Novo Banco has decided to pull out of Spain after six years of losses totalling €450 million. Novo Banco has decided to pull out of Spain after six years of losses totalling €450 million. António [...]

Sonae Sierra, the Portuguese multinational shopping centre developer and management company has frozen rent payments on shop units as shop traders face ruin. Sonae Sierra has decided to defer 50% [...]

By NATASHA DONN [email protected] Infrastructure  ||  Brussels has given Portugal the ‘carte blanche’ it needs to keep going through the pandemic – spending where it has to spend [...]

The Covid-19 crisis has not been easy on Algarve estate agents who pride themselves on the personal touch when dealing with clients. Kerstin Buechner Director of QP Savills and her team put their [...]

Quinta do Lago’s South Course is to be given a modern makeover as part of a new €7m golf course investment programme taking place at the luxury Portuguese resort this summer. The upgrade of the [...]

Angola, once a byword for family corruption, is cleaning its act up and diversifying its economy with beach and wildlife tourism in the government’s sights says international research entity The [...]

DefinedCrowd, founded by Portuguese entrepreneur Daniela Braga, has just succeeded in netting €46.2 million of Series B investment in what is the largest round achieved in the US by an AI [...]

Portugal’s state budget deficit deteriorated by €341 million like-for-like on 2019 because of a 5% fall in revenue growth. Set against a growth in expenditure (6.1%), the worsening situation of [...]

Portugal’s Industrial Confederation has warned that a €6.2Bn credit line has all but run dry while 69% of companies are still waiting for emergency cash that could spell the difference between [...]

Despite Portugal’s hotel sector taking a hard hit from the Covid-19 pandemic, the price of hotel rooms is unlikely to suffer abrupt falls according to the Portuguese Hotel Association. In an [...]