Ripe for Success: Madeira's Banana Market Boom
Madeira's banana sales surged 10.8%, reaching 25.2k tons in 2023, the highest since 1999.
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
Detained Mayor of Funchal Will be Transferred to Lisbon Courthouse
Pedro Calado is about to be sent to Lisbon for further investigation.
Funchal: First Herbalist Store Now Accepts Bitcoin
Bitcoin adoption in Madeira is on the rise as yet another store accepts crypto payments.
TAP AIR Portugal’s Growth Accelerates With EU Assistance
TAP Air Portugal had a successful year, also thanks to the aid of the EU and its restructuring plan.
PCP Wants Maximum Prices For Key Food Items
A reminder that retail companies can increase profit, while the state loses on taxes and key food items become more expensive.
Zero-VAT on Groceries Now History - Are Higher Prices to be Expected?
VAT on groceries is being reinstated but does that mean consumers need to pay significantly more?
La Vie to be Called Plaza Center Madeira
The shopping center is in the process of its second name change since 2015.
Quantifying Wellbeing: A Statistical Insight Into Madeira
Promising yet revealing numbers from an island that has come a long way.
Madeira Tops 10 Million Overnight Stays in 2023
Tourism is breaking another record, never before has Madeira coped with 10 million overnight stays per year.
Minimum Salary increases to 850 Euro in 2024
The government raises the minimum salary in an effort to alleviate the impact of rising living conditions
Madeira's Economic Rise & Quest for Long-Term Stability
Madeira's economy is back! Yet, tourism dependency is tightening its grip. Income disparities reflect the need for urgent strategic planning.
