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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Madeira Blockchain Conference 2024 Starting Today

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.

2001: A LIDL Odyssey

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.

Real-Estate Prices Expected to Keep Climbing in 2025

Real-Estate Prices Expected to Keep Climbing in 2025

The market shows no signs of cooling, as a concerning real estate trend continues to impact society: limited housing supply, low interest rates, and high demand are likely to keep housing prices rising in 2025.

Free MB Way Transfers Guaranteed By Law: A Win for Consumers

Free MB Way Transfers Guaranteed By Law: A Win for Consumers

Free MB Way transfers of up to €30 per transaction are now guaranteed by law.

Planned Restrictions to Nightlife Hours Face Backlash

Planned Restrictions to Nightlife Hours Face Backlash

Funchal proposes limiting nightlife hours to address noise, facing backlash from business owners concerned about tourism and economic impact.

Labor Market and Economy Weaken

Labor Market and Economy Weaken

While the economy is still growing, several indicators show a decrease in economic activity and a worsening labor market.

Madeira Tourism Grows 8.9% in August

Madeira Tourism Grows 8.9% in August

Madeira is witnessing further growth in tourist numbers. Growth is essential for its tourism-dependent economy, but is it sustainable?

Madeira Could Face Major Budget Cuts in 2025

Madeira Could Face Major Budget Cuts in 2025

The Portuguese budget proposal is raising eyebrows in Madeira, as the autonomous region could face significant funding cuts in 2025.

Funchal Coffee Shop Now Accepts Bitcoin Payments

Funchal Coffee Shop Now Accepts Bitcoin Payments

Penha d'Ă€guia Ajuda coffee shop now accepts Bitcoin payments.

Madeira Leads in Optical Fiber and 5G Coverage

Madeira Leads in Optical Fiber and 5G Coverage

Madeira achieves nearly complete optical fiber coverage, with 85% 5G accessibility, positioning itself as a significant player in Portugal.

These Are The Seven Hiking Trails to Charge €3 Entrance in 2025

These Are The Seven Hiking Trails to Charge €3 Entrance in 2025

From 2025, seven hiking trails will implement a €3 entrance fee. This system will remain in effect at least until 2026, when it may be replaced by a forest tax.