Three News That Tell A Story About Madeira
Three seemingly unrelated news made the headline in Madeira recently. In the big picture, they tell a rather concerning story about the island.
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Only 2 Out of 1,200 Pestana Employees Strike for Higher Wages
Only 2 of 1,200 Pestana employees all over Madeira decided to join the strike for better wages. Why is that?
Moooh-mentum: More Cows, Fewer Farmers in Madeira
Madeira's agricultural landscape in 2023 sees more cows and fewer farmers. While cattle numbers rise, the farming population shrinks, with older, more educated farmers leading the way.
Funchal Marina’s Grand Reopening Pushed to April 2025
After a series of delays, disputes, and a bidding process, Funchal Marina finally has new management and is scheduled to open in April 2025. With past setbacks, can this new deadline be met?
Madeira Records Sharp Decline in Poverty Risk
In 2023, Madeira experienced a remarkable 5.7% reduction in its risk of poverty rate, reaching its lowest level since 2017.
€915 Before Taxes: Madeira’s Minimum Wage Set to Rise
The government announced plans to increase the minimum wage from the current €850 to €915 (gross) in 2025.
Madeira Leads Portugal with Largest Drop in Unemployment
Despite the peak of the tourist season being over, Madeira is performing exceptionally well in the labor market this year.
2001: A LIDL Odyssey
It’s been a remarkably long journey since LIDL, the German supermarket chain, initially unveiled its plans to establish stores in Madeira.
Labor Market and Economy Weaken
While the economy is still growing, several indicators show a decrease in economic activity and a worsening labor market.
Why Does LIDL Hesitate to Invest in Madeira?
LIDLs investment in Madeira has long been planned, yet nothing happened. Find out what´s going on!
Portuguese Work Longer Than EU-Average
Portuguese retire later than most Europeans and are also working more years than a decade ago.
