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Why Sell into Canary Islands?
The Canary Islands is a Spanish archipelago in the Atlantic Ocean, in a region known as Macaronesia. They are the southernmost of the autonomous communities of Spain, and are located in the African Tectonic Plate. The archipelago is economically and politically European, and is part of the European Union. Because of their location, the Canary Islands have historically been considered a bridge between the four continents of Africa, North America, South America, and Europe. The economy is based primarily on tourism, which makes up 32% of the GDP. The Canaries receive about 12M tourists per year. Construction makes up nearly 20% of the GDP and tropical agriculture, primarily bananas and tobacco, are grown for export to Europe and the Americas.
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Canary Islands 2022 | countryeconomy.com
- Countries data: Demographic and economy
- Autonomous communities of Spain
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SpainAndalusiaAragonAsturiasBalearic IslandsBasque CountryCanary IslandsCantabriaCastile and LeónCastilla La ManchaCataloniaCeutaComunidad ValencianaEstremaduraGaliciaLa RiojaMadridMelillaMurciaNavarre
SpainAndalusiaAragonAsturiasBalearic IslandsBasque CountryCanary IslandsCantabriaCastile and LeónCastilla La ManchaCataloniaCeutaComunidad ValencianaEstremaduraGaliciaLa RiojaMadridMelillaMurciaNavarre
Canary Islands
- Capital: Santa Cruz de Tenerife – Las Palmas de Gran Canaria
- Population: 2,252,465
- Surface Area: 7,447 km2
- Current Government:
Canary Islands, is a autonomous community of Spain, it has an area of 7,447 Km2, so it is one of the smallest autonomous communities in Spain.
Canary Islands, with a population of 2,252,465 people, it is ranked at 7th position by population of 19 autonomous communities and it has a high population density, with 302 people per km2.
Canary Islands is holding the 9 position by nominal GDP, it was worth 39,163 millions of euros39,163 millions of dollars in 2020, and the GDP per capita was €17,448$19,931.
Its debt in 2021 was 6,434 millions of euros7,609 millions of dollars, (15.3% debt-to-GDP ratio) and its public debt per capita was €2,856 euros per inhabitant$3,378 dollars per inhabitant.
The last annual rate of CPI published in Canary Islands was on August of 2022 and it was 9.5%.
In the tables at the bottom of the page, you can see more information about the economy and demography of Canary Islands, if you want to see information about other autonomous communities click economy of the autonomous communities of Spain
Santa Cruz de Tenerife – Las Palmas de Gran Canaria: Monthly Temp.
Santa Cruz de Tenerife – Las Palmas de Gran Canaria: Monthly Rainfall
Canary Islands Economy
Gouvernement | ||
Annual GDP [+] | 2020 | €39,163M |
Annual GDP [+] | 2020 | $44,732M |
GDP per capita [+] | 2020 | €17,448 |
GDP per capita [+] | 2020 | $19,931 |
Debt (M.€.) [+] | 2021 | 6,434 |
Debt ($M) [+] | 2021 | 7,609 |
Debt (%GDP) [+] | 2021 | 15.30% |
Debt Per Capita [+] | 2021 | €2,856 |
Debt Per Capita [+] | 2021 | $3,378 |
Deficit (M. €) [+] | 2021 | 210 |
Deficit ($M) [+] | 2021 | 248 |
Deficit (%GDP) [+] | 2021 | 0.50% |
S&P Rating [+] | 09/25/2019 | A |
Fitch Rating [+] | 04/20/2018 | BBB |
Labour | ||
Unemployment rate [+] | 2022Q2 | 17.8% |
Unemployed [+] | 2022Q2 | 205K |
Markets | ||
US Dollar exchange rate [+] | 09/16/2022 | 1.0046 |
Prices | ||
CPI (overall index) [+] | August 2022 | 5″>9.5% |
PPI Year on Year [+] | December 2017 | 1.0% |
Money Market | ||
Key rates [+] | 09/14/2022 | 1.25% |
Business | ||
Doing Business [+] | 2015 | 12º |
Passengers vehicles Year [+] | June 2019 | 19,216 |
Annual Vehicles/ 1,000 p. [+] | October 2018 | 22.39 |
Taxes | ||
Top tax rate + SSC [+] | 2021 | 49.5% |
Trade | ||
Annual arrivals [+] | 2021 | 5,258,729 |
Exports [+] | 2019 | 4″>€2,674.4M |
Exports [+] | 2019 | $2,993.9M |
Exports % GDP [+] | 2019 | 5.63% |
Imports [+] | 2019 | €3,548.2M |
Imports [+] | 2019 | $3,972.2M |
Imports % GDP [+] | 2019 | 7.47% |
Trade balance [+] | 2019 | €-873.9M |
Trade balance [+] | 2019 | $-978.3M |
Trade balance % GDP [+] | 2019 | -1.84% |
Retail Sales YoY [+] | July 2022 | 3.4% |
Socio-Demography | ||
Density [+] | 2021 | 302 |
Crude divorce rate [+] | 2020 | 78″>1.78‰ |
Birth Rate [+] | 2021 | 5.66‰ |
Crude death rate [+] | 2021 | 7.65‰ |
Fertility Rate [+] | 2021 | 0.86 |
Crude marriage rate [+] | 2021 | 2.98‰ |
% risk of poverty [+] | 2021 | 28.4% |
Population [+] | 2021 | 2,252,465 |
HDI [+] | 2015 | 0.855 |
Life expectancy [+] | 2021 | 82.47 |
Suicides [+] | 2020 | 208 |
Suicide rate [+] | 2020 | 27″>9.27 |
Others | ||
COVID-19 – Deaths [+] | 09/15/2022 | 2,064 |
COVID-19 – Confirmed [+] | 09/14/2022 | 442,547 |
Fully vaccinated [+] | 09/14/2022 | 1,769,552 |
COVID-19 – Deaths per million population [+] | 09/15/2022 | 916.33 |
Doses administered [+] | 09/14/2022 | 4,197,865 |
Resultados Electorales de Canary Islands
Canary Islands | OEC – The Observatory of Economic Complexity
About
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Overview This page contains the latest international trade data for Canary Islands. In April 2022 Canary Islands was the number 16 in total exports and the number 13 in total imports in Spain.
Exports In 2021, Spain’s Canary Islands exported €1.73B, making it the 16th largest exporter out of the 18 exporters in Spain. In 2021 the top exports of Canary Islands were Light petroleum distillates nes (€925M), Perfumes and toilet waters (€67.9M), Other Aircraft parts (€47.5M), Cartons, boxes & cases, of corrugated… (€29.3M), and Cigars, cheroots and cigarillos, containing tobacco (€20.5M).
Imports In 2021, Spain’s Canary Islands imported €2.7B, making it the 13th largest importer out of the 18 importers in Spain. In 2021 top imports of Canary Islands were Light petroleum distillates nes (€245M), Small Sized Cars (€150M), Micro Cars (€77.4M), Coal tar distillation products nes (€72.7M), and Fixed wing aircraft, unladen weight >… (€71.1M).
Economic Complexity In 2020, the highest complexity exports of Canary Islands according to the product complexity index (PCI) are Corrugated Paper (-0. 11), Perfumes (-0.13), Paper Containers (-0.48), Netting (-0.7), and Rolled Tobacco (-0.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Latest Trends
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April, 2022
About
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Overview In April 2022 Canary Islands exported €239M and imported €291M, resulting in a negative trade balance of €51.9M. Between April 2021 and April 2022 the exports of Canary Islands have increased by $102M (74.3%) from €137M to €239M, while imports increased by €113M (63.1%) from €179M to €291M.
Trade In April 2022, the top exports of Canary Islands were Refined Petroleum (€98.1M), Commodities not elsewhere specified (€51.6M), Iron Chains (€13.4M), Coal Tar Oil (€8.11M), and Planes, Helicopters, and/or Spacecraft (€4.77M). In April 2022 the top imports of Canary Islands were Cars (€56.7M), Poultry Meat (€9. 29M), Electric Generating Sets (€7.73M), Insulated Wire (€5.63M), and Delivery Trucks (€5.5M).
Destinations In April 2022, Canary Islands exported mostly to World (€164M), Mauritania (€14.7M), France (€11.5M), Belgium (€8.19M), and Netherlands (€5.06M), and imported mostly from Germany (€61.6M), Netherlands (€27.1M), Italy (€22.5M), China (€20.5M), and France (€14.1M).
