Spanish company Castellana Properties; a leader in the retail real estate sector, announced on Friday the acquisition of the Forum Madeira shopping centre, for a total amount of 63.3 million euros. This purchase marks the company’s fifth acquisition in Portugal since its entry into the Portuguese market in October 2024,…
Posts published in “Economy”
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…
Brussels Airlines has returned to Madeira and will now start a weekly scheduled service between Brussels and Funchal. The inaugural operation was carried out using an Airbus A320neo, which can carry 180 passengers. To mark the occasion, the traditional ribbon-cutting ceremony took place, with passengers being welcomed with handmade chocolates…
“Madeira’s agriculture is not just bananas.” Dinarte Fernandes, Mayor of Santana, made this remark while attending the Lemon Festival this afternoon. The CDS-PP Mayor justified the observation not only because Santana does not produce a lot of bananas, but because he understands that it is important that in the next…
The Institute of Wine, Embroidery and Handicrafts of Madeira has admitted its concerns about the new tariffs announced by the US. However, they remain optimistic as other markets are expected to fill the gap. In a statement, the President of the Institute, Tiago Freitas said: “This is all very new.…
The President of the Madeira Hotel Union, Adolfo Freitas, told reporters today “that we are not going to move forward with the Easter Strike,” following the workers’ plenary, which took place this afternoon. Adolfo Freitas said that, as an alternative, a group of union leaders will be at the Madeira…
The Public Prosecutor’s Office (MP) has brought charges against 24 defendants (13 men and 9 women working for two companies on the island of Terceira, Azores) for several crimes under Operation Mayday. The suspects have defrauded the State for more than 9.5 million euros through the social mobility allowance –…
The Union of Office, Commerce, and Services Workers of the Autonomous Region of Madeira (SITAM) will meet urgently with the Regional Directorate of Labour (DRT) to analyse the ongoing redundancies at Pingo Doce and the possibility of new layoffs in the future, which possibly will affect Pingo Doce and other…
The island of Porto Santo has been honoured through the official registration of a hybrid orchid. The ‘Cattlianthe Praia do Porto Santo’ results from the crossing of Cattleya crispata and Guarianthe x laelioides, being a botanical tribute to the golden island. “The new hybrid species, one of which is originally…
GESBA – Property Management Company Sector da Banana, Lda. issued a press release this week calling on all producers to report any damages suffered due to bad weather. Thus, the public company stresses that “given the recent meteorological occurrences, all producers who have suffered damage must communicate any losses to…
The public transport strike scheduled for tomorrow will affect Horários do Funchal, CAM, and Siga Rodoeste buses. However, the final decision will be made by the workers in the early hours of tomorrow morning. Manuel Oliveira, union leader of the National Union of Drivers and Other Workers (SNMOT), confirmed that…
28.2.2025 We met at the production facility of “Santo Queijo” (in Santo da Serra), our only professional dairy place on the island (https://www.santoqueijo.com/). We entered the factory through a “clean” room where we had to wash hands and donned garb as in a clinic, from top to toe (see foto).…
There is a possibility that work on the new hospital will stop in the summer. Acting Regional Secretary for Equipment and Infrastructure, Pedro Fino attributes the fact to political instability, which, according to him, has postponed the launch of the third phase tender. Samantha Gannon info at madeira-weekly.com
The deputy of Chega, Francisco Gomes, has expressed his concern about the recent commercial agreement signed between the European Union (EU) and Mercosur, warning of possible negative effects on the competitiveness of products, in particular Madeira’s bananas. The Madeiran parliamentarian considers that the pact, signed in Montevideo, can bring significant…
The PS-Madeira denounced this Sunday a significant reduction in the support that Madeiran farmers will receive this year under the ‘Single Request,’ known as ‘parcelar, ‘ which will fall from 400 to 100 euros per year. During a visit to the agricultural market of Santo da Serra, Paulo Cafôfo, President…
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