Expat Euro News

Latest 10 news items tagged Euro

22 Aug at 6 PM 2016

Kuwait new DNA testing mandatory for all residents, expats and visitors

The Kuwaiti government now has ultra-modern DNA sampling and testing technology and will require everyone in the emirate to be tested. Saliva will be collected from Kuwaiti nationals, expat workers and Bedouin tribes before the requirement is rolled out to include all visitors to the emirate. According to the ministry involved, the results of the samples will only be available to police, public prosecutors and the judiciary if requested. According to the emirate’s Ministry of the Interior, it’s expected that many thousands of...
19 Aug at 6 PM 2016

EU based retirees fear loss of UK state pension increases

Many thousands of UK state pensioners living in the EU fear losing their rights to regular pension increases due to the post Brexit fallout. The expat communities of Spain and, to some extent, France, are crammed with UK citizens who’d made the choice between poverty in Britain and comparative comfort abroad. Many sold their UK homes in order to buy an apartment in one of the Andalusian coastal resorts, and have been living within their means on just their UK state pension. With the advent of Brexit, their financial security may...
18 Aug at 6 PM 2016

Survey shows Switzerland is best choice for expat careers

HSBC’s Expat Explorer survey gives one of the best comparisons of locations suitable for career development, with Switzerland placed high on the list. Selecting the right relocation destination for a move to expat life isn’t easy, as it depends as much on personal preference as it does on salary and perks. However, for career development, Europe is still a great choice, with Switzerland considered by expats to be the best for salaries, job security, working conditions and lifestyle. Over 66 per cent of expat professionals working...
17 Aug at 6 PM 2016

Hong Kong expat exodus led by Americans and Brits

Hong Kong Immigration Department figures suggest the numbers of British, American and Australian expats has fallen considerably since the beginning of 2015. During the last six months, the total number of British expats living and working in Hong Kong has fallen by just over 10 per cent, together with eight per cent of US expats and five per cent of Australians packing up and moving on. The majority aren’t heading back to their home countries, but are relocating to North America, Africa and Singapore. In addition, numbers of...
16 Aug at 6 PM 2016

Expats and tourists aghast at proposed Indonesia booze ban

Shock-horror and incomprehension amongst expats and tourists is greeting the news that the Indonesian parliament is debating a total ban on drinks containing more than one per cent alcohol. The shocking annoucement has caused world media headlines as well as panic amongst local bar owners, distributors and manufacturers of alcoholic drinks. The thought of Balinese sunsets without sundowners isn’t at all appealing to tourists and the country’s expat communities, even although alcohol is already banned in Papua and Java’s port city...
11 Aug at 6 PM 2016

Is Mexico the answer to the post Brexit blues

Expats facing up to the post-Brexit possibility they may not be able to stay in their chosen EU member state havens should consider alternatives such as Mexico, a favourite with US retirees for decades. Once you’ve examined and disregarded the popular misconception that this laid-back chunk of the planet set south of the border with the USA is the most dangerous destination on earth, there’s a lot to recommend Mexico, especially if you’re about to be kicked out of Spain. English, of course, is spoken, even if it’s only the...
10 Aug at 6 PM 2016

Cambodia shaping up as the next dream retirement destination

As Thailand falls ever deeper into the dictatorship trap, its next door neighbour Cambodia is set fair to become the next Southeast Asian retirement hub. Despite the country’s tragic 20th century history, or perhaps because of it, Cambodia is now welcoming expats from across the Western world to its tropical beaches, charming towns and ultra-friendly people. One recent arrival from Thailand said his welcome by locals reminded him of another Southeast Asian country’s advertising soundbite - ‘Where the Smiles are Still Genuine’....
9 Aug at 6 PM 2016

How will Brexit affect UK expat state pensioners

European Union membership has ensured that retired UK citizens living in member states have their pensions annually updated, but Brexit is expected to change the rules. The situation is now unclear, but one thing is certain in that, when the UK leaves the EU, all rights to updated pensions will be lost unless new agreements take place with each individual country. Over a million Britons who chose to leave the home country are now in limbo as regards their future state pension income. Emigrating to an EU / EEA member state ensured...
9 Aug at 6 PM 2016

UK LibDem leader urges MP for Gibraltar and its Brit expats

As a result of the June Brexit referendum, Liberal Democrat leader Tim Farron is urging the Rock to press for its own MP in the British parliament. In addition to his suggestion for Gibraltar, Farron is urging the Boundary Commission and the government to instigate new constituencies for British expats resident in EU member states. His point is that British citizens are living and working all across Europe and should not by forced to wait years until the complicated and complex Brexit negotiations determine their fates. According...
5 Aug at 6 PM 2016

UK rate cut heaps more pain on retired expats in Europe

Thursday’s Bank of England rate cut to 0.25 per cent is yet another blow for retired expats in EU member states. Following the continuing impact on currency exchange rates post-Brexit, the Bank of England’s decision to cut base rates to 0.25 per cent is a further blow to retired British pensioners living in Europe. Most have endured years of low returns and are now faced with significant shortfalls in their monthly budgets. Financial firms are describing the cut as a painful disaster which will hit at least a million retired...