of disciplines in a way never before seen on the island. Attendees will enjoy performances by renowned international, national, and local DJs, including Velasco (NYC-born) and Dani Casarano (Swiss DJ), alongside over 10 visual and plastic artists presenting immersive installations, performances, videos, and more. What makes LENS truly exceptional is its unique blending of all art forms - music, visual arts, immersive experiences, performances, and even gastronomy - into one cohe-

La Gran Tortuga’s revamp

JAVIER SORIANO, owner and chef of La Gran Tortuga, has dedicated himself to revamping the restaurant’s concept since 2022, offering a fresh, exciting dining experience in one of Mallorca’s most scenic locations. “We wanted to modernise the menu, blending traditional flavors with new influences,” he explains.

The result is a variety of tapas, grilled rice dishes and paellas, and carefully selected cuts of meat, all crafted with locally sourced, high-quality ingredients. Fresh seafood and fish are offered daily on their blackboards, providing a true taste of the Mediterranean.

Javier’s journey back to the restaurant after years away has been motivated by a desire to make each guest feel special. “I’ve taken inspiration from the luxury hotel industry and Michelin-starred restaurants to refine every aspect of the service,” he shares. This commitment to excellence extends beyond the food; the ambiance is key to creating an unforgettable experience.

La Gran Tortuga’s history is deeply personal to Javier, whose father was a guiding force be-

hind the restaurant’s early success. “My father always said, ‘Look where we are, in a paradise, with one of the best terraces in Mallorca,’ and that vision has stayed with me,” he reflects.

The restaurant offers a five-course tasting menu, exclusive to the upper terrace, and weekly midday menus.

www.restaurantelagrantortuga.com

Ctra. Cala Fornells, 37, Paguera TEL: 971 686 023 / 669 469 983

sive event. Visitors will have the chance to engage all their senses as they explore the venue, with each artistic discipline interacting and complementing the others throughout the eight-hour journey. This collaboration of different art forms aims to create a rich, multi-sensory experience that encourages deeper connections and appreciation of the arts. The Frontón de Sineu, a historic venue transformed into a cultural hub, provides the perfect setting for this one-of-a-kind event. Tickets are now available, and attendees can expect an unforgettable fusion of creativity, surprises, and unique artistic experiences. www.lenscommunity.com

Carrer Frontó, 16, Șineu, Islas Baleares, Spain 07510

Bar Abaco, a hidden gem

LOCATED in the heart of Palma, Bar Abaco offers a truly unique dining experience that perfectly captures the essence of Mallorca’s charm. This iconic restaurant is set within a beautifully restored 18th-century building, bringing an air of timeless elegance to the modern Mediterranean cuisine it serves. Upon entering Bar Abaco, guests are immediately struck by the stunning and almost surreal atmosphere. The restaurant’s decor is nothing short of a masterpiece, with grand chandeliers, luxurious floral arrangements, and vintage furnishings that evoke old-world luxury. It feels like stepping into a grand palace while remaining warm and welcoming, offering a perfect balance of elegance and comfort.

The menu at Bar Abaco showcases traditional Mediterranean dishes with a creative twist. From fresh seafood to hearty meats, each dish is prepared using locally sourced

ingredients, ensuring an authentic taste of Mallorca. The attention to detail and quality of the food is exceptional, with each plate presented as a work of art. Bar Abaco is not just a place to dine; it’s an experience to be savoured. Whether enjoying a quiet dinner or celebrating a special occasion, this restaurant offers an unforgettable atmosphere and culinary delights that will make you want to return time and time again.

Calle San Juan, 1. 07012 Palma de Mallorca. Islas Baleares. +34 971 714 939

Credits: Facebook, La Gran Tortuga.

Sandra Lipski giving a speech on stage at the latest festival.

Photograph of the Frontón de Sineu location

The stunning interior of Bar Abaco.

Credits: Frontón de Sineu.

Credits: EMIFF Website.

Credits: Abaco website.

Javier Soriano serving one of the paellas cooked for him at his restaurant.

Roxana Ștefan from Romania

- Speaking European INTERVIEW

Many Romanians have chosen to relocate to southern Spain in search of a better quality of life. Roxana Mihaela Ștefan, a 37-year-old Romanian woman from Constanța, moved to Benalmadena about two years ago with her family.

EWN: Why did you deci de to move here?

Roxana: A vacation here eventually led to our final move two years later. There were several key reasons behind our decision: a better healthcare and education system, the warm climate, and an overall improved quality of life.

Roxana Mihaela Ștefan.

EWN: What do you work at here?

Roxana: I work in the tourism industry, managing several holiday apartments on the Costa del Sol.

EWN: How do you find the cost of living compared to Romania?

Roxana: Lower. Food is slightly cheaper, and dining out at a restaurant is affordable. We also save on fuel since there are good transport connections to

Malaga. Additionally, unlike in Romania, here public schools offer extended hours with extracurricular activities for a very low fee.

EWN: How is life in the Malaga area?

