Ryanair announces new flights from Prestwick to Fuerteventura, Canary Islands

Ryanair has announced extra flights to its sunshine routes from Prestwick and a new route to Fuerteventura starting next month.Chief executive for Prestwick airport, Iain Cochrane said: “This is more excellent news for the airport. As well as these welcome extras, we have new Ryanair routes starting to Fuerteventura in the Canary Islands and Ibiza next month, plus summer flights to Jersey and Turkey with other airlines.”

This is yet more good news for the tourist industry on Fuerteventura and for property owners looking for more connections back to the UK. It will also help the real estate market on the island by providing more connections between Fuerteventura and the UK which is an important consideration for potential purchasers.

The extra flights from Prestwick will go to Malaga, Alicante, Palma, Faro and Carcassonne.

It’s Carnival Time in Fuerteventura, Canary Islands

In many Roman Catholic countries the weeks leading up to Lent become Carnival time. It is a time when locals forget about the stresses and strains of everyday life and how much their real Estate is worth or not and dress up in often outrageous costumes to go out onto the streets and party well into the night.

Fuerteventura, second largest Island in the Canary Islands, Spain is no exception to this and the Carnival season starts in mid-February in the capital Puerto del Rosario, moving on to other towns and villages around Fuerteventura and the other Islands of Tenerife , Lanzarote and Gran canaria.

The main event in each location is the grand parade with many floats representing local businesses, marching bands, and of course the Carnival Queen – or queens, as you will often see not one, but two or even three queens – an adult, a junior and possibly a drag queen.

The majority of locals – men, women and children – join in with the festivities wearing fancy dress costumes made especially for the occasion. Men become women for the evening and all are a sight to behold, with tourists who know of the tradition also taking part.

So what is happening and where? Below are details of the events in the main towns but there will also be activities in the smaller towns and villages:

Puerto del Rosario

• The first, smaller parade takes place on 17th February at 8 pm. The parade represents “the birth of the sardine”, the sardine being the symbol of Carnival in the Canary Islands.
• On Saturday 27th February is the grand parade. This is traditionally the largest and most spectacular parade on the island, starting at around 5pm.
• On 6th March is the final parade “the burial of the sardine” when a huge papier mache model of the sardine is burned (cremated).

Caleta de Fuste

• In Caleta this year the grand parade takes place on February 20th. The theme for 2010 is the 1960’s so you can expect to see once again the fashions of this exciting era.

Corralejo

• The grand parade this year starts at around 5pm on Saturday 13th March. The theme of the carnival is The Jungle and there is a wealth of material for sale in every imaginable animal print in fabric shops in the old town. No doubt there will be many Tarzans, Janes (probably predominantly male) and “animals” galore on the streets of Corralejo.

New Year Opportunities in the Fuerteventura and Canary Island Property Market

New Year New Opportunities

Welcome to our first newsletter for 2010.

So what’s the story so far this year ?

Predictions on Sterling vs the Euro are targeted by reports from the major currency houses to reach 1.20 ( sometime this year, but no one has put a date yet on when this magical figure will be reached ), I have to say we have had a positive opening and we are currently seeing 1.15 so far this month.

What about Property ?

My view for the market is that we will see a steady increase in sales volumes through 2010, so good news for those that are selling their properties.

There is a lot of talk surrounding the Greek economy and the national debt in the international press right now, I have recently visited our offices in Greece and the local real estate market ( greek residential ) remains buoyant and it is anticipated that 2010 will see a significant rise in the International buyers particularly in areas such as Crete, Corfu and Zakynthos.

Easy jet have just announced a number of new routes to Greece in 2010 with prices starting from only 41 GBP further details can be found on www.easyjet.com

Fuerteventura seems to have resolved the issue of the lack of flights over the winter with Ryanair returning to its services for the Island and Easy Jet now running its regular services to Stanstead and other UK airports, in fact I traveled to Stanstead recently with Easyjet and you could not have found a better flight.

Good luck, happy hunting and wherever your search may you find your DREAM HOME we are there to assist you.

If you have a flight only GoldAcre Estates can assist you in finding your perfect accommodation to stay during your search for your Dream Home.

Please remember any comments that you may have on how we can improve our newsletter are always welcome write to me directly john@goldacre-estates.com

John Goldacre

School's Out: 9 cheap deals for childless travellers from Skyscanner

School holidays are a notoriously expensive time to travel.

In the world of supply and demand, airlines and accommodation suppliers push up their prices during the holidays, forcing parents to cough up, or stay home.

But for those not tied to the national curriculum, there are great deals to be found either side of the vacation period.

Flight comparison site Skyscanner (www.Skyscanner.net) introduces some bargain breaks for the childless traveller.

Fuerteventura, Canary Islands – from £162
Save: over £250
You won’t have any problems finding your very own place in the sun on Fuerteventura. This laid back Canary Island boasts over 125 miles of beach and is located at the same latitude as parts of Florida and Mexico with the mercury rising as high as 23C, even during winter. Stake a place on the sand at Jandia, a huge natural beach that extends some 20km along the shoreline. There are also plenty of dunes and lagoons to explore and all just a four hour flight from the UK. Travel outside of the half term holiday and you’ll pay less than half the price for your flight. Find cheap flights to Fuerteventura

Geneva, Switzerland – from £39
Save: over £200

With snow in abundance in the Alps, a last minute ski trip is a great option right now. Geneva is an ideal landing point for winter sport lovers offering the choice of over 100 ski resorts within two hours’ drive. One of the closest is Lelex, a small resort served by 13 ski lifts, ideal for beginners. At the other end of the scale there’s Morzine, part of Les Portes Du Soleil, a huge interlinked ski area offering some 650 different pistes, served by over 200 ski lifts. Travel the week after half term and you’ll get flights for less than a quarter of the cost during the holiday. Find cheap flights to Gevena

Sharm El Sheikh, Egypt – from £318
Save: over £150

With almost guaranteed sunshine and plenty of beach space, Egypt has long been a hit with families. So evade the child invasion by travelling the week before half term and save yourself more than £150. That also means you’ll have much more mullah for spending on dive adventures in the Red Sea, desert quad bike treks, and of course, après sand activities. Find cheap flights to Sharm El Sheikh

Orlando, Florida – from £440
Save: over £500

With the Harry Potter hype reaching magical proportions, Orlando is set to become even more popular, as muggles from all over the world head for Harry’s homeland to enjoy the delights of his ‘Wizarding World’, which is due for completion in spring. For now, you can beat both the Harry Potter and half term crowds and enjoy Orladno’s alternative attractions instead; go gator spotting in the Everglades with an airboat adventure, treat yourself to a little luxury shopping at Tiffany & Co, Cartier, or Jimmy Choo at The Mall at Millenia, then taste the local vintage at the Lakeridge Winery. Find cheap flights to Orlando

Dubai, UAE – from £347
Save: over £50

With all its modern child-friendly attractions, Dubai has drawn an increasingly large portion of the family holiday market. Be sure to avoid all that, and the costs that go with it, by travelling the week before half term. That means you’ll have more to spend in the chic shopping centres, on a champagne brunch or on some cheap nuggets at the Gold Souk. Get your haggling hat on if you want to bag some bargain bullion though, and watch out for fool’s gold! Find cheap flights to Dubai

Jamaica – from £431
Save: over £200

Jamaica has the beaches, the relaxing atmosphere and the cocktails to make all your winter blues disappear. There are hotels to suit all tastes and price ranges, but one of the best is the ‘Breezes Runaway Bay Resort and Golf Club’ where you can have a round on the course before enjoying a round at the bar. You can also swim with dolphins, go river rafting, or visit the Bob Marley Museum. Head to this Caribbean country the week before school’s out and you’ll save over £200 on the flight. Find cheap flights to Jamaica

Marrakech, Morocco – from £160
Save: over £300

Marrakech’s close proximity to the UK has meant it’s become a rising star for those seeking somewhere exotic, yet only a short flight away. In the heart of the old city is Djemaa el-Fna, a busy square with a carnival-style atmosphere with entertainers, performers and delicious Moroccan food from local stalls. Adventurous travellers can even head out of the city to Oukaimeden in the Atlas Mountains for some African skiing. Go the week before the kids come out to play, and you’ll save over £300 on your flights. Find cheap flights to Marrakech


Paphos, Cyprus – from £109
Save: over £150

It may be at the cooler end of the temperature spectrum, but it´s still possible to enjoy days on the beach here during the winter months. Unlike other resorts on the island such as Ayia Napa, Paphos is open for business all year round and there are no less than eleven blue flag beaches in this region, making it an ideal base for exploring gems such as Konnos Bay, Cape Greco or nearby Coral Bay. Head off before half term and save more than £150 on your flight. Find cheap flights to Paphos

Luqa, Malta – from £114
Save: over £100

This small Mediterranean Island is fast becoming a popular spot with families due to its child-friendly attitude, year-round good weather and good value. Go the week before half term and you’ll be able to enjoy Malta’s distinct Mediterranean cuisine, intriguing architecture and interesting history that make it a great place for childless travellers too. The fact that you’ll save over £100 by travelling before the holiday helps sweeten the deal. Find cheap flights to Malta

Prices are for return flights and include all mandatory taxes, based on Saturday to Saturday, or Sunday to Sunday departure/return. Departures are from London airports, other options may be available. Prices correct at the time of writing but are subject to change. Please check for www.Skyscanner.net for the most up to date information.

