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Porto’s Monumental Palace Hotel has been sold for €38 million. The hotel, owned by Mário Ferreira and located in Avenida dos Aliados, was sold to  the luxury French hotel group Maison Albar. The [...]

Discovery Hotel Management (DHM) is to build a new hotel in Ponta Delgada, on the Azores Island of São Miguel. The new hotel, which will open in 2020, will be built on an area currently occupied [...]

Shareholders at bank BPI have voted for the bank’s exit from Lisbon’s Stock Market. The once Portuguese-owned bank, now in Spanish hands and led by Pablo Forero is leaving the PSI-20 32 years [...]

Street commerce in Porto has increased significantly since 2014, according to a market study from consultants Cushman & Wakefield released yesterday. According to the first edition of [...]

Lisbon will host the next Michelin Portugal and Spain Gala on 21 November. The ceremony will take place at the Carlos Lopes Pavilion at the city’s Parque Eduardo VII. For many of the chefs [...]

Lisbon is the 93rd most expensive city to live in the world, climbing 44 places from 2017. This is according to a survey from Mercer which lists Hong Kong as the most expensive city to live in [...]

China Three Gorges, the Chinese state utility which owns a significant share of Portuguese power company EDP has contacted large electricity utilities in Europe including Enel and Iberdola to [...]

The Convento do Beato currently owned by Cerealis has been sold to the Swiss group Larf Properties for an urban development project developed by architect Tomás Salgado. Larf Properties, an [...]

Portuguese President Marcelo Rebelo de Sousa has congratulated Lisbon for winning the European Green Capital Award for 2020 saying it was an “excellent opportunity” to adopt measures that promote [...]

Portugal has never had so many foreign investment projects according to a study from Ernst & Young. It is now considered the most attractive country in Europe to invest in short-term [...]