Madeira is a Portuguese archipelago that lies just under 400 km north of Tenerife, Canary Islands, in the north Atlantic Ocean and an outermost region of the European Union. Madeira was re-discovered by Portuguese sailors in the service of Infante D. Henrique in 1419, and settled after 1420. The archipelago is considered to be the first territorial discovery of the exploratory period of the Portuguese Age of Discovery.
Today, it is a popular year-round resort, being visited every year by about one million tourists, noted for its Madeira wine, flowers, landscapes and embroidery artisans, as well for its annual New Years celebrations that feature the largest fireworks show in the world, as officially recognized by the Guinness World Records, in 2006. (source)
Thank you Susana!