Growth In April 2022, the increase in Canary Islands’s year-by-year exports was explained primarily by an increase in exports to Senegal (€8.23M or 145%), France (€4.66M or 136%), and United States (€1.42M or 145%), and product exports increase in Excavation Machinery (€1.52M or 269%), Aircraft Parts (€1.39M or 54.2%), and Insulated Wire (€1.13M or 3.6k%). In April 2022, the increase in Canary Islands’s year-by-year imports was explained primarily by an increase in imports from Turkey (€673k or 36%), Yemen (€585k or 303%), and Slovenia (€571k or 871%), and product imports increase in Machinery Having Individual Functions (€1. 14M or 331%), Laboratory Reagents (€989k or 343%), and Gold (€618k or 134k%).
Latest Data
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Time Scale
Flow
Value
Depth
This section shows exports and imports data at subnational level for Canary Islands. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Canary Islands over time.
For full datasets download visit Bulk Download page.
Go to Bulk Download
Historical Data
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Yearly Exports
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Value
Compare to
Depth
Yearcaret-down202120202019201820172016201520142013201220112010
In 2021 the top export destinations of Canary Islands were World (€1.04B), France (€82.3M), Netherlands (€59.7M), Germany (€41.5M), and Mauritania (€41.4M).
In 2021 the top exports of Canary Islands were Light petroleum distillates nes (€925M), Perfumes and toilet waters (€67. 9M), Other Aircraft parts (€47.5M), Cartons, boxes & cases, of corrugated… (€29.3M), and Cigars, cheroots and cigarillos, containing tobacco (€20.5M).
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Exports Dynamics
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Starting Datecaret-downApr 2022Mar 2022Feb 2022Jan 2022Dec 2021Nov 2021Oct 2021Sep 2021Aug 2021Jul 2021Jun 2021May 2021Apr 2021Mar 2021Feb 2021Jan 2021Dec 2020Nov 2020Oct 2020Sep 2020Aug 2020Jul 2020Jun 2020May 2020Apr 2020Mar 2020Feb 2020Jan 2020Dec 2019Nov 2019Oct 2019Sep 2019Aug 2019Jul 2019Jun 2019May 2019Ending Datecaret-downApr 2022Mar 2022Feb 2022Jan 2022Dec 2021Nov 2021Oct 2021Sep 2021Aug 2021Jul 2021Jun 2021May 2021Apr 2021Mar 2021Feb 2021Jan 2021Dec 2020Nov 2020Oct 2020Sep 2020Aug 2020Jul 2020Jun 2020May 2020Apr 2020Mar 2020Feb 2020Jan 2020Dec 2019Nov 2019Oct 2019Sep 2019Aug 2019Jul 2019Jun 2019May 2019
Yearly Imports
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Value
Depth
Compare to
Yearcaret-down202120202019201820172016201520142013201220112010
In 2021 the top import origins of Canary Islands were Germany (€373M), Netherlands (€296M), Portugal (€184M), Italy (€183M), and China (€171M).
In 2021 the top imports of Canary Islands were Light petroleum distillates nes (€245M), Small Sized Cars (€150M), Micro Cars (€77.4M), Coal tar distillation products nes (€72.7M), and Fixed wing aircraft, unladen weight >… (€71.1M).
Explore Visualizations
Imports Dynamics
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Starting Datecaret-downApr 2022Mar 2022Feb 2022Jan 2022Dec 2021Nov 2021Oct 2021Sep 2021Aug 2021Jul 2021Jun 2021May 2021Apr 2021Mar 2021Feb 2021Jan 2021Dec 2020Nov 2020Oct 2020Sep 2020Aug 2020Jul 2020Jun 2020May 2020Apr 2020Mar 2020Feb 2020Jan 2020Dec 2019Nov 2019Oct 2019Sep 2019Aug 2019Jul 2019Jun 2019May 2019Ending Datecaret-downApr 2022Mar 2022Feb 2022Jan 2022Dec 2021Nov 2021Oct 2021Sep 2021Aug 2021Jul 2021Jun 2021May 2021Apr 2021Mar 2021Feb 2021Jan 2021Dec 2020Nov 2020Oct 2020Sep 2020Aug 2020Jul 2020Jun 2020May 2020Apr 2020Mar 2020Feb 2020Jan 2020Dec 2019Nov 2019Oct 2019Sep 2019Aug 2019Jul 2019Jun 2019May 2019
Economic Complexity
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Economic Complexity of Canary Islands
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Economic Complexity (2021): -0. 28
Canary Islands ranks 14th out of the 18 autonomous communities in Spain according to ECI.
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
Estimated using exports data.
Discover Economic Complexity
Economic Complexity Ranking
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Value
The economic complexity of a territory can change year to year. Canary Islands it is in position 14th considering its ECI in the last year.
Discover Economic Complexity
Product Space
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RCA Filtercaret-downRCA > 0.25RCA > 0.5RCA > 0.75RCA > 0.8RCA > 0.9RCA > 1RCA > 2RCA > 3RCA > 4RCA > 5
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Canary Islands is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
Diversification Frontier
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Depth
Filter
The Complexity-Relatedness diagram compares the risk and the strategic value of a territory’s potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.
Undeterred by Omicron, Tourists Seek Sun in a Welcoming Spain
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For decades, Spain has been a prime destination for European snowbirds. Even as the Omicron variant spreads, the country is keeping its doors wide open to visitors.
Tourists watching the sunset from a vantage point on Lanzarote, one of the Canary Islands. Credit…Samuel Aranda for The New York Times
TAHICHE, Spain — Coronavirus infections were soaring in Spain, causing caseloads previously unseen in the pandemic. Intensive care unit beds were filling up in hospitals.
But that didn’t stop Tatjana Baldynjuk and Timur Neverkevits, a couple from Estonia, from buying plane tickets so they could visit the island of Lanzarote, a sunny outcrop dominated by volcanoes on the eastern edge of Spain’s Canary Islands archipelago.
“It was 100 percent easier to come here than many other countries,” said Ms. Baldynjuk, who works in freight logistics in Estonia.
More than half the people of Europe could be infected with the Omicron variant of the coronavirus by early March, according to the World Health Organization, and fear of its wild spread has led governments to differing responses. The Netherlands turned to a lockdown, which it has only now begun to ease slightly. Italy went as far as banning unvaccinated people from bars and public transport.
And while Spain, too, tightened some of its own rules in recent weeks, its message to tourists has remained largely the same as before the surge in cases: Please come.
A restaurant in southern Lanzarote. Credit…Samuel Aranda for The New York Times
Western European countries now have some of the highest infection rates in the world. In Spain, new cases rocketed from an average of fewer than 2,000 a day in early November to more than 130,000 daily in the past week.
But unlike some of its neighbors, Spain does not require a negative test to enter the country. Entering a restaurant remains as simple as ever in some parts of the country. In Madrid, unlike in Paris and Rome, one needn’t show proof of a vaccine, and the same remains true in many other regions.
Like other countries, Spain is trying to balance how much economic pain it can tolerate as it tries to keep its people safe. But here, memories of recent financial ruin are especially raw.
The Spanish economy contracted more than 11 percent in 2020 — the worst decline since the Civil War of the 1930s. And that came just over a decade after the economic crisis of 2008. That crash devastated a wide swath of the economy in the years that followed, leading to widespread unemployment and homelessness, with some of the hungry left to forage in trash bins for food.
Spain’s politicians are aware of what’s at stake in keeping the flow of visitors to the country, according to Manuel Hidalgo, an economics professor at Pablo de Olavide University in Seville.
“The tourist sector has an elevated importance now,” he said.
Before the pandemic, the tourism business accounted for roughly 12.4 percent of the country’s economic output — and Spain is eager to get the numbers up again, especially during the winter months when northern Europeans head south to escape the cold. More than 2.23 million people are employed in Spanish tourism, nearly 11. 8 percent of the country’s work force, a much higher figure than in neighbors like France, at 7.3 percent, or Germany, 8.4 percent.
Yet keeping the door open to visitors comes with risks that are well remembered in Spain. In 2020, eager to open to tourism and return to normal, Spain relaxed its restrictions before summer, helping trigger a deadly second wave of the coronavirus.
Tatjana Baldynjuk and Timur Neverkevits from Estonia said fewer Covid restrictions made it much easier to go to Lanzarote than many other places. Credit…Samuel Aranda for The New York Times
The number of international tourists fell from around 84 million in 2019, to roughly 19 million in 2020, a drop of more than 77 percent.
Spain’s government has said it has little interest in returning to the restrictions it imposed during the first wave in 2020, saying that with its successful vaccination campaign, the country has already taken the biggest measures it can toward curbing the impact of the virus.
Prime Minister Pedro Sánchez recently went a step further, saying that the country should accept that the virus had become a fact of life. “We are going to have to learn to live with it as we do with many other viruses,” he said.
