Madeira Could Face Major Budget Cuts in 2025
The Portuguese budget proposal is raising eyebrows in Madeira, as the autonomous region could face significant funding cuts in 2025.
Economy
Get the latest updates on Madeira’s economic landscape, covering key sectors like tourism, retail, real estate, and local industry. Follow news on business developments, investment initiatives, and policies shaping the island’s financial trends.
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Funchal Coffee Shop Now Accepts Bitcoin Payments
Penha d'Àguia Ajuda coffee shop now accepts Bitcoin payments.
Madeira Leads in Optical Fiber and 5G Coverage
Madeira achieves nearly complete optical fiber coverage, with 85% 5G accessibility, positioning itself as a significant player in Portugal.
These Are The Seven Hiking Trails to Charge €3 Entrance in 2025
From 2025, seven hiking trails will implement a €3 entrance fee. This system will remain in effect at least until 2026, when it may be replaced by a forest tax.
Funchal Marina Construction Set to Pause?
According to a report and just few months before its grand opening, the Funchal Marina faces a sudden construction halt. What led to this unexpected twist, and what lies ahead?
Portugal's Minimum Wage: A European Comparison
As Portugal prepares to raise its minimum wage, how does it stack up against other European nations offering higher pay?
More Than 100 Merchants in Madeira Now Accept Bitcoin
Is the widespread Bitcoin adoption on the horizon? More than 100 merchants in Madeira now accept Bitcoin!
Madeira's Average Gross Monthly Salary Reaches 1,589 Euros
Average salaries in Madeira rose by 6.1% in the second trimester of 2024, surpassing inflation and indicating significant sectoral growth.
Inflation Rate in Madeira Climbs To 3.9% In July
With a 3.9% inflation rate, Madeira experiences a significantly higher increase in prices compared to the 2.5% rate observed nationwide.
Calls For Ferry Connecting Madeira, Azores, And Canary Islands
The Liberal Party (IL) proposes a new ferry service connecting Madeira, the Azores, and the Canary Islands, along with ideas on how to fund the project.
Continente Opens Store In São Vicente, Investing €6 Million And Creating 60 Jobs
The SONAE group announced that it will start building a new supermarket in São Vicente.
