DHL Express will suspend deliveries to the US worth more than $800 (€701.7) due to a “significant increase” in bureaucracy and customs expenses after the introduction of Donald Trump’s new tariff regime. According to the BBC, the Germany-based delivery company has stated it will temporarily suspend shipments from all countries…
Posts published in “Economy”
An alleged Lithuanian gang leader of a criminal organisation dedicated to importing scrapped cars involved in accidents in the US, which, after cosmetic repairs, were resold in Europe, including Portugal, was arrested in Madeira, the European Public Prosecutor’s Office said today. A source from the European Public Prosecutor’s Office (EPPO)…
The Funchal Citizen’s Shop (Loja do Cidadão do Funchal) will also be closed on Maunday Thursday (17th), Good Friday (18th) and Easter Saturday (19th). The service will reopen on Monday the 21st of April. Samantha Gannon info at madeira-weekly.com
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 Anadia Shopping Centre managed by Widerproperty, has announced the opening of Oakberry Açaí, on the 15th of April at midday. Oakberry brings to Anadia Shopping Centre a modern concept offering a unique flavour, freshness and convenience experience. Visitors will be able to customize their orders with the guarantee of…
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,…
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…