Tourists on a guided tour inside the Timanfaya National Park, a volcanic area on the island of Lanzarote. Credit…Samuel Aranda for The New York Times
The island of Lanzarote, which sits 80 miles off the northwestern coast of Africa, offers a window into tourism where the coronavirus is accepted as endemic and the circulation of foreign visitors continues much as it did before the pandemic.
Its skies are dotted by planes filled with tourists arriving on direct flights from Manchester, Amsterdam and Düsseldorf. The warm weather means much of the island can be enjoyed outdoors, with no mask. Northern Europeans flock to wineries built along the black sides of volcanoes and bedecked in signs in German and English.
“This has to be the way ahead, Spain has to accept that the virus isn’t going away and that we need to continue on doing business,” said Juan Antonio Torres Díaz, who six months ago took over as the owner of Palacio Ico, a restaurant and hotel in the north of the island, betting that there would be a tourism recovery.
“Spain has to accept that the virus isn’t going away and that we need to continue on doing business,” said Juan Antonio Torres Díaz, a hotel and restaurant owner.Credit…Samuel Aranda for The New York Times
In other parts of the country, some say they are starting to see signs that foreign tourists, too, are learning to live with the virus.
Cristóbal Ruiz Mejías, a longtime waiter at Chinitas, an iconic cafe in the beach town of Málaga on the mainland, said he was not only seeing tourists return from France and Britain, but now from countries further afield like Argentina. He is also adapting to the changes to his work — such as asking for vaccine certificates before customers can be seated, something that is required in the Andalusia region where Málaga is located.
“It still bothers me to have to ask for them,” he said, adding that he worried that fear of the virus could drive off tourists and harm Málaga’s fragile recovery.
For Encarna Pérez Donaire, the owner of a small company that owns vacation rentals in Hornos de Segura, a village in southern Spain, the current approach is a welcome contrast to this time last year, when, with no vaccines available, shops and businesses in the region were not allowed to be open.
Tourists at the César Manrique Foundation on Lanzarote, a tourist site dedicated to the life and work of a local architect. Credit…Samuel Aranda for The New York Times
Now, about three quarters of her rooms have been occupied, she said. Her company has worked out protocols that tourists seem comfortable with, leaving rooms to air out a day between guests and leaving the keys in boxes to avoid contact with the property managers.
Ms. Pérez Donaire said the challenges now had less to do with government restrictions than with concerns about the new variant. “People want to go out, but with Omicron as contagious as it is, there were more cancellations,” she said.
And the open-door policy in Spain hasn’t been without its risks, a fact that tourists like Marian López, a Spanish online marketing professional, came to realize during a trip with her partner to Lanzarote island.
Before arriving on Jan. 7, the couple celebrated a dinner with family for Three Kings Day, a traditional holiday in Spain. They spent the first weekend visiting some of the island’s beaches, and then learned that one of the relatives at their holiday dinner had Covid-19. Then they, too, began to feel symptoms, including body aches and fever, and tests showed they had been infected, forcing them to isolate.
The warm weather means much of the island can be enjoyed outdoors, with no mask. Credit…Samuel Aranda for The New York Times
After their hotel reservation ran out, they had to scramble to find an apartment to stay in to wait out the rest of the mandatory isolation period of a week — all while getting more ill.
Ms. López, who also runs a travel blog called Travelanding, said she and her partner had joked before the trip that it might not be so bad if they were forced to work from the island if they got sick. Now they feel otherwise.
“When you’re sick,” she said, “it’s best to be at home.”
Nicholas Casey reported from Tahiche, and José Bautista from Madrid.
The Canary Islands, Spain’s paradise lost
Public workers in the Canary Islands protest against the government cuts to the public sector. Image: Juan Luis Martin. Some rights reserved.
Public workers in the Canary Islands protest against the government cuts to the public sector. Image: Juan Luis Martin. Some rights reserved.
Known as the “Fortunate Islands” to ancient
Romans and idealized throughout history by the likes of Homer and Shakespeare,
the Canary Islands boast a world-class reputation as a tourist destination and
host treasured second homes to many northern Europeans. For the local
population, however, the current economic crisis hitting the islands is rapidly
turning life in Spain’s Eden-like archipelago off the coast of Africa into an
unforgiving inferno.
The European Union’s ultra periphery
With a contracting economy and an active
population
jobless rate above 27 percent, the highest in the industrialized world,
Spain also ranks as the OECD nation which saw the greatest increases in
inequality between
2007 and 2010. As the country continues to sink into economic depression
and social impoverishment, these record numbers have long been surpassed in
some of its regions.
Such is the case of the Canary Islands, the
European Union’s outermost territory, where the current socioeconomic
indicators tell a story of imminent turmoil: a 38
percent poverty level, the highest in the country, and an unbridled 34
percent unemployment. Indeed, while last May’s more benign official poll
measuring registered unemployment showed a sixteen-year national drop, the
Canary Islands emerged as the only Spanish region where the number
of people registering for jobless benefits continued to
rise.
Child poverty and the ‘new poor’
As an estimated 26,000 Canary Islands
families have no income whatsoever and 24 percent of the local population (2.1
million) has received some form of assistance from the government’s social
services programmes in the past year, one of the most pressing issues
associated with the region’s economic downfall is the increase in child
poverty. According to UNICEF’s 2013 report on the Canaries, child poverty has
reached 29 percent. The report not only underlines the worrying hike in the
number of poor children (as many as 112,000 were recorded back in 2010), but
also that they are becoming poorer. These figures are best illustrated in the
islands’ public school dinners, where some 12,000 children were pulled out of
this service over the past year as their parents were no longer able to afford
it.
6-year-old María is one of those thousands
of children in the Canaries who are no longer able to pay for lunch at her
public school. She and her parents are experiencing an unimaginable path to
poverty that is becoming alarmingly common to the Canaries’ perishing middle
class: the islands’ so-called ‘new poor’.
María’s mother, Carolina (39), has worked
as an administrative assistant in the island of Gran Canaria for the past
thirteen years. Like the other 10,000 companies in the islands which have shut
down during the crisis, her employer’s business is now in the process of
closing shop. It’s been months since Carolina last received her 790 euro
monthly salary in full. Her last paycheck came in April, only days before her
company filed for voluntary bankruptcy, and all she received was half of her
salary. To make matters worse, her husband, Francisco (41), an unemployed sales
professional, has just exhausted his unemployment benefits. Currently, their
only means to make ends meet are Carolina´s mother and siblings.
“My mother lives on a small pension, and my
brothers have problems of their own, but without their help we would simply not
be able to eat,” Carolina explains. “It is all very difficult now. Our
situation seems to worsen by the day and it is very frustrating to spend money
on transportation to go to work without knowing when I’ll get paid.” Carolina,
like the other 200 employees at her workplace, hopes that her company´s legal
ordeal will pass soon and that they will get severance and unemployment
benefits without too much delay. “That way at least I´ll be able to spend time
trying to find a new job,” she explains.
For his part, Francisco continues his now
two-year long job search. He says he has sent hundreds of cv’s and that finding
a job and caring for his daughter at home has been his only occupation.
“The only jobs that are being offered,”
Francisco laments, “are for independent workers and commission-based.”
Candidates for such type of jobs must register as self-employed and cover the
monthly 260 euro Social Security tax, as well as job-related expenses such as
gasoline. “I simply have no means to commit to such jobs.”
Francisco underlines that he has not worked
once in the underground economy while receiving unemployment benefits, but he
does not discard the option. “If I have to go underground and do jobs here and
there to feed my family, I’ll do it.”
A recent study conducted by Visa
Europe estimates that Spain’s black market economy amounts to over 200
billion euros, nearly 18 percent of the country’s GDP. In the Canary Islands,
the underground economy represents a higher share at 28 percent.
Although Carolina’s daughter is certainly affected
by the household’s sudden impoverishment, her situation is not yet as bad as
that of many other children in the Canaries for whom the school dinner offers
the only chance to eat a full-meal during the day.
As the problem of child poverty continues to
grow, the islands’ regional government has announced plans to expand the
financing of public school dinners in an effort to bring back some of the
children. Indeed, at some school districts, the unemployment rate is as high as
70 percent, so the need to widen access to public school dinners is a social
emergency.
In addition, the government says it is
working on a “plan against poverty,” which is to include the opening of 182
public schools this summer to keep the dinner services going and the children
fed.
What will Carolina, Francisco and María do
if their situation continues to deteriorate? Carolina does not hesitate to
answer: “we´ll just have to go to Cáritas for help.”
Charities take over social services
Cáritas Diocesana is a Catholic relief
charity that helps the poor. Its chapter in the Canary Islands, consisting of
1,205 volunteers, stands out as one of the most recognizable local
non-government organizations, which are filling the welfare void left behind by
an overwhelmed system of public social services. In 2012, Cáritas assisted over
46,000 people in the Canaries in providing them with shelter, food and
medicines, among other provisions.
