30% of foreign investment in properties in Portugal is concentrated in Funchal. Data published today by real estate portal Idealista shows that interest in real estate in the country was significant in the first quarter of this year, The majority of property searches in Madeira by foreign citizens come from…
Posts published in “Economy”
“Nação Valente”, by João Annes, was presented on Wednesday afternoon in Funchal, at a ceremony held at the Savoy Palace Hotel. The session was attended by the President of the Regional Government, Miguel Albuquerque, as well as several figures linked to regional culture, in addition to senior officials in the…
The movement A New Hope (UNE) accuses the mayor of Porto Santo, Nuno Batista, of staging an “institutional firmness” against Binter Airlines to try to erase months of inaction and a lack of results. In reaction to the news published in this Saturday’s edition of DIÁRIO, which reports the intention…
The Regional Secretary for Infrastructure, Pedro Rodrigues, said on Tuesday that Porto Santo should reach extended periods of energy production based on renewable sources this year. “We estimate that there will be 200 days during the year that renewable sources entirely supply Porto Santo’s electricity,” he said, during a visit…
The Porto Santo Line (PSL) has announced that it will now offer daily connections between Madeira and Porto Santo until the end of October. In a note issued, the Porto Santo Line highlights that the additional Tuesday service “represents a clear commitment by the company in increasing resident mobility, and…
Between the 16th and 18th of April, the city of Funchal will host its 4th urban festival, ‘VivaCidade.’ A cultural initiative that boosts Funchal’s profile through a diverse artistic programme. The project, the result of a municipal investment of around 30 thousand euros, aims to transform emblematic public spaces in…
The CDU was in Santo da Serra today and marked the market in the itinerary of the “works of Santa Engrácia.” In this case, a work promoted by the City Council of Santa Cruz, governed by the JPP. “It is not only the Regional Government that promotes Santa Engrácia’s works…
The president of the Regional Government of Madeira, Miguel Albuquerque, reacted to the new model of the social mobility subsidy approved in the Assembly of the Republic, warning of risks associated with the diploma and criticising the position taken by the opposition throughout the process. The minister began by stressing…
The President of PS-Madeira, Célia Pessegueiro, has criticised the political options that, in her view, have prioritised regional management, particularly in the area of mobility. “They prefer tourists over citizens’ local elections,” the socialist leader told journalists, on the sidelines of the conference ‘April Conversations: 50 Years of Autonomy’, regarding…
The councillors of Juntos Pelo Povo (JPP) in the Funchal City Council are hosting a public debate at the Barceló Hotel, located at Rua da Alfândega, n.º 9, at 18:00 tomorrow, under the title ‘The new Regulation of Local Lodging in Funchal,’ within the scope of the Funchal 360 initiative.…
As of April, the SIGA bus bosses are increasing the bus prices. Monthly passes will cost 50 cents more, and the individual bus fare will go up from 2€ to 2.05 €. Now every passenger will have to scramble after the 5 cent “thingis”, and the bus drivers, who are…
Fuel prices will rise again next week. Gasoline 95 will cost 8 cents more, while road diesel has a new increase of 13.1 cents. With these updates, petrol will cost 1,822 euros per litre, while diesel is close to two euros per litre, settling at 1,927 cents. Samantha Gannon info…
Gonçalo Maia Camelo questioned the President of the Regional Government on the need to create measures to ensure competitiveness for the region’s companies, namely, tax incentives. The IL deputy also addressed the situation of the Free Trade Zone, which has “stagnated” due to the Brussels investigations, leading to a decrease…
The PCP warns of a worsening economic situation, exacerbated by recent international events, which have been used as an excuse to raise prices of essential goods. In a press release, the PCP notes that “as in previous incidents, there is a logic of exploitation by large distribution companies, who use…
The Portuguese Labour Party (PTP) today criticised the economic impact studies released by the Regional Government of Madeira on the future Faial golf course, in Santana, stating that believing in the numbers presented “is the same thing as believing in Santa Claus.” At stake are evaluations that point to an…