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Novo Banco has requested €600 million from the Resolution Fund to partly cover losses of around €160 million made in 2020. But Prime Minister António Costa said that the application to the fund [...]

The National Institute of Agrarian and Veterinary Research (INIAV) produces results-based solutions to diseases that affect farmers and foresters, working hand-in-glove with them on the ground. [...]

There are 42 new four and five-star hotels in the pipeline for the Portuguese market currently under construction. It means an estimated 7,079 rooms will come on line in the market over the next [...]

Novo Banco’s accounts for 2020 reflect an increased exposure to risk from the Angolan bank Banco Económico which had, before 2014, been part of the Espírito Santo group. The Angolan bank’s rating [...]

Feedzai, the Portuguese startup founded by Nuno Sebastião, has just raised US$200 million in an investment round, making the company, which is now worth €1Bn, Portugal’s fourth unicorn. The [...]

Portugal’s public administration finances recorded a deficit of €1.153Bn to February 2021, a period marked by more restrictive measures to control the pandemic. This deficit compares to a surplus [...]

The CEO of Ryanair, Eddie Wilson has slammed the Portuguese government’s decision to step in and bail out TAP as “discriminatory against other airline companies.” And he has accused the European [...]

Almost 800 TAP staff have signed up to a voluntary redundancy package to quit the national carrier. Applications for amicable redundancy by mutual agreement, early retirement, part time [...]

In celebration of its first decade of operation, Braga-based Casa de Investimentos has launched the first 100% share-driven Pensions Savings Plan Fund (PPRF). The idea of its new product is to [...]

A leading Portuguese economist who managed Novo Banco at the time it was set up in 2014, says that the new bank project was crippled from the start by an underfund of €3.6Bn. Vítor Bento, the [...]