“The cases of ‘new poor’ families like the
one you mention are indeed becoming very common,” says Cáritas’ Institutional
Development Coordinator for the province of Las Palmas, Elena Henríquez.
According to Henríquez, the profile of
people asking for help in the islands has changed. “Before, we had very marked
profiles of people seeking our assistance, as there were very specific social
exclusion traits that characterized them: low education, low labour skills,
victims of substance abuse, immigrants. Under the current situation and as the
cuts in welfare services are making it more difficult for people to have access
to aid that would otherwise make up for lost income, the problem is affecting
‘normal’ families.”
Another problem Cáritas has identified,
Henríquez explains, is that family support networks, which keep troubled
families staying afloat, don’t tend to last. In time, the crisis begins to
affect those reaching out to their relatives in need and the network begins to
break up as its members fall apart “like dominoes.”
Besides having little or no knowledge about
where or how to ask for assistance, the islands’ ‘new poor’ are also unwilling
to come forward because they feel ashamed of their situation, as well as
fearful of the potential consequences of telling social workers about their
financial troubles. “Not having a job makes them feel like social outcasts. They
feel less worthy” says Henríquez, “but they are also scared to ask for help,
because they think that by exposing their poverty to social services they might
have their children taken away [by the government].”By the time these once
middle-class income families knock on Cáritas’ door, they are in a truly
desperate state.
Juan Lorenzo Campos Pineda, the Red Cross’
current president in the Las Palmas province, is also concerned about the rapid
emergence of an impoverished middle class: “We now have former donors asking
for our help. ”
In his forty years collaborating with the
Red Cross, Campos Pineda says he has never seen anything remotely similar to
what is happening to the local population. “Just a few days ago,” he recounts
in his office, “in a nearby school, a child fainted. When asked what was wrong
with him, the child said that it was his brother’s turn to eat.”
While most people think of the Red Cross’
humanitarian activities as taking place abroad, the reality is that, in Spain,
80 percent of its resources are dedicated to assisting Spaniards. The
organization’s focus on caring for the country’s own population has surged
since 2008. Already this year, requests for assistance have jumped 86 percent.
Besides distributing food, the Red Cross
is helping impoverished Canarians with ‘school kits’ containing notebooks and
pencils, soap and personal care items, food vouchers, shelter for the homeless,
and even money to pay water and electricity bills. “If there is need, we are
there,” states Campos Pineda.
Red Cross volunteers making sandwiches. Image: Luis Camejo. Some rights reserved.
In his view, the Red Cross cannot offer
anything but relief. “We cannot create jobs,” he says, “but it is NGOs such as ours,
Cáritas, as well as the public social services which are acting like a buffer
for society.” Should the situation worsen and more people in the islands fall
victim to poverty, he warns, there will be social turmoil. “I can see how in
certain sectors,” he elaborates, “like large companies and the banking system,
someone may see ‘green shoots’, but it is not the case for the common people.”
In light of the deteriorating situation in
the islands, the Red Cross has recently launched a three-year program entitled
“Now More Than Ever” aimed at intensifying its assistance for the poor and for children.
A bag of food is not the solution
David Muñoz is president of the Official
Professional College of Social Workers in the Las Palmas de Gran Canaria
province. As head of the institution which represents 1,300 of the islands’
3,000 social workers, Muñoz is concerned about the adverse effects the combined
economic crisis and government cuts are having in the country’s welfare state.
According to him, Spain is experiencing a reversal in terms of the country’s
hard-won welfare state system whereby rights and social justice are being handed
back to charities, as was the case in pre-constitutional Spain, over 35 years
ago.
In Muñoz’s view, rather than carefully
setting budget priorities for the sake of austerity and cutting superfluous
expenditures, the government is committing “austericide” on the people by
depriving them of their basic rights. “Cuts in healthcare, education and social
services are creating more problems, and the numbers prove it.”
“By neglecting its social services
obligations,” Muñoz elaborates, “the state is forcing organizations, such as
charities, to assume its responsibilities. Help from charitable entities such
as food banks is much appreciated, but they are not the solution. A bag of food
does not solve the problem.”
Workers Day in Las Palmas, 1st May 2012. Image: Jean Luis Marin. Some rights reserved.
The youth exodus
While children are the most vulnerable victims
of the economic crisis in the Canary Islands, the prospects for young
professionals who are supposed to succeed the outgoing generation is also
alarming. At 62.5 per cent, the youth unemployment rate in the Canaries is
Europe’s third-highest after Western Macedonia in Greece (72.5 percent) and the
Spanish region of Ceuta (70.6 percent). The islands’ regional government’s most
recent poll
on the Canary Islands’ youth, however, reports that the actual unemployment
rate among this segment of the population is as high as 73.3 percent. According
to the same poll, 26 percent of all previously independent young people have
returned to live with their parents, 4 out of 10 young people still live with
them, and 28 percent of all young people living with their parents have
children of their own. As a consequence of such a desperate scenario, the
better-qualified and most tenacious young men and women are leaving the islands.
The poll also indicates that 83 percent of the region’s youthful population is
willing to seek a future away from the archipelago.
According to a
recent survey by the Real Instituto Elcano, a Spanish think tank, 65
percent of the country’s prospective young emigrant population has a bachelor’s
degree.
Canary Island’s native, Harvard University
Sociology Ph.D. candidate, and an emigrant himself, Álvaro Santana reflects on
the significance of the current youth exodus taking place in his homeland: “The
implications are distressing, short term, and insurmountable, long term. When
it comes to the most qualified individuals, we are witnessing the formation of
two kinds of groups: those who managed to leave the Canaries and succeed
professionally, and those who could not leave and thus were deprived of putting
their talent to work. In both groups, the situation continues to produce a lot of
stress. But long term, those forced to migrate and those forced to stay behind also
turn into a source of reciprocal rancour and cynicism that spreads from these
individuals to larger segments of the population.”
Santana doubts he will ever move back
full-time to his native island of Tenerife, and feels the same way about those
he knows who have left: “I can confirm two dozen friends and relatives, all
highly qualified professionals, who have already left or are thinking of
leaving. It might be too early to assess whether migrants are not considering
coming back to their region of origin because there is no incentive or because
new technologies make it possible for them to live abroad as if they were at
home. I was born in the late 1970s. Back then, Spanish migrants still wrote
letters to their relatives and phone calls were made sparingly. Today, migrants
from the Canaries can watch local news live from anywhere in the planet and, in
big cities in Europe and North America, they can buy products from the Canaries
on-line.”
A fatigued economic model
The Canary Islands host over 12 million tourists each year. Image: Jean Luis Martin. Some rights reserved.
Similar to other Spanish regions, over the
past decades the Canary Islands enjoyed the economic windfall that came with
millions in structural and cohesion funds from the EU and the flood of cheap
money that flowed after the country joined the European single currency. Largely due to their almost absolute
dependency on tourism and construction, growth has never been linear in the
Canaries and the burst of the Spanish real estate bubble has shattered the
region’s labour market for years to come. Such a dependency on tourism and
construction was heightened by the region’s geographical uniqueness, lack of
sustainable energy sources, absence of innovation, and years of its entrenched
political leaders’ longterm relationships with each other and with the central
government.
As
Santana, the emigrant sociologist, explains: “as local and foreign
experts have shown, tourism in the Canaries, while not the major cause of the
crisis, certainly continues to be a great source of political corruption,
cultural indolence, and environmental and heritage destruction.”
Ultimately, the path to overcome the
current economic crisis in Europe’s ultra-peripheral “Fortunate Islands” is
similar to that of Spain as a whole, and even some of the European project’s
weakest nations: to engage in the profound transformation of the current
fatigued and unsustainable economic model. This is a rather titanic endeavour,
however, in the midst of a currency crisis that is pulling at the seams of the
eurozone’s divergent economies.
Canary Islands Vacation | Spain Holidays & Tours – 2022/23
The Canary Islands are located 100 kilometres/62 miles west of the North African coast opposite Morocco in the Atlantic Ocean. Due to their position, they offer a subtropical climate with hot summers and warm winters perfect for a Spain holiday. There are a number of islands that make up the whole of the Canary Islands. However, the principal ones and most important are Tenerife, Gran Canaria, Lanzarote and Fuerteventura. The geographic make-up of these is varied.
