1. Minkner & Partner News
Date for the diary: 29th August 2014 Exhibition inauguration 17.00h -20.00h in the Minkner Art Gallery
‘ I can do that ‘ – 10 self taught artists will exhibit their work in the Minkner Art Galley in Santa Ponsa
They have been successful in their own fields as architects, consultants, teachers, foreign correspondents, medical assistants and craftsmen, however after retiring from their professions they chose to improve their artistic vein and so enrich their lives. Ten self taught artists will exhibit their works in the Minkner Art Gallery from the 29th Aug to 2nd Oct 2014.The participating artists are: Ana Maria Borchers, Freeman, Volker L. Hantelmann, Dr. Jens Martin Jacobi, Regine Kempf, Wilfried Lachermair, Paula Meyer, Helga Otto, Irmgard Rincke und Gisela Wartenberg. Our visitors can expect an extraordinary exhibition featuring the works of extraordinary artists, who will of course be present.
Date for the diary: 5th Sept spectacular multi media event (music and film) in Bellver Castle sponsored by Minkner & Partner.
Who has not heard of Edgar Allan Poe’s ´Extraordinary Tales`. These have now been cinematically and musically re-staged and will be presented as a multi-media event at a world premiere by Joan Carles Palos on September 5, 2014 with the fantastic backdrop of the Castell de Bellver. The composer and pianist Sergio de la Puente and the film director Raul Garcia will be in attendance. Artistic Director is Smerald Spahiu (1st violinist in the Balearic Symphony Orchestra) with its "Chamber Film Orchestra". Minkner & Partner is a sponsor of this event. 05/09/2014, multimedia event "Extraordinary Tale" by EA Poe, Castell de Bellver, 21.30, Admission 20 €. Tickets: Minkner & Partner Santa Ponsa, Janine Uschpilkat, +34 971 695 255 and at the Castell de Bellver.
2. Mallorca – Construction, Economy laws and taxes
(1) Construction
Palma: The old town palace Can Puig on Palma’s Borne ( H & M; Zara) has been sold to Britons.
The Borne in Palma has developed into one of the most expensive streets in Europe and has long since claimed the title of the most prestigious shopping street in Palma from Jaime III. A special interest has been shown by international investors who have taken advantage of the favourable prices which developed as a result of the crisis. In the old town palace of Can Alomar a new boutique hotel has recently opened and an investor has been found for the Telefónica building. Now Can Puig has been sold. The building belonged to the noble Truyols family of which the ex Minister Carlos Delgado Truyols is a relative. The ground floor of the building already houses the fashion chain H & M and Zara whilst on the upper floors five luxury apartments will be developed.
Camp de Mar: Apartment complex situated in the dune area will be built
The construction work which was taking place on a 60 apartment complex in the dunes area of Camp de Mar was halted for a short time due to the discovery of ‘historical findings’ during excavation work. The find involved part of a dry wall of a threshing floor of the original estate. The conservation society ARCA wanted to conserve these remains on site, however, Andratx town hall and the island council are not of the same opinion. The remains of the wall have now been removed from the construction site and work continues as normal.
Playa de Palma: 40 Million investment for a 5 star hotel complex
The construction company Inversiones Llaut SL have received the approval of Palma’s city council to go ahead with the construction of a 5 star hotel complex in the region of Mega Park with an investment cost of 40 million Euros. It will be the first 5 star hotel in the area and the Hipotels group will also build a 4 star plus hotel close by. Construction work is expected to start at the end of the season. A total of five new hotel projects have been approved in the coastal area of Playa de Palma.
2) Economy
In 2013 foreign tourists spent 12 billion Euros in the Balearics
In 2013 foreign tourists mainly German and British tourists, spent 12 billion Euros in the Balearics whilst on holiday. At the top of the list were those tourists who are property owners and consequently did not spend their holidays in hotels, fincas or rental properties and who spent approximately 3,7 billion Euros. All inclusive holiday makers spent 2,5 billion the same as those tourists who chose half board.
Economic growth due to an increase in domestic demand
For the first time in 6 years the Spanish national institute of statistics has good news. The Spanish economy, thanks to rising domestic demand, has in the second trimester of 2014 experienced growth like never before in the last six years. Compared to the previous trimester there has been an increase of 0,6% . Spain’s economy has increased by 1.2 % in the second trimester compared to last year.
