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The banking and financial services group Montepio has denied that its insurance companies have a €160 million black hole. The assertion had been made by the newspaper Público that its two [...]

National carrier TAP has accumulated losses of €593 million from its maintenance and engineering operation in Brazil over 13 years. In 2021 alone, the last year of operation, the department which [...]

The Portuguese government has made its biggest investment yet in student residences. It will invest €375 million in the construction, acquisition, repurposing and renovation of either existing or [...]

Portugal’s boating and media tycoon Mário Ferreira will be the first Portuguese to visit space. The owner of Pluris Investments, through which he holds a share in media company Media Capital [...]

Investment from Portugal’s Golden Visa programme rose 33% in the first half of 2022 compared to H1 in 2021. According to the news agency Lusa and based on statistics from SEF, investment netted [...]

A Portuguese millionaire entrepreneur has acquired the Herdade do Vale Feitoso – the largest fenced estate property in Portugal. Ricardo Machado, who has a dispute over €1Bn running in [...]

The Portuguese gas and oil company Galp says it will begin producing sustainable or green aviation fuel in Portugal. The announcement was made by the company’s CEO Andy Brown at a ceremony that [...]

The leader of the opposition PSD party has thrown the decision over the site and future of Lisbon’s new international airport back into the government’s court. Luís Montenegro says that [...]

After strong criticisms that Pluris, owned by media tycoon Mário Ferreira, got €13 million in grants from RRP funding, Pluris argues that the company has made investments of €674 million over the [...]

S&P Global Ratings has issued a rating notice for Portugal’s Banco Comercial Português confirming its current classification of ‘BB/B’. The rating is based on the conviction that the bank has [...]