Tenerife is the largest of the Canary Islands and is the most contrasting on a trip to Spain. Not only does it have beaches but it has an amazing hinterland. The beaches, interestingly, are affected by the volcanic aspects of the island resulting in black sand beaches. There are numerous beaches located around the 270-kilometre/165-mile coastline which also is blessed with high cliffs and natural pools. Some of the best beaches are around the main town, Puerto de la Cruz and at Los Gigantes, San Juan, Playa Las Americas, Los Cristianos and Candelaria. Tenerife is one of the best places in the world for big game fishing and a number of companies offer fishing trips. One very important attraction is the Teide Volcano which is the highest mountain in Spain and the third tallest volcano on earth on a volcanic ocean island. Teide National Park is breathtakingly beautiful. On a visit to the volcano, you pass through the arable countryside, then, going higher, through pine forests, eventually reaching something of a “no man’s land” on a high plateau. A visit to the amazing Loro Parque can take nearly a whole day. This park is mainly devoted to parrots. It is home to the world’s most important parrot collection with over 300 species. It also offers seal and dolphin shows. It has the world’s largest Penguinarium where the Antarctic climate is reproduced. Puerto de la Cruz, the main town is an old fishing port full of narrow cobblestone streets and colonial architecture.
There are many reasons to visit Gran Canaria on a Spain holiday. The variety of landscapes is stunning. On its 236-kilometre/145-mile coastline, there are peaceful coves and beaches in the south of the island contrasting with the more commercial and popular tourist areas such as Las Palmas de Gran Canaria and San Bartolome de Tirajana in the north. Gran Canaria is a great place for water sports such as scuba diving, surfing, sailing and windsurfing. The capital of Gran Canaria is Las Palmas which has some historic neighbourhoods, an interesting cathedral and some colonial architecture from the 15th and 16th Centuries. The House of Columbus is a former palace of the governors of the island which was used by Christopher Columbus as a residence during his stay here. It is now devoted to Columbus with maps. Puerto de la Luz and the port and beach of Alcaravaneras are the two best places to enjoy nightlife and some of the best restaurants.
Fuerteventura is outstanding for its magnificent white sand beaches and year-round sunshine. It is much less frequented than either Tenerife or Gran Canaria. There are more than 150 beaches in the north and south of the island, spread over 340 kilometres/210 miles of coastline. There are several places to enjoy the island on a trip to Spain. In the north is Corralejo, a town with extensive beaches of dunes and the Corralejo Nature Reserve. On the east coast, you will find cliffs and small, hidden coves. The capital, Puerto del Rosario is a lively commercial city with a collection of houses on whitewashed streets and a picturesque promenade. It also offers excellent beaches such as Puerto Lajas, Jarugo and Playa Blanca plus hotels, restaurants, shops and sports facilities for surfing, windsurfing and sailing on Spain holidays.
Lanzarote is the most volcanic-looking of the Canary Islands. It has a somewhat “lunar” landscape, covered in craters, canyons and valleys of solidified lava. There are beautiful beaches with black or golden sand. The major tourist centres are in Costa Teguise, Playa Blanca and Puerto del Carmen. You can play golf in a protected nature area, go deep-sea fishing and surf. The waves are considered some of the best in Europe. The capital, Arrecife, is a quiet, beautiful port city situated on the eastern coast of the island with a historic centre offering museums and shopping during your trip to Spain. A long promenade runs along the coast of Arrecife. The Timanfaya National Park is a great place to view the island’s volcanic ecosystem. The park is surrounded by the Volcanoes Nature Reserve where fields of ash and lava run down to the sea.
Extend your Stay
Consider an additional stopover to your Spain vacation at one of Goway’s other European destinations. You can choose from a Paris vacation, a London vacation or an Amsterdam vacation. This can be done stopping over en route to or from Spain.
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Canary Islands
The Canary Islands are one of the 17 autonomous regions of Spain. They are integrated, as part of the country, into the European Economic Community, however, this membership has certain specifics due to the distance, economic features and historical traditions of the islands.
The capital of the Canaries is divided between the two largest cities of the islands: Santa Cruz de Tenerife and Las Palmas de Gran Canaria. The president of the autonomous government is elected every 4 years in one or another capital. The Parliament, which includes 60 deputies, is located in Santa Cruz – in the very center of the city. Each island has its own local government called the Cabildo insul.
Tenerife, Gran Canaria and Lanzarote are the most popular among Russian tourists in the Canary Islands.
Tenerife |
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Gran Canaria |
La Palma |
Lanzarote |
Fuerteventura |
La Gomera |
Arriving at the islands of eternal summer, where even in winter the temperature does not drop below +18 °C, it is difficult to tear yourself away from the luxurious volcanic beaches, ocean, surf or diving equipment to go on some kind of excursion there. But you have to force yourself, believe me. The lava fields of Lanzarote and the El Teide volcano, the waterfalls of La Palma and the subtropics of La Gomera, the amazing underwater world of El Hierro and a good hundred more names that deserve to be distracted from the sky-azure color of the pool and, wearing a Panama hat, go along mountains and valleys of the amazing archipelago.
Well, there is nothing to say about the beaches, cuisine and developed infrastructure of the Canary Islands – they are almost perfectly perfect.
7 things to do in the Canaries:
- Find yourself in Tenerife in February at the carnival.
- Pamper your eyes with a visit to Loro Park in Puerto de la Cruz (Tenerife).
- Dream about next time staying at the smallest hotel in the world Punta Grande on the island of Hierro (you had to book in advance!)
- Get brand new heels after the fish-spa treatment.
- Feel like a grain of sand, standing on the shores of the menacing Atlantic Ocean.
- Enjoy lunar landscapes and palm-fringed oases within 10 minutes of each other in Gran Canaria.
- Look at the stars through excellent telescopes at the Roque Los Muchachos observatory on the island of La Palma.
Webcams in the Canary Islands |
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Islands of Eternal Spring
The seven islands that make up the Canary archipelago are located about 1000 km south of the Iberian Peninsula and only 115 km from the African coast at their closest point. Their volcanic origin and special position in the Atlantic Ocean determine their unique geological and botanical characteristics, as well as landscapes that differ from both European and African ones. These natural features also determine a favorable climate with mild temperatures (the average annual temperature on the coast is 22 ° C), which do not differ much at different times of the year and day.
The area of the Canary Islands is 7.447 sq. km, the population is 1.700.000 people. Thus, the population density was 230 inhabitants per 1 sq. km. Most of the population is concentrated in the two capitals of the Canary Islands. The most sparsely populated islands are El Hierro, La Gomera, Lanzarote and Fuerteventura.
Climate
Most of the Canaries enjoy a mild climate. Winter is warm (+19…+23 °C), summer is hot (+24…+30 °C). The average water temperature in summer is +20…+23 °C, in winter +17…+20 °C.
The temperature in Tenerife does not fall below +20 °C, and in summer it does not rise above +25 °C. Water in the ocean +20…+22 °C. The features of Gran Canaria are a sharp change in natural zones: from high, forested mountains, on the tops of which there is almost always snow, to sunny beaches. Mountain peaks make it difficult for cold northern winds to penetrate the southern part of the island, so a warm and dry climate prevails there.
The islands have a spring climate all year round, allowing you to enjoy the beaches at any time of the year without suffering from excessive heat. Such a climate determines the friendly character of the inhabitants of the Canary Islands.
The mild climate has attracted people to the Canary Islands since ancient times. The Greeks placed here the gardens of the Hesperides; for centuries they have been referred to as the “Happy Islands”. The glory of the Canary Islands as a travel destination begins in the era of scientific expeditions of the 18th and 19th centuries, when European naturalists often visited them to study unusual volcanic landscapes and rich flora. At the end of the XIX century. the fame of the islands has increased even more due to the fact that they have become a place of rest and treatment of many diseases. Currently, the Canary Islands are one of the most important centers of European tourism. More than 8 million people annually rest on their shores, attracted by their charm.
The volcanic nature, with all its reliefs and shapes, is a very obvious phenomenon that attracts anyone who finds himself on Canarian soil. This volcanic colossus has become the most exotic place for any European traveler. Who will not be amazed and delighted by the mere fact that you can walk on the ashes, trample on volcanic lava with your feet, that you can enjoy the beautiful view of huge basalt rocks and immense avalanche fields, as well as admire impressive volcanoes, witness volcanic outbreaks and capture the moment when the earth crumbles into small pieces. There is no doubt that nature is the most important attraction of the Canary Islands, their main wealth. And this factor, no doubt, plays an important role in the tourism business.
This attraction of the Canary Islands for tourists, who come here half the time again, is due in no small part to their exceptional climate, but also to the 1500-kilometer coastline, magnificent beaches and opportunities for sports and entertainment on the water, with their people, traditions and cuisine that inherited a culture that fused Europe, America and Africa. To this should be added their accessibility (a few hours of flight from major cities of the Old World) and a well-developed tourism infrastructure, which serves as an example for many countries.
