business

The Canary Islands government announces budget of 10.1 billion for 2023
The Canary Islands government announces budget of 10.1 billion for 2023

It includes tax deductions to alleviate the impact of inflation but the IGIC rate is not changed...

Tenerife has 4.1 million flight seats this winter, the highest figure in its history
Tenerife has 4.1 million flight seats this winter, the highest figure in its history

The island is in for a bumper winter with 300,000 more seats to the island than the previous high in 2018-2019...

New law will give the self-employed more protection of their assets
New law will give the self-employed more protection of their assets

The Create and Grow law also allows a limited company to be set up with just one euro capital instead of 3,000 euros...

Unions and employers urge the government to solve the lack of housing for workers
Unions and employers urge the government to solve the lack of housing for workers

The amount of long term rentals in tourist areas has been reduced by unregulated holiday rentals...

Direct flights from Tenerife to New York will continue next summer
Direct flights from Tenerife to New York will continue next summer

United Airlines renews the agreement to fly three times a week from Newark to Tenerife South...

British business travellers are being refused entry to EU countries
British business travellers are being refused entry to EU countries

Post-Brexit travel rules are being enforced more rigorously and will get even tougher once the ETIAS is introduced next year...

Lidl warns about fake offers and job ads on WhatsApp
Lidl warns about fake offers and job ads on WhatsApp

The supermarket chain have stressed that they only advertise via official channels and never on messaging services...

The Canary Islands GDP is forecast to grow by 9.3% this year
The Canary Islands GDP is forecast to grow by 9.3% this year

The islands will be the region of Spain with the biggest growth in 2022 thanks to the recovery of tourism...

Alleged Tenerife scammer Mukesh Daswani arrested in the United Arab Emirates
Alleged Tenerife scammer Mukesh Daswani arrested in the United Arab Emirates

There is a warrant for his arrest and deportation issued by a Santa Cruz Court for a 4-million-euro Tradex scam…

New campaign for the 'anti-aging' effect of the Canary Islands
New campaign for the 'anti-aging' effect of the Canary Islands

The Ministry of Tourism is aiming to attract more visitors over 55 years old from nine European markets including the UK...

New visa is being launched to make it easier to work in Spain
New visa is being launched to make it easier to work in Spain

The ‘Digital Nomad Visa’ is soon to be available to non-EU citizens who want to live in Spain...

Foreigners have bought half of the properties sold in the Canary Islands this year
Foreigners have bought half of the properties sold in the Canary Islands this year

Property purchases by foreigners increased by almost 90% in the first half of this year on the islands...

Russia and Morocco agree to install a nuclear power plant 400km from the Canary Islands
Russia and Morocco agree to install a nuclear power plant 400km from the Canary Islands

The two countries have formed a collaboration treaty to produce energy "for peaceful purposes" on the Atlantic coast…

The trail of the 136 million timeshare debt in the south of Tenerife is lost in tax havens
The trail of the 136 million timeshare debt in the south of Tenerife is lost in tax havens

A web of offshore companies, most of them from the British Virgin Islands, received funds from the now bankrupt companies...

Bar causes controversy by charging people 1.50 euros if they don’t buy anything
Bar causes controversy by charging people 1.50 euros if they don’t buy anything

The owner says ‘if they are occupying a seat, there is a charge’, and that most people are accepting it...

Tenerife timeshare bankruptcy leaves 1,500 tourists penniless
Tenerife timeshare bankruptcy leaves 1,500 tourists penniless

They have left debts of 136 million euros and most of the people affected are British or German...

A busy winter is forecast as holiday bookings increase by 12% in a week
A busy winter is forecast as holiday bookings increase by 12% in a week

Hoteliers are optimistic and predict a 90% occupancy rate up until Christmas and New Year...

Choosing the right insurance policy, are you paying for what you actually need?
Choosing the right insurance policy, are you paying for what you actually need?

Liberty Seguros have personalised products and great offers to meet customers' real needs!

AENA extends incentives to airlines to encourage more passengers to Spain
AENA extends incentives to airlines to encourage more passengers to Spain

They have paid out over 100 million euros to help boost travel and tourism recovery after the pandemic...

Green light for construction of a new 4-star hotel in the south of Tenerife
Green light for construction of a new 4-star hotel in the south of Tenerife

The new 292-bed complex is planned for development in San Miguel de Abona...