About Skyscanner
Skyscanner is a leading travel search site based in Edinburgh, Scotland. Skyscanner provides instant online comparison on flight prices for over 67,000 routes on over 600 airlines, as well as car hire, hotel and holiday price comparison. With Skyscanner, users can browse without having to enter specific dates or even destinations, and Skyscanner is available in 20 different languages including French, German and Spanish.


Source
www.skyscanner.net
sam@skyscanner.net
Tel: +44 (0)131 252 5353

Ryanair announces new route to Fuerteventura, Canary Islands

Ryanair has announced a new route to Fuerteventura from East Midlands airpot in the UK. The new service will begin on the 3rd of May 2010 and bookings will be available on line from today at Ryanair

In the same announcement Ryanair said it will also fly to Treviso, Venice from the same airport from the 5th of May.

Ryanair’s Stephen McNamara said, "Ryanair continues to develop great new routes so that passengers can beat the recession by flying at Ryanair’s guaranteed lowest fares and no fuel surcharges to exciting destinations all over Europe."

The flights will also be good news for British owners of Fuerteventura property on the island and the islands expatriots.

Source Ryanair

Special tax allowances for the Canary Islands over its European mainland counterparts

The Canary Islands enjoys some major tax advantages over the rest of mainland Europe which have not really been exploited because of lack of information available these TAX advantages can be significant and could be the Canary Islands advantage over mainland Spain in the recovery of its economy in 2010.

The Canary Islands are made up of seven different Islands, Fuerteventura, Tenerife, Gran Canaria, Lanzarote, La Plama, La Gomera and El Herrio, situated in the Atlantic Ocean just off the North African coast of Morroco the Canaries enjoys good flight communication with the whole of Europe and the rest of the world through the hub of Madrid.

The Canary islands are renowned for its tourism all year through as well as second and holiday homes destinations for people from mixed European destinations who choose to buy property and real estate in the Canary Islands to enjoy winter temperatures of 20 – 21 degrees.

What is the Canary Islands Special Zone?
The Canary Islands Special Zone is a low tax zone created within the framework of the Canary Islands Economic and Fiscal Regime (REF) for the purpose of promoting the economic and social development of the Islands and diversifying their production structure.
The Canary Islands Special Zone was authorised by the European Commission in January 2000 and extended in December 2006. The Spanish Government subsequently adapted the regulations concerning the ZEC contained in the Canary Islands Economic and Fiscal Regime, in accordance with the terms of the corresponding authorisations (Title V of Law 19/1994, as amended by Royal Decree-Law 12/2006 and implemented by Royal Decree-Law 1758/2007 1758/2007).
The benefits provided by the Canary Islands Special Zone will initially remain in force until 31 December 2019, and this time frame may be extended on the authorisation of the European Commission. The final date for authorisation to register in the Official ZEC Register (ROEZEC) will initially be 31 December 2013.
Where can ZEC Entities be set up?
The ZEC covers the whole territory of the Canary Islands, with the following specifications:
Entities whose corporate purpose is the undertaking of service activities may set up anywhere within the territory of the Canary Islands.
Entities whose corporate purpose is the production, transformation, handling or commercialisation of goods may only set up within certain areas designated for these purposes.
Tax Benefits

Corporate Income Tax
ZEC entities are subject to the Corporate Income Tax in force in Spain, at a reduced rate of 4%. As of 2008, the Corporate Income Tax rate in Spain ranges from 25 to 30%. The special rate of 4% shall be applied to a maximum amount of the tax base, depending on the number of jobs created and the type of activity carried out by the ZEC Entity.
Net Employment Creation
Industrial Activities
Service Activities
Other services *
From 3 to 8 workers
€1,800,000
€1,500,000
€1,125,000
More than 8 and up to 12 workers
€2,400,000
€2,000,000
€1,500,000
More than 12 and up to 20 workers
€3,600,000
€3,000,000
€2,250,000
More than 20 and up to 50 workers
€9,200,000
€8,000,000
€6,000,000
More than 50 and up to 100 workers
€21,600,000
€18,000,000
€13,500,000
More than 100 workers
€120,000,000
€100,000,000
€75,000,000
*“Other Services” are considered to be: wholesale trade and commission trade (except of motor vehicles and motorcycles); activities of travel agencies and tour operators; other tourist assistance activities; computer and related activities; legal, accounting and book-keeping activities; tax consultancy; market research and public opinion polling; business and management consultancy; management activities of holding companies; and advertising and public relations services.
DOUBLE TAXATION AGREEMENTS, EUROPEAN UNION PARENT-SUBSIDIARY DIRECTIVE AND NON-RESIDENT INCOME TAX
The Canary Islands form part of the Spanish and European Union territory, which means that:
Double Taxation Agreements signed by Spain apply to ZEC Entities.
The European Union Parent-Subsidiary Directive applies to ZEC Entities. Therefore, dividends paid by subsidiaries of ZEC Entities to their parent companies resident in other countries within the European Union are exempt from withholding tax.
ZEC regulations include application of the following exemptions to income obtained by residents in non-EU states when the income is paid by a ZEC Entity and results from operations materially and effectively carried out within the geographical area of the ZEC.
Individuals: Interest and other returns obtained by the assignment of own capital to a third party, as well as capital gains on movable assets, obtained without the intermediation of a permanent establishment.Corporate Entities: profits paid to parent companies by its subsidiaries domiciled in Spain.
These exemptions will not apply when the income is obtained through tax havens or territories with which there is no effective exchange of tax information, or when the parent company has its tax residence in such countries or territories.
TRANSFER TAX AND STAMP DUTY
ZEC Entities are exempt from Transfer Tax and Stamp Duty in the following cases:
The acquisition of assets and rights to be used for carrying out the activity of the ZEC Entity within the geographical area of the ZEC.
Company operations carried out by ZEC Entities, except in the case of their dissolution.
Stamp Duty on documents associated with operations carried out by ZEC Entities within the geographical area of the ZEC.
CANARY ISLANDS GENERAL INDIRECT TAX (IGIC) (VAT)
IGIC is the Canary Islands indirect tax levied on final consumption, in substitution of the European Union Value Added Tax (VAT). It is similar in nature to VAT, although there are major differences such as the lower tax rates. The general IGIC rate is 5%.
Within the regime of the ZEC, the provision of goods and services among ZEC Entities is exempt from IGIC, as is the importing of goods by ZEC Entities.
What are the reguirements to becoming a ZEC entity?
· The entity must be newly created and have its registered office and effective place of management within the geographical area of the ZEC
· At least one of the administrators must be resident in the Canary Islands.
· A minimum investment of €100,000 euros must be made in the case of Tenerife or Gran Canaria, or €50,000 in the case of Fuerteventura, Lanzarote, La Gomera, El Hierro or La Palma, in fixed assets related to the business activity within the first 2 years following registration.
· A minimum of 5 or 3 jobs must be created, depending on whether the location is one of the capital islands or an outlying island, in the first 6 months following registration, and this average must be maintained during the time the entity remains within the ZEC.
· The corporate purpose must consist of undertaking, within the area of the ZEC, one of the authorised activities.

