O Portinho: New €100 Million Hotel in Santa Cruz
Blessing or curse? Madeira’s heavy dependence on tourism is set to further intensify with the announcement of the €100 million beachside hotel project “O Portinho” in Caniço.
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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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!
Why Madeira’s ACIF-CCIM Is Wrong About The Minimum Wage
ACIF-CCIM reportedly opposed the minimum wage increase, arguing it exceeds productivity growth. This reasoning clearly oversimplifies the issue: productivity tells only part of the story.
TAP Air Portugal Ranked 2nd Cheapest European Airline in 2025
TAP Air Portugal has become Europe’s second-cheapest airline in 2025, according to AirAdvisor.
Madeira’s E-Gaming Vision: High-Tech Jobs on the Horizon
Madeira’s Games Summit highlighted the island’s potential to grow a local e-gaming industry and provide high-skilled job opportunities in technology.
Tourism in Madeira Rises 9.7% as 1.9 Million Visitors Arrive
Madeira attracted 1.9 million visitors in the first nine months of 2025, a 9.7% rise from last year. The revenue per available room went up significantly.
A "Perfectly Miserable Increase": Meal Allowance to Rise 10 Cents
A "handful of nothing": The government’s plan to raise the public sector meal allowance by just €0.10 a year has drawn sharp criticism.
Cabo GirĂŁo Entry Fee Increases By 66% From January
After a 50% hike in entry fees this year, taking in the spectacular views from Cabo Girão’s busy skywalk is set to rise by another 66%.
Real Estate Prices in Madeira Continue to Fall in Q2 2025
The median price for real estate in Madeira is falling for the second consecutive quarter. Despite annual growth, property sales have also sharply declined - here's what could happen next!
Rental Cars Reach 102,852 Bookings, €17M in Revenue
First ever public data on Madeira’s rental cars is here! In Q1 2025: 102,852 rentals, €17.07M revenue, 11,069 vehicles, mostly rented by German, Portuguese, and Polish tourists.
13% of Funchal Homes Sold In Less Than 7 Days
Time is money in Funchal’s housing market: around 13% of homes sold in less than a week, although this figure was already higher in previous periods.
