A pharmaceutical company ranked among the world’s 500 largest corporations has expressed interest in using Madeira as a gateway to the European market, following the Region’s recent official mission to China. The development was revealed by Invest Madeira, an agency under the Regional Secretariat for the Economy, as it reviewed…
Posts published in “Economy”
The Electricity Company of Madeira (EEM) began a major logistical operation in Porto Santo this afternoon to unload and transport the components of the wind turbines that will form part of the island’s new wind farm. Due to the considerable size and weight of the equipment, the operation is expected…
The Regional Secretariat for Equipment and Infrastructures responded this afternoon to calls for the suspension of the new daily fee applied to rent-a-car operators in Madeira. In a statement, the Secretariat stressed that the fee was expressly established under Regional Legislative Decree No. 7/2025/M of 4 December. The legislation also…
The Regional Secretary for the Economy announced today, during the second meeting of the Consultative Council on Economy (CCE), that Madeira is preparing new incentive measures to support companies and strengthen the Region’s response to the effects of the energy crisis. JosĂ© Manuel Rodrigues once again highlighted the impact the…
The President of the Regional Government, Miguel Albuquerque, revealed this Wednesday that the technical evaluation regarding the updated costs of the third phase of the new hospital should be completed within two weeks, after which a new international tender for the project will be launched. Speaking on the sidelines of…
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 Portuguese Labour Party (PTP), through its spokesperson Raquel Coelho, has described as “an insult to the intelligence of the Madeiran people” the statements made by the Regional Secretary for the Economy, JosĂ© Manuel Rodrigues, regarding the projected impact of the Faial golf course, which he claims will create 780…
“Madeira is a territory with strong potential to invest in renewable gases for energy production.” Stated Conceição Lucas, chairman of the board of directors of Sonorgas. Clarifying that this would be a clean energy complementary to what is already done in the Region, in terms of renewable energies and the…
On the 15th of May, the Regional Authority for Economic Activities (ARAE) carried out an inspection at the Farmers’ Market as part of its consumer protection work, identifying four administrative offences linked to the use of the complaints book system. The operation, named Operation Real Value, covered several areas of…
The Municipality of Santa Cruz today inaugurated the newly renovated Santo AntĂłnio da Serra Market, with renovation works costing in the region of one million euros. A press release announced that the market has been fully modernized and upgraded, enhancing safety, functionality, and comfort for traders, producers, and visitors, while…
The Regional Government is addicted to taxes,” said Gonçalo Leite Velho in his first speech in today’s plenary session. Madeira, recalls the PS deputy, has had the “highest inflation rate in the country” for 31 consecutive months, with the most expensive fuels, and continually rising food costs. A scenario of pressure…
Last year, Pingo Doce donated around 536 tonnes of food to institutions in Funchal, under the ‘Alimenta o Bairro’ programme. In a press note, the company highlights that the same programme collected, at a national level, the equivalent of 12 thousand tonnes of foodstuffs in 2025. Pingo Doce says that…
The Regional Government’s affordable rent programme for the new Vale da Ribeira Housing Complex, in Ponta do Sol, received about 120 applications, confirmed Leonel Silva, chairman of the Board of Directors of the Madeira Housing Institute. Of the applications submitted, only 30 families have now received housing, and there are…
Madeira Consorcio – 9.5.2026 We visited the coffee roastery in Monte, close to the cable car station. ODD Coffee owner and manager Gonçalo Gouveia gave us a live demonstration of how he roasts coffee for his cafĂ©s and for several coffee shops in Funchal that buy speciality coffee from him.…
At a time when oil prices continue to rise, Pedro Rodrigues ruled out, for now, any immediate impact on the price of electricity in Madeira. Speaking to journalists, the Regional Secretary for Equipment and Infrastructure, who oversees the Madeira Electricity Company, highlighted the strong regional investment in renewable energies, revealing…