Car registrations are on the rise again in the Canary Islands. On one island, the figure rose by 163 per cent. We take a closer look.
The economy of the Canary Islands
The Canary Islands‘ economy is fragile. Unemployment is correspondingly high. Below you will find the latest economic news from the Canary Islands:
Tomato growers in the Canary Islands were paid just 1.06 euros per kilo in June. That is 39.8 per cent less. Potatoes have become more expensive.
Diesel is becoming increasingly expensive in the Canary Islands, whilst the price of petrol remains consistently high. There are significant price differences between the islands.
The housing crisis in the Canary Islands is, in part, a home-grown problem. Slower processing of building permits is no longer expected to hold things up in future.
Inflation in the Canary Islands has reached 3.4 per cent. The price index rose to 103.62 points. This has consequences for residents and tourists.
Steaks could become scarce in the Canary Islands. The western islands are experiencing a 'meat shortage'. Here are the reasons why.
The Economy of the Canary Islands
All the key business news from the Canary Islands can be found here.
1.8 billion euros are being invested in the Canary Islands' airports. Politicians are celebrating. Instead, criticism of Aena would be warranted.
Whilst it may be in keeping with the spirit of the times, not every misstep can be put down to tourism. A bit of self-criticism would be in order.
Tenerife has lost three long-established venues in one go. The Café de Paris, El Pingüino and the Columbus Plaza have all closed their doors.
Further important information on the following topics
- Property in the Canary Islands
- Tourism in the Canary Islands
- Inflation in the Canary Islands
- Political news from the Canary Islands
When it comes to investment, the Canary Islands are quick to make demands. But please, let's do that somewhere else.
The Canary Islands and the US shopping capital will retain their direct flight. Tenerife South and New York will therefore remain connected.
70 campers have blocked a popular road on La Palma. Here's what it looked like and what's behind the protest.
Derzeit beliebt:
Are you thinking of moving to the Canary Islands? Our expert explains what you need to bear in mind to avoid a rude awakening.
The restaurant scene on Tenerife is becoming increasingly successful. Two establishments have joined the exclusive ranks of Michelin-starred restaurants.
The Taoro Hotel in Tenerife once hosted exclusive guests. Then things went quiet around the prestigious building in Puerto de la Cruz. Until now.
The consumer price index in the Canary Islands is once again close to the ECB's target. Here are the reasons - and the outlook.
Uber, the taxi alternative, is launching in the Canary Islands. Initially, the ride-hailing service will be available in parts of Tenerife. The plan is to expand from there.
Timeshare sounds like an attractive alternative to buying. Or so it seems. Because the devil is in the detail. That's what consumer protection organisations say.
Petrol has become cheaper again in the Canary Islands. Here are the current price and the forecast for future trends.
The project has been doing the rounds for decades. Now Tenerife is getting serious about it. Millions are to be invested in a racetrack.
Tenerife is heavily reliant on tourism. The economic crisis hit the island hard. But things are looking up again now. All the details.
The Economy of the Canary Islands
The Canary Islands are heavily dependent on tourism. At around 40 per cent, the islands‘ gross domestic product depends largely on the tourism sector. Another important sector of the economy is agriculture. You can find all the economic news from the Canary Islands on these and other topics at the top of this page.