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The hotel sector in Portugal is less optimistic about 2019 because of the BREXIT effect according to the sector. For the first time in many years Portuguese holidaymakers outstripped foreign [...]

Tax payers earning €653 per month or less will not pay income tax from next year. The tax deductible amount will rise from €428.9. It means that those with an annual net income of up to €9,150.96 [...]

French millionaire Pierre Castel has paid €100 million for four emblematic office towers in Lisbon. According to the weekend newspaper Expresso, the deal was closed in October. Two towers each [...]

Part of the largest portfolio of default loans in Portugal is to be put up for sale by Novo Banco. The restructuring fund KKR won the race to buy €1.7Bn of Non-Performing Loans which Novo Banco [...]

TAP estimates it will close 2018 with 16 million passengers and is expected to grow over 10% to 15% in 2019. The news was revealed by its CEO, Antonoaldo Neves during a Christmas lunch with the [...]

LVMH – Moet Hennessy Louis Vuitton, the largest luxury group in the world has agreed to buy Belmond Ltd., which owns 46 luxury hotels, restaurants, trains and river cruise boats, including [...]

Staff at Portugal’s biggest car plant Autoeuropa may have to down tools for several days over an industria dispute involving dockworkers.The ongoing strike at the Port of Setúbal over wages, [...]

Work on the first five-star wellness resort for Aljezur has begun after years of delays. The €10 million 114-bed resort will be single storey and constructed in bungalows in a botanical gardens [...]

The financial ratings agency Moody’s predicts that property prices in Lisbon and Porto will continue to rise over the next 12 to 18 months but cautions that the increases are abnormal. “We [...]

Profits at Portugal’s mutual bank Montepio Geral have plummeted from €587 million to just €1.7 million this year. The bank, led by Tomás Correia, has been blighted by allegations of corruption [...]