The President of the Regional Government once again assured reporters this morning, that a set of public contracts “will stop,” including work on the Central and University Hospital of Madeira. Miguel Albuquerque explained to journalists that the holdup is due to the failure to agree on the budget and the…
Posts published in “Financial Matters”
The Court of Auditors (TdC), in its 2023 External Verification of the Regional Government Treasurer’s Account, indicates that the Regional Government did not fully comply with a recommendation regarding budgetary rules on the use of bank and treasury balances, which had already been left in the previous year’s report. In…
The Court of Auditors has issued its report on the audit of the clearance of financial responsibilities, under the debt settlement agreement between the municipality of São Vicente and the Madeira Electricity Company. In conclusion, the TdC recommends that the municipal bodies of São Vicente, in the settlement of debts,…
The Court of Auditors (TdC) will deliver tomorrow to the President of the Legislative Assembly of Madeira, José Manuel Rodrigues, the opinions on the accounts of the Autonomous Region and the Legislative Assembly of Madeira for 2023. “The ceremony will take place at 3:30 pm in the Assembly Legislative Assembly…
Nickel, a financial payment institution, continues to expand its services and has now arrived in Madeira, specifically in the municipalities of Funchal, Ponta do Sol, and Ribeira Brava. There are, for now, four new points of sale established in local businesses such as tobacconists and stationery stores, which are now…
Covid-19 tests in Madeira cost more than 15 million euros, but the contract programmed for the execution disrespected the principles of competition and transparency, concluded an audit by the Court of Auditors released today. In a statement, the Court of Auditors (TdC) states that the contract for the execution of…
Miguel Albuquerque considered today that the “situations” detected by the Court of Auditors (TdC), in their assessment of the Madeira Promotion Association, were “lapses” not “intentional” and without “gravity.” “The function of the Court of Auditors is to make the legal framework of the issues and, obviously, we will comply…
Data provided by Sociedade Interbancária de Serviços (SIBS), for the Autonomous Region of Madeira, for the 3rd quarter of 2024, show that the amounts related to the two main operations of the SIBS network (withdrawals and purchases through automatic payment terminals – POS), considered as a whole, amounted to 789.8…
The President of the Conference of European Regional Legislative Assemblies (CALRE), has announced that he is concerned about the drastic reform that may be operationalised in the European Union Budget. At stake is the model for centralised management in Brussels and the Central Governments of the multiannual financial framework, starting…
Banif’s injured parties will file a complaint against the Portuguese State in the judicial bodies of the European Union and the United Nations. While talking to local JM reporters, Jacinto Silva, President of the association, harshly criticizes the former Prime Minister, António Costa, accusing him of “cheating” those who lost…
The Debt Bulletin of the Region was released today, in which it is possible to observe that the gross debt of the Regional Public Administration increased by 144.6 million euros, at the end of the first half of this year, compared to the end of the previous quarter, standing at…
Banks that adhere to the public guarantee on housing loans to young people will have a limit on the guaranteed amount they can lend, and may later request a reinforcement, according to the latest version of the ordinance to which Lusa had access. According to the latest version of the…
Vipa.pt has announced the integration of Artificial Intelligence (AI) in the govgo product, which results from the partnership within the scope of the project applied in Data Science developed by four ISCTE-IUL students, Afonso Peças, Bernardo Arcão, Francisco Gomes, and Guilherme Soças under the coordination of Professor João Carlos Ferreira.…
The Regional Secretariat for Finance informed today that the Loja do Cidadão (Citizen’s Shop), located on Avenida Arriaga, will open on the 1st and 2nd of August, despite the day-off granted by the Regional Government on the occasion of the Madeira Wine Rally. Also as in previous years, the island’s…
Banif’s injured parties will propose to the Government a compensation claim of 169.6 million euros, to respond to 1,900 credit claimants, in a solution similar to that found for the injured parties of BES’s Commercial Paper. According to a source linked to the process, Banif’s injured parties estimate total losses…