Madeirans Among the Most Likely to Use Savings to Pay Off Debts
Only 31% of consumers in Madeira and the Azores would keep their savings rather than clear their debts, the lowest share in Portugal, an Intrum report finds.
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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Madeira Ports Authority Joins Port Innovation Forum in Barcelona
APRAM is taking part in the 'Ports and Innovation' forum in Barcelona with about 30 ports, with a focus on shore power for ships at berth.
Madeira's Grape Harvest Grows More Than 27% in 2026
Madeira produced about 3,637 tonnes of grapes in 2026, up 27.48% on 2025. IVBAM presented the figures at a wine forum in the Azores.
Bank Valuations of Madeira Homes Rise 14.3% in a Year
Banks valued Madeira homes at a median 2,642 euros per square metre in September 2026, up 14.3% in a year. Funchal passed 3,000 euros.
Via Rápida Carries 40,500 Vehicles a Day Through September
Traffic on Madeira's Via Rápida rose 1.4% in the first nine months of 2026, but growth stalled between July and September.
Couple Invests 500,000 Euros in New Gym in Ponta do Sol
Alex Sampaio and his wife opened a new gym in Ponta do Sol worth about 500,000 euros, with solar panels and classes for all ages.
Madeira Records Portugal's Biggest Drop in Home Sales
Home sales in Madeira fell 17.9% in the second quarter of 2026, the steepest drop in Portugal, while prices rose 18.3%.
Caniçal Port Receives 27 Million Euro Investment for Expansion
The Commercial Port of Caniçal will receive 27 million euros to expand its facilities, including landfill extension and new cranes, to double cargo handling capacity.
New EU Packaging Rules May Impact Consumer Prices in Madeira
New European packaging regulations set to take effect could affect prices as businesses adapt to stricter waste and recycling rules.
Encumeada Road Closed for 2 Years: JPP Seeks Answers
JPP demands explanations from Madeira's Regional Government on the Encumeada road closure since 2024, affecting economy and safety.
Madeira Records 102 More Deaths Than Births in August
Madeira recorded more deaths than births in August 2026, with births declining at a sharper rate than mortality.
