Controversy surrounds the new air mobility subsidy ruling. Now, only citizens residing in Madeira from the European Union, Schengen area, and Brazil are entitled to request a refund. This decision has already caused various inconveniences to sports clubs, students, and children of excluded residents residing in the Region. CTT is…
Posts published in “Economy”
As of midnight tomorrow (17th of November) the price of fuel will increase. Starting Monday, 95-octane petrol will increase by 0.9 cents, from 1.522 to 1.531 euros, while diesel will increase by 2.2 cents, to 1.289 euros. Samantha Gannon info at madeira-weekly.com
Israeli developer Yard Properties is preparing to invest seven million euros in Funchal through the creation of a second property project. According to Jornal EconĂłmico, ‘Ferreiros Residences’ is Yard Properties’ latest bet, with 14 one and two-bedroom apartments, construction areas between 70.90m² and 85.90 m² for T1 and 118.30m² and…
The President of the Regional Government has said that “the motion of censure” issued by Chega to the executive “makes no sense at all”, but added that “if you want to play parties, play ahead”, because first you need to approve the regional budget. “Let the budget pass, because it…
The General Court of the European Union (CJEU) has rejected appeals by four companies involved in illegal state aid in the Madeira Free Trade Zone (ZFM), determined by Brussels, supporting the European Commission in its decision of its incompatibility with EU rules. According to a statement from the court, this…
Miguel Castro (CHEGA -CH) held a press conference this afternoon where he announced a ‘motion of censure against the Regional Government of Miguel Albuquerque.’ The motion of censure, as soon as it is delivered to the president of the Assembly, will have to be discussed and voted on, within a…
Ăguas e Residuos da Madeira ARM/Regional Government intends to increase the price of water by 12%. Annoyed at the indignation of the region’s mayors, Miguel Albuquerque reacted by saying that it was an insignificant increase because it represented only three cents for each cubic meter of water. This may be…
MEP Paulo do Nascimento Cabral (PSD) was one of those chosen to question the future European Commissioner for Agriculture and Food, during his confirmation hearing, which took place today in Brussels, about POSEI and EAFRD. In his speech, Paulo do Nascimento Cabral highlighted “the importance of the agricultural sector in…
The Government of Madeira today started charging non-residents a fee of three euros on seven classified walking routes, a measure that will cover all recommended trails from January 2025. “We have a two-phase process. Today we start charging on seven walks and as from the 1st of January 2025 all…
The new waste tax on seven classified walking routes in the Region is already in force, and residents are exempt, revealed the Regional Secretary for Agriculture, Fisheries, and Environment, Rafaela Fernandes, who to mark the occasion visited Pico Areeiro. The minister assured that only from January 2025 will all the…
According to data released by the Regional Directorate of Statistics of Madeira, based on information provided by ANA – Aeroportos de Portugal, 458.4 thousand passengers transported on 3,042 aircraft arrived and departed the airports of the Autonomous Region of Madeira in September this year, reflecting year-on-year rates of change of…
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…
Data provided by Sociedade InterbancĂĄria 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…