CANARY ISLANDS – Anex tour travel agency
Islands of Eternal Spring – this is the name of the chain of the Canary archipelago, located in the Atlantic Ocean, 1500 km from the Iberian Peninsula and 100 km from the coast of Africa. Tenerife, Gomera, La Palma, Hierro, Gran Canaria, Fuerteventura and Lanzarote – all seven islands belong to Spain, but perhaps the only thing that connects them to the mainland is the language. Otherwise, they are so distinctive and diverse that one might get the impression that each island is a separate state. Due to its unique location and climate, the islands never get tired of the tiring heat, the weather is always comfortable here, and the water temperature does not drop below +20 degrees.
Green valleys and fantastic rocks, white, black, red and golden sand, bizarre landscapes, gentle ocean waves, cultural and architectural monuments, friendly people, simple but tasty food – all this is the Canary Islands, where holidays have become available to everyone. With the last statement, many will want to argue, they say, the Canary Islands have always been a symbol of a prosperous life and unaffordable luxury. Perhaps it was once so, but now in the Canary Islands you can meet tourists with different levels of income and needs, including from Russia. The cost of the trip is comparable to the cost of a tour to the favorite mass destinations of Russians, however, a visit to the Canary Islands can give much more impressions.
Last minute tours to the Canary Islands Tenerife, La Gomera, La Palma, Hierro, Gran Canaria, Fuerteventura and Lanzarote
Fantastic Tenerife. The largest island in the archipelago by area. Like all other islands, it is of volcanic origin, which is confirmed by the cap of the Teide volcano already visible from the plane and from the ocean – by the way, this is the highest point in Spain (3718 meters). Teide National Park is included in the UNESCO list: unique nature, breathtaking views, the opportunity to take spectacular photos on convenient viewing platforms bring the volcano and the park to the top places that must be visited not only in the Canary Islands, but throughout Spain.
Another visiting card of Tenerife is the black beaches, which also owe their color to volcanic sand. It is said that such sand has healing properties. Even more surprising is that on one island, the population of which is less than the population of Omsk, 12 climatic zones are concentrated! There are tropical forests, fantastic valleys formed as a result of volcanic activity, various beaches, mountains and cool gorges.
As for the resort areas, everyone can choose for themselves the place where they feel most comfortable. Note that the island is divided by mountains into two main climatic zones: humid, but rich in vegetation, north and more sunny, dry south. The largest resort is Playa de las Americas. Lovers of adventures in bars, restaurants and discos will feel most comfortable here. Life is in full swing day and night, the narrow streets are filled with the hum of voices, the smells of food are carried from numerous cafes, and sometimes there is nowhere for an apple to fall on the beach.
But the place Los Gigantes, on the contrary, will appeal to lovers of a relaxing holiday. The landscapes that frame the resort are impressive – majestic rocks go into the depths of the ocean, and snow-white yachts surf the water surface.
Those who prefer an active pastime to a relaxed vacation should definitely visit the trail in the Maska Gorge, which has a depth of about 1300 meters. The trail starts from the village of Masca, where no more than 100 people live, and goes to the ocean. Along the way, from the guides, you can hear a lot of amazing legends about treasures and pirates who have been in these places. Fire-breathing Lanzarote. Lanzarote, the fourth largest island in the Canary archipelago, is located 125 km off the coast of Morocco. Its other, unofficial name is the island of fire-breathing mountains. It is known that three hundred volcanoes are located on its territory. Hence the unusual landscapes – it seems that you are on another planet. It is curious that the coastline of the island is 250 km, but the beaches here are only 30. But the sand here is not only white and black, but also red.
The color red also dominates the Timanfaya National Park, where the main tourist attraction is the El Diablo restaurant, where they cook on a volcanic grill. Delicious wine is also produced in Lanzarote, the island even has its own wine-growing area, La Geria. And yes, grapes here also grow on volcanic soil. Varied Gran Canaria. This island is often called a miniature continent, because at 50 sq. There are so many natural areas concentrated in kilometers that one can only be surprised at the imagination of nature that scattered them around the island. But, perhaps, the most unforgettable impression will be made on you by Maspalamos beach. Going to it from the city of the same name, you suddenly find yourself in a real desert – with soft dunes, fine and hot sand and hot sun. But moving along it towards the ocean, you suddenly find yourself on the edge of a dune, descending from which, you will immediately fall into the gentle embrace of the ocean.
So many impressions, and these are only three islands! There is one more indisputable plus in resting on the Canary Islands – excellent transport links have been established between them, so during your vacation you can visit all seven islands at once. For example, fans of a big ocean wave and free wind should look at the island of Fuerteventura, which is gaining more and more popularity among tourists from all over the world. Gomera Island is considered the greenest place in the archipelago, and the smallest island of the Canary archipelago – Hierro – has almost no beaches, but famous thermal springs are located here. On the contrary, excellent beaches are located on the island of Palma, here you can look into the crater of La Caldera de Taburiente and walk along the picturesque streets of Santa Cruz de la Palma. Indeed, the Canary Islands is an amazing place where you want to return again!
Want to buy a last minute tour to the Canary Islands Tenerife is waiting for you from 10-00 to 21-00 Omsk Kuibysheva 81
Advantages of doing business in the Canary Islands
No time to read
Feod Group provides a wide range of services for moving to Spain.
The company has Spanish lawyers.
Offices in Europe, USA and Ukraine.
If you decide to open an office of your company or relocate employees to Europe and at the same time pay minimal taxes, then you should pay attention to the Canary Islands.
Since, in Spain, you can easily combine business and personal preferences: safety, quality of life, climate, sunny days, surfing and diving opportunities, healthy food, as well as what is important for business – transparent, clear immigration and tax policies, low business costs, convenient logistics in Europe.
In this article we will leave the question: why should you buy or open a business in the Canary Islands?
In addition, the company’s portfolio contains current offers for the purchase of a ready-made business, as well as residential and commercial real estate in Spain.
With us you can buy your own real estate or buy a business in the Canary Islands, which will bring a stable and high income.
View offers for the purchase of business and real estate in Spain
General information about the Canary Islands
The Canary Islands form an “autonomous region” within the Kingdom of Spain. The islands have their own government, parliament and administration, established by the Statute of Autonomy of the Canary Islands.
The fiscal and economic system of the Canaries differs from the general Spanish system that operates in most of the mainland.
As part of Spain, the Canary Islands are also part of the European Union. However, the islands enjoy some exceptions in the financial and economic sphere.
Canary Islands Economic and Tax Regime (REF)
Although the Canary Islands are subject to the tax regulations of the Kingdom of Spain, companies operating there are also entitled to special tax incentives (Regular Tax Regime or REF).
Key features REF:
- 1. VAT does not apply in the Canary Islands.
Instead, there is a Special Sales Tax (IGIC) which has a general rate of 5%. In addition to the higher and lower IGIC rates, there is a zero tax rate for certain products and services with basic general needs (such as telecommunications). - 2. Exemption from duty on capital.
Use of retained earnings to reduce the taxable base, provided that the corresponding amounts are invested within 3 years in certain qualifying fixed assets or public shares. - 3. Extended tax incentives for various types of investments.
With our specialists, the process of buying or starting a business in Spain will be for you with maximum financial and legal protection.
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Preferential taxation for companies in the Canary Islands (ZEC)
ZEC (Zona Especial Canaria) – translated from Spanish means “Special Economic Zone of the Canary Islands”.
This is a low tax area created under the Canary Islands Economic and Fiscal Regime (REF) with the aim of stimulating the economic and social development of the islands.
Any company that intends to carry out production, commercial or service activities in the territory of the Canary Islands may register with the ZEC.
Service companies registered under the ZEC can be established in any part of the Canary Islands.
Production, processing, loading and unloading and distribution activities must be registered in designated areas.
Any company wishing to register with ZEC must satisfy a series of requirements :
- 1. A ZEC company must be recently registered;
- 2. At least one of the persons authorized to manage and act on behalf of the Company must be a resident of the Canary Islands;
- 3. ZEC must invest at least EUR 100,000 (EUR 50,000 in some locations) in business-related fixed assets within the first two years of obtaining the permit;
- 4. ZEC must employ a minimum of 5 people (reduced to 3 in some locations) within the first 6 months of approval and must maintain this number of employees on average throughout its operations;
- 5. ZEC must provide a description of its activities, with particular reference to its economic viability, international focus, contribution to the economic and social development of the Canary Islands and solvency.
