The deadline for companies to bid for the third phase of Madeira’s new Central and University Hospital has been extended to 13th of October, prompting the PS-Madeira to demand an explanation from the Regional Government. The third phase covers the hospital’s general infrastructure, finishes and technical installations. It is the…
Posts published in “Financial Matters”
Younous Omarjee has pledged to fight for Madeira to retain its European funding under the EU’s next financial framework, covering 2028 to 2034. Speaking at the end of a three-day visit by the European Parliament’s Committee on Regional Development on Wednesday, the 23rd of September, Omarjee said the Parliament would…
The Regional Government has called on the national government to resolve a series of problems affecting the Territorial Continuity Mechanism (MCT), including delayed payments, difficulties with Ryanair documents and a platform that still cannot accept students’ enrolment certificates for the new academic year. Beneficiaries who previously received payment within two…
The Regional Government has launched an international public tender with a maximum contract value of €4.32 million over three years for the provision of electronic payment management services across the Simplifica portal and other Regional Public Administration systems. The tender, issued by the Agency for Innovation and Modernisation of the…
A joint ordinance published in the Official Journal of the Autonomous Region of Madeira (JORAM) has authorised spending of €2,697,947.29 on festive lighting for the Christmas, New Year and Carnival celebrations over the next two years. The funding, shared between the Regional Secretariat for Tourism, Environment and Culture and the…
Companies operating in the Madeira Free Trade Zone (ZFM) cannot count the purchase of passenger cars as an eligible investment to access the regime’s reduced corporate tax rate, according to a binding ruling published by the Regional Tax and Customs Authority (AT-RAM). The decision, signed by the Regional Director of…
Homeowners in Madeira will be able to access significantly higher levels of financial support to restore degraded properties following changes to the Regional Government’s Property Recovery Programme (PRID), published today in the Official Journal of the Autonomous Region of Madeira (JORAM). The amended regulations increase the maximum grant available for…
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…
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, José 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…