business

Second-hand car sales fell by 7.1% in the Canary Islands in March
Second-hand car sales fell by 7.1% in the Canary Islands in March

In total there has been a drop of 2.1% in the first quarter of the year…

Petrol stations receive notification for money being returned for fuel discount
Petrol stations receive notification for money being returned for fuel discount

Owners are pleased that the Government have acted so quickly as many don’t have funds to subsidise it after the pandemic...

Pedro Sanchez invites Elon Musk to invest in solar energy in Spain
Pedro Sanchez invites Elon Musk to invest in solar energy in Spain

This is in reply to Musk’s tweet saying that Spain should build “a massive solar park to supply energy to all of Europe”...

Unemployment in the Canary Islands drops to lowest level since 2008
Unemployment in the Canary Islands drops to lowest level since 2008

The hospitality industry sees the highest increase in the number of people employed after the sixth wave of Covid...

The price of electricity will increase by more than 10% today
The price of electricity will increase by more than 10% today

Compared to just a year ago, the pool price for today will be 808% higher than the 27.74 euros/MWh on April 4th 2021...

The Canary Islands foresee a busier but more expensive Easter than 2019
The Canary Islands foresee a busier but more expensive Easter than 2019

There is a 9% increase in holiday prices due to rising costs, which is still lower than the 13% in the rest of Spain...

Cepsa increases fuel discount to 30 cents per litre with loyalty scheme
Cepsa increases fuel discount to 30 cents per litre with loyalty scheme

Private customers can get an extra 10 cents per litre of all fuels, and commercial businesses another 30 cents off...

New luxury hotel and golf course in south Tenerife given the green light
New luxury hotel and golf course in south Tenerife given the green light

This will be the first resort in the Canary Islands designed by Norman Foster, and has been approved by the Guia de Isora City Council…

The Canaries are the top destination in Spain for holidaymakers staying in apartments
The Canaries are the top destination in Spain for holidaymakers staying in apartments

There were 1.8 million overnight stays in apartments in February at an occupancy rate of 73.6%...

Petrol stations fear bankruptcy as they have to fund and claim back new discount
Petrol stations fear bankruptcy as they have to fund and claim back new discount

They expect an "avalanche" of sales as people have been waiting for the 20c per litre discount which starts today...

Inflation reaches historical high in Spain due to the war in Ukraine
Inflation reaches historical high in Spain due to the war in Ukraine

Economists say that 73% of this rise is due to the impact of the conflict on the prices of energy and unprocessed food...

Discount on fuel prices start tomorrow in Spain, and this is how it will work
Discount on fuel prices start tomorrow in Spain, and this is how it will work

The government is taking measures to prevent petrol stations from increasing prices before the discount comes into effect…

Supermarkets are now allowed to limit purchases if there is a risk of shortages
Supermarkets are now allowed to limit purchases if there is a risk of shortages

Stores will be able to set the maximum number of units of a product that each customer can buy…

Intense rain and fog has caused flight cancellations, diversions and delays
Intense rain and fog has caused flight cancellations, diversions and delays

Only domestic flights are affected at the moment, as Binter ask customers to check the status of their flight...

Canary Islands transport companies accept 99.9% drop in fuel tax to avoid strike
Canary Islands transport companies accept 99.9% drop in fuel tax to avoid strike

Treasury will return the tax to them until July 31st backdated from March 1st, to combat price increases...

TUI predict record tourist figures in the Canary Islands this summer
TUI predict record tourist figures in the Canary Islands this summer

The tour operator expects to bring 1.3 million tourists with a 20% increase in spending to the islands...

The Canary Islands has biggest increase in flight seats for Summer in all of Spain
The Canary Islands has biggest increase in flight seats for Summer in all of Spain

There are 9% more flight seats available than in summer 2019; figures don’t include any flights from Russia or Ukraine...

New mobile phone scam using Banco Santander to steal your card details
New mobile phone scam using Banco Santander to steal your card details

Phishing cases have skyrocketed in the last couple of years, especially email scams with the volume of remote workers…

Big companies warn that production will stop if transport strike continues
Big companies warn that production will stop if transport strike continues

Large companies, including Danone, Heineken, and San Miguel say they can’t get raw materials to make their products...

Petrol and diesel prices expected to increase by up to 10 cents a litre today
Petrol and diesel prices expected to increase by up to 10 cents a litre today

This will take price increases to 50% in some cases since the start of the year in the Canary Islands...