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    Archives

    Monthly Archive for: "Maio, 2020"
     Novo Banco quits Spain after €450 million loss
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    By Fernando Caetano
    In Banks, Finance, News
    Posted 29 Maio, 2020

    Novo Banco quits Spain after €450 million loss

    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 [...]

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     Sonae defers shop rents by 50%
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    By Fernando Caetano
    In Economy, News, Property
    Posted 29 Maio, 2020

    Sonae defers shop rents by 50%

    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% [...]

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     Brussels gives Portugal spending ‘carte blanche’
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    By Fernando Caetano
    In News
    Posted 29 Maio, 2020

    Brussels gives Portugal spending ‘carte b...

    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 [...]

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     A day in the lockdown life of an Algarve property agent
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    By Fernando Caetano
    In News, Opinion, Property, Tourism
    Posted 29 Maio, 2020

    A day in the lockdown life of an Algarve proper...

    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 [...]

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     Quinta do Lago unveils new €7M golf investment
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    By Fernando Caetano
    In Business, Development, Economy, News, Tourism
    Posted 29 Maio, 2020

    Quinta do Lago unveils new €7M golf investment

    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 [...]

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     Fresh tourism opportunities in Angola
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    By Fernando Caetano
    In Business, Consultancy, Development, Economy, In Focus, News, Tourism
    Posted 27 Maio, 2020

    Fresh tourism opportunities in Angola

    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 [...]

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     DefinedCrowd gets €42 million Series B
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    By Fernando Caetano
    In Companies, News, Start-Up
    Posted 27 Maio, 2020

    DefinedCrowd gets €42 million Series B

    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 [...]

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     Portugal gets €1.6Bn budget deficit over Covid-19
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    By Fernando Caetano
    In Economy, News
    Posted 27 Maio, 2020

    Portugal gets €1.6Bn budget deficit over Covid-19

    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 [...]

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     69% of companies still awaiting government bailout finance
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    By Fernando Caetano
    In Economy, Industry, News
    Posted 27 Maio, 2020

    69% of companies still awaiting government bail...

    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 [...]

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     Hotel room rates likely to remain stable
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    By Fernando Caetano
    In News, Tourism
    Posted 27 Maio, 2020

    Hotel room rates likely to remain stable

    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 [...]

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