In September 1985, Portugal introduced its first ATM, starting a new era in banking. Twenty years later, the country was seen as one of the most advanced in Europe, with machines offering many services beyond simply taking out cash.
Holiday poverty is on the rise in Europe, as for the third consecutive years, less employed people are able to afford a 1-week-holiday. Portugal ranks 4th in the EU.
The Representative of the Republic for Madeira blocked a regional law on ride-hailing services, stating the government exceeded its powers by trying to stop issuing new operator and driver licenses.
Housing prices in Madeira continue to rise, with the average cost per square meter increasing by €306 - a year-on-year increase of nearly 16%.
The average gross base salary in Madeira reaches €1,268. See how it compares with salaries across Portugal.
Madeira spends €12 million to build its fourth golf course in a protected area, despite a widespread decline in purchasing power, an existential housing crisis and limited road infrastructure.
Continente opened its 17th Madeiran store in São Vicente, investing €8 million. Watch the video of the official ceremony featuring regional and local leaders.
The recent Facebook survey got results that may come as a surprise. Here are some thoughts on why almost 2/3 want strict visitor quotas in Madeira.
In the first six months of 2025, Madeira wine experienced a drop in sales and revenue, as both local and international demand decreased from the same period in 2024.
In May 2025, Madeira’s tourism recorded 1.15 million overnight stays (up 7.8%), with Alojamento Local (AL) stays rising 19.3%.
In 2024, Madeira collected €1.32 billion in taxes, 9.2% more than in 2023. Higher company profits and consumer spending helped balance a drop in income tax caused by tax cuts.