Roxana: The job market isn’t particularly well-paid, and you won’t get rich here, but the peaceful lifestyle makes up for it. For children, there are plenty of opportunities, from sports to beautiful places to visit. Also, the weather allows them to spend a lot of time outdoors.

EWN: Do you see yourself returning to Romania?

Roxana: We’ve invested here, and I don’t think we’ll be going back to Romania anytime soon.

Do you see the current political climate in a negative light? Your VOICE

IT’S hard to deny that politics today feels more chaotic and divided than ever before. Across the world tensions are rising, alliances are shifting, and leaders are clashing, making it difficult to predict what lies ahead. Whether it’s international conflicts or internal political struggles, there’s no shortage of challenges that are shaping the future.

Take the US, for example. Recently, President Donald Trump and Ukrainian President Volodymyr Zelensky had a public exchange at the White House that grabbed a lot of attention. Their discussion focused on Ukraine’s mineral wealth, highlighting just how complicated the situation in Ukraine has become.

ying to divide Europe and other western nations.”

Judith Dominique Wolfenegg agrees, writing: “Since Pato Donald is turning the most powerful democracy into a western North Korea, we are sitting on a gunpowder keg... Americans are taking it to the streets already, more and more of them regret their vote.”

David Cooke expresses his concerns, saying, “Negative... Eurolandia is full of power hunger socialist coalitions giving their cultures away to illegal immigrants and separatists bit by bit while the working class follow along paying for it instead of fighting back...”

Trump’s comments about Zelensky and ongoing debates over US involvement in Ukraine’s conflict with Russia are only deepening the divide between the two countries and making the balance of power even more precarious.

With everything happening around the world, it’s hard not to see the political landscape as more unstable and polarised than befo -

Deb Horses also paints a negative picture, writing, “We are living bad times. The USA used to influence the world in many positive ways (to be honest, negative too), but right now, that influence is more negative than anything else. Remember Ghost Busters? How the Slim fed off of negative spirits? Well, we are at that point... As level-headed Europeans, we need to band together with a positive and uniting Spirit.”

INTERNATIONAL WOMEN’S DAY:

The Origins

ON March 8, women around the world are celebrated for their contribution to society. That’s because this date is ocially recognised as ‘International Women’s Day’. This acknowledgement is largely down to one woman, Clara Zetkin, who was deeply involved in politics for most of her adult life. She was considered to be a German Marxist theorist, communist activist, and, most of all, advocate for women’s rights. This was demonstrated by her role as the editor of the SDP women’s newspaper Die Gleichheit (Equality) between 1891 and 1917. In addition, she undertook the role of leader of the newly founded ‘Women’s O ce’ at the SDP in 1907. In fact, this latter role led to her participation in the second International Conference of Working Women, which took place in Copenhagen in 1910. This is a very poignant event in

Key Events

SINCE its inception in 2011, the concept of International Women’s Day (IWD) and all that it stands for has spread far and wide. Some of the key milestones in its calendar are as follows:

1913: First observance of IWD in Russia, with socialist women organising protests and rallies demanding better working conditions, equal rights and the right to vote.

1922: Vladimir Lenin declares March 8 IWD in honour of the role women played in the Russian Revolution.

1975: United Nations marks IWD, setting 1975 as International Women’s Year.

history because it is where the idea for a ‘women’s day’ was rst proposed. Zetkin put forward the notion that there should be a speci c day on which women are celebrated every year in every country More than 100 women from 17 countries attended that momentous conference.

Collectively, they represented unions, socialist parties, and working women’s clubs, and even included the rst three women ever to be elected to the Finnish parliament. They wholeheartedly supported the proposal, and International Women’s Day was founded.

While no speci c date was chosen, International Women’s Day was honoured for the rst time on March 19, 2011, with Austria (Austro-Hungary), Denmark, Germany and Switzerland participating.

2001: IWD website launches as a free, not-for-pro t, user-generated resource hub to ‘Support the Supporters’ and grow mainstream awareness of IWD.

2003: IWD march in Mexico City on March 8 becomes one of the largest IWD events globally, with hundreds of thousands of participants. March 9 is #UNDÍASINNOSOTRAS, (A Day Without Us), where women ‘disappear’ by not going to work, school or public spaces

2005: Google launches its rst IWD Google Doodle.

2019: The largest international IWD concert, ‘Global Citizen Festival: Power of Women,’ is held in New York City.

Accelerate Action

EVERY year, International Women’s Day is centred around a theme, and 2025 is no di erent. This year’s theme is the very powerful ‘Accelerate Action’. It is positioned as a worldwide call to acknowledge strategies, resources and activities that positively impact the advancement of women in society.

While it is recognised that signi cant barriers to gender equality still exist, the best way to press forward is to understand what works and to do more of it faster. This is what ‘Accelerate Action’ is all about: providing the necessary support and resources to ensure that initiatives that work are implemented quickly and on a larger scale. In this way, meaningful changes that empower women and promote equality can be realised. According to the International Women’s Day website, current projections indicate that at the present pace of progress, full gender parity will not be a reality until 2158, a staggering ve generations from now. This prediction underpins the need for change and the choice of theme for 2025.

