More German Tourists To Madeira in 2024?
Despite Germany facing heavy economic challenges, Madeira anticipates an increase in tourism from Germany for 2024.
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 Cinemas 2023: 1,2 Million In Revenue
Cinemas in Madeira are on their way to fully recovering from the pandemic, despite significantly lower scores than in 2019.
Fuel Consumption Increased While Prices Dropped
In 2023, Madeira consumed 159.7 million liters of fuel, with daily usage exceeding 400.000 liters.
New Ilha da Madeira Cargo Vessel Now in Caniçal
The former RS Mistral will now operate as the Ilha da Madeira cargo vessel.
Housing Rental Prices Rise From 2000 to 2100 Euros in Only One Month
Like in most places around Europe, housing prices spiral out of control. Most recent numbers show that the dangerous trend continues.
Beware of Phone Scams Impersonating Banco de Portugal
Scammers are targeting individuals by impersonating calls from Banco de Portugal. An official alert has now been issued.
Madeira Hosts 5,000 Bitcoin Atlantis Enthusiasts In March
Bitcoin Atlantis expects 5000 people to come to Madeira, starting March 1st.
Madeira Sees 19-Year Record in Company Creations
It has been nearly two decades since Madeira witnessed such an increase in the formation of new companies within a single year.
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.
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.