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Taxes for ZEC companies
ZEC companies enjoy the following tax benefits:
1. Corporate tax (levied in Spain at a rate of 30%) is levied at 4% on profits derived from ZEC activities.
2. ZEC companies are exempt from capital transfer tax and stamp duty in the following cases:
– Purchase of goods and rights for the conduct of business activities of a ZEC company within the geographic area of ZEC;
– Stamp duty on documents related to the company’s activities in the ZEC geographical area.
3. ZEC companies are exempt from the Canarian Sales Tax on the delivery of goods and services from one ZEC company to another, as well as on imports.
4. International agreements for the avoidance of double taxation and the EU Parent-Subsidiary Directive. The Canary Islands are an integral part of the territory of Spain and the European Union. Therefore, ZEC companies can take advantage of the double tax treaties signed by Spain and the EU Parent-Subsidiary Directive.
With our specialists, the process of business immigration to Spain will be for you with maximum financial and legal protection.
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If you have any questions about any of the areas, please contact us.
ZEC Company Registration
Application, authorization and registration are the three steps required for companies wishing to register with the ZEC:
- 1. The application must be submitted along with a description of the proposed activity.
- 2. The Consortium Council will then decide on the application and inform the applicant of its decision within two months from the date of the application.
- 3. The new company must be registered with a notary and must be registered in the relevant registers (this can be done before permission is obtained).
- 4. After obtaining permission, the company must be registered in the ZEC Official Registry, which is managed by the Consortium Board.
ZEC companies are subject to the following fees:
– Registration fee
– Annual fee for registration in the official register of ZEC
With our specialists, the process of buying a business and real estate in Spain will be for you with maximum financial and legal protection.
Asking once is better than searching 100 times
If you have any questions about any of the directions, please contact us.
Why clients choose Feod Group:
- 1. Feod Group is an international group of companies that provides a wide range of legal and business services around the world and has been operating in Ukraine since 1992 years old
- 2. The company has accredited Spanish lawyers.
- 3. The presence of offices in Ukraine and Europe ensures fast paperwork and maximum comfort for the client.
- 4. We provide our clients with related services related to relocation and adaptation in Spain, family relocation services in Spain, enrollment of children in schools and many others.
Feod Group recommends take advantage of professional consultations with Ukrainian lawyers and Spanish lawyers , where you will receive detailed information about starting a business in Spain.
To agree on the meeting, call us by phone:
+38 044 383 90 30
+38 050 393 90 30 (Viber/WhatsApp)
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We will be happy to be of service to you!
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Spain – Countries – Travel company “AkfaTour”
Traveling to Spain can change your whole life , because this country leaves such strong feelings that the trip will be remembered for a long time. There is literally everything here – bullfighting, hot dancing, passions of flamenco and incredible beauty of nature. You should definitely see the world of Antoni Gaudi in miniature Catalonia, in medieval castles and impeccable natural corners. And the surrealistic performances of Salvador Dali will also not leave you indifferent. Spain has a certain quirkiness thanks to these two geniuses, because such works of art are rarely seen anywhere. In a word, this country is so unusual, multifaceted, smiling, sunny and carefree that leaving Spain is a real tragedy. Those who have time to relax on the island part of Spain will be doubly lucky. These places serve as a natural landmark of the country. The cleanest beaches, bright patterns of flowering shrubs and the azure sea – a dream come true for any traveler.
Capital – Madrid
Currency – Euro
Official language – Spanish. The use of Catalan, Basque, Galician is legal.
Visa – the country is one of the Schengen countries. A passport and a visa are required to enter Spain.
Location
The Kingdom of Spain is a southern European country. It occupies five-sixths of the Iberian Peninsula, the Balearic and Pitius Islands in the Mediterranean and the Canary Islands in the Atlantic Ocean. The Pyrenees are difficult to access and isolate Spain from other European countries, except Portugal. Spain is washed by the Mediterranean Sea and the Atlantic Ocean. By land, Spain borders Portugal to the west, France (along the crest of the Pyrenees) and the tiny state of Andorra to the northeast, and Gibraltar to the south.
Climate
Moderate, mild. The average daily air temperature in winter is +20°C, water +18°C, summer +26°C and water +23°C. Swimming season all year round.
Attractions, excursions
You can go to Spain for a vacation every year, and every time you find something new for yourself. As a rule, tourists begin the development of the Iberian Peninsula by conquering the beaches, and then gradually discover the amazing beauty of the cities of Spain.
Fans of oriental exoticism will undoubtedly be delighted with Andalusia, which has retained its Arabian flavor. There is the most prestigious resort in Spain – Marbella. Hollywood stars, European aristocracy, Arab sheikhs and simply millionaires – they all chose Marbella as their summer location. You can safely meet them at the most luxurious disco in Spain, Don Carlos, but you shouldn’t get close, say, to Bruce Willis – the stars, as a rule, have very harmful bodyguards. Ten minutes from Marbella is Mijas – a small mountain village. Its charm lies in the fact that the mountain on which Mijas is located is located directly above the Mediterranean Sea. The cozy cafes of this tiny town are located so that tourists sitting in them can enjoy a beautiful view of the sea while sipping refreshing – or strong – drinks. Naturally, while in Andalusia, you should definitely visit Al’ambra – the palace complex in Granada, built during the Moorish rule. The beauty of this unique architectural monument has already been described many times by amateurs and professionals, and only one thing can be added to this – they are all absolutely right, and this place is worth a visit.
Separately, it should be said about Madrid, unfairly forgotten by lazy tourists. Of course, the capital of Spain is not ten minutes from the beach, but it’s worth going there at least once, because in Madrid there are entertainment for every taste. The Prado Museum, one of the five best museums in the world, is recommended to everyone, and especially to fans of Goya, Velázquez and El Greco. But for women who are fighting bloody battles with excess weight, it would be nice to go to the Rubens Hall and look at the portrait of the three graces. After this spectacle, confidence in one’s own irresistibility is strengthened for a long time in the female mind. Madrid is also home to the Royal Palace – a very nice museum place in all respects. Only you will not meet the king there, since the monarch and his family live in the suburbs, in a small modest villa called Zarzahuela. And he does this because the Spanish king Juan Carlos II is the poorest king in the world. The fact is that this monarch has no property in Spain, as well as fabulous bank accounts. And he lives, so to speak, on the money allocated by the state. Every year, 900,000 dollars that Juan Carlos honestly spends the next 365 days.
Russian tourists have long appreciated the delights of the beaches of Catalonia. There is a milder climate than in the south, so families with children usually come to warm the bones on the Costa Brava. You can not ignore the Salvador Dali Museum in Figueres. Compared to it, Disneyland and all kinds of attractions seem ordinary and trivial. Strange sensations are also left by the work of Gaudi in Barcelona – the famous Sagrada Familia seems to be built of sand. A completely different, but no less strong impression is made by the Cathedral of Barcelona, Santa Junania, built in the Gothic style.
To be honest, there is probably no city in Spain that does not have a unique attraction that makes tourists from all over the world flock to the Iberian Peninsula in single file.
Near Madrid is Escorial – the burial place of the Spanish kings. And in Toledo, the lenses of cameras and cameras are captured by a Gothic cathedral with forty chapels, which was built over three centuries. In La Coruña, the capital of northern Galicia, which is also called Spanish Switzerland, there is the so-called “Tower of Hercules” – a functioning lighthouse built by the ancient Romans. The cathedrals of Seville are painted by such masters as El Greco, Murillo. And in Cadiz there is the Church of Santa Catalina, the main attraction of which is Murillo’s unfinished work “The Marriage of St. Catherine” – the artist died while working on it.
Canary Islands – autonomous region of Spain. The archipelago has many small and seven large islands: Palma, Hierro, Gomera, Tenerife; Gran Canaria, Fuerteventura, Lanzarote.
With its mild climate, Tenerife, the largest of the Canary Islands, is a holiday paradise. In Tenerife, located eight hours from Russia, spring reigns all year round. Tenerife will give you everything you want – whether it’s blissful idleness on a sunny beach, strolls through flower-filled valleys and romantic villages, or exploring the bizarre world of mountains. The most interesting places on the island include the Cañadas del Teide National Park, founded 40 years ago, located at the snow-capped peak of Teide, the highest mountain in Spain (3718 meters). The mountain is a volcano, extinct about a hundred years ago. By cable car operating daily from 9until 16:00, you can reach the very top. Caladera de las Cañadas is a gigantic crater resembling a mysterious lunar landscape. The layers of lava that emerge here are painted in various colors – from yellow to rusty red and black.
Lora Park on the island of Tenerife (the world’s largest diaspora of parrots, a giant aquarium), the Teide volcano on Tenerife (lunar landscape, many films from the Star Wars series were filmed here), the city of Teror on the island of Gran Canaria with a water park, and also Laura Park (it is called “Madrid in miniature”).