DETAILED LIST OF ACTIVITIES (NACE)
PRODUCTION,
TRANSFORMATION AND
HANDLING ACTIVITIES AND
WHOLESALE DISTRIBUTION OF
GOODS:
FISHING. NACE B.
1. Fishing (05.01)
2. Fish farming (05.02)
MANUFACTURE OF FOOD
PRODUCTS, BEVERAGES AND
TOBACCO. NACE DA.
1. Production, processing and preserving
of meat and meat products (15.1)
• Production and preserving of meat
(15.11)
• Production and preserving of
poultrymeat (15.12)
• Production of meat and
poultrymeat products (15.13)
2. Processing and preserving of fish and
fish products (15.2)
3. Processing and preserving of fruit and
vegetables (15.3)
• Processing and preserving of
potatoes (15.31)
• Manufacture of fruit and vegetable
juice (15.32)
• Processing and preserving of fruit
and vegetables n.e.c. (15.33)
4. Manufacture of vegetable and animal
oils and fats (15.4)
• Manufacture of crude oils and fats
(15.41)
• Manufacture of refined oils and fats
(15.42)
• Manufacture of margarine and
similar edible fats (15.43)
5. Manufacture of dairy products (15.5)
• Operation of dairies and cheese
making (15.51)
• Manufacture of ice cream (15.52)
6. Manufacture of grain mill products,
starches and starch products (15.6)
• Manufacture of grain mill products
(15.61)
• Manufacture of starches and starch
products (15.62)
7. Manufacture of prepared animal feeds
(15.7)
• Manufacture of prepared feeds for
farm animals (15.71)
• Manufacture of prepared pet foods
(15.72)
8. Manufacture of other food products
(15.8)
• Manufacture of bread; manufacture
of fresh pastry goods and cakes
(15.81)
• Manufacture of rusks and biscuits;
manufacture of preserved pastry
goods and cakes (15.82)
• Manufacture of sugar (15.83)
• Manufacture of cocoa; chocolate
and sugar confectionery (15.84)
• Manufacture of macaroni, noodles,
couscous and similar farinaceous
products (15.85)
• Processing of tea and coffee (15.86)
• Manufacture of condiments and
seasonings (15.87)
• Manufacture of homogenized food
preparations and dietetic food
(15.88)
2
Information Bulletin
• Manufacture of other food products n.e.c. (15.89)
9. Manufacture of beverages (15.9)
• Manufacture of distilled potable alcoholic beverages
(15.91)
• Production of ethyl alcohol from fermented
materials (15.92)
• Manufacture of wines (15.93)
• Manufacture of cider and other fruit wines (15.94)
• Manufacture of other non-distilled fermented
beverages (15.95)
• Manufacture of beer (15.96)
• Manufacture of malt (15.97)
• Production of mineral waters and soft drinks (15.98)
10. Manufacture of tobacco products (16.0)
MANUFACTURE OF MADE-UP TEXTILE
ARTICLES AND ARTICLES OF FUR.
NACE 17.4, 17.5, 17.6, 17 and 18.
1. Manufacture of made-up textile articles, except apparel
(17.4)
2. Manufacture of other textiles (17.5)
• Manufacture of carpets and rugs (17.51)
• Manufacture of cordage, rope, twine and netting
(17.52)
• Manufacture of non-wovens and articles made from
non-wovens, except apparel (17.53)
• Manufacture of other textiles n.e.c. (17.54)
3. Manufacture of knitted and crocheted fabrics (17.6)
4. Manufacture of knitted and crocheted articles (17.7)
• Manufacture of knitted and crocheted hosiery (17.71)
• Manufacture of knitted and crocheted pullovers,
cardigans and similar articles (17.72)
5. Manufacture of wearing apparel; dressing and dyeing of
fur (18)
• Manufacture of leather clothes (18.1)
• Manufacture of other wearing apparel and
accessories (18.2)
• Manufacture of workwear (18.21)
• Manufacture of other outerwear (18.22)
• Manufacture of underwear (18.23)
• Manufacture of other wearing apparel and
accessories n.e.c. (18.24)
• Dressing and dyeing of fur; manufacture of articles of
fur (18.3)
MANUFACTURE OF LEATHER AND LEATHER
PRODUCTS. NACE DC.
1. Tanning and dressing of leather (19.1)
2. Manufacture of luggage, handbags and the like, saddlery
and harnesses (19.2)
3. Manufacture of footwear (19.3)
MANUFACTURE OF PULP, PAPER AND PAPER
PRODUCTS; PUBLISHING AND PRINTING.
NACE DE.
1. Manufacture of pulp, paper and paper products (21)
• Manufacture of pulp (21.11)
• Manufacture of paper and paperboard (21.12)
• Manufacture of corrugated paper and paperboard
and of containers of paper and paperboard (21.21)
• Manufacture of household and sanitary goods and of
toilet requisites (21.22)
• Manufacture of paper stationery (21.23)
• Manufacture of wallpaper (21.24)
• Manufacture of other articles of paper and
paperboard n.e.c. (21.25)
2. Publishing (22.1)
• Publishing of books (22.11)
• Publishing of newspapers (22.12)
• Publishing of journals and periodicals (22.13)
• Publishing of sound recordings (22.14)
• Other publishing (22.15)
3. Printing and service activities related to printing (22.2)
• Printing of newspapers (22.21)
• Printing n.e.c. (22.22)
• Bookbinding (22.23)
• Pre-press activities (22.24)
• Ancillary activities related to printing (22.25)
4. Reproduction of recorded media (22.3)
• Reproduction of sound recording (22.31)
• Reproduction of video recording (22.32)
• Reproduction of computer media (22.33)
MANUFACTURE OF CHEMICALS AND
CHEMICAL PRODUCTS. NACE 24.
1. Manufacture of basic chemicals (24.1)
• Manufacture of industrial gases (24.11)
• Manufacture of dyes and pigments (24.12)
• Manufacture of other inorganic basic chemicals
(24.13)
3
Detailed List of Activities
• Manufacture of other organic basic chemicals (24.14)
• Manufacture of fertilizers and nitrogen compounds
(24.15)
• Manufacture of plastics in primary forms (24.16)
• Manufacture of synthetic rubber in primary forms
(24.17)
2. Manufacture of pesticides and other agro-chemical
products (24.2)
3. Manufacture of paints, varnishes and similar coatings,
printing ink and mastics (24.3)
4. Manufacture of pharmaceuticals, medicinal chemicals
and botanical products (24.4)
• Manufacture of basic pharmaceutical products
(24.41)
• Manufacture of pharmaceutical preparations (24.42)
5. Manufacture of soap and detergents, cleaning and
polishing preparations (24.51)
6. Manufacture of perfumes and toilet preparations (24.52)
7. Manufacture of other chemical products (24.6)
• Manufacture of explosives (24.61)
• Manufacture of glues and gelatines (24.62)
• Manufacture of essential oils (24.63)
• Manufacture of photographic chemical material
(24.64)
• Manufacture of prepared unrecorded media (24.65)
• Manufacture of other chemical products n.e.c.
(24.66)
8. Manufacture of man-made fibres (24.7)
PREFABRICATED BUILDING PRODUCTS. NACE
20.2, 20.3, 24.3, 25.2, 26.1, 26.2, 26.3, 26.4, 26.7, 28.1,
28.12, 28.2, 28.63, 28.7, 36.1, 45.25, 45.3 and 45.4.
1. Manufacture of veneer sheets; manufacture of plywood,
laminboard, particle board, fibre board and other panels
and boards (20.2)
2. Manufacture of builders’ carpentry and joinery (20.3)
3. Manufacture of paints, varnishes and similar coatings,
printing ink and mastics (24.3)
4. Manufacture of plastic products (25.2)
• Manufacture of plastic plates, sheets, tubes and
profiles (25.21)
• Manufacture of plastic packing goods (25.22)
• Manufacture of builders’ ware of plastic (25.23)
• Manufacture of other plastic products (25.24)
5. Manufacture of glass and glass products (26.1)
• Manufacture of flat glass (26.11)
• Shaping and processing of flat glass (26.12)
• Manufacture of hollow glass (26.13)
• Manufacture of glass fibres (26.14)
• Manufacture and processing of other glass, including
technical glassware (26.15)
6. Manufacture of non-refractory ceramic goods other
than for construction purposes; manufacture of
refractory ceramic products (26.2)
• Manufacture of ceramic household and ornamental
articles (26.21)
• Manufacture of ceramic sanitary fixtures (26.22)
• Manufacture of ceramic insulators and insulating
fittings (26.23)
• Manufacture of other technical ceramic products
(26.24)
• Manufacture of other ceramic products (26.25)
• Manufacture of refractory ceramic products (26.26)
7. Manufacture of ceramic tiles and flags (26.3)
8. Manufacture of bricks, tiles and construction products,
in baked clay (26.4)
9. Cutting, shaping and finishing of ornamental and building
stone (26.7)
10. Manufacture of structural metal products (28.1)
• Manufacture of metal structures and parts of
structures (28.11)
• Manufacture of builders’ carpentry and joinery of
metal (28.12)
11. Manufacture of tanks, reservoirs and containers of
metal; manufacture of central heating radiators and
boilers (28.2)
• Manufacture of tanks, reservoirs and containers of
metal (28.21)
• Manufacture of central heating radiators and boilers
(28.22)
12. Manufacture of locks and hinges (28.63)
13. Manufacture of other fabricated metal products (28.7)
• Manufacture of steel drums and similar containers
(28.71)
• Manufacture of light metal packaging (28.72)
• Manufacture of wire products (28.73)
• Manufacture of fasteners, screw machine products,
chain and springs (28.74)
• Manufacture of other fabricated metal products
n.e.c. (28.75)
4
Information Bulletin
14. Manufacture of furniture (36.1)
• Manufacture of chairs and seats (36.11)
• Manufacture of other office and shop furniture
(36.12)
• Manufacture of other kitchen furniture (36.13)
• Manufacture of other furniture (36.14)
• Manufacture of mattresses (36.15)
15. Other construction work involving special trades
(45.25)
16. Building installation (45.3)
• Installation of electrical wiring and fittings (45.31)
• Insulation work activities (45.32)
• Plumbing (45.33)
• Other building installation (45.34)
17. Building completion (45.4)
• Plastering (45.41)
• Joinery installation (45.42)
• Floor and wall covering (45.43)
• Painting and glazing (45.44)
• Other building completion (45.45)
MANUFACTURE OF MACHINERY AND
EQUIPMENT n.e.c. NACE 29.
1. Manufacture of machinery for the production and use
of mechanical power, except aircraft, vehicle and cycle
engines (29.1)
• Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines (29.11)
• Manufacture of pumps and compressors ( 29.12)
• Manufacture of taps and valves (29.13)
• Manufacture of bearings, gears, gearing and driving
elements (29.14)
2. Manufacture of other general purpose machinery (29.2)
• Manufacture of furnaces and furnace burners (29.21)
• Manufacture of lifting and handling equipment (29.22)
• Manufacture of non-domestic cooling and ventilation
equipment (29.23)
• Manufacture of other general purpose machinery
n.e.c. (29.24)
3. Manufacture of agricultural and forestry machinery
(29.3)
• Manufacture of agricultural tractors (29.31)
• Manufacture of other agricultural and forestry
