Funchal Among Least Profitable Cities in Portugal for Real Estate
Funchal is currently one of the least profitable cities for investors looking to buy property for rental income.
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.
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Renewal Works Begin on São Vicente Seafront
The São Vicente seafront is set for a major renewal, with an investment exceeding 3.5 million euros planned over the next four months.
Pingo Doce vs. Continente: Which Supermarket Offers the Best Prices?
Pingo Doce or Continente? Some of you might already have a clear picture of this, but the outcome for the second half of 2024 is a close call. Here is Portugal’s cheapest supermarket.
New Cruise Passenger Tax Gets Funchal €50,000 in Only Two Days
Funchal introduced a €2 tax for cruise passengers on January 1, generating €50,000 in its first two days, with most revenue allocated to the municipality.
Meet CARAM, Madeira's Slaughterhouse
It's where things end: CARAM is Madeira’s main slaughterhouse, overseeing the slaughter of thousands of animals annually and providing employment to 44 people.
Madeira Offers Up to €6,000 Incentive for Buying Electric Cars
Exciting news for anyone thinking of going green on the road! With financial incentives of up to €6,000, Madeira is about to make electric vehicle ownership more accessible than ever.
Grupo Sousa Seeks To Reduce Costs By Allowing Bigger Ships
Grupo Sousa suggests allowing larger ships to boost efficiency and reduce costs, while imposing a €5 fee for ferry trip changes to reduce no-shows.
Housing Valuation in Madeira Reaches Record €2,010/m²
In October 2024, Madeira’s housing bank valuations surpassed €2,000/m² for the first time, reflecting the highest growth in Portugal. The increase was mainly driven by rising apartment valuations and strong market activity.
Ribeira Brava’s Christmas Raffle: Support Local Shops & Win!
Ribeira Brava has kicked off its annual Christmas campaign, featuring prizes and festive activities to support local merchants. Explore a variety of products and services offered by 13 participating local businesses, located in the heart of the village.
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.
Madeira Blockchain Conference 2024 Starting Today
Bitcoin recently hit another all-time high, just ahead of the Madeira Blockchain Conference, now in its third edition, to launch in Funchal. It brings together experts in blockchain, Web3, and Artificial Intelligence.
