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The building industry is heading upwards again!

THE Bank of Spain issued a heartening message to the Spanish construction industry this week. Foreign investment in bricks and mortar there is back with a vengeance, with overseas buyers spending 32.8% more on property in Spain during the first six months of 2011, against last year’s figures, with a total spend of 2.445 billion […]

Mobiles at sixes and sevens

SUCH is the high demand for Spanish mobile telephone numbers that network providers are running short of those starting with the figure 6. At the moment, all numbers have nine digits – always beginning with 6 – but the first numbers ever to start with 7 are now upon us. The Telecommunications Market Commission (CMT) […]

Tesco reveals worst performance in 20 years

Britain’s biggest supermarket Tesco has reported its worst performance in 20 years with another fall in sales in its half-yearly results. Like-for-like sales excluding VAT and petrol have declined by 0.5% in the UK in the first half of this year – compared to a 1.9% increase from its rival Sainsbury’s. It is Tesco’s first […]

Benefits of our Special Zone

THE Canary Islands’ special zone (ZEC) is a low-taxation incentive for companies which qualify under certain criteria. The ZEC operates under the (REF) Economic fiscal (tax) regime. The REF is a special economic framework, created especially for the Canaries, which operates under the authority of the EU. Its specific purpose is to promote social, economic […]

Our ex-landlord refuses to return deposit

I have just read your article in the Canarian Weekly and was hoping you could give me some advice. I have a problem regarding the return of my deposit for a rental property in Lanzarote. My partner and I left the property in June and we are still awaiting the return of our deposit. The […]

Must I blow the whistle?

MANY people have asked me about the breathalyser test – the “right of not blowing” – when stopped by the Traffic Authority under suspicion of driving-driving. Originally, it was said that if I have the right not to declare against myself, I have the right of not blowing through the “whistle”. The breath test over […]

Los Cristianos ‘Exposaldo’

The enrollment period for businessmen and traders to participate in ‘Exposaldo Los Cristianos’ is open. The initiative in partnership with the municipality of Arona will be held between the 15th and 16th October on the promenade of the popular tourist destination. It is open to al those businesses in Arona that need to liquidate their […]

The key to economic recovery?

AT a recent dinner, the conversation changed from the usual, “How’s the family and how was your summer holidays”? to focusing on the current recession (actually a depression, but more about that later). The recession is a topic everyone has an opinion about, and everyone has a solution, if only those idiot bankers and politicians […]

Shocking problems caused by debtors in your Communities

I HAVE received an email with a very interesting and serious question from the representative of one Community of Owners. Although I have replied personally, I believe it would be interesting to share with readers the summary of the email and my opinion. Dear Mariano, I live on a community which is in debt because […]

Telefonica’s digital London base

TELECOMMUNICATIONS giant Telefonica is planning to strengthen its digital business, and blend the Spanish operation into its European division. Company chairman César Alierta says Telefonica will open a new London headquarters for the digital expansion, with sub-offices in Madrid, Sao Paulo, Silicon Valley and other strategic Asian sites. Six years ago, Spanish income for the […]

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