Overnight hotel stays hit new record in August
Holidaymakers from the United States and Canada helped hotels in Portugal set a new record for overnight stays in August. Portugal’s tourist accommodation sector saw 3.8 million guests and 10.5 [...]
Banks contest development bank over InvestEU credit lines
Banks in Portugal say they have tens of millions of euros to finance innovative company projects up and down the country through the InvestEU credit line but can’t because the projects have [...]
Government changes rules on savings bonds
The government has approved several changes to government savings bonds or Certificados de Aforro. The most significant change approved by the Council of Ministers on Thursday, was the extension [...]
Fitch raises long-term outlook for insurer Fidelidade to ‘A’
The US ratings agency Fitch has raised the long-term rating of Portuguese insurer Fidelidade to ‘A’. In a note sent to newsrooms, it highlighted the insurer’s solid profile, robust [...]
Negotiations between Resolution Fund and Lone Star stall over future of Novobanco
Negotiations between the Resolution Fund and the US asset management company Lone Star have stalled over the future of Novobanco. The end of September was forecast as the time when negotiations [...]
Entrepreneur Chitra Stern awarded ‘Medal of Merit for Tourism’ by the Portuguese government
Entrepreneur Chitra Stern, co-founder, CEO and owner of the Elegant Group (Martinhal Family Hotels & Resorts) and founder of the United Lisbon International School and EDUHub, has been [...]
From referee to business manager – Pedro Proença, the man who cleaned up the finances of Portugal’s Professional Football League
A decade ago, Portugal’s Professional Football League was on the brink of bankruptcy – rudderless and divided. Ten years later, celebrity referee Pedro Proença arrived and turned the ship [...]
The evolving preferences of Londoners as they seek to move away from Britain
Research by the team behind the Moving to Portugal Show and Seminars has shed light on Londoners’ changing migration plans since the UK’s general election in July 2024. “As individuals relocate [...]
Highgate announces rebranding for four Algarve properties under Marriott International
Highgate, a real estate investment and hospitality management company, has announced the rebranding of four of its managed portfolio assets in the Algarve under the Marriott [...]
Odeceixe to offer 300 glamping accommodation units
Open-air hospitality operator wecamp has announced its expansion into the Portuguese market with the acquisition of two premium assets: Reserva Alecrim, and São Miguel, both in Odeceixe. [...]
