Madeira's cruise tourism reached new heights in the first quarter of 2025, with nearly 267,000 passengers visiting the island - a 19.64% increase compared to the first 3 months of 2024, whereas tourists and crew spent an average of €61.40.
Forum Madeira was sold for €63.3 million, offering the new owners an anticipated annual net income of €6 million.
Trump's new tariffs are expected to affect economies worldwide, but European consumers might profit of lower prices on some products in the short term.
Over the past three years, essential food prices have increased by 27%, far exceeding the overall inflation rate.
Brutally honest or an admission of failure? The CDS ruling party claims Madeira has become the most expensive region in Portugal with the lowest salaries.
President Donald Trump is escalating the tariff policies, announcing a 200% tariff on European alcoholic beverages, including Madeira wine. This move primarily targets France, which sought to hold U.S. tech giants accountable for taxes.
We are working to ensure a cohesive and harmonious society, where locals can have access to affordable housing, says Madeira's president.
Madeira’s taxi drivers are alarmed by the surge in transport licenses, fearing increased competition from tourist transport services and rental cars.
Madeira's tourism industry hit a record €756.7 million in 2024, growing 15.3%. Key figures show increases in revenue, occupancy, and visitor numbers, with German, UK and Portuguese markets driving growth.
Non-property owners in Madeira have faced a significant decline in purchasing power over the past few years. Here's why!
Officials warn that the Mercosur-EU trade deal could threaten Madeira’s banana industry, as cheaper South American imports may overwhelm local farmers, making it harder for them to compete and risking their livelihoods in the European market.
