(23rd June). ‘Tax Revenues Fall More Than 20% . In the first five months there was a worsening of the deficit’. Portugal collected 20.7% less in the first 5 months of this year in tax revenues, than in the same period in 2008, according to data from the Ministry of Finance, pointing to a provisional deficit of €4.3 billion.
Meanwhile prices in industrial production for Portugal fell 5.1%, comparing May this year with May last year. Part of the reason is the fall in energy prices.
(22nd June). ‘Here It comes The 20th Edition Of The 100 Biggest And Best Companies’. This is the annual ceremony to recognise companies that have performed well or achieved something special in production growth, productivity, investment, or even in the well-being of Madeira in general. It is organised by the Diário de Notícias and Previsão, with the involvement of other organisations and individuals. The Diário understandably gives it a lot of coverage over the coming weeks (if previous years are anything to go by), much of it on the front page as a means of publicity, but I will not give it nearly as much coverage, at least until those to be distinguished have been identified and announced.
(23rd June). ‘BinterCanarias Baptises ATR72 With The Name Madeira – The Spanish airline recognises the importance of the Madeira market’. The new plane will take on the route twice weekly between the two archipelagos starting on Thursday at 1pm, and again on Sundays connecting direct Gran Canaria, with the guarantee of connections to most of the other islands, and also two cities in Morocco. It was built by the European Consortium in France and Italy. This Summer connection has been operating since 2004.
(22nd June). ‘Queen Victoria Comes At The Year End – There will be 7 cruise ships bringing over 10,000 passengers to Madeira’. The night of São Silvestre this year will be able to count on 7 cruise ships, the highlight being the new British owned Queen Victoria. Another new ship to come is the ‘AIDAluna’. Both will arrive on the 30th December and stay over to see in the new year. Others already confirmed are the ‘Oriana’, the ‘Boudicca’, the ‘Princess Danae’, the ‘Saga Ruby’, and the ‘Amadea’. For four of them it will be the first time here to see in the new year. I was surprised to learn that they will only have a total of 10,000 passengers, but the Diário gives the passenger capacity of each ship, and sure enough it is correct. There will be around 3,500 crew on top of that though.