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Novo Banco is to receive a further €2.4 million from a real estate fund which belonged to the former Grupo Espírito Santo (GES). GES became insolvent last year with Novo Banco having a €60 [...]

Business organisations in the Algarve and Andalusia are to hand a formal request to both the governments of Spain and Portugal calling for a rail link between the airports of Faro and Seville. [...]

The Portuguese national carrier TAP recorded losses of €493.1 million in the first half of 2021 – an like-for-like improvement of €88.8 million. This was according to the airline’s results [...]

Some 80% of bank workers at one of Portugal’s largest commercial banks, Millennium bcp, have accepted an amicable recision agreement which will see 760 staff go as part of the company’s [...]

The Portuguese construction company Teixeira Duarte recorded debts of nearly €20 million in the first half of 2021. The amount of debt rose compared to the same half in 2020 when the company’s [...]

A total of 294 tax payers including former Socialist prime minister José Sócrates stand accused of hiding fortunes from the Portuguese tax authorities in Switzerland. Both individuals and [...]

The bank BBVA is to set aside €200Bn for sustainable financing to 2025. The amount announced is double the initial amount foreseen which had been announced in February 2018 (€100Bn). The goal, [...]

The amount of family savings in Portugal hit a record in July reaching almost €170Bn. Month after month the amount deposited in banks has increased and according to statistics released from the [...]

In just six years of Portugal’s socialist PS government, the amount of people employed by the State has ballooned to a new all-time high. According to Expresso’s ‘Economia’ the country has [...]

The startup Abtrace, which operates in both Portugal and the United Kingdom, has closed a financing round of €2.4 million. According to the company this investment includes a capital round of [...]