Most Powerful Woman 2024

EVERY year, Forbes creates its top 100 list of ‘The World’s Most Powerful Women’, an incredible accolade for women who have made their mark on the world. This list is determined by four main criteria: money, media, impact and spheres of inuence. This results in a list of 100 women across nance, technology, media, and beyond.

Top of the list for 2024 is Ursula von der Leyen, who holds the esteemed title of President of the European Commission, European Union. Born in 1958 in Brussels, Belgium, von der Leyen is a prominent German politician and physician with a distinguished career in public service. Throughout her political career, she has held multiple positions within the Ger-

man government which has led to more than 14 years of experience as a Federal Minister. This includes the role of Germany’s Federal Minister of Defence which she held between 2013 and 2019. This is signi cant because it made her the rst woman to hold this position, where she was responsible for overseeing Germany’s military and its strategic direction through various global challenges.

Aside from politics, Ursula von der Leyen also boasts an impressive academic record in medicine. After obtaining her medical licence in 1987, she went on to obtain a doctorate in 1991, followed by a Master of Public Health in 2001.

Ursula von der Leyen attends talk in Kyiv.

Strike the #AccelerateAction pose.

Heaven help them all

LEAPY LEE SAYS IT

OTHERS THINK IT

I’M assuming that most of our readers observed the White House / Trump meetings involving Starmer and Zelenskyy this week. As far as Starmer was concerned, I considered his interview an embarrassment.

It made the same impression on me as the pathetic ‘deal’ that ridiculous Reeves recently negotiated with China for some pitiful investment of 600 million peanuts over the next five years. When Starmer gleefully extracted the Kings invitation ‘trump’ card from his inside pocket, he was like a self-centred schoolboy, inviting teacher to attend his dad’s birthday party! Heaven help the UK.

Zelenskyy of course was a totally different concern. What the UK public were (naturally) not informed of was the fact that after the event, he was subsequently escorted from the oval office and ultimately the White House, missing the lunch altogether. The problem with it all is that the

only way to end this ever-running, terrible conflict, is by compromise.

Zelensky was being offered a way to restore the best part of his country, while saving thousands of lives. Still, I understand chicken nuggets at Burger King filled the buffet gap.

Mind you, signing the restaurant receipt for $12.50, was not quite the bill he had in mind after a brunch with Trump! In my opinion, always wearing that ridiculous t-shirt, which is so obviously a PR throwback to his show biz days, depicts he most certainly is not the right man for the job. I await the slings and arrows.

Yet again, I reiterate that in my opinion the irresponsible idiots who sanction sex ‘education’ films for children as young as four, are no better than the sick paedophiles that lure youngsters into their homes and force them to watch sleaze.

It is the same type of attitude that has lowered the standards of British education to such an extent that thousands of pupils are leaving school hardly able to read or write. Their ‘leftie’ legislations have meant, that not only are vast numbers of young people virtually illiterate,

this incompetent bunch of educationalists then proceed to dumb down exam questions, thereby creating a high pass rate in a further attempt to hoodwink us all in to believing they’re doing a good job. Give us a break.

The minute the first ‘eight o’clock shadow’ long haired schoolteacher took off his tie, perched his behind on the edge of his desk and told his pupils to call him ‘John’, the die was cast for the biggest plunge in education and moral standards since the British school system began. I thank the Lord my children have all been educated in Spain and truly feel sorry for British parents, who must often feel they have to protect their offspring from the very people they should be able to trust implicitly. Heaven help them all.

Thanks for all your letters and even the few words of encouragement in public places. They really do mean a great deal. Certainly, sends the ol’ boys’ fervour up.

Keep the faith. Love Leapy. Leapylee2002@gmail.co

Leapy Lee’s opinions are his own and are not necessarily representative of those of the publishers, advertisers or sponsors.

Art of chocolate

ALTHOUGH not mentioned in the same breath as Belgium, Switzerland or more recently Dubai, the Portuguese do enjoy a taste of their own local chocolate.

After a number of chocolate fairs over previous years, the National Chocolate Platform has been created in the town of Obidos.

It’s a joint operation between the local council and the Portuguese Hotel and Restaurant Association (AHRESP) which is intended to boost the business of chocolate making and promoting the local product.

Prior to the opening of the National Chocolate Platform, a signing event between the two organising parties took place and the much respected Obidos International Chocolate Festival is due to take place between March 21 to April 6 at weekends from Friday to Sunday.

According to Carlos Moura of AHRESP “The platforms aim to promote less-mediated economic activities and value professionals who, in the case of chocolate, are real artisans and a human heritage.”

There is a financial obligation to the town in the district of Leiria and Mayor Filipe Danie confirmed that setting up the Platform (the second to be registered in the country, after

the Bread Platform) would cost an estimated €50,000 in 2025, with a further investment of €25,000 the following year in order to keep it running.

If Portuguese born discoverer of the ‘New World’, Christopher Columbus had realised the importance of the cocoa beans presented to him by an Indian chief, the whole history of Portugal and chocolate might have been so different.

Street art sensation

A MASSIVE mural in Eindhoven, titled Echoes of Harmony, has been voted the best in the world for 2024.