machinery (29.32)
4. Manufacture of machine-tools (29.4)
• Manufacture of portable hand held power tools
(29.41)
• Manufacture of other metalworking machine tools
(29.42)
• Manufacture of other machine tools n.e.c. (29.43)
5. Manufacture of other special purpose machinery (29.5)
• Manufacture of machinery for metallurgy (29.51)
• Manufacture of machinery for mining, quarrying and
construction (29.52)
• Manufacture of machinery for food, beverage and
tobacco processing (29.53)
• Manufacture of machinery for textile, apparel and
leather production (29.54)
• Manufacture of machinery for paper and paperboard
production (29.55)
• Manufacture of other special purpose machinery
n.e.c. (29.56)
6. Manufacture of weapons and ammunition (29.6)
7. Manufacture of domestic appliances n.e.c. (29.7)
• Manufacture of electric domestic appliances (29.71)
• Manufacture of non-electric domestic appliances
(29.72)
MANUFACTURE OF ELECTRICAL AND
OPTICAL EQUIPMENT. NACE DL.
1. Manufacture of office machinery and computers (30.0)
• Manufacture of office machinery (30.01)
• Manufacture of computers and other information
processing equipment (30.02)
2. Manufacture of electrical machinery and apparatus n.e.c.
(31)
• Manufacture of electric motors, generators and
transformers (31.1)
3. Manufacture of electricity distribution and control
apparatus (31.2)
4. Manufacture of insulated wire and cable (31.3)
5. Manufacture of accumulators, primary cells and primary
batteries (31.4)
6. Manufacture of lighting equipment and electric lamps
(31.5)
7. Manufacture of electrical equipment n.e.c. (31.6)
• Manufacture of electrical equipment for engines and
vehicles n.e.c. (31.61)
• Manufacture of other electrical equipment n.e.c.
(31.62)
5
Detailed List of Activities
8. Manufacture of radio, television and communication
equipment and apparatus (32)
• Manufacture of electronic valves and tubes and other
electronic components (32.1)
• Manufacture of television and radio transmitters
and apparatus for line telephony and line telegraphy
(32.2)
• Manufacture of television and radio receivers, sound
or video recording or reproducing apparatus and
associated goods (32.3)
9. Manufacture of medical, precision and optical
instruments, watches and clocks (33)
• Manufacture of medical and surgical equipment and
orthopaedic appliances (33.1)
• Manufacture of instruments and appliances for
measuring, checking, testing, navigating and other
purposes, except industrial process control
equipment (33.2)
• Manufacture of industrial process control equipment
(33.3)
• Manufacture of optical instruments and photographic
equipment (33.4)
• Manufacture of watches and clocks (33.5)
MANUFACTURE OF AIRCRAFT AND
SPACECRAFT. NACE 35.30.
MANUFACTURE OF FURNITURE;
MANUFACTURING N.E.C. NACE 36.
1. Manufacture of furniture (36.1)
• Manufacture of chairs and seats (36.11)
• Manufacture of other office and shop furniture
(36.12)
• Manufacture of other kitchen furniture (36.13)
• Manufacture of other furniture (36.14)
• Manufacture of mattresses (36.15)
2. Manufacture of jewellery and related articles (36.2)
• Striking of coins (36.21)
• Manufacture of jewellery and related articles n.e.c.
(36.22)
3. Manufacture of musical instruments (36.3)
4. Manufacture of sports goods (36.4)
5. Manufacture of games and toys (36.5)
6. Miscellaneous manufacturing n.e.c. (36.6)
• Manufacture of imitation jewellery (36.61)
• Manufacture of brooms and brushes (36.62)
• Other manufacturing n.e.c. (36.63)
RECYCLING. NACE 37.
1. Recycling of metal waste and scrap (37.1)
2. Recycling of non-metal waste and scrap (37.2)
WHOLESALE TRADE AND COMMISSION
TRADE. NACE 50 and 51.
1. Sale of motor vehicles (50.1)
2. Maintenance and repair of motor vehicles (50.2)
3. Sale of motor vehicle parts and accessories (50.3)
4. Sale, maintenance and repair of motorcycles and related
parts and accessories (50.4)
5. Retail sale of automotive fuel (50.5)
6. Wholesale on a fee or contract basis (51.1)
• Agents involved in the sale of agricultural raw
materials, live animals, textile raw materials and
semi-finished goods (51.11)
• Agents involved in the sale of fuels, ores, metals and
industrial chemicals (51.12)
• Agents involved in the sale of timber and building
materials (51.13)
• Agents involved in the sale of machinery, industrial
equipment, ships and aircraft (51.14)
• Agents involved in the sale of furniture, household
goods, hardware and ironmongery (51.15)
• Agents involved in the sale of textiles, clothing,
footwear and leather goods (51.16)
• Agents involved in the sale of food, beverages and
tobacco (51.17)
• Agents specializing in the sale of particular products
or ranges of products n.e.c. (51.18)
• Agents involved in the sale of a variety of goods
(51.19)
7. Wholesale of agricultural raw materials and live animals
(51.2)
• Wholesale of grain, seeds and animal feeds (51.21)
• Wholesale of flowers and plants (51.22)
• Wholesale of live animals (51.23)
• Wholesale of hides, skins and leather (51.24)
• Wholesale of unmanufactured tobacco (51.25)
8. Wholesale of food, beverages and tobacco (51.3)
6
Information Bulletin
• Wholesale of fruit and vegetables (51.31)
• Wholesale of meat and meat products (51.32)
• Wholesale of dairy produce, eggs and edible oils and
fats (51.33)
• Wholesale of alcoholic and other beverages (51.34)
• Wholesale of tobacco products (51.35)
• Wholesale of sugar and chocolate and sugar
confectionery (51.36)
• Wholesale of coffee, tea, cocoa and spices (51.37)
• Wholesale of other food, including fish, crustaceans
and molluscs (51.38)
• Non-specialized wholesale of food, beverages and
tobacco (51.39)
9. Wholesale of household goods (51.4)
• Wholesale of textiles (51.41)
• Wholesale of clothing and footwear (51.42)
• Wholesale of electrical household appliances and
radio and television goods (51.43)
• Wholesale of china and glassware, wallpaper and
cleaning materials (51.44)
• Wholesale of perfume and cosmetics (51.45)
• Wholesale of pharmaceutical goods (51.46)
• Wholesale of other household goods (51.47)
10. Wholesale of non-agricultural intermediate products,
waste and scrap (51.5)
• Wholesale of solid, liquid and gaseous fuels and
related products (51.51)
• Wholesale of metals and metal ores (51.52)
• Wholesale of wood, construction materials and
sanitary equipment (51.53)
• Wholesale of hardware, plumbing and heating
equipment and supplies (51.54)
• Wholesale of chemical products (51.55)
• Wholesale of other intermediate products (51.56)
• Wholesale of waste and scrap (51.57)
11. Wholesale of machinery, equipment and supplies (51.8)
• Wholesale of machine-tools (51.81)
• Wholesale of mining, construction and civil
engineering machinery (51.82)
• Wholesale of machinery for the textile industry and
of sewing and knitting machines (51.83)
• Wholesale of computers, computer peripheral
equipment and software (51.84).
• Wholesale of other office machinery and equipment
(51.85)
• Wholesale of other machinery for use in industry,
trade and navigation (51.87)
• Wholesale of agricultural machinery and accessories
and implements, including tractors (51.88)
12. Other wholesale (51.9)
PRODUCTION OF RENEWABLE ENERGY. NACE
40.10.
SERVICE ACTIVITIES:
TRANSPORT, STORAGE AND
COMMUNICATION. NACE I.
1. Land transport; transport via pipelines (60)
• Transport via railways (60.1)
• Other scheduled passenger land transport (60.21)
• Taxi operation (60.22)
• Other land passenger transport (60.23)
• Freight transport by road (60.24)
• Transport via pipelines (60.3)
2. Water transport (61)
3. Air transport (62)
• Scheduled air transport (62.1)
• Non-scheduled air transport (62.2)
• Space transport (62.3)
4. Supporting and auxiliary transport activities; activities of
travel agencies (63)
• Cargo handling (63.11)
• Storage and warehousing (63.12)
5. Other supporting transport activities (63.2)
• Other supporting land transport activities (63.21)
• Other supporting water transport activities (63.22)
• Other supporting air transport activities (63.23)
6. Activities of travel agencies and tour operators; tourist
assistance activities n.e.c. (63.3)
7. Activities of other transport agencies (63.4)
8. Post and courier activities (64.1)
• National post activities (64.11)
• Courier activities other than national post activities
(64.12)
9. Telecommunications (64.2)
MAINTENANCE AND REPAIR OF MOTOR
VEHICLES. NACE 50.2.
7
Detailed List of Activities
* Co-ordination centres and intra-group services are excluded from the services included in NACE group 74.15 (“Other business activities”).
COMPUTER AND RELATED ACTIVITIES.
NACE 72.
1. Hardware consultancy (72.1)
2. Software consultancy and supply (72.2)
• Publishing of software (72.21)
• Other software consultancy and supply (72.22)
3. Data processing (72.3)
4. Database activities (72.4)
5. Maintenance and repair of office, accounting and
computing machinery (72.5)
6. Other computer related activities (72.6)
SERVICES RELATED TO THE EXPLOITATION
OF NATURAL RESOURCES AND WASTE
DISPOSAL. NACE N.E.C. (NOT ELSEWHERE
CLASSIFIED).
RESEARCH AND DEVELOPMENT. NACE 73.
1. Research and experimental development on natural
sciences and engineering (73.1)
2. Research and experimental development on social
sciences and humanities (73.2)
OTHER BUSINESS ACTIVITIES. NACE 74.
1. Legal activities (74.11)
2. Accounting, book-keeping and auditing activities; tax
consultancy (74.12)
3. Market research and public opinion polling (74.13)
4. Business and management consultancy activities (74.14)
5. Management activities of holding companies* (74.15)
6. Architectural and engineering activities and related
technical consultancy (74.2)
7. Technical testing and analysis (74.3)
8. Advertising (74.4)
9. Labour recruitment and provision of personnel (74.5)
10. Investigation and security activities (74.6)
11. Industrial cleaning (74.7)
12. Miscellaneous business activities n.e.c. (74.8)
• Photographic activities (74.81)
• Packaging activities (74.82)
• Secretarial and translation activities (74.85)
• Call centre activities (74.86)
• Other business activities n.e.c. (74.87)
SPECIALIZED AND POSTGRADUATE TRAINING
SERVICES. NACE 80.3 and 80.4.
1. Higher education (80.3)
2. Adult and other education (80.4)
• Driving school activities (80.41)
• Adult and other education n.e.c. (80.42)
MOTION PICTURE AND VIDEO PRODUCTION.
NACE 92.11.
RADIO AND TELEVISION ACTIVITIES. NACE
92.20.

