€63.3 Million Deal Brings Forum Madeira Under Vukile’s Ownership
Forum Madeira was sold for €63.3 million, offering the new owners an anticipated annual net income of €6 million.
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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163 Posts
Why Trump’s Tariffs May Lower Prices for EU Consumers
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.
Essential Grocery Prices Rise 27% Within 3 Years
Over the past three years, essential food prices have increased by 27%, far exceeding the overall inflation rate.
CDS: Madeira is Portugals Priciest Region, With the Lowest Wages
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.
Trump Imposes 200% Tariff on EU Alcoholic Beverages
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.
President Promises Cheap Housing & More Foreign Investments
We are working to ensure a cohesive and harmonious society, where locals can have access to affordable housing, says Madeira's president.
40,000 Rental Cars in Madeira Raise Concerns With Taxi Drivers
Madeira’s taxi drivers are alarmed by the surge in transport licenses, fearing increased competition from tourist transport services and rental cars.
Madeira Tourism Hits Record €756 Million in 2024
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.
The Erosion of Purchasing Power for Renters in Madeira
Non-property owners in Madeira have faced a significant decline in purchasing power over the past few years. Here's why!
Is the Mercosur Deal a Threat to Madeira’s Banana Industry?
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.
The State of Madeira’s Banking Sector
Madeira’s banking sector has changed over the years. In 2023, the number of bank branches hit a decades-long low, while interest income for local banks saw a sharp rise.