Standing 20 metres high, it is also the largest piece created in the city by Dutch street art duo Studio Giftig.

The international street art platform Street Art Cities nominated Echoes of Harmony as one of the top murals of the year. After a public vote, the artwork claimed first place in the Expert Spotlight category, which recognises exceptional murals selected by top curators, directors, and gallery owners.

This is not the first time Studio Giftig, founded by Kaspar van Leek and Niels van Swaeman, has earned international recognition. In 2022, one of their murals in Tilburg was also named the best in the world. ‘We’re beyond excited’, the artists shared on Instagram, celebrating their latest win.

Located behind Muziekgebouw Eindhoven, the mural portrays a street musician and a concert violinist embracing, symbolising music’s ability to break down barriers and unite people.

Art lovers don’t need to visit a museum to admire this masterpiece, anyone walking along Jan van Lieshoutstraat near the concert hall can see this award-winning work of urban art.

Image: VisitBrabant / Instagram

Award-winning work of urban art.

Credit: Obidos Council

Chocolate platform created in Obidos.

FINANCE

BUSINESS EXTRA

Refinery plans

THE UK government will spend £200 million (€241 million) on attracting new companies to Grangemouth, once Scotland’s only remaining oil refinery has closed. When decommissioning is completed by May, more than 400 people will be out of work, although the closure will also affect thousands of indirect jobs.

Out of the red

PHARMACEUTICAL group Almirall, headquartered in Barcelona, reported a net profit of €10.1 million last year, compared with €38.5 million losses in 2023. Markets welcomed the 2024 results that were announced in late February, with Almirall shares rising to €9.45, giving the company a value of €2.017 billion.

On top

WOMEN occupied 43.4 per cent of seats on the boards of the UK’s FTSE 350 companies, compared to 42.1 per cent in 2023, the annual FTSE Women Leaders Review announced. Percentages were even higher for the country’s largest FTSE 100 companies, which climbed from 42.6 per cent to 44.7 per cent.

Going up

VODAFONE SPAIN reported revenues of €913 million for the third quarter of its fiscal year between October 1 and December 31, an increase of 1.1 per cent on the preceding quarter’s €903 million. The company’s adjusted gross operating profit after leases reached €320 million, 0.63 per cent up on the second quarter.

Two suitors

HONG KONG-BASED CK Infrastructure has lodged a £7 billion (€8.4 billion) bid for a majority stake in Thames Water, according to the Financial Times. This offer coincides with another from the US private equity group KKR which has made a separate £4 billion (€4.8 billion) offer for another majority holding.

STAT OF WEEK

€14 billion

in excess capital for Spain’s banks this year, 37 per cent more than the total for Santander, BBVA, CaixaBank, Sabadell, Bankinter and Unicaja between them in 2024.

Unexpected exit

UNILEVER showed the door to its chief executive Hein Schumacher on February 25.

In a move that apparently surprised the Dutch businessman, he will step down on March 2 and leave on May 31.

Unilever’s board, which includes billionaire activist investor Nelson Peltz, ‘was unified in its decision to oust Schumacher’ an insider told Reuters.

Shares in the company, which owns Marmite, Domestos, Ben & Jerry’s and Hellmann’s amongst other brands, have risen by 9 per cent since Schumacher took over in July 2023, but fell 3.4 per cent with the news of his exit.

Schumacher’s departure came shortly after the company announced that turnover increased by 1.9 per cent to €60.8 billion in 2024. With a €6.4 billion net profit, the

FATIMA BAÑEZ, who was Spain’s minister of Labour and Social Security between 2011 and 2018, has returned to multinational energy company Iberdrola.

Currently president of the CEOE Foundation attached to the Spanish Confederation of Business Organisations, Bañez joined the board of Iberdrola’s US subsidiary Avangrid in 2022 but left when the company was de-listed from the New York Stock Exchange. The former minister now

company’s full-year results were viewed as ‘underwhelming’.

Chairman Ian Meakins said the board was ‘pleased’ with Unilever’s 2024 performance ‘but there is much further to go to deliver best-in-class results’.

Nevertheless, on February 25, Meakins thanked Schumacher for resetting Unilever’s strategy, ‘for the focus and discipline he brought to the company and the solid financial progress delivered during 2024.’

Schumacher will be replaced by Unilever’s chief financial officer, Argentinean Fernando Fernandez, who joined the company in 1988.

According to media reports, the board prefers Fernandez’s ‘appetite’

for executing the next phase of the company’s turnaround.

The outgoing chief executive will receive his fixed pay of €1.85 million until May31, plus a payment in lieu of the remainder of his notice period.

Fernandez will receive a fixed salary of €1.8 million.

Big names at Iberdrola

joins the board of Iberdrola Energia Internacional, the sub-holding com pany that coordinates Iberdola’s activities in Germany, France, Italy, Greece, Portu gal and other countries inclu

SPAIN’S Cabinet has approved Aramco’s purchase of a 10 per cent holding in Madrid-based Horse Powertrain. The Saudi Arabian oil company announced in June that it would acquire a stake in the automotive firm that is jointly owned by Renault and the Chinese car manufacturer Geely.

