New Ilha da Madeira Cargo Vessel Now in Caniçal
The former RS Mistral will now operate as the Ilha da Madeira cargo vessel.
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.
Check out the last
118 Posts
Housing Rental Prices Rise From 2000 to 2100 Euros in Only One Month
Like in most places around Europe, housing prices spiral out of control. Most recent numbers show that the dangerous trend continues.
Beware of Phone Scams Impersonating Banco de Portugal
Scammers are targeting individuals by impersonating calls from Banco de Portugal. An official alert has now been issued.
Madeira Hosts 5,000 Bitcoin Atlantis Enthusiasts In March
Bitcoin Atlantis expects 5000 people to come to Madeira, starting March 1st.
Madeira Sees 19-Year Record in Company Creations
It has been nearly two decades since Madeira witnessed such an increase in the formation of new companies within a single year.
Ripe for Success: Madeira's Banana Market Boom
Madeira's banana sales surged 10.8%, reaching 25.2k tons in 2023, the highest since 1999.
Detained Mayor of Funchal Will be Transferred to Lisbon Courthouse
Pedro Calado is about to be sent to Lisbon for further investigation.
Funchal: First Herbalist Store Now Accepts Bitcoin
Bitcoin adoption in Madeira is on the rise as yet another store accepts crypto payments.
TAP AIR Portugal’s Growth Accelerates With EU Assistance
TAP Air Portugal had a successful year, also thanks to the aid of the EU and its restructuring plan.
PCP Wants Maximum Prices For Key Food Items
A reminder that retail companies can increase profit, while the state loses on taxes and key food items become more expensive.
Zero-VAT on Groceries Now History - Are Higher Prices to be Expected?
VAT on groceries is being reinstated but does that mean consumers need to pay significantly more?
