The number of people looking for a property to rent through the Idealista website fell by 20% in December 2024, compared to the same month in 2023 (23 to 18). This current situation reverses the trend of the previous, more recent quarters, which remained at 23 contacts for each property…
Posts published in “Economy”
Taxpayers who, in 2024, had capital income, such as interest, and income not subject to tax – daily allowances or meal allowances-, greater than 500 euros will have to declare them to the IRS. This reporting obligation is part of an amendment to the IRS code, introduced by the State…
The price of fuel will increase from midnight tonight (26/01/25). According to the joint order of the Regional Government published today, a litre of 95 octane petrol will cost 1,614 euros and diesel will rise to 1,388 euros. Samantha Gannon info at madeira-weekly.com
Beekeepers (at least those in Ribeira Brava) are still waiting for help from the Regional Government after last August’s fires. The accusation was made today by the Mayor of Ribeira Brava, Ricardo Nascimento, at the opening of the Poncha and Honey Exhibition. “The Regional Government delivered food to the bees…
The Regional Secretariat for Economy, Tourism and Culture (SRETC) is “surprised” by the implementation of new eligibility criteria for the Social Allowance of Mobility (SSM) of routes with connecting flights, to and/or from Madeira to Porto Santo. The National Civil Aviation Authority (ANAC), has advised Correios de Portugal (CTT), who…
According to a survey released this morning, seven out of ten companies are against the implementation of a four-day week, especially in commerce, industry, and construction, and 71% of those who agree argue that the measure should be optional. Prepared by the Portuguese Industrial Association – Chamber of Commerce and…
Juntos pelo Povo (JPP), has expressed its “deep discontent” with the predictable outcome of the investment in the so-called ‘Fábrica das Algas’, a project of the Madeira Electricity Company (EEM) that involved more than 50 million euros and aimed to transform algae into biofuel to ensure the energy independence of…
The Government will move forward with tenders for the production of sustainable fuel (SAF) and has already received expressions of interest from “several companies,” announced the Minister of Environment and Energy, Maria da Graça Carvalho. “What we want is for Portugal to be a European and even world producer of…
Although the variation of the Average Consumer Price Index (CPI) of Madeira, recorded in 2024, stood at 3.3%, 1.7% less than in the previous year, inflation rates rose in three sectors. According to data from the Regional Directorate of Statistics of Madeira (DREM), the core inflation indicator, measured by the…
The CDU held a political initiative today at the Santo da Serra Market to highlight “the importance of highlighting the struggles the population have with social, political, economic and cultural rights in the Autonomous Region of Madeira.” Saying that “it was worth fighting, Edgar Silva, regional coordinator of the PCP,…
The President of the Regional Government once again assured reporters this morning, that a set of public contracts “will stop,” including work on the Central and University Hospital of Madeira. Miguel Albuquerque explained to journalists that the holdup is due to the failure to agree on the budget and the…
Miguel Albuquerque considers that “the 9th of March is a good date” for holding regional elections. Furthermore, he will reiterate his commitment when he speaks to the President of the Republic, next Tuesday during his hearing with Marcelo Rebelo de Sousa. The President of the Republic will hold talks with…
The Court of Auditors (TdC), in its 2023 External Verification of the Regional Government Treasurer’s Account, indicates that the Regional Government did not fully comply with a recommendation regarding budgetary rules on the use of bank and treasury balances, which had already been left in the previous year’s report. In…
On the 30th of December, The Madeira Hotel Union organised a demonstration against the employers’ proposal of a 5.5% wage increase, with a guarantee of a minimum increase of 53 euros for 2025. As a result of their offer, several dozen workers were seen demonstrating near the entrance to the…
This year’s New Year’s Eve firework display, titled ‘Azulejos da Madeira” is one of the island’s most anticipated events. Lasting eight minutes, there are 59 firework stations (27 in the Funchal amphitheater, 25 on the city’s seafront, five at sea, and two on the island of Porto Santo). The show…