Why Does LIDL Hesitate to Invest in Madeira?
LIDLs investment in Madeira has long been planned, yet nothing happened. Find out what´s going on!
Economy
Explore the economic pulse of Madeira. Get the latest news on key sectors like tourism, agriculture, and industry. Stay updated on business developments, investments, employment trends, and government policies shaping the island's financial landscape.
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118 Posts
Major Cruise Operators Plan More Frequent Stops in Madeira
With 750,000 cruise passengers expected in Madeira this year, major cruise lines plan to maintain or further increase the frequency of their visits in the coming years.
Madeira Ranks First for International Real Estate Searches
Madeira has the highest share of property searches from abroad in Portugal. At the same time, foreign property purchases in Portugal have dropped to their lowest level since 2021.
Funchal Expects More Than 750,000 Cruise Passengers in 2025
The Port of Funchal forecasts a record-breaking 2025, with over 330 cruise calls and 750,000 passengers expected, following an “exceptional” 2024 that already marked strong growth in cruise tourism.
1985: The Year Portugal Got Its First ATM
In September 1985, Portugal introduced its first ATM, starting a new era in banking. Twenty years later, the country was seen as one of the most advanced in Europe, with machines offering many services beyond simply taking out cash.
Portugal Ranks 4th in EU Holiday Poverty Among Workers
Holiday poverty is on the rise in Europe, as for the third consecutive years, less employed people are able to afford a 1-week-holiday. Portugal ranks 4th in the EU.
Madeira TVDE Law Declared Unconstitutional
The Representative of the Republic for Madeira blocked a regional law on ride-hailing services, stating the government exceeded its powers by trying to stop issuing new operator and driver licenses.
Housing Prices in Madeira Rise 15.9%, Reaching Record Levels
Housing prices in Madeira continue to rise, with the average cost per square meter increasing by €306 - a year-on-year increase of nearly 16%.
JPP Wants "At Least" One New Supermarket Chain in Madeira
Funchal's JPP candidate vows to fight Funchal’s rising food prices, promising to bring a new supermarket chain to boost competition, ease families’ burden, and challenge government inaction.
Base Salary in Madeira Rises 4,8%, Reaching €1,268
The average gross base salary in Madeira reaches €1,268. See how it compares with salaries across Portugal.
Ponta do Pargo Golf Course: Detaching Policy from Local Reality
Madeira spends €12 million to build its fourth golf course in a protected area, despite a widespread decline in purchasing power, an existential housing crisis and limited road infrastructure.
