Gross Average Salary In Madeira Increases To 1,375 Euros
Fresh data indicates a rise in the average salary in Madeira to 1,375 euros. However, it still lags behind mainland Portugal, as low salaries remain a general problem on the island.
Fresh data indicates a rise in the average salary in Madeira to 1,375 euros. However, it still lags behind mainland Portugal, as low salaries remain a general problem on the island.
Madeira's local accommodation sector surged by 23.5% in March 2024, contributing to 181,000 guests and €54.5 million revenue. Tourism from Germany remains the primary market.
TAP Air Portugal faces €71.9 million losses in Q1 2024 amid restructuring, with rising costs despite fuel savings.
Unemployment in Madeira dips to 6.1%, the lowest nationwide. Until now, rising interest rates have minimal impact on job market resilience.
Meu Super expands its business in Madeira and launches two new stores at the convenience of customers in urban dwellings.
A gross minimum salary of €900 (plus allowances) is enough for Pestana Group to again score a €100 million net profit.
The number of ships registered in Madeira multiplied within the last ten years, while the Funchal port expansion will be reassessed.
Madeira's tourism skyrockets post-pandemic, reaching a 47.4% increase in guests since pre-pandemic levels of 2019
Portugal's GDP per capita went up in 2023. It remains below the average but it went up two positions, ranking now 18th.
Bank valuations in Madeira show housing values rose by 19.1%, with apartments being valued higher than houses.
Pestana Hotel Group garners positive feedback for setting its minimum wage €50 higher than the state-mandated €850. Why?