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According to the African Development Bank’s economic outlook report, Angola’s oil driven economy has been in recession since 2016, leading to an increase in its debt-to.GDP ratio from 57.1% in [...]

The President of Portugal’s competition authority AdC is tipped to head the stock market regulator CMVM. Margaret Matos Rosa could replace the current head of the CMVM, Gabriel Bernardino after [...]

Portugal’s Novobanco has received no less than 100 offers for its prime site headquarters on Lisbon’s most expensive avenue. The bank, which is mostly owned by the US equity fund Lone Star, and [...]

Portugal’s Ministry of Culture is to end a protocol between the government and the Berardo Foundation which will come into effect in January 2023. The protocol with multi-millionaire entrepreneur [...]

The Navigator Group has distributed €11 million in bonuses to its 3,200 staff. The decision was made after the company announced that it had made €50.6 million in profits in the first quarter of [...]

The Portuguese industrial conglomerate Semapa saw profits grow 65.3% in the first quarter of 2022 to €42 million largely on the back of an increase in paper prices in Europe. The group, led by [...]

The Portuguese Government, through its tourism bureau Turismo de Portugal, appears to have backtracked on statements said to have been made by its president that Portugal’s northern region should [...]

The Portuguese fine bone china and crystal glass company Vista Alegre has reduced its losses in Q1 to €300,000. The company registered a business turnover of €30.3 million, up 59.6% like-for-like [...]

Sonae is to pump €300 million into its technology investment venture capital subsidiary in an investment that will double the amount it has already invested since 2016. Bright Pixel Capital, [...]

Efacec posted a consolidated loss of €183.9 million, an operational loss of almost €40 million, and a net debt of €193 million for 2021. However, the figures for the first quarter of 2022 seem to [...]