The number of unemployed people in the Canary Islands stands at 285,000, (32%) and may reach 300,000+ by mid summer 2012, representing nearly 37% by some estimates
Whilst prospects for the Island economy remain static for the next 4 months October should see some seasonal improvements
Rebranding program starts here
The Olympics in London are likely to reduce visitors from the U.K according to the some sources, however the effects are not expected to last past August
With increasing market fears about the Spanish economy many are predicting increased internal tensions over the summer as cutbacks take effect
Spain moves to the right after General Election 20th of November 2011
The Canary Islands accounted for just under 22% of all of the foreign tourist spending in Spain in the first six months of this year 2011
Up just under 15% for the Canary Islands from last year and helping to boost the entire Spanish economies Tourist Spending figures by over 8.5%!
The United Kingdom provided the biggest overal contribution although the Norweigans were the biggest spenders, 117 euros per day companired to the Brits 85 euros per day.
Is the best time to buy gold is near?
2011 saw 11% more air passengers
AENA reported that all the Canary Island Airports saw increases in double figures putting the numbers back to 2007 levels
Ricardo Fernandez (Tourism) believes the Canaries can maintain these good results for occupancy and tourist spending for 2012.
Back from the Future, Las Palmas looks back from 2066
House prices fall 17%+
2011 saw house orices fall by over 17% following the 2004-2008 easy credit period when they went up by 45%
Double Pressure on Spanish Banks
Falling value of housing stock assets and and workforce struggling to pay debts
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Top 10
Housing prices dropping as Spain enters another recession; as the Spanish Banks are obliged to sell their stocks smart buyers are ready to grab some upcomming bargins
Today 2012 one year later, how has the Jobs Market in Spain changed?
Tourismo Canarias
German accounted for 16.5% of the total spending tourist expenditure, which itself saw a rise of 3.9% across Spain in Feb 2012
With most of the spending in February 2012 concentrated in the Canary Islands, the United Kingdom accounted for 423 million euros of spending,
The Nordic countries increased their spending in February 2012 with sandinavian tourists accounting for 4.8% equating to 376 million euros
Key points of Rahoy Package
■Ministries' budgets cut by up to 50%
■Civil servants' wages frozen
■Electricity bills up 7% and gas up 5%
■Unemployment benefit frozen
■No rise in VAT
■Pensions to rise in line with inflation
■Corporation tax revenue to rise by reducing deductions companies can make
■Amnesty on tax evasion in return for 10% fee
Time to buy Spainish Debt
Spain owes the U.K. about 100bn Euro.
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Economic Comparison:
Tourism GDP per capita 600% greater for Canarians than Madird
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World Stock Market Data LIVE
Spanish Stockmarket Madrid "La Bolsa"
Social networking
Canary Islands lagging behind mainland in social networking. just under 50% compaired with the mainlands close 70% figure
Canry Islands get biggest website
Canary Islands has several well known Websites, we reckon some of the biggest have around 8,000 pages online
Check back here in a week or two for a new site with 800,000 pages.
More low cost flights
Canary Islands, on of the big low cost flight destinations with more low-cost flights in May than ever before.
Canary Islands, Balearic Islands, Catalonia, Andalusia and Valencia are the regions that have focused more flights of low cost airlines in May, including cornering 86.3% of the total registered in the country
Judges for the candidates for 2016 European City of Culture arrived in Las Palmas.
Spanish Billionaires
Spains rich list, movers and shackers
Will Spain leave the Euro?.
With the potential of the ECB not revising the inflation target up to between 3-4% Spain may be forced to consider introducing a new pesata which would be backed by the Spanish Banks, a realistic option for the Spanish economy. The Spanish goverment has a realtively low debt levels compaired to e.g. Germany's 79% of GDP, Spains public debt to GDP is put at 67% at the start of 2012, the best in Europe.
Germany issues special warning about superglue
Local Banks sign pack to start lending to hotels for renovation