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Tenerife’s Tech Boom: The New Silicon Valley of the Atlantic

Tenerife is rapidly becoming a leading European technology hub, attracting major global firms and generating over 15,000 jobs. Driven by favourable fiscal conditions, top-tier research centres, and high connectivity, the island’s tech sector now moves hundreds of millions annually. Read how satellites, AI, and quantum computing are fuelling this Atlantic success story.

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canary islands government igic zero rate basic products

Canary Government’s Zero-Rated “Basic Basket” Under Scrutiny

The Canary Islands Government has announced a list of 45 essential products to be taxed at 0% IGIC, including dairy, fruit, vegetables, and protein. However, opposition parties criticise the move as mere propaganda, pointing out most items were already zero-rated and demanding more help for vulnerable families. Read the full analysis of the political and economic debate.

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prosecutor halt cuna del alma coastal works tenerife

Prosecutor Seeks Halt to Cuna del Alma Coastal Works

The Public Prosecutor’s Office has called for an immediate halt to construction work within the protected coastal zone by the controversial Cuna del Alma tourism project in Tenerife. A judge is now investigating regional officials and the developer over alleged planning and environmental offences. Read the full details of this major legal challenge to the large-scale development.

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canary islands holiday rental law changes ascav criticism

Holiday Rental Association Slams Canary Islands Government Over Law Changes

The Canary Islands Holiday Rental Association (Ascav) has launched a fierce criticism of the regional government, accusing it of using a planning bill to sneak through severe new regulations for the sector. The association warns the proposed amendments could unfairly penalise landlords and affect non-tourist short-term lets. Read the full details of the contentious legal changes.

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canary islands economic diversification strategy proexca

Canaries Forge Ahead with Strategic Economic Diversification

The Canary Islands government is intensifying efforts to diversify the archipelago’s economy through strategic sectors including audiovisual, technology, aerospace, and the blue economy. Public agency Proexca is leading the charge to integrate the islands into global value chains, leveraging competitive tax incentives and a unique geographical position. Read the full article for details on the internationalisation plans and key industry events.

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