Thomas Cook announce flight deals to Fuerteventura and the Canary Island

Thomas Cook are offering some great deals on flights to the Canaries with £20 off seats between February and April.

Flights to Fuerteventura can be found from as little as £51.99

These are fantastic prices for those wishing to find some winter sun and for property owners on the Canary islands looking to visit the UK for the winter sales.

Skyscanner reveals top 50 destinations for UK travellers

Travel search site www.skyscanner.com reveals the top 50 most searched for destinations from UK airports for travel in 2010.

In the top spot is Malaga, moving up one place from last year. Tenerife and Alicante are second and third, meaning Spain takes the top three positions.

Orlando is a new entry into the top ten, rising 12 places since last year. Dalaman holds its position as the 5th most searched for destination for a second year in a row, whist New York also brakes into the top 10, up five positions from last year.

Palma comes in 8th, losing one spot since last year; Lanzarote is 9th, rising four places, and Geneva is 10th, dropping two places.

Overall Spain is yet again the most popular country for Brits to visit, with 11 Spanish destinations within the top 50, five of which are in the top 10.

“These early indications show that Spain is still by far the most popular destination for British travellers. Medium and long haul locations also seem to be on the rise compared to last year, suggesting that holiday budgets may be growing after a tough financial year” said Barry Smith, Skyscanner co-founder and business director.

Brand new entries to the top 10 are Johannesburg and Cape Town, which will be welcoming the World Cup in 2010. Melbourne, Kuala Lumpur and Hong Kong also entered the top 50.

Destinations dropping most in search volume are Edinburgh, Salzburg, Murcia and London. Fuerteventura also fell in the rankings but the fall was dispraportionate to the year before because of Ryanair suspending its service. Other airlines stepped in, such as Easyjet, Palm Air, Monarch and Jet2 to fill the gap but not in time to halt the slide in the ranking. In the coming year Fuerteventura will be helped with the new airport terminal opening and the capability to welcome more flights to the island. Irish property owners and visitors will be helped with Ryanair reinstating its flights to the island in March 2010.

