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Simoldes, a Portuguese company that has been making plastic moldes and tools since 1959, has invested €23 million in developing an alternative to lithium-powered batteries. As part of its new [...]

The Irish apart-hotel chain StayCity is to open a new unit in Lisbon’s Rua Castilho. The