Spanish banks - a multi billion Euro restructuring case
The Spanish banking system was facing collapse in 2012 before it was bailed out with a 41 billion Euro cash injection from the international monetary fund and the EU. Throughout Spain a total of 12,000 banks and savings banks were closed and some 50,000 employees were dismissed or took early retirement. The Spanish taxpayers must pay a total of 61 billion Euros in order to rehabilitate the banking system. That is a bitter pill to swallow especially following the behaviour of Spanish banks when they were attempting to recuperate mortgages. Such was the case that the Spanish justice system had to intervene to put the terms and conditions of the banks to the test and to make the necessary corrections. Even though the banks appear to be more stabilised in the long run confidence has been ruined.
Palmahas successfully negotiated an interest rate reduction
Spain’s banks have earned a fortune in recent years, in that they have took no risk money from the ECB at almost no charge which gave an excellent rate of return to the Spanish central or local autonomous governments. The city of Palma has now negotiated a 25% interest rate reduction with eleven Spanish banks for a loan that they took out in 2012 for the sum of 101 million Euros. In total this is a reduction of 6 million Euros over a period of 8 years. Those involved in the deal included Banca Popular, Bankia, Banco Santander, Banco Sabadell and La Caixa.
´Only`19% unemployed in the Blaearics
The Spanish statistics institute have reported that the unemployment figures in the Balearics have dropped below the magic 20% figure and now stand at 19%. In the first quarter of 2014 118,000 were unemployed in the Balearics, which is 11,3% less than the same period last year. The Balearic Government speaks of a clear turnaround and in the high season a further decline will be noted in the unemployment figures.
Energy: Protests against the gas line between Palma and Andratx
The rerouting of electric cables via the Mediterranean from the mainland to Santa Ponsa was generally welcomed as the ‘possibility’ of a reduction of electricity costs was hinted at. The fact that this electricity is generated in a nuclear power plant received virtually no public criticism. However in the last weeks protests against the construction of a solar park in Manacor have taken place. Further protests also took place this week against the construction of a 42 km long gas installation between Palma and Andratx. Most of the protests are from the Son Rapinya area where trees would need to be felled for the installation of pipelines.
(3) The law, taxes and finance
Spanish stock exchange: initial public offering of Merlin properties
This year’s largest initial public offering took place in Spain in June. Merlin Properties, the real estate investment company, placed 125 million shares on the market at a price of €10 each. Merlin properties will invest primarily in offices, hotels and shopping centres. The interest shown by investors indicates that confidence in the Spanish real estate market is emerging once again. Although returns in other markets are not very encouraging it is hoped that the real estate market will show better returns.
3. Minkner Art Gallery & Culture
Antonio Falco, William Fikisz, Peter Thoms, Stefan Popovski - Landscapes
From days gone by to modern times landscapes are always a popular painting theme. The Minkner Art Gallery in Santa Ponsa is holding a summer group exhibition with the work of four very different artists: Antonio Falco - the renowned Mallorcan painter who with his classical style depicts the villages, landscapes, harbours, markets on the island painted and who has released a book "The other Mallorca" which presents these works. Wilhelm Fikisz, the master of watercolour, born in Austria and living in Switzerland, has captured on his many trips abroad landscapes and moods. He has also published several art books on his work. Peter Thoms who hails from the Ruhr region of Germany, uses a powerful style of painting from the figurative to the abstract. The Polish artist Stefan Popovski is an outstanding representative of naive painting and depicts landscapes and village scenes with his usual serene way of painting.
Galería de Arte Minkner - Avenida Rey Jaime I, 109 - ES 07180 Santa Ponsa, Tel +34971695255.
Exhibition dates: 01.08.2014 - 08.28.2014 - opening times: Mon - Fri 09:30h-18:30h, Sat 09:30h-14:00h
b) Johannes, Dagmar Adamski, Karin Darby – let the flowers speak
The Minkner Art Gallery in Pto. Andratx also presents a collective exhibition of German artists, who have in their own way dedicated them to still life and collectively have created a lush bouquet in our estate agents. Johannesthe pop-artist who paints flowers in bold colours, sensitive Dagmar Adamski and meticulousKarin Darby. Each isdedicated to still life in a convincing manner. ‘Let flowers speak’ an invitation to Minkner’s Art Gallery in Llucmajor.