1. Malaga, (Spain) [+1]
2. Tenerife (Spain) [+2]
3. Alicante (Spain)[0]
4. Orlando (USA) [+12]
5. Dalaman (Turkey) [0]
6. Faro (Portugal) [0]
7. New York (USA) [+5]
8. Palma (Spain) [-1]
9. Lanzarote (Spain) [+4]
10. Geneva (Switzerland) [-2]

11. Bangkok (Thailand) [+11]
12. Paphos (Cyprus) [-3]
13. Barcelona (Spain) [+1]
14. London (UK) [-13]
15. Bodrum (Turkey) [-4]
16. Paris (France) [+1]
17. Rome (Italy) [-2]
18. Gran Canaria (Spain) [+1]
19. Larnaca (Cyprus) [+1]
20. Sydney (Australia) [+7]

21. Johannesburg (South Africa) [New Entry]
22. Amsterdam (Netherlands) [-4]
23. Murcia (Spain) [-13]
24. Dublin (Ireland) [-1]
25. Ibiza (Spain) [+5]
26. Prague (Czech Republic) [-2]
27. Sharm El Sheikh (Egypt) [+11]
28. Auckland (New Zealand) [+11]
29. Venice (Italy) [+4]
30. Luqa (Malta) [+5]



31. Krakow (Poland) [-5]
32. Las Vegas (USA) [+13]
33. Cape Town (South Africa) [New Entry]
34. Melbourne (Australia) [New Entry]
35. Fuerteventura (Spain) [-10]
36. Berlin (Germany) [+1]
37. Kuala Lumpur (Malaysia) [New Entry]
38. Marrakech (Morocco) [-9]
39. Milan (Italy) [-7]
40. Dubai (UAE) [New Entry]

41. Madrid (Spain) [-5]
42. Hong Kong (Hong Kong) [New Entry]
43. Perth (Australia) [New Entry]
44. Edinburgh (UK) [-16]
45. Munich (Germany) [New Entry]
46. Salzburg (Austria) [-15]
47. Crete (Greece) [-6]
48. Brisbane (Australia) [New Entry]
49. Sofia (Bulgaria) [-2]
50. Nice (France) [-2]

About Skyscanner
Skyscanner is a leading travel search site based in Edinburgh, Scotland. Skyscanner provides instant online comparison on flight prices for over 670,000 routes on over 600 airlines, as well as car hire, hotel and holiday price comparison. With Skyscanner, users can browse without having to enter specific dates or even destinations, and Skyscanner is available in 20 different languages including French, German and Spanish.

International Business Opportunity with leading real estate company in the Canary Islands

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Our Partnership program is looking to offer exciting opportunities to selected individuals that want to run their own business in the Canary Islands with ongoing existing business available for franchise.
Low Initial start up costs,Full Training and Ongoing Support provided.

Take the initiative today and invest in your career and lifestyle for a future in the sun!

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Ryanair announce New Route From Bornemouth to Fuerteventura, Canary Islands

Ryanair has confirmed today, 18 December, that it will operate ten routes from Fuerteventura from March 2010 to Bornemouth, Brussels ,Dublin, Dusseldorf, Frankfurt (Hahn), Glasgow (Prestwick) , Liverpool, Madrid, Milan (Bergamo), and Pisa. The airline stated that the new routes will generate 300,000 new passengers and create 300 jobs in Fuerteventura in the Canary islands.

Ryanair celebrates its return to Fuerteventura a special discount program of 500,000 seats for 5 € for for January, valid for travel on Tuesdays, Wednesdays and Thursdays, until midnight Sunday 20 December at www.ryanair.com

Today in Fuerteventura Michael Cawley, Ryanair's vice president said, "At Ryanair we are delighted to return to Fuerteventura with ten new routes and also to extend existing routes to the Canary Islands throughout our summer season of 2010, thus we continue to offer even lower rates, competition and freedom of choice to passengers and visitors to the Canary Islands".

2009/2010 Currency Round-Up from Currencies Direct

Watching the price action between Sterling/Euro over the past few months has been like trying to push a dinosaur uphill - slow and frustrating! However, as we end the year it looks like Sterling has moved away from the threat of parity and should mover higher in 2010 with the potential for a 15 % appreciation against the Euro.

The recent bout of Sterling weakness was partly fuelled by comments from the Bank of England(BoE), underling the fact that a weak currency was crucial if the UK was to not only export its way out of the global economic slump, but it would also make the UK a much more attractive proposition for overseas investors.

A clear sign then from the BoE that a weak pound was of no real concern and something they would not look to prevent. With the UK enjoying extremely flexible labour laws and a fairly resistant consumer, the BoE is looking for the pound to take the “bad medicine “ahead of the Euro and bounce back in 2010.


The data coming out of the euro zone has been patchy to say the least, with the strong data out of Germany and France overshadowing the weak data from the rest of the member states,and following the problems in Greece growth in the euro zone in 2010 could lag behind that of the USA and Japan again a problem weighing on the single currency The ratification of the Lisbon treaty by the Irish has gone mainly unnoticed by the currency markets, as it was seen as a forgone conclusion. Going into 2010 what will be of most interest, is how the different member states handle their economies. It was very easy for the European Central Bank (ECB) to slash rates along with the rest of the world. However, as the global economy starts to gather pace, not all member sates will relish higher interest rates. Ireland, Greece, Portugal and Spain will not welcome higher rates and the Germans, with their huge budget surplus, have stated they will not be prepared to subsidise other member states. It could prove a real test of the “European dream”.

In the current climate, currency markets overreact and that is why a move to parity still cannot be ruled out. However, if the UK economy starts to grow and the ever increasing fiscal debt can continue to be sold into the world markets, then a strong move higher in 2010 will happen . With the threat of a double dip recession upon us, and unemployment continuing to rise in the UK and the Euro Zone, it could be the flexibility and agility of the UK economy against the one size fits all policy of the Euro Zone that sparks this move higher.

2010 will prove to be a real test for Europe as the weaker member states who have mishandled their economies during the good times find the currency markets will be very unforgiving in the bad times.

Source- Keith Spitalnick, Currency Direct

New Yacht Marina Is To Be Constructed In Corralejo, Fuerteventura, Canary Islands

A new yacht marina is to be constructed in Corralejo, Fuerteventura which will provide 650 private moorings in an adventurous expansion plan of the present harbour. The project, which will be funded by the Canarian Government, is in the early stages of planning but it is hoped that it will go out to tender early next year.

Corralejo harbour is one of the busiest in the Canaries with over a million passengers a year using the ferry link to Lanzarote and the project will ensure that increasing passenger demand can be met.

The scheme will create two new commercial jetties and a multi purpose water sports building as well as the marina. Once the construction work begins it is expected to take around two years to complete.

This is good news for home owners and investors as marinas are sort after locations for property purchasers and the construction of the new marina will mean that homes in the immediate area will be at a premium.

Where Is Your Pound going in Spanish Real Estate today

Keith Spitalnick Business Development Manager of Currencies Direct predicts an upward trend for the Value of sterling against the euro by the year end. This is good news for Spanish Real Estate and people looking to buy property in the Canary Islands and Spain, prices could not be better as many new properties today are being offered at discounts and of course you have very good prices on some resale properties from people that are having to sell their Spanish property.

Read Keith full story and prediction of how he sees sterling moving, Keith commented, I keep getting asked is where I see GBP/EUR headed by then. I personally feel that GBP/EUR is in an upward trend however the language from the Bank of England is holding it back, trying to hold the pound low. After Christmas sterling could start to rally. 1.1500 is my short term target.


It’s been another busy week for GBP/EUR as the fallout from the latest Quarterly Inflation report was digested in the papers; the Banks assessment for growth is now twice the latest consensus of their panel of independent forecasters and their predictions for inflation and interest rate levels over the next couple of years have been revised sharply higher. This helped to boost the pound ahead of the Bank of England minutes last Wednesday. The pound also rallied as we saw the UK inflation numbers come in higher than expected. This gave Sterling a strong boost all round, on expectations that, with inflation “surging”, rates might have to be raised sooner rather than later. I think that this is an unlikely scenario and that Base Rates will remain at these low levels until the 3rd quarter next year, possibly longer.


The Euro was not so fortunate with comments from ECB president Trichet rattling the euro. He commented that the fiscal situation in some European countries is so bad that there is a danger that markets will lose faith in them. At last a bit of plain talking from the ECB! In addition we saw the Euro current account showing a deficit of €5.4 billion - this was concerning as it identified a surge in imports and slumping exports; this could bring the strength of the euro back to the fore as a red flag for the ECB. If this issue is raised it could start to turn the tide on recent euro strength…

Unfortunately the pound could not hold onto its gains after peaking at 1.13. This was due to the split decision from the Bank of England who were split three ways on the November Quantitative Easing vote. 7 backed the £25 billion increase, David Miles wanted a £40 billion increase and Spencer Dale wanted no change. This undermined sterling which immediately dropped over half a cent against the USD and the Euro. The split has highlighted the indecision on future policy and this is hardly surprising given the implications on monetary policy decisions within the current economic climate.

