TAP Portugal Makes €71.9 Million Loss So Far In 2024
TAP Air Portugal faces €71.9 million losses in Q1 2024 amid restructuring, with rising costs despite fuel savings.
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
95 Posts
Madeira Has The Lowest Unemployment Rate In Portugal
Unemployment in Madeira dips to 6.1%, the lowest nationwide. Until now, rising interest rates have minimal impact on job market resilience.
Meu Super: Madeira Welcomes Two New Stores
Meu Super expands its business in Madeira and launches two new stores at the convenience of customers in urban dwellings.
Pestana Group: €100 Million Net Profit In 2023
A gross minimum salary of €900 (plus allowances) is enough for Pestana Group to again score a €100 million net profit.
Madeira's Maritime Growth: Ship Registrations Multiply
The number of ships registered in Madeira multiplied within the last ten years, while the Funchal port expansion will be reassessed.
Dawn of Paradise: Madeira Tourism Pulverizes Pre-Pandemic Levels
Madeira's tourism skyrockets post-pandemic, reaching a 47.4% increase in guests since pre-pandemic levels of 2019
Portugal Rises in 2023 EU GDP Per Capita Ranking
Portugal's GDP per capita went up in 2023. It remains below the average but it went up two positions, ranking now 18th.
Bank Valuations Show 19.1% Increase In Housing Values
Bank valuations in Madeira show housing values rose by 19.1%, with apartments being valued higher than houses.
Pestana Hotel Group Pays Minimum Salary Of 900 Euros
Pestana Hotel Group garners positive feedback for setting its minimum wage €50 higher than the state-mandated €850. Why?
Almost 700.000 Tourists Visited Madeira In January
January 2024 Sees Madeira Tourism Flourish, with UK and France Leading Growth Despite Dips in German and Portuguese Markets.
Liberal Initiative: Salaries In Madeira Must Improve!
Persistent low wages remain a significant challenge for Madeira, inflicting considerable economic repercussions on the autonomous region.
