Two proposals were submitted for the tender procedure launched in March this year for the procurement of advisory and technical consultancy services in hospital management, according to the Regional Secretary for Equipment and Infrastructures. This public tender, titled “Central and University Hospital of Madeira – Advisory and Technical Consultancy Services…
Posts published in “Financial Matters”
Every house on this island has a soul. The trouble is that the person selling it has usually forgotten what that soul looks like. Home owners have been living inside it for so long that they can no longer evaluate it from another perspective. This is not a criticism. It…
The President of the Regional Government of Madeira, Miguel Albuquerque, admitted today that the construction of the new Central and University Hospital of Madeira could face a significant cost increase due to rising prices for materials and labour in recent years. Speaking on the sidelines of the renewable gases conference…
The Minister of Infrastructure, Miguel Pinto Luz, said today that the Government of the Republic has suspended the changes planned by the Regional Government to the social mobility subsidy (SSM), pending the enactment of the changes approved in the Assembly of the Republic. “The Government suspended all the changes it…
Workers who reside in one country and carry out their professional activity in another maintain tax links with both States. The situation can lead to the so-called international double taxation, in which the same income is subject to tax in two different countries. What is international double taxation? According to…
The proposal for the Regional Budget for 2026 was approved in a final vote in the Regional Assembly. The document was unanimously approved by the majority of deputies, namely the 23 elected by the PSD and one from the CDS. Opposition to the budget was split between those who voted…
The Regional Secretary for the Economy, JosĂ© Manuel Rodrigues, also announced in the Regional Legislative Assembly that a German company will invest 8 million euros in a clinic in Funchal. With this announcement, the minister aimed to strengthen the ongoing trend of attracting foreign investment to the archipelago, boosting and…
Francisco Gomes, the Chega-Madeira deputy in the Assembly of the Republic, strongly criticized the PS and PSD for rejecting a request to summon the executive administration of the Madeira Development Company to the Budget and Finance Commission. The proposal, put forward by Chega’s parliamentary group on the 26th of November…
Chega leader, Miguel Castro, made the opening speech of today’s plenary session, addressing what should be the debate on the Regional Budget for 2026. The CH leader considers it important to “look at the reality of those who contribute to a rich Region, with a high GDP, but where there…
The Court of Auditors (TdC) has decided to annul a contract between the Association for the Promotion of the Autonomous Region of Madeira and Nova ExpressĂŁo, Planejamento de Media e Publicidade, S.A. The contract was signed on the 19th of March 2025 for the acquisition of digital production services, planning,…
From Monday, all ATM service payments must show the name of the final recipient. This change, imposed by Notice No. 4/2024 of the Bank of Portugal, aims to increase transparency and fight fraud by allowing the user to confirm the beneficiary before authorising the transaction, whether by home banking or…
The President of the National Association of Traders and Exporters of Wines and Spirits (ANCEVE), Paulo Amorim, said today that “the US has stopped orders for Portuguese wines and wines from Europe.” “The uncertainty is terrible and with the uncertainty the distribution chain in the United States has stopped orders…
The PS-Madeira has announced a set of legislative proposals aiming to protect the regional economy from the impacts of the increase in customs tariffs imposed by the United States. The Trump administration’s decision has generated concern among Madeiran businessmen, particularly in the tourism, real estate, and export sectors including Madeira…
The Mayor of Funchal confirmed that the municipality was notified to pay four executions worth one million euros for debts to the public company ARM and that if it did not do so, the municipality’s account would be seized, and blocked. “It has not yet been 48 hours since we…
The Council of Ministers has approved the decree-law that eliminates the obligation to report, in the IRS declaration, income not subject to IRS, such as meal allowances, and those subject to withholding taxes, such as interest. The approved diploma, in addition to eliminating the carry-forward of those types of income,…