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…
Posts published in “Economy”
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…
Climate change is affecting the nation’s favourite hot beverage – coffee. If you can’t do without your coffee, then get ready to spend more on your daily intake. For the coming year, further increases are planned leaving many cafe owners wondering how to manage the situation, should they raise prices…
“We have come to say that PSD Madeira wants the elections to be held as soon as possible,” said Miguel Albuquerque, president of the party, at the end of the audience with the representative of the Republic that lasted about 30 minutes. “We are, at the moment, without a budget,…
The Swiftair cargo plane that supplies Madeira, which due to technical issues was unable to fly, is now operational again. Luckily, it was able to land in Madeira today and return to its base in Lisbon. Samantha Gannon info at madeira-weekly.com Views: 0
History was made at the Regional Assembly yesterday morning, the 17th of December 2024. The motion of censure presented by Chega has been approved. The action of opposition in the Autonomous Region of Madeira has dismissed the Regional Government. Chega, PS, JPP, PAN, and IL have thus united against the…
The Judiciary Police (PJ) carried out a police operation today, which led to the detainment of three defendants, two of them were arrested under the suspicion of corruption, fraud in obtaining aggravated subsidy, qualified tax fraud, and money laundering, having damaged the Portuguese State and the European Union (EU) for…