So overall its the same old problems hurting the pound in the form of QE and concern over public debt. However it is widely expected that UK GDP will be revised higher next week for the third quarter and that fourth quarter data will show an exit from the recession...therefore the pound should start to perform better going forward. Last week we also witnessed one or two red flags from the Euro zone and the recent support of the euro against the US dollar could wane if more concerns arise...this would certainly play into GBP/EUR gains.



www.currenciesdirect.com

Cheaper Airfares with - Aer Lingus to Canary Islands, From Dublin To Fuerteventura And Belfast to Tenerife….

New flights by Aer Lingus from Dublin to Fuerteventura and Belfast to Tenerife will begin in October, brings big relief to overseas property buyers, despite plans to cut planes from some of its other routes.
Aer Lingus advanced bookings for flights to the Canary Islands has been good and it is anticipated by the airline operator that their main passengers will be people looking to purchase Real Estate or to rent holiday property independently from tour operators in the Canaries.

There is a trend now in Fuerteventura for tourists to be moving away from the all inclusive packages to finding their own apartments or villas to rent, it has been reported by Room To Breathe a local management and letting agent in Fuerteventura that they are finding increasing numbers of enquiries for rural holidays in Fuerteventura.

Fuerteventura's Tefia Garden Centre And Italy's Baroni Family Produce Two new Liqueurs

Fuerteventura’s Tefia Garden centre has teamed up with the world famous Italian Baroni family distillery to produce two liqueur type drinks made from the flowers of the Aloe Vera Plant.

Boroni have been making Grappa since 1849 and they still use the old method of using a copper still producing the alcohol slowly over real fires. This method improves the taste and and ensures that no additives are needed. Garden centre owner Saskia said “Boroni works with high-class restaurants world wide and so you can imagine that it's a privilege for us to work with this company and that they have put their name to these two products”. The Aloe Vera plants have been grown ecologically for the last 7 years.

One of our dinks is called "Distillato di Aloe Vera di Fuerteventura" which is made the same way as the Grappa. As the connoisseurs know, the Grappa is made from only grapes. Therefore our product is called "Distillato". The "Distillato" is best served as a digestive (at room-temparature after dinner), together with a nice (Italian) coffee.
Our other product is called "Liquore di Aloe Vera di Fuerteventura" it is lower in alcohol percentage, softer and a little sweeter of taste. The "Liquore" is best served with crushed ice, nice and cold, after or in the evening. Both product have got there distinctive perfume and the aroma of the original material, the Aloe Vera flower!

If you would like to purchase any of the above mentioned products, it is now for sale in Garden-Centre "HAPPY PLANTS" in Tefia. Open Wednesday-Sunday, 09:00-18:00. Or contact Saskia by E-mail: aloefenimoy@hotmail.com

Optimism Is High For The Canary Islands Future

The year 2010 will be a significant milestone for the resurgence of the Canaries, and optimism is high for the Canary Islands future top politicians believe.
The European Union will be under Spanish presidency and president of the Government of Spain José Luis Rodríguez Zapatero believes this will give the archipelago a chance to put itself firmly on the European map. Despite the effects of the economic recession, Zapatero feels the Canary Islands can act as an international platform in relation to other continents for business and commerce opportunities. One big opportunity will be when the islands host a summit of countries from West Africa in Las Palmas. ZP says this will give Europe another chance to discover the Canaries which, he says, can forge ahead with vigour and force following the economic crisis.
The Spanish premier made his comments following a meeting with Socialists in Lanzarote. He revealed that the Cabinet will present, debate and approve a special plan of action on October 9. This strategy will continue medium and long-term measures for the reactivation of the Canary Islands which have been hard hit by the downturn. Zapatero says the plan is vital because of the archipelago's problems with tourism, the construction industry and rate of unemployment. The measures will aim to capitalise on the islands' strengths and, to this end, he stresses, it is vital to maintain close links and liaisons with all sectors of the community. ZP is still maintaing an optimistic outlook, believing the worst of the economic crisis has now past. On August 13, the Cabinet was due to discuss a new model of growth for the country.

Source Tenerife News

Spain Has Announced Airport Taxes Will Be Frozen From 2010

Airport taxes will be frozen from 2010 the Spanish Government has announced. Spain's minister for public works José Blanco has said the move was devised to help stimulate the economy.

In a further initiative, the minister said discounts, which currently apply to travellers to the Canary Islands, the Balearic Islands and Melilla, will be increased to 30 per cent. Francisco Alaya opposition member of the People's Party insisted that the government's initiative was too late and should have been introduced this year. Mr Alaya also noted it is discriminatory to apply the taxes just to selected islands.

The Canary Islands are a favorite destination for expatriates and holidaymakers alike and this will greatly help the tourist industry. The news comes after several airlines annouced increased flights to the Canaries.

Evidence Of Green Shoots In The UK Housing Market

Further evidence of green shoots in the UK housing market at the start of the month
stimulated GBP to notch new highs for 2009 against the US dollar at 1.6744. According to
the Nationwide, house prices jumped by 0.9% in June, the second consecutive monthly rise,
bringing the annual house price falls below 10%.

However the final figure for Q1 GDP (Gross Domestic Product), revised down to a 2.4%
drop in growth, the steepest quarterly fall in 50 years, reminded the market how grim things
were at the start of the year. So with the last three quarters (Q3 08 -0.6%, Q4 08 -1.6%, Q1
09 -2.4%) showing this recession deepening, there is a lot at stake that the talk of green
shoots will buck the trend.

There was further evidence of stabilisation in the UK economy with the latest readings of the
Purchasing Manager’s Index for manufacturing and services. The positive momentum in the
manufacturing sector was confirmed with a reading of 47.0 in June from 45.4 in May and the
all important services sector held expansionary territory with a reading of 51.6.

In the US, seen as the leading indicator in this credit crisis, the data took a turn for the
worse. Despite marginal improvement in the housing sector and the manufacturing sector,
consumer confidence surprised the market by dipping back down lower from 54.9 in May to
49.3 in June and the all important non farm payrolls scuppered hopes of a solid recovery.
The non farm payrolls proved to be 100k jobs worse than expectations with 473k jobs lost in
June.

The equity markets around the world bucked their recent weakening trend to rally across the
board backed up by an impressive Chinese Q2 GDP number of 7.9% allowing the FTSE to
end the week with its strongest weekly gain for this year of 6.3%. Other significant events
included further signs of stabilisation in the housing market with the RICS housing market
survey jumping from -43.8 to, its highest reading since September -18.1 in June2007.
As we celebrated the 40th anniversary of the lunar landing, the equity markets continued
their propulsion higher as confidence grew amid the US reporting season, with 75% of
companies that have reported thus far, exceeding market expectations. The FTSE 100 has
now pushed higher on 10 consecutive trading sessions, a feat only managed twice in its 25
year history and never at this rapid 10% rate of ascendency.

Growth in the UK in Q2 fell by 0.8%, more than twice as bad as market expectations, taking
the year on year drop to 5.7% and markedly outpacing the recession in the early 1990’s,
although still behind the 6.4% drop in growth in the early 1980’s. There were however some
fresh green shoots from of the housing market, with a jump in mortgage approvals and also
on the High Street as retail sales surged by 1.2% in June, although the weather and early
discounting were cited as the transitory positive influences.

The rampaging global equity markets were again the driving force for the Dollar’s decline
last week with just a little help from the UK’s favourite dinner party topic, house prices, to
bolster Sterling. With up to 75% of major US corporate results out-stripping analyst’s
forecasts and household UK names such as BT and Cadbury doing likewise, the growing
investor optimism had translated directly into higher share and commodity prices and a
familiar sell off in the Dollar.

Source HIFX

Sterlings climb will help overseas property investors

It was a rewarding week for sterling, climbing from below €1.16 last Monday to open at €1.1750 in London this morning. There was moment's panic at the very beginning of the week when the pound dipped briefly to €1.15 but thereafter the only way was up. For overseas property purchasers and investors the exchange rate is an important consideration in Spanish Real Estate.

Nationwide reports a third successive monthly rise for house prices. Sterling close to eight-month high against the euro.