This required the Spanish government’s permission, which Aramco received in late October although it was not made public until now.

Aramco paid €740 million for its 10 per cent stake, giving Horse Powertrain a market capitalisation of €7.4 billion.

ding Australia. The company has been headed since January 1 by Hugh Elliott, Britain’s ambassador to Spain until September 2024.

Argentina farewell Just Eat

NETHERLANDS’ investment group Prosus has paid €4.1 billion for the online food delivery firm Just Eat.

The company, founded in Denmark and later headquartered in London, was acquired by Dutch company Takeaway in 2020 to create Just Eat Takeaway, dropping its London dual listing and trading only in Amsterdam.

Although the company was worth €17.1 billion at the height of the pandemic, the €20.30 per share that Prosus paid was a 49 per cent premium on Just Eat’s average price over the last three months.

TELEFONICA is selling its Argentina operations to Telecom Argentina for $1.25 billion (€1.19 billion).

The Spanish telecommunications multinational has been a presence in Argentina for the last 30 years but had intended since 2019 to scale down its exposure to Latin America, company sources explained.

Following the announcement on February 24, Telefonica shares immediately rose 1.5 per cent while those of Telecom Argentina, which is partly owned by Clarin, the country’s largest newspaper, gained 3.4 per cent.

Argentina’s president Javier Milei warned that his government intended to appraise the deal as a possible monopoly that would put 70 per cent of the country’s telecommunications in the hands of one group.

Another instantly-recognisable Iberdrola name belongs to the footballer and coach Vicente del Bosque who took Spain’s national team to World Cup victory in 2010.

Iberdrola sponsored the Spanish side between 2009 and 2016, and Del Bosque joined Iberdrola Energia Internacional board in 2014.

Ercros losses

SPANISH basic chemicals company

Ercros lost €11.7 million last year, compared with a €27.6 million profit in 2023.

Figures submitted to Spain’s National Securities Market Commission (CNMV) revealed that sales of €643 million were 9 per cent down on the previous year. When taking into account the company’s total income of €700 million in 2024, which included services, these fell 8 per cent.

The Ercros results coincided with rival takeover bids from Italian company Esseco and Bondalti in Portugal, both of which await a decision from the CNMV.

Meanwhile both have been rejected by 27.5 per cent of Ercros shareholders.

BROOKFIELD is expected to finalise the $1.7 billion (€1.62 billion) purchase of National Grid’s US operations by the end of September.

The Canadian asset manager is acquiring National Grid’s onshore wind, solar and battery plants in North America as the FTSE 1000 company disposes of part of its portfolio.

Now focusing on infrastructure rather than energy generation, National Grid is also preparing to sell Grain LNG, its liquid natural gas terminal on the Isle of Grain in the Thames Estuary.

SIR JIM RATLIFFE, the UK’s second-richest man, also owns 28.94 per cent of Manchester United.

Ratcliffe’s INEOS group, now managing the football club’s finances, has ordered the closure of the Old Trafford staff canteen and plans to replace the current free lunches with fruit.

Players will still receive free meals, but the team’s non-players will be offered only soup and bread as Ratcliffe aims to save £1 million (€1.2 million).

Photo credit: Unilever

Photo credit :pp.es

FATIMA BAÑEZ: Former minister joins Iberdrola Energia Internacional board.

HEIN SCHUMACHER: Has stepped down as Unilever chief executive.

3I Group 3.963,00 3.982,00 3.959,00 33,79K Admiral Group 2.876,7 2.881,0 2.866,0 10,47K

Airtel Africa 141,40 143,10 141,40 85,69K Anglo American 2.348,5 2.353,0 2.331,0 64,94K

Antofagasta 1.745,50 1.749,50 1.732,50 31,29K

Ashtead Group 4.811,0 4.836,0 4.801,0 32,91K Associated British Foods 1.890,0 1.904,5 1.889,5 19,35K

11.954,0 12.018,0 11.914,0 108,03K Auto Trader Group Plc 775,20 776,80 773,60 34,27K Aviva 539,00 544,40 537,66 382,47K

B&M European Value Retail SA 275,03 277,20 274,90 78,75K

BAE Systems 1.645,50 1.666,50 1.552,00 3,22M Barclays 306,77 310,70 306,45 2,63M Barratt Redrow 422,50 426,00 422,40 72,03K

Beazley 879,50 882,00 877,50 57,9K

Berkeley 3.648,0 3.664,0 3.602,0 29,15K

BP 437,80 438,90 437,30 1,15M British American Tobacco 3.069,0 3.080,0 3.065,7 166,8K BT Group 157,95 160,15 157,65 744,71K Bunzl 3.196,0 3.334,0 3.186,0 247,21K

150,25 150,55 148,95 689,2K

Cola HBC AG 3.372,0 3.381,8 3.354,0 21,94K

2.782,00 2.783,00 2.773,00 55,02K

Euro

EUR/GBP: Down from £0.84 to £0.82

EUR/USD: Unchanged at $1.04

The euro has traded in a wide range over the past month. Starting with a slump at the end of January as another European Central Bank (ECB) interest rate cut coincided with stagnant Eurozone GDP growth.

