Limits on bank fees on transfers made through payment platforms such as MB Way came into force today, after the publication of the legislation last week in the Official Gazette. Transfers via these platforms already have, by law, exempt commissions when they do not exceed 30 euros per operation, 150…
Posts published in “Economy”
Data provided by Sociedade Interbancária de Serviços (SIBS), for the Autonomous Region of Madeira, for the 3rd quarter of 2024, show that the amounts related to the two main operations of the SIBS network (withdrawals and purchases through automatic payment terminals – POS), considered as a whole, amounted to 789.8…
The Madeira Employment Institute (IEM), IP-RAM in a statement, rejects the existence of any illegality regarding the Central Registry of the Effective Beneficiary (RCBE), and accuses the ADN-Madeira of spreading disinformation. According to IEM, the CRBO is a database created to increase economic operation transparency and highlight illicit activities. As…
The ‘Imovirtual’ portal states that in Madeira, house buyers are looking for properties costing, on average, around 245 thousand euros, while properties are being advertised, for approximately 385 thousand euros. In Porto Santo, people are looking for properties costing around 240 thousand euros while most properties being offered at the…
AMRAM – Association of Municipalities of the Autonomous Region of Madeira, which currently holds the presidency of the CMU – Confederation of Outermost Municipalities(1), represented by Ricardo Nascimento, participated, in a meeting last week with the President of the European Committee of the Regions, Vasco Cordeiro, in which the concerns…
Tourist accommodations in the Region registered new records last August. According to data released today by the Regional Directorate of Statistics of Madeira (DREM), in the reference month, 221.3 thousand guests entered regional tourist accommodation, giving rise to 1,227.5 thousand, which corresponds to increases of 8.9% and 4.6%, respectively, compared…
The President of the Government of Madeira, Miguel Albuquerque, has assured that the Region will continue to press for its demands to be included in the State Budget for 2025 in the discussion in the specialty. “I was talking to members of the Government [of the Republic] in the sense…
With this year’s IV Regional Forum to Combat Poverty and Social Exclusion, theme ‘(Re)Thinking about the Autonomous Region of Madeira and democracy in the fight against poverty’, the Madeira branch of the European Anti-Poverty Network (EAPN-Portugal) considers that families continue to feel the effects on food and energy prices, and,…
“I really think that the archipelago of Madeira as a whole could be, in an innovative way, the biocultural heritage of humanity,” is what Professor Helena Freitas defended at the ‘Ecological Science and the Future of Agri-Food Systems Event.’ Her words were issued as a challenge to Madeira, asking it…
According to data provided by IVBAM – Institute of Wine, Embroidery and Handicrafts of Madeira, IP-RAM, released by the Regional Directorate of Statistics of Madeira, in the first nine months of 2024, the sale of Madeira wine was around 2,175.7 thousand litres, equating into sale revenues of approximately 14.4 million…
In the Madeiran plenary, on Tuesday morning, the draft resolution, authored by the CDS/PP, entitled ‘Recommends to the State the Use of the European Union Solidarity Fund to address the damage caused by the fires of August 2024’. MEP Sara Madalena explained its content, considering that what happened in Madeira…
The record influx of tourists, especially during the summer, has not benefited urban commerce, ACIF argues to JM reporters. The regional reality, according to the association chaired by Veiga França, is one of a “dual economy,” of “continuous expansion in the sector linked to tourism” and of “serious difficulties” in…
The President of the Conference of European Regional Legislative Assemblies (CALRE), has announced that he is concerned about the drastic reform that may be operationalised in the European Union Budget. At stake is the model for centralised management in Brussels and the Central Governments of the multiannual financial framework, starting…
The value of the settlements already remitted by the tax authorities to companies in the Madeira Free Trade Zone (ZFM) identified as having received illegal State aid amounts to 525 million euros, but only a fraction has been returned – 66 million euros. Recent data from the Tax and Customs…
The Portuguese Communist Party (PCP) considers Madeira “as the champion of high prices.” This was their analysis after speaking to members of the public in Ribeira Brava which, according to the party, shared their concerns over increases in the cost of living.” Party leader, Ricardo Lume said that “throughout the…