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…
Posts published in “Economy”
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…
Manuel Pedro, President of the Municipal Assembly of Câmara de Lobos, was the first to take the pulpit in the solemn session of the 189th anniversary of the municipality. From there he discussed the weaknesses of the parish in the face of the risk of natural disasters and the difficulties…
The prices of houses for rent in the Autonomous Region of Madeira rose by 4.4% in September compared to the same month of the previous year. According to the idealista price index, renting a house in the region had a cost of 13.8 euros per square metre (euros/m2) at the…
Elected PS/Madeira MEP SĂ©rgio Gonçalves recently met with representatives of Airbnb to articulate issues related to the tourism and local accommodation sector, with talks directly relating to the regulation of short-term rentals. This regulation, approved in the previous mandate, aims to strengthen the transparency of short-term rentals by introducing harmonised…
Between the 8th and 10th of November, the Pestana FĂłrum Casino will hold its Funchal Noivos & Festas. For those who wish to take part in the event, registration is open until the 8th of October. The event aims to “bring together all party/festivities related companies under the same roof,…
At the ceremony to distinguish individuals and tourist entities, at the Convent of Santa Clara, the President of the Regional Government stressed to the audience that “pressure is not fatal. It forces you to make decisions to improve the destination,” namely at the level of greater density at certain times…
A cooperation protocol was signed today in the Noble Hall of the Funchal City Council, between the Funchal City Council, APRAM – Madeira Ports Association, and CLIA (Cruise Lines International Association) aims to carry out actions to plant native or endemic trees in the Funchal Ecological Park during the end…
A recently released audit report by the Court of Auditors (TdC), has detected 39 situations of illegal exercise of functions inherent to management positions in the Funchal City Council between 2018 and 2022. These relate to the substitution regime, in violation of the provisions of paragraph 3 of article 27…
The Debt Bulletin of the Region was released today, in which it is possible to observe that the gross debt of the Regional Public Administration increased by 144.6 million euros, at the end of the first half of this year, compared to the end of the previous quarter, standing at…
The argument of the Public Prosecutor’s Office in the ‘Ab Initio’ case, according to some national press reports, will involve three regional secretaries: Pedro Ramos (Health), RogĂ©rio Gouveia (Finance) and Pedro Fino (Equipment and Infrastructure). Precisely the same officials who oversee the two dozen bodies that were searched last Tuesday…