Total exports from Madeira-based companies last year increased by 6.1% compared to 2023 valuing around 372 million euros. In turn, imports stood at 273.8 million euros in 2024 (0.2% more than in the previous year), which translates into a positive balance of trade in the Region’s foreign trade balance, in…
Posts published in “Economy”
From now on it will be possible to make Social Security payments via bank transfer. This is made possible due to the printed individual IBAN printed on the document. This, says a Social Security Institute (ISS) spokesperson will make the payment process easier and more efficient. “For each payment document…
Joy4rent Lda has introduced its new vessel ‘SeaYou’. The company intends to create a ‘maritime bus’ service between Calheta (Porto de Recreio) and Caniçal (Quinta do Lorde), with a stopover in Funchal (Pier 8). If all goes well the company is hoping to run a service to Porto Santo in…
The leader of the PS/Madeira has guaranteed that if the PS is in government, an agricultural reserve will be created in the Region. A way, explained Paulo Cafôfo, to ensure that the most fertile land is destined for the maintenance and enhancement of agriculture and, at the same time, to…
“The Madeira Liberal Initiative is against investing millions of euros that the Regional Government insists on making, through Sociedade Ponta Oeste, in a golf course in Ponta do Pargo, when government focus should be on investing in health, education or essential infrastructure for Madeirans.” Gonçalo Camelo, coordinator of IL Madeira,…
This situation can get complicated, especially the bureaucracy in selling our products to the United States,” admits Tiago Freitas, President of IVBAMA. He was talking to reporters as the United States prepares to introduce new customs tariffs on Europe, which will affect Madeira wine, rum, and embroidery exports. Samantha Gannon…
The president of the Parliamentary Committee on Agriculture and Fisheries, Emília Cerqueira, was confident that “precautionary measures will be taken” to protect Madeiran bananas and other products from the outermost regions, if the Mercosur agreement is ratified by European Union member states. The deputy was thus reacting to the concerns…
During the second-day visit of members from the Assembly of the Republic, meetings were held with the Madeiran Farmers Association and Coopescamadeira – Fishing Cooperative of the Madeira Archipelago. João Ferreira, President of the Association of Farmers, wanted further clarification on the Land Law, which although is not in force…
The Funchal City Council has already approved the rules for construction in Praia Formosa. Councilman João Rodrigues revealed that seven new buildings with nine floors and basements will be licensed, in addition to a large public garden. Samantha Gannon info at madeira-weekly.com
The Hotel Union is on strike tomorrow over wage increases. Due to the negotiating impasse for the workers of the sector, the demonstration is scheduled for 15:45 pm, leaving the union, at Rua da Alegria n.º 31, followed by a descent along Plaza Madeira, to Rua dos Aranhas, in front…
In view of Juntos Pelo Povo’s (JPP) statements classifying the end of the pre-purchased on-board ticket at Horários do Funchal as a “brutal camouflaged increase in bus fares,” the Regional Secretariats for Equipment and Infrastructures has clarified the situation. The statement begins by mentioning that the integrated ticketing system in…
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…
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…