Early February extended the EUR selloff amid tariff threats from US President Donald Trump. Before the euro was able to claw back a good portion of its gains thanks to a weakening US dollar and the prospect of a peace deal in Ukraine.

However, the euro then came under pressure again as the exclusion of European representatives from US-Russia discussions on ending the war in Ukraine raised concerns about Europe’s influence in the peace process.

Looking ahead, the euro likely faces more bumps in the road as

Currency outlook: US dollar rocked by Trump’s tariff agenda, Euro undermined by Ukraine uncertainty

the fallout from Germany’s federal election, the Ukrainian peace process and erratic US trade policy are all likely to infuse volatility into the single currency.

Pound

GBP/EUR: Up from €1.18 to €1.20

GBP/USD: Up from $1.23 to $1.26

Trade in the pound has been erratic over the past month. In late January, Sterling strengthened due to improved UK eco-

nomic optimism and Chancellor Rachel Reeves’ growth-oriented speech.

However, these gains were swiftly reversed after the Bank of England (BoE) delivered a dovish interest rate cut and halved its 2025 growth forecast.

An unexpected uptick in UK GDP brought fresh relief, before GBP investors largely shrugged off stronger-than-expected UK inflation and wage growth figures, on the expectation the BoE will sti-

ll cut rates again in May.

Turning to March, the main focus for GBP investors will likely be the Chancellor’s Spring Statement. Expect any tax hikes or spending cuts to sap Sterling sentiment.

US Dollar

USD/GBP: Down from £0.81 to £0.79

USD/EUR: Unchanged at €0.95

The US dollar has faced significant volatility in the first four wee-

ks of Donald Trump’s second term in office.

This has been primarily driven by the President’s scattergun approach to his tariff announcements, with USD investors left reeling by his inconsistent position on trade.

On the more positive front for the US dollar was the Federal Reserve’s decision to pause its cutting cycle and a hotter-than-expected US inflation print.

No doubt USD investors will be kept on their feet by Trump in the coming weeks. With the President’s erratic policy announcements likely to infuse further volatility into the US dollar.

Currencies Direct have helped over 500,000 customers save on their currency transfers since 1996. Just pop into your local Currencies Direct branch or give us a call to find out more about how you can save money on your currency transfers.

Looking ahead, the euro likely faces more bumps in the road.

• News from Our Other 6 Newspapers •

Costa del Sol Sierra Nevada strike

SKI fans who had planned to spend the long weekend in Sierra Nevada were left disappointed on Saturday, March 1 when unions called workers out on strike.

Negotiations over conditions between workers of Cetursa, the company that runs the resort, and their employers broke down, leading to a walkout, with the Pradollano resort already packed with families hoping to get some ski practice in.

The slopes were completely closed, according to a statement from union officials, early Saturday, March 1, and remained closed all day and night.

According to those unions involved in calling the strike, unless demands are met, stoppages will continue Saturday, March 8, 14, 22, 29, and again the first three Saturdays of April.

Cetursa has announced it will refund anyone affected who already has bought a forfeit, and those who have bought them online will receive an automatic refund.

Axarquia Open-air libraries

THE authorities of Velez-Malaga have started to install BookCrossing points in various parks of the town. This way, some public spaces of the town will become open-air libraries, according to the town hall.

BookCrossing is a community-driven project that encourages the free exchange of books. The concept behind it is simple: readers can take any book, enjoy it, and then return it for others to read. Everyone can also contribute by leaving behind books they have finished. The project wants to promote a love for reading, knowledge-sharing, and free access to literature for all.

BookCrossing movement is not new for Velez-Malaga. The Axarquia town already has designated book exchange points along the beaches of Torre del Mar, Caleta de Velez, and Benajarafe. In fact, Torre del Mar expanded its beach library in April 2024, due to increasing demand. The facility now offers a shaded reading area, board games, a book lending and storage service.

Costa Blanca North

€15 million transformation

AFTER years of disuse Benidorm has formed plans for the old bullring, it is to be converted into the new Benidorm Open Arena.

Three parts of the modern vision for the arena have been announced by the town council. The first is the Live Arena, with €10.5 million worth of investment in this space used to rehabilitate and convert the bullring ‘into a large multifunctional space for cultural, social and sports activities’ according to Mayor Toni Perez. Some €3 million of investment will go toward a Youth Arena, with a youth centre. Perez said they aim to create a space for integration, training and leisure for local young people. Finally, there is the Arena Encuentro, a development of local connections and communities around Plaza de Toros improving public spaces, with green zones and resting areas. The plans are dependent upon EU funding although the city is guaranteeing €6million investment. They could have the space completed by 2029.

Costa Blanca South Lights, Camera, Alicante

CIUDAD DE LA LUZ Film Studios in Alicante is expecting a strong 2025 after a very successful 2024, which hosted major productions.

