The EU economy and the eurozone grow by 0.3% in the first quarter, driven by consumption and exports The economies of the eurozone and the European Union (EU) grew by 0.3% in the first quarter of 2024, according to preliminary estimates published today by Eurostat, the EU’s statistical office. This growth is mainly due to […]
GDP up by 0.3% and employment up by 0.3% in the euro area Read More »
Unemployment in the Canary Islands reaches 2008 levels with a drop of 1,400 people in May Figures from ISTAC reveal that registered unemployment in the Canary Islands stood at 166,064 people in May 2024, the lowest since 2008. This reduction is due to a series of monthly decreases since April 2022, when unemployment fell below
The registered unemployment decreased by 1,400 people in the month of May Read More »
HiperDino: A Cornerstone of the Canary Islands Economy HiperDino, the leading supermarket chain in the Canary Islands and the only 100% regional one, consolidates its position as an economic and social driver of the archipelago. With a contribution of 2.58% to the GDP of the Canary Islands in 2023, the company becomes a key player
HiperDino contributes 2.58% to the GDP of the Canary Islands Read More »
Expectations turn less positive he latest figures from Eurostat, the statistical office of the European Union, paint a mixed picture of the eurozone and EU economy. While there are positive signs in terms of growth, production and employment, expectations for the future are becoming less positive. Key points: Inflation stabilized: The inflation rate as measured
Inflation in Spain continues its upward trend The annual rate of change of the Consumer Price Index (CPI) in the Canary Islands experienced a slight decrease in April 2024, standing at 3.3%, two-tenths lower than the figure for the previous month (3.5%). This figure matches the national average, which also stood at 3.3%. Despite this
The annual variation of the CPI in the Canary Islands stands at 3.3% in April 2024 Read More »
Limited liability companies remain the most popular in the Canary Islands. Limited liability companies continue to be the most chosen legal form for the creation of businesses in the Canary Islands. Companies might be opting for simpler and less costly legal forms, such as limited liability companies, to reduce their risks. Despite the slight decline,
Championship FRONTENIS X3 FIESTAS EL MOLAR 2024 Last Saturday, May 4, 2024, we celebrated our traditional championship of the patron saint festivities with Pre-Olympic ball X3. There was a high level of play and some very interesting matches. Here is the podium: CHAMPIONS Hugo León and Fran Girón RUNNERS-UP Alberto Sánchez, Diego Arellano, and Dani
The unemployment rate slightly increases in April The Canary Islands Institute of Statistics (ISTAC) released unemployment data for the Canary Islands for April 2024. The figures show a slight increase in unemployment compared to the previous month, with 2,424 more people unemployed, bringing the total number to 167,468. Despite this small uptick, the comparison with
Unemployment in the Canary Islands rises in April, but remains below 2023 levels Read More »
Exports and imports are growing at a moderate pace Spain’s Gross Domestic Product (GDP) expanded by 0.7% in the first quarter of 2024 compared to the previous quarter, according to seasonally adjusted data from the National Institute of Statistics (INE). This rate remains similar to that registered in the last quarter of 2023. Domestic demand
Spanish Economy Grows 0.7% in Q1, Driven by Domestic Demand Read More »
