The State of Madeira’s Banking Sector
Madeira’s banking sector has changed over the years. In 2023, the number of bank branches hit a decades-long low, while interest income for local banks saw a sharp rise.
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Two Divers Attacked by Lobo Marinho Near Ponta do São Lourenço
Three Lobo Marinhos were seen near Cais do Sardinha, Madeira. Last weekend, one attacked two divers, possibly feeling threatened by their underwater scooter or defending its territory.
Ryanair Stations Second Aircraft in Madeira, Now Serving 11 Routes
Ryanair is expanding its operations in Madeira by adding a second aircraft at its base. This move will support 11 routes, including three new destinations launching this summer.
Immigrants Double Social Security Contributions in Just 4 Years
Immigrant workers are increasingly vital to Portugal’s economy, now contributing over 12% to social security revenues. Their role in filling labor shortages continues to expand.
Christiano Ronaldo CR7 Now Worth €850 Million
Cristiano Ronaldo's brand has seen an incredible rise, reaching a record value of 850 million euros this year, reflecting a remarkable 325% increase over the past five years.
Survey Ranks Madeira Airport Among the World’s Best
A survey recognized Madeira Airport as one of the best airports in the world for traveler experience.
Madeira’s House Prices Grew 141% Above National Average
In the past year, Portugal saw a 4.3% rise in hourse prices, with Madeira experiencing a significant 10.4% surge. Porto Santo was even the region with the highest growth across all of Portugal.
Get Ready for This Week’s Concerts in Madeira
Madeira's small but 𝘃𝗶𝗯𝗿𝗮𝗻𝘁 𝗺𝘂𝘀𝗶𝗰 𝘀𝗰𝗲𝗻𝗲 deserves all our attention 💯 Check out the upcoming concert's and 𝗽𝗿𝗲𝗽𝗮𝗿𝗲 𝗳𝗼𝗿 𝘀𝗼𝗺𝗲 𝗴𝗿𝗲𝗮𝘁 𝗺𝘂𝘀𝗶𝗰!
Madeiran Pavement: An Endangered Art Seeking Heritage Status
Funchal aims to classify Madeiran pavement as intangible cultural heritage. The goal is to preserve and promote the profession of pavers, of which only four remain in the municipality.
New SeaBus Brings You From Calheta to Funchal And Back For €73
SeaBus is a soon-to-be-launched transport service that will connect Calheta, Funchal, and Caniçal, catering to tourists eager to explore Madeira's breathtaking coastline.
Digital Nomads Struggle with Rental Costs in Madeira
Madeira's growing rental prices have started causing concern among digital nomads. The new cost of housing is forcing some to seek alternative destinations.