If you prefer greenery, go to the Orotava Valley with its terraced glades, banana and orange groves. The city of Orotava is very picturesque.
In the valley of Orotava there is an ancient city, a monument of national importance – Orotava, there is also a botanical garden, founded in 1788. In the north of the island is the most popular resort – Puerto de la Cruz. The south of the island is famous for its beaches. In February, the second carnival in the world (after Rio de Janeiro) is held, jousting tournaments are held in the stylized “medieval” castle of San Miguel.
Don’t forget to visit the village of Chinamada with dwelling “caves” carved into the rocks. Chinamada is located in the north in the mountains of Anaga, dotted with gorges. In Icod de los Vinos you will find the largest and oldest dragon tree (dracaena) in the Canary Islands. No less interesting will be Loro Park near Puerto de la Cruz, where there is a colony of parrots – the largest in the world. There are about 230 species of these birds here.
The most beautiful beach of the island is located north of Santa Cruz de Tenerife, the capital of Tenerife. Fine sand in Playa de las Teresitas, a bay protected by an artificial reef, was brought here from the Sahara.
The El Medano area is the most favorable place for windsurfing. The small sandy bays near Playa de las Americas are very picturesque. Excellent swimming opportunities are also available at the Lido de San Telmo under Puerto de la Cruz beach. created by the famous architect Cesar Manrique. Diving sports can be enjoyed in the Los Gigantes area.
The Mediterranean coast of Spain has long gained popularity among Russian tourists, Catalonia is one of the most picturesque provinces of the southeastern coast of Spain. On its coasts, the Costa del Maresme and the Costa Brava, there is first-class service and excellent hotels. Costa del Sol, Costa Dorada, Costa del Azaar, Costa Blanca, Balearic Islands (Majorca, Minorca, Ibiza), Canary Islands. On the Costa del Sol there is a water park. Near Barcelona in the resort of Pineza de Map – the international health center “Sports and the Sea”.
The Costa Brava and the popular resort of Lloret de Mar have large water parks.
In Costa Dorada (near Barcelona) – “Port Aventura” – Spanish Disneyland, an amazing adventure park for children and adults.
Tours to Spain from Khabarovsk
90,000 Canary Islands
A islands called Canar, from the point of view of physical geography, there are many attractions: geological origin, climate, plant world. Located in an arc from the southwest to the northeast, stretching for more than 500 km, in clear weather, the archipelago is visible from the African mainland with the naked eye. Fuerteventura, the closest island to the mainland, is separated from Cape Yuba by a strait about 115 km wide. If you approach the Canary Islands from the ocean, you can see from afar, as a rule, the peak of Teide (3718 m) shrouded in clouds.
Once in the archipelago, the natural diversity of the islands, and often different areas of the same island, is striking: deserted Lanzarote and green Palma, palm oases among the dry sands of the coast and tropical forests on the slopes of the mountains of Gran Canaria. The southern side of this island is semi-desert, and on the northern side there are orange groves and thickets of date palms, vineyards and sugarcane plantations. The south and north of Tenerife also differ. A traveler who has gone to the peak of Teide from La Laguna, not far from Santa Cruz, will cross at least five belts of vegetation one after another.
According to natural and climatic characteristics, as well as the peculiarities of the geological structure of the island, it can be divided into three groups. Lanzarote and Fuerteventura belong to the east, Gran Canaria, Tenerife and Gomera to the central, and Palma and Hierro to the west. All islands are of volcanic origin. The rise of island blocks, accompanied by an outbreak of volcanism, occurred in the middle of the Miocene. In the Pliocene, these processes were repeated. From this it follows that the islands were formed in an era before the emergence of higher forms of life. The uplift continues to this day. The study of the distant geological past of the Canaries testifies to their unity with the African continent.
Basic country information.
Currency
euros
Visa
Citizens of the Russian Federation can receive a Schengen visa at the Spanish Embassy. In this case, you must enter the Schengen area through Spain. To apply for a visa, you must have a passport, a completed application form, an air ticket, 1 photo. The visa is issued within 10 working days. Validity of entry visa – from 30 to 90 days. Consular fee – 25 – 50 US dollars, depending on the type of visa. When traveling through the country, a transit visa is required.
Time
lags behind 2 hours
Climate
Canary Islands – Spanish Tropical Paradise. Spaniards living on the mainland associate them with fun, just like the thousands of foreign tourists who choose the resorts of the islands throughout the year.
Summer time
26.03-29.10
Voltage
Usually, the voltage in the network is 220 volts, but sometimes in small villages and villages it can be 125 or 110 volts.
Rules of Conduct
It is recommended to keep documents, money and other valuables, including passports and airline tickets, in the hotel safe. Do not leave your belongings on tour buses
Religion
The vast majority of believers are Catholics.
Sanitary Code
Practice good personal hygiene and normal precautions, and bring medicines you normally use.
Communication
You can call anywhere in the world from a hotel room, but calls made from a pay phone or call center will be much cheaper. To call abroad, you need to dial 07, after a long beep – the country code (Russia-7), city code (Moscow-095), phone number.
Capital
Tenerife
Souvenirs
Many goods, such as guilt and liquors, gifts and jewelry, folk crafts and so on are very much valued for their own. Quality and attractive prices
Customs Rules
Citizens of countries that are not included in the European Community (EU), which has reached 15 years, are allowed to import no more than 200 cigarettes or 50 cigars, up to 1, up to 1 liters of alcoholic beverages with a strength of over 22 degrees and up to 2 liters of wine. Dogs and cats are allowed to be imported if their owners can present up-to-date vaccination certificates.
Tip
In cafes and bars it is enough to leave 15-25 pesetas; in restaurants they give 5-10% of the cost of the order, about the same – in a taxi. Maid, hotel employee who helps you carry your luggage, porter – about 100 pesetas.
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Language
Official language – Spanish, also used: German, Italian and French. In the provinces, the local languages are Castilian, Galician and Bakish.
Kanar Islands – exotic Tour Kursk
Kanarsky resorts – exotic Tour Kursk | exotic.club
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Canaries: Resorts of the Canary Islands – Exotic Tour Kursk | ekzotic.club
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Gran Canaria, Canary Islands
Gran Canaria is the third largest island of the Canary archipelago, washed by the Atlantic Ocean and located approximately 110 kilometers from the western coast of the African continent and 1500 kilometers to the south -west of the coast of the Iberian Peninsula. It is one of the most densely populated islands, home to more than half of all indigenous inhabitants of the Canary archipelago.
Lanzarote, Canary Islands
Lanzarote is a Spanish island, the easternmost autonomy of the Canary Islands in the Atlantic Ocean. It is located about 125 km from the African coast and 1,000 km from the Iberian Peninsula. In terms of area (845.9 sq. km), the island is the fourth in the archipelago. The first recorded name, Insula de Lanzarotus Marocelus, was given by Angelino Dulsert, from which the modern name of the island is derived. In the Aboriginal language, the name of the island is Titerro(y)gatra, which means “red mountains”.
Santa Cruz, Canary Islands
Santa Cruz de Tenerife (often referred to simply as Santa Cruz) is the capital (along with Las Palmas) and the second most populated city of the Canary Islands. The area where Santa Cruz is now located belonged to Menchenaito Guanche Anaga, it was the easternmost island. The city had several names throughout its existence: Anazo (the name of Guanche), Puerto de Santiago Santa Cruz de Tenerife and Santa Cruz de Tenerife (modern), which means “Holy Cross on the land of Tenerife”.
Tenerife [Tenerife], Canary Islands
Tenerife (Spanish: Tenerife) is a Spanish island from the Canary Islands archipelago in the Atlantic Ocean. The largest island in the archipelago, located between the island of Gran Canaria in the southeast and the small island of Gomera in the southwest. Tenerife is the largest and most populous island. Tenerife is the largest tourist center in the archipelago, and one of the first in Spain. Santa Cruz de Tenerife is the capital of the island. Tenerife is the ideal place for a varied and unusual holiday at any time of the year.
Fuerteventura, Canary Islands
Fuerteventura is an island of volcanic origin, part of the Canary archipelago, washed by the waters of the Atlantic Ocean. The island of Fuerteventura, located 100 km from the coast of Africa, is the second largest after Tenerife and has the longest beaches in the entire archipelago. It is also considered one of the oldest Canary Islands, dating back about 20 million years. The island of Fuerteventura has an elongated shape and covers an area of 1660 sq. km, stretching for 100 km in length and 31 km in width.
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About country
- Visa to the Canary Islands
- Canaries: tips for tourists
- Resorts of the Canary Islands
- About the Canary Islands
- Russian-Spanish phrasebook
- Tours to the Canary Islands
- Excursions in the Canary Islands
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