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.
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 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.
Portugal's Consumer Credit Surges To Record High In Early 2024
Portuguese citizens are showing a significant willingness to take on debt, which is expected to positively impact the economy.
Government Moves Forward With Disputed Cable Car Project
Despite strong opposition, the PSD-led government suspends the Câmara de Lobos PDM for three years, in order to move forward with the cable car project.
Madeira Government Sees Revenue Jump Of 21.3% In April 2024
Madeira's April 2024 budget saw a strong 21.3% increase in revenue, while expenditures evolved at a slower rate.
