Madeira's Maritime Growth: Ship Registrations Multiply
The number of ships registered in Madeira multiplied within the last ten years, while the Funchal port expansion will be reassessed.
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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69 Posts
Dawn of Paradise: Madeira Tourism Pulverizes Pre-Pandemic Levels
Madeira's tourism skyrockets post-pandemic, reaching a 47.4% increase in guests since pre-pandemic levels of 2019
Portugal Rises in 2023 EU GDP Per Capita Ranking
Portugal's GDP per capita went up in 2023. It remains below the average but it went up two positions, ranking now 18th.
Bank Valuations Show 19.1% Increase In Housing Values
Bank valuations in Madeira show housing values rose by 19.1%, with apartments being valued higher than houses.
Pestana Hotel Group Pays Minimum Salary Of 900 Euros
Pestana Hotel Group garners positive feedback for setting its minimum wage €50 higher than the state-mandated €850. Why?
Almost 700.000 Tourists Visited Madeira In January
January 2024 Sees Madeira Tourism Flourish, with UK and France Leading Growth Despite Dips in German and Portuguese Markets.
Liberal Initiative: Salaries In Madeira Must Improve!
Persistent low wages remain a significant challenge for Madeira, inflicting considerable economic repercussions on the autonomous region.
500x Faster Internet Capacity: Alcatel Builds Submarine Cabel Connecting The Mainland
Alcatel lands 154M Euro deal to build a high-speed submarine communications cable connecting Mainland, Azores, and Madeira, boosting infrastructure 500x.
Meet AJEA, The Funchal-Based Organisation That Stands Up For Young Entrepreneurs
A Funchal-based organization empowers young people to sustain as entrepreneurs in Madeira. They discussed with government representatives how to tackle the difficult environment for young talents in Madeira.
Curral das Freiras Cable Car: Project Still Alive, Despite Suspension
The Curral das Freiras Cable Car project pushes forward. The Company insists on €47M project despite environmental concerns & strong opposition.
TUI Honors Four Madeira Hotels in Global Awards 2024
At the ITB Berlin, TUI awarded four Madeiran hotels, including Quinta do Furão winning its eighth consecutive award, highlighting excellence and commitment.