After the sell-off at the end of the previous week the market's first instinct was to buy the pound, although nobody was quite sure why. Hometrack's housing survey was vaguely helpful, inasmuch as it showed prices not falling, but investors found it difficult to get excited because prices were not going up either. It was a similar story with the CBI's retail sales report for July: At -15 the figure was better than the previous month's -17 but did nothing to motivate buyers. Money supply data on Wednesday were another net "don't care" for the market. The number of mortgage approvals went up, true enough, but as Reuters put it; "British financial institutions lent less money to households last month than at any time in the past 15 years." Gfk's index of UK consumer confidence survey produced another utterly useless figure when it remained unchanged at -25.

Investors at last woke up on Thursday morning when Nationwide's house price index came out. For a third successive month the building society saw a rise in the average price, this time by an entirely respectable +1.3%. The annual decline eased from -9.3% to -6.2%. The firm's chief economist offered an impressive hostage to fortune, saying "there is now a reasonable chance that prices could end the year slightly higher than where they started.

"Sterling's performance over the week obviously had something to do with the UK economic data - few thought they were - but mainly it was the by-product of another quiet week during which the mood of investors became more upbeat. As one of the allegedly riskier currencies it is more likely to find buyers when the market is less nervous.

The euro's profile last week was so low as to be almost subterranean. An almost complete absence of pan-euro-zone economic data meant just three useful statistics. Consumer confidence improved slightly from -25 to -23. Inflation - make that deflation - went down from -0.1% to -0.6% in the year to July and unemployment ticked up from 9.3% to 9.4%. Individual national figures did not add much to the proceedings. German consumer confidence was higher and German unemployment was steady at 8.3%. As with sterling, the euro's main claim to fame was to provide investors with an alternative to the US dollar, which was under pressure throughout the week.

Sterling starts August looking more potent than it did in July. It appears to have punched out of the €1.15-€1.17 range that held it for the previous three weeks, helped by its upward break against the US dollar. The high in June at €1.19 was sterling's best level since the beginning of December and that must be its next target. The pound has the potential to test €1.21 but, up here close to an eight-month high, buyers of the euro should take the opportunity to pick up a few more.

For more information and expert guidance on Canary Island property call 0034 928 535 044
Or contact info@goldacre-estates.com

Source Money Corp

Queen Elizabeths Maiden Voyage To Include The Canary Islands

Like the regal Queen Elizabeth I, Cunard has begun construction on what promises to be the premier cruising vessel on the high seas. She is scheduled for her maiden voyage in October of 2010, joining the Queen Mary 2 and Queen Victoria as the most famous ocean liners in the world.

Queen Elizabeth will feature the unique Cunard traditions, together with all the modern day luxuries Cunard’s guests have come to expect. In addition, some exciting new features will give the vessel her own sense of style and personality.

Named after the first Queen Elizabeth, one of Cunard’s greatest ships, the new Queen Elizabeth will reflect her predecessor in interior grandeur, décor and style. Art Deco features will pay homage to the original Queen Elizabeth and will allow the new ship to reflect an elegant era of travel. The extraordinary new vessel features 12 decks and carries more than 2,000 passengers.In addition to the extensive Cunard onboard entertainment program, Queen Elizabeth will offer some unique strands such as country house parties at sea, evening piano sing-alongs and period dancing, from traditional ballroom to the jitterbug and the jive, all within the setting of this 21st-century ship. The ship will also reflect this great liner through artwork, memorabilia and its very own “Yacht Club.”
Queen Elizabeth will depart on her Maiden Voyage on 12 October 2010—a voyage which sold out in a record-breaking 29 minutes in April 2009. This 13-night celebration will leave from Cunard’s home port of Southampton and will call at Vigo (for Santiago de Compostela), Lisbon, Seville (Cadiz), Gran Canaria (Las Palmas), Tenerife (Santa Cruz de Tenerife, an overnight call), La Palma (Santa Cruz de La Palma) and Madeira (Funchal).

Her Maiden Season will run from October 2010 to January 2011 and include voyages to the Western and Central Mediterranean and the Caribbean. Fares start from just $1,195 per person for the five-night 26 November 2010 Gallic Debut voyage with ports of call at Amsterdam, Zeebrugge and Le Havre; while the 13-night Iberian Discovery voyage departing 1 December 2010 features fares from $2,395 per person, with ports of call at Vigo, Lisbon, Seville, Gran Canaria, Tenerife, La Palma and Madeira.For more information and to book a voyage aboard the new Queen Elizabeth, call toll-free 1-800-7-CUNARD or visit www.cunard.com.

Sterlings climb improves the Spanish and Canary lslands Real Estate markets

Sterlings value affects the real estate markets in the Canary Islands and Spain, with a particular increase in the Fuerteventura property market has seen a significant increase in business from the UK that has increased in line with the improvements and gains that sterling has made recently.

Sterling on Wednesday morning saw a decline against the major currencies on Tuesday had nothing to do with the unemployment data and nothing to do with the monetary policy committee minutes: Neither came out until an hour and a half after it had set off south. Almost on the dot of eight cable began a slide that cost it two and a half cents in the following five hours. Sterling/euro cut just over a cent in slightly less time and sterling/Swiss performed proportionally badly. The move was provoked by a softer tone to equity markets, with all that implies for risk appetite. After a rally lasting more than a week investors knew a profit-taking signal when they saw one and they lobbed out their surplus pounds.

As far as the unemployment numbers went, they were acceptably bad. Jobless claims rose by less than expected as did the unemployment rate, which rose to 7.2%. The MPC minutes showed unanimous approval for a continuation of the asset purchase programme.

The US inflation data painted an interesting picture. Prices went up by just 0.1% in May and prices excluding food and energy did exactly the same. That symmetry was entirely absent from the annual figure. In the 12 month to May headline CPI fell by 1.3%. "Core" prices, excluding food and energy (commodities, in other words), were up by 1.8%. What happened last summer? Commodity prices fell out of bed, led by oil. Although prices did not bottom until December they are already back up to October's levels. In four months' time that commodity price deflation will have worked its way through the system and headline inflation will be heading back into line with core inflation. Put that together with the possibility of growth in the second half of the year and you see why investors are already speculating that we will see higher US interest rates by Christmas.

But that is all in the future. For the time being, those central banks that still have scope to do so are still lowering their policy interest rates. There have been rate cuts in Iceland, Brazil and Turkey this month and it is possible that South Africa might join them next week. Today's meeting of the Swiss National Bank is highly unlikely to result in a change to its 0-0.75% target range but be prepared for other developments. Back in March the SNB threatened to intervene if its currency became too strong. They did it too. Three months on they may decide that it is time for a reminder.

Report provided by moneycorp

Fuerteventura Named As Biosphere Reserve

As well as a tiger reserve in India and a former military training area in Germany Fuerteventura is one of 22 new sites from 17 countries added by the United Nations Educational Scientific and Cultural Organization (UNESCO) to its World Network of Biosphere Reserves.

Biosphere reserves are areas designated to serve as places to test different approaches to integrated management of terrestrial, freshwater, coastal and marine resources and biodiversity. As a result, they are sites for experimenting with and learning about sustainable development

Fuerteventura is the second largest island of the Canaries archipelago, close to the West African Coast. It includes a wide range of ecosystems from desert or semi-desert areas to coastal and marine habitats. While the island is characterized by a rich diversity of marine species, including dolphins and cachalot’s, as well as marine turtles that reproduce on its beaches, the biosphere reserve also represents one of the world’s major geopalentological observatories. Development of sustainable ecotourism practices is the major focus of the population living on the island. The island is also investing in the increase of its renewable energy capacity, mainly through wind-based and solar energy production and is representing itself as one of the models for the implementation of the European Union's Directive on Renewable Energy.

The other new sites are: Lagunas de Montebello (Mexico), Flores Island (Portugal), Geres-Xures (Portugal and Spain), Shinan Dadohae (ROK), Altaisky (Russia), Vhembe (South Africa), Giam Siak Kecil – Bukit Batu (Indonesia), Great sandy (Australia), Lajat Biosphere Reserve (Syria), Desnianskyi (Ukraine), Delta del Orinoco (Venezuela), Cu Lao Cham – Hoi An (Viet Nam), Mui Ca Mau (Viet Nam), Mount Myohyang (Democratic People’s Republic of Korea), Biosphare Bliesgau (Germany), Similipal (India), Pachmarhi (India), Nokrek (India), and Jabal Moussa Biosphere Reserve (Lebanon).