A top North American studio - possibly Universal, Paramount, Warner Bros, Disney, or Sony - is in talks to film a major project there, potentially booking the entire facility for the year.

SPTD, which manages the studio, is leading negotiations under strict confidentiality. If secured, this production could delay other projects, requiring careful scheduling.

In 2024, the complex hosted 14 productions, generating €60 million. Highlights included Venom 3, Bad Influence, Under Paris, and The Tigers, along with TV series like The Walking Dead: Daryl Dixon and The Law of the Sea.

SPTD is also improving infrastructure, including a €1.17 million solar power project to boost energy efficiency. These upgrades reinforce Ciudad de la Luz as a key player in the global film industry.

Almeria

Major Almeria investment

PUBLIC buildings across Almeria Province are receiving a significant boost thanks to government investment aimed at preserving cultural heritage and improving community spaces. The initiative, which funds essential renovations, ensures that key facilities remain accessible and functional for future generations.

Among the standout projects is the rehabilitation of the Gabriel Espinar municipal library in Huercal-Overa. With a grant of €626,000, the library has undergone extensive improvements to enhance accessibility and preserve its historic character. This investment highlights the commitment to maintaining vital learning spaces and cultural hubs. Another major success story is the transformation of the Molino del Lugar in Zurgena. Once an old mill, the building has been restored and converted into an ethnographic museum, showcasing the area’s rich history. Funded with €650,000 from the PIREP programme, this development brings new opportunities for tourism and education.

Costa Calida

Corvera’s summer flights

HOLIDAYMAKERS flying to and from the Region of Murcia will still have plenty of travel options this summer as Ryanair announces its 2025 flight schedule from Corvera Airport. The airline will operate eight routes, connecting the Costa Calida to Birmingham, Bournemouth, Dublin, East Midlands, Glasgow, and London Luton and Stansted. This summer’s schedule has two fewer destinations than last year, as flights to Manchester and Marrakech have been removed. However, Ryanair has increased overall seat availability by 7 per cent, ensuring more passengers can take advantage of these routes.

The airline also highlighted its contribution to the local economy, stating that the summer schedule will help support over 450 jobs in the region.

To celebrate the launch, Ryanair is offering special fares starting at €21.99 for travel until the end of April. These discounted tickets are available to book on www.ryanair.com

PETS

Caring for senior pets

AS pets age, their needs change, and it’s important to provide them with the right care to ensure they live a happy, healthy life in their senior years.

One of the first steps in caring for an older pet is to schedule regular veterinary check-ups. Senior pets should visit the vet more often - at least every six months - to monitor their health and catch age-related conditions early, such as arthritis or dental issues.

Older pets may benefit from a special diet that is lower in calories, higher in fibre, and rich in nutrients to support joint health and organ function. Regular exercise is still important, but may need to be less intense. Short, gentle walks and mentally stimulating activities, like puzzle toys, can help keep your pet fit and prevent obesity.

A soft, supportive bed and easy access to furniture or car seats are important for older pets with mobility issues. It’s also important to monitor for signs of pain, such as limping or difficulty climbing stairs, and consult your vet for pain management options.

Lastly, regular grooming is essential. Their coats may require extra care, and cleaning their ears and teeth can prevent infections. By adapting your care routine, you can help ensure your older pet enjoys a high quality of life.

TIP ‘Windows to Wellness’

EACH breed of cat and dog has its own set of needs for how often they need to be groomed, pets with longer fur need to be groomed more regularly than shorterhaired breeds.

Ewa’s pet-sitter house-sits across Europe

TERESA, Ewa’s owner, travels between a number of countries in Europe. It’s not always possible to take Ewa with her so Teresa finds housesitters through HouseSitMatch. The pet-sitters stay with Ewa and care for her when Teresa and her husband are away. The service means that Ewa gets to stay in her own home where she is safe and comfortable, without too much disruption. And it saves Teresa money too!

HouseSitMatch saves you money

We promote collaborative exchange through our managed online system - free accommodation for free pet care! It’s a real win win!

HouseSitMatch is safe - all members are checked

All members are checked for safety, and you choose which housesitters come to care for your pets in your absence.

Your pets stay at home - safe and undisturbed

All pets benefit from staying at home, so their routines are undisturbed.

If you’re planning travel this year, join now. Get organised today:

1. Register as a house-sitter or a homeowner on HouseSitMatch.com

2. Join for as little as £89 / €99 per year

3. Create a profile with photos

4. Sitters apply for the available house-sits, you hold a video inter-

view via the site and match! How does it work?

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.

Trustpilot Testimonials - 4.8 / 5

Excellent

Unbelievably good service! HouseSitMatch take the worry away from leaving your dog. Lamia and her team helped me through the whole process of finding the right sitter for my slightly nervous dog.

HouseSitMatch’s professional approach and secure platform allowed me to have confidence in the people who applied to look after my dog.

All sitters are checked and referenced before they can approach available ‘sits’, so I found it easy to select the person based on their likelihood of getting on with my pet and our home location.

How do you join? Register online via www.Housesitmatch.com

Teresa, dog owner

Need a pet or house-sitter? House-sitting is a win-win, free house and pet-sitting exchanged for free accommodation!

