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Rumours were swirling in Lisbon last week that Novobanco had likely been sold to the French banking group BPCE, but the news was finally confirmed on Friday. An agreement was reached between the [...]

Last week Portugal’s Recovery and Resilience Plan (RRP) paid out beneficiaries €81 million and approved applications for funds for 355 candidates according to the latest monitoring report. To [...]

In a rush to beat the introduction of “reciprocal” tariffs imposed by the White House, US orders from Portugal offset an overall drop in exports in the first quarter of this year. [...]

The former TAP SGPS, now renamed SIAVILO, has until June 23 to pay a €177 million debt which had been contracted in the form of a loan in 2016 from the Brazilian airline Azul and Parpública, an [...]

Portugal’s former Prime Minister and current President of the European Council, António Costa, has praised Portugal for consistently making the European Commission’s ‘best performance’ list when [...]

Vanpro, a joint-venture between Faurecia and Adiente, is to close down leaving 475 people unemployed. The company, which has been supplying Autoeuropa for decades, has not been chosen by the VW [...]

Portugal’s tourism sector predicts a positive summer, expecting better results than 2024, but fears that the chaos at Portugal’s airports, particularly Faro and Lisbon, with TV and media images [...]

Mário Centeno, perhaps the best Governor of the Bank of Portugal the country has seen in 25 years, warned that continued uncertainty over tariffs could undermine growth in the Portuguese economy [...]

The leader of Portuguese populist party Chega – now the leading opposition party in the parliament – André Ventura, has accused the Governor of the Bank of Portugal, Mário Centeno, of [...]

The LAR Group, a Spanish company focused on real estate investment and management, is planning to expand its activity to Portugal in the shopping centres market according to its CEO José Manuel [...]