News

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 […]

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

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

Women and young people lead the growth, but overqualification remains an issue in some countries The EU labour market continues to show a positive trend, with the employment rate reaching a record high of 75.5% in 2023, according to the latest figures from Eurostat. This translates to over 195 million people in the 20-64 age

The data is positive, but there is still a way to go to reach the national average The Canary Islands Institute of Statistics (ISTAC) released data from the Registered Labor Force Survey (EPA) for the first quarter of 2024, showing a 1% increase in the active population in the Canary Islands compared to the previous

The business activity falls in February The turnover of Spanish non-financial companies fell 1.9% in February compared to the same month of the previous year, according to provisional data published by the National Institute of Statistics (INE). After eliminating seasonal and calendar effects, the annual growth rate remains negative, standing at -1.9%. However, the original

Slight increase in business confidence in the Canary Islands: sign of recovery or mirage? Business confidence in the Canary Islands experienced a slight increase in the second quarter of 2024, as reported by the Canary Islands Institute of Statistics (ISTAC). The Harmonized Business Confidence Index (ICEA) reached 134.5 points, representing a 0.3% increase compared to