Claws for celebration!

CUTTING your pet’s nails can be a simple task if done correctly. Here’s a step-by-step guide to help you keep your pet’s nails trimmed and healthy.

1. Gather the right tools

Before you start, ensure you have a pair of pet nail clippers and some styptic powder in case you accidentally cut too close to the quick.

and relaxed. You may want to do this after a play session or cuddle time. Gently handle their paws and get them used to having their nails

touched for a few days before trimming.

3. Inspect the nails

Look for the clear or slightly pinkish ‘quick’, which contains blood vessels. Avoid cutting this part, as it can cause bleeding. angle, following the natural curve of the nail. For cats, trim only the sharp tip to avoid discomfort.

5. Reward your pet

After each session, reward your pet with praise or a treat to reinforce positive behaviour. If you’re unsure about trimming your pet’s nails or if your pet is particularly nervous, consider seeking help from a professional groomer or vet. They can guide you through the process or perform the task for you, ensuring your pet stays safe and comfortable.

This is Ewa, and like her owners she lives between two homes.

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Credit: Shutterstock, Krzysztof Dzidek

Formula 1 and LEGO

FORMULA ONE and the LEGO Group are set to enhance the fan experience this year with new interactive activities and a fresh range of LEGO F1 products.

Following a successful launch last year, the partnership will now bring immersive at-race experiences and exclusive merchandise to select Grand Prix events worldwide.

Starting March 1, LEGO Speed Champions sets allow fans to recreate F1 moments in brick form. This will be followed by the launch of LEGO F1 Collectibles on May

1. These join the existing LEGO DUPLO and LEGO City collections, offering something for fans of all ages.

Beyond the products, LEGO will introduce dedicated LEGO Fan Zone Activations at select F1 races, giving attendees the chance to participate in exclusive build challenges, photo opportunities, and hands-on experiences celebrating F1’s engineering excellence.

Fans attending races will have access to the LEGO Pit Shop, popup stores featuring the full F1 product range, including sets repre-

senting all 10 Formula 1 teams. Additionally, LEGO stores in Europe, the US, Canada, the Middle East, Africa, and China will host racing-themed activities and play experiences.

For those unable to attend races, LEGOLAND Discovery Centres and LEGO Discovery Centres worldwide will introduce build challenges designed to educate children about F1’s technical aspects. Meanwhile, a new LEGO F1 game will launch on the LEGO website and LEGO Play App, allowing fans to engage with the sport digitally.

Real Madrid leads Europe in wages

REAL MADRID is the club with the highest wage bill in European football, spending €272 million per year, according to industry estimates.

At the top of their payroll is Kylian Mbappé, signed on free in the summer of 2024 from PSG. The French star’s annual salary reaches €31.25 million, excluding bonuses. Other important earners from the Real Madrid squad include David Alaba (€22.5 million) and Vinícius Júnior (€20.83 million).

Just behind Madrid is Bayern Munich, with a total wage budget of €264 million. The Bundesliga giants invest a big part of this sum in top players like the Englishman Harry Kane, goalkeeper Manuel Neuer, and midfielder Joshua Kimmich, who lead their squad in salaries.

Despite an underwhelming season by Pep Guardiola’s team, Manchester City completes the podium with a €242 million salary outlay. Erling Haaland, Kevin De Bruyne, Bernardo Silva, and Jack Grealish are the top

Kylian Mbappé comes out tops.

earners at Etihad, according to Capology’s experts.

The next clubs on the list are Manchester United, Arsenal, PSG, and Chelsea, all exceeding €200 million in annual salaries. Barcelona, known for their financial difficulties in recent years, follows in eighth place (€192 million), while Liverpool and Inter Milan round out the top 10.

Bayer Leverkusen, the reigning Bundesliga champions, ranks only 26th in wage spending. Despite operating on a €78 million salary budget, just over double Mbappé’s wages alone, the team coached by Xabi Alonso continues to perform excellently on the pitch.

Messi’s return to Barcelona

TALK of Lionel Messi (37) making a spectacular return to Barcelona has resurfaced these days, as the Argentine star reportedly wants to play at the new Camp Nou stadium.

But, according to Spanish football expert Guillem Balague, the chances of it happening appear slim. That’s because one major obstacle stands in the way: club president Joan Laporta. “I would say it is impossible while Laporta is in charge,” stated Balague, on his Twitter account.

Laporta was in charge when Messi left Barcelona in 2021, after 21 years playing for the Blaugrana team. Despite an initial agreement for the Argentine to renew, the

club’s financial difficulties forced them to withdraw the offer.

Disappointed and surprised, Leo Messi joined Paris Saint-Germain as a free agent. Two years later, in 2023, the South American star moved to the United States, signing a contract with Inter Miami, David Beckham’s team.

This contradicts recent reports from journalist Álex Candal, who claimed Messi is considering a return to Europe and wants to play at the newly renovated Camp Nou before retiring.

For now, Inter Miami remains in control of Messi’s future. The Americans want to keep him and reparing a new contract for the