Portuguese oil and gas giant Galp posted a profit of €624 million in the first half of 2024, up 23% on its net RCA (Replacement Cost Adjusted) result in H1, 2023. Production, however, fell in the [...]
Portuguese paper distribution company Inapa, which ran out of money last week after a €12 million cashflow problem at its German subsidiary, has declared insolvency. According to ECO online news [...]
An interesting reflection on the reasons behind the rise of the far right and populist political parties in Europe was delivered to the members of the International Club of Portugal (ICPT) by [...]
Bankinter has posted net profits of €473.5 million for the first half of the year, an increase of 13.3%. The Spanish group’s EBITDA was €715.4 million, an increase of 14.4% of which the bank’s [...]
Porto-based fund 33N Ventures has led investment rounds in cybersecurity startups Exein and StrikeReady with US$15 million and US$12 million respectively. The investment from the VC led by Carlos [...]
Investment funds managed by Strategic Value Partners (SVP), as well as other minority investors, have agreed to sell the motorways concessionaire Autoestradas do Douro Litoral (AEDL) to funds [...]
Telecoms operator Nos closed the first half of the year with a net profit of €148.6 million, a figure that compares to the €80.5 million posted like-for-like in 2023 (+84.6%). The bumper result [...]
The Competitiveness Forum has forecast a slowdown in Portugal’s economic growth from 2.3% in 2023 to between 1.8% and 2.1% in 2024, stabilising in that range in 2025, according to its Business [...]
Portugal’s Central Criminal Investigation Court (TCIC) has decided to bring to trial four defendants in a corruption case associated with the failed bank Espírito Santo and its associated [...]
The Autoeuropa car plant in Palmela, near Setúbal has decided to apply a layoff regime for 3,742 of its 4,900 staff for a period of 13 days this month. With eight days of layoffs already made in [...]