Minkner & Partner – C./ des Saluet, 1 (Deutsche Bank) – ES 07157 Pto. Andratx, Tel. +34 971 671 250
Exhibition dates: 01.07.2014 – 30.06.2014 - Opening hours:Mo.- Fr. 09.30h - 18.30h, Sa. 09.30h - 14.00
c) Diego Arango Arango, Hanne Holze – the naive send their regards
Originally naïve art was a group of untrained people who presented their dreams of an ideal world. Most of their works represented rural life, but from this a modern art movement has developed which is identified by a childish representation. The Minker & Partner art gallery has put together an exhibition of two international artists. Diego Arango Arangowas born in Columbia but has lived on Mallorca since 1988. He paints in a naïve style that brings together symbols and dreamlike images. On the current art scene he is classed as the ‘sophisticated naïve artist’. Hanne Holzehas lived on Mallorca since 1998. She observes people and parodies them in her paintings- always positive, benevolent, loving and carefree characters that are perfectly rotund with sometimes strange anatomies.
Minkner & Partner – Ronda Migjorn, 145 B - ES 07620 Llucmajor, Tel. +34 971 66 29 29
Exhibition Dates: 01.07.2014 – 30.06.2014 - Opening hours: Mo.- Fr. 09.30h-18.30h, Sa. 09.30h-14.00h
4. EVENTS & TIPS
09 August 2014 "Young Singers of the Salzburg Festival" performing at the Hotel Castell Son Claret, Capdella
On 09 August 2014 the Young Singers of the Salzburg Festival will perform at the Hotel Castell Son Claret in Capdella. The summer concert will take place on the terrace of this small luxury hotel. The young singers are accompanied by conductor Kai Roehrig on the piano. Michelin Star Chef Fernando Perez Arellano will be responsible for a gala dinner. 09/08/2014 Young Singers of the Salzburg Festival at the Hotel Castell Son Claret, card € 175, info and reservations reservations@castellsonclaret.com
August 10, 2014, Jazz Brunch at the Cultural & Son Baulo, Lloret de Vistalegre
Susanne Menzel and Klaus Ignatzek - two musicians who have found themselves in a creative partnership. Ignatzek one of the top pianists and composers of the European jazz scene. In August, his 60th album with Susanne Menzel (lyrics and voice) is released. Both will be guesting on August 10, 2014 in the series Jazz & Brunch in Son Baulo. 10/08/2014, Jazz & Brunch at the Son Baulo Cultural Centre in, Lloret de Vistalegre, 11.00 h Concert 12 €, 12.30 Brunch 18 €. Reservations +34 971 524 206, www.son-baulo.com
August 29, 2014, Gregor Vidovic plays Chopin and Liszt in the Son Baulo Cultural, Lloret de Vistalegre
In collaboration with the Consulate of the Federal Republic of Germany, the Son Baulo Cultural Centre in Lloret de Vistalegre presents the pianist Gregor Vidovic in concert. Vidovic who was born in Munich and is of Bosnian origin, will perform pieces by Chopin and Liszt. Vidovic has become known worldwide for his concert tours and is praised "for his almost unlimited ability as a pianist."29/08/2014, Gregor Vidovic plays in the Son Baulo Cultural centre works by Liszt and Chopin, 17.30 h Snacks, 19.30 h concert 12 € (sponsored), then dinner € 26. Registrations German Consulate +34 971 707 738 or +34 971 524 206 Son Baulo, www.son-baulo.com.
3 and 4 October 2014 Mallorca Magazin Golf Trophy of in Golf de Andratx (Camp de Mar)
On 3 and 4 October 2014, the Mallorca Magazin have organised a traditional golf trophy in the Golf de Andratx Camp de Mar. This year, te event will take place over two days, as the previous events were always hopelessly overbooked. On the evening of October 4, a gala dinner will take place at the Dorint Hotel with an awards ceremony and score card raffle. The Trophy is supported by Axel Lange insurance and the Dorint Royal Golf Resort & Spa. 3rd and 04.10.2014 (alternative) Golf Trophy of Mallorca magazine in the Golf de Andratx, entry per person € 159, notifications by e-mail to info@golfdeandratx.com. Please note, for which day the registration is and provide your credit card number.