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The tax levied on tourists by hotels and accommodation raised €21.4 million of which €13.6 million was from Lisbon. The amounts represent a 61% increase like-for-like on 2022 while they revenues [...]

The Italian group Prysmian which is the world leader in cables manufacturing, is to invest €4 million in Portugal in projects to be set up in the next few months. The project involves the [...]

Ricardo Salgado, he former banker who headed Banco Espírito Santo and was instrumental in its eventual collapse in 2014, has been served with an eight year prison sentence for abuse of trust. His [...]

The average public sector worker earns more in Portugal than the average private sector employee according to the National Statistics Institute (INE). A public sector worker takes home an average [...]

Portugal is a tax heavy country, but not when it comes to inheritance and gifts, coming fourth from the bottom in a table of 22 Member States compiled by El Economista from data from the Tax [...]

Bank Crédito Agrícola published its first quarter results on Friday announcing profits of €95.8 million. The bank enjoyed an increase in own capital profitability of 18.4% while its net profits [...]

The leader of Portugal’s centre-right CDS party Nuno Mello has a lot on his plate to resurrect the fortunes of his party of 50,000 party members. He has the populist far right party Chega nipping [...]

The price of olive oil in Portugal has spiralled to new records because of the drought in Spain that has driven up prices to a 30-year high on the international markets with little chance of [...]

EDP Comercial and EDP Ventures has invested €1.7 million in the British startup Mixergy from a total investment round of €10.5 million. EDP Ventures is the corporate investor of the Portuguese [...]

Portugal’s Higher Council for Cyberspace Security – a body which is closely tied to the Council of Ministers – has decided this week that companies headquartered outside the EU, US [...]