business

Compensation awarded to Tenerife tourists sold investments in tax havens
Compensation awarded to Tenerife tourists sold investments in tax havens

The first court sentence of this kind in January has ordered the return of investor’s money plus costs and interest...

Aena charges 100% rent to airport shops and restaurants after no reduction agreement
Aena charges 100% rent to airport shops and restaurants after no reduction agreement

Aena has kept their word after offering two different proposals to help with payments, which were rejected as being "unaffordable" by tenants… Rental agreements are worth 1.2 billion euros a year in airports…

Hoteliers believe that Easter ‘may be a good time to get back to work’
Hoteliers believe that Easter ‘may be a good time to get back to work’

CEHAT say: "No wave has been caused by tourism and there have been no outbreaks attributable to any hotel facility"

Almost 10,000 people lost their jobs in January in the Canary Islands
Almost 10,000 people lost their jobs in January in the Canary Islands

There are currently 279,230 people unemployed in the Islands and 12,349 less contributors to Social Security when autonomos are taken into account...

Government approves another 9 month moratorium for mortgages and loans
Government approves another 9 month moratorium for mortgages and loans

According to the latest data from the Bank of Spain, Spanish financial institutions granted 1.3 million moratoriums at the end of December to those affected by the coronavirus crisis, with a value of 54 billion euros…

Hospitality and tourism aid plan grants will vary between 3,000 and 15,000 euros
Hospitality and tourism aid plan grants will vary between 3,000 and 15,000 euros

This aid is non-repayable grants directly to the sector, and is being fast tracked to help people quickly...

Easter could mean the restart of national tourism
Easter could mean the restart of national tourism

The Minister of Tourism says that there is traditionally an influx of national tourists from the mainland to the Canaries at Easter, and that should be the same this year as long as health protocols allow...

Property prices have only dropped 6% in the Canary Islands during Covid
Property prices have only dropped 6% in the Canary Islands during Covid

Rents have only fallen by 10% even though there are 7,000 apartments that have gone from tourist to residential rentals... There is only an average of 6% decrease in sales prices...

New benefits for the self-employed are available from Monday
New benefits for the self-employed are available from Monday

If you are self-employed and haven’t received any help from the Government, now is the time to speak to your gestor... Benefits that weren’t available before are now available that will help an extra half a million people... here are the details...

Covid testing centres are going in five Canary Island airports
Covid testing centres are going in five Canary Island airports

Aena has awarded space for the Covid test centres in departure areas of five Canary Islands airports… The contract is for 6 months with the possibility of extension until December 31st 2021…

British tourists will ‘pour back in to Spain’ when they are allowed too
British tourists will ‘pour back in to Spain’ when they are allowed too

The director of the Spanish Tourism Office in London believes that "recovery will be quicker than people are predicting"...

Brits now need permission from Ministry of Defence to buy property in the Canaries
Brits now need permission from Ministry of Defence to buy property in the Canaries

Britons status as ‘third country foreigners’ after Brexit means they need prior military authorization as the Canary Islands are areas of interest for national defence…

52,000 new jobs expected in next two years with full recovery by end of 2022
52,000 new jobs expected in next two years with full recovery by end of 2022

The Canary Islands will create 52,000 jobs between this year and next, and will recover to pre-Covid levels in 2022...

Latest updates for TUI, easyJet, Ryanair and Jet2 as UK restrictions ramp up
Latest updates for TUI, easyJet, Ryanair and Jet2 as UK restrictions ramp up

Airlines have been forced to cancel and amend itineraries in recent weeks amid increased travel restrictions... here are the latest updates for Ryanair, TUI, easyJet and Jet2...

Canarian Carolina Darias is confirmed as new Minister of Health for Spain
Canarian Carolina Darias is confirmed as new Minister of Health for Spain

As expected Carolina Darias has officially been confirmed as the new Minister of Health for Spain replacing Salvador Illa, who has stepped down to run in the Catalan elections…

OFFICIAL: ERTE is extended until May 31st
OFFICIAL: ERTE is extended until May 31st

The central government has given the green light to the extension of the ERTE until May 31st…The new rule simplifies the procedure to extend them, so that no new application is needed…

The Canary Islands were the leading destination for tourists in December
The Canary Islands were the leading destination for tourists in December

The Canary Islands were the leading tourist destination in Spain in December, despite hotel stays being down by 82.8% compared to 2019...

UK doctors urge shorter gap between vaccine doses
UK doctors urge shorter gap between vaccine doses

The UK currently allows up to 12 weeks between the two doses of the Pfizer vaccine, twice as long as the gap recommended by its producers and the World Health Organization...

Government allocates 400 million euros of aid to sectors most affected by the pandemic
Government allocates 400 million euros of aid to sectors most affected by the pandemic

This money will be used to grant direct aid and for tax deferrals for hospitality, shops, and gyms…

Canary Islands to announce "important aid" for hospitality and tourism businesses
Canary Islands to announce "important aid" for hospitality and tourism businesses

Help for bars, restaurants and tourist businesses will be announced today... The aim is for the aid packages reach small businesses as soon as possible, as they are the ones suffering the most during the pandemic...