Financial Places
 
 
Username:
 
Password:  
 

Lost Password

 
Financial Places Home Page
About FP
Advertise Opportunities at Financial Places
Publication Information
News for the financial market
Calendar of Events
Central Banks & Associations
Glossary
 

 

 

 

 
MADEIRA
Local Time
Country Fact Sheet

Location

These islands are a Portuguese autonomous archipelago in the north Atlantic Ocean

Capital

Funchal

Surface

797 sq kms

Population

250,000 people

Currency

Euro

GDP

Purchasing power parity - $4.6 billion (2003 est.)

GDP/capita

Purchasing power parity - $12326 (1998)

Language

Portuguese

Religion

Roman Catholic

Government

Autonomous region, President: Alberto Joao Jardim

Time Zone

GMT +1 hour

Telecom Code

+351

Airport

Aeroporto da Madeira (FNC/LPMA), Porto Santo Airport (PXO/LPPS), Santa Cruz Airport (FLW)

Driving

On right hand side of the road, license required

Electrical

220V AC, 50Hz

Political climate

Stable country

 
Local Business & Service Providers
Financial services
Legal and fiduciary
Financial
Technology
Business travel
Image identity Consultancy
Corporate incentives
Automotive services
Accommodations
Lifestyle
 
History

It has been conjectured, but on insufficient evidence, that the Phoenicians discovered Madeira at a very early period. Pliny mentions certain Purple or Mauretanian Islands, the position of which with reference to the Fortunate Islands or Canaries might seem to indicate Madeira islands. Plutarch (Sertorius, 75 AD) referring to the military commander Quintus Sertorius (d. 72 BC), relates that after his return to Cadiz following a military reverse in Mauretania, "he met seamen recently arrived from Atlantic islands, two in number, divided from one another only by a narrow channel and distant from the coast of Africa 10,000 furlongs. They are called Isles of the Blest." The estimated distance from Africa, and the closeness of the two islands, seem to indicate Madeira and Porto Santo.

There is a romantic story, of doubtful truth, to the effect that two lovers, Robert Machim and Anna d'Arfet, fleeing from England to France in 1346, were driven off their course by a violent storm, and cast on the coast of Madeira at the place subsequently named Machico, in memory of one of them. On the evidence of a portolan dated 1351, preserved at Florence, Italy, it would appear that Madeira had been discovered long previous to that date by Portuguese vessels under Genoese captains.

In 1419 two of the captains of Prince Henry the Navigator, João Gonçalves Zarco and Tristão Vaz Teixeira, were driven by a storm to the island called by them Porto Santo, or Holy Port, in gratitude for their rescue from shipwreck. The next year an expedition was sent to populate the island, and, Madeira being described, they made for it, and took possession on behalf of the Portuguese crown.

The islands started to be settled circa 1432 or 1433. In September 23, 1433, the name ILHA DA MADEIRA (Madeira Island or "island of the wood") appears in a map, by the first time, in a document.

In 1921, the Austro-Hungarian Emperor Charles I was deported to Madeira, after an unsuccessful coup d'état. He died there one year later.

In 1976, following the democratic revolution of 1974, Portugal granted autonomy to Madeira.

 
Local Radio
FM Radio

 

88.1 Radio Jornal de Madeira

 

 

89.2 Radio Sao Vicente

 

 

98.8 Radio Calheta

 

107.4 TSF Radio

 
 
Local Weather Forecast
BBC Weather http://www.bbc.co.uk/weather/
Reuters http://today.reuters.co.uk/weather/default.aspx?weathertype=editWeather
 
Government Agencies
 
Country Index E-M

_Egypt

_Estonia

_Finland

_Florida

_France

_Galapagos Islands

_Ghana

_Gibraltar

_Greece

_Grenada

_Guadeloupe

_Guernsey

_Guyana

_Hong Kong

_India

_Iran

_Ireland

_Isle of Man

_Jamaica

_Japan

_Jersey

_Labuan

_Latvia

_Lebanon

_Liberia

_Liechtenstein

_Lithuania

_Luxembourg

_Macau

_Madeira

_Malta

_Marshall Islands

_Martinique

_Mauritius

_Melilla

_Monaco

_Montserrat

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
Terms & Conditions
Copyright © 2007 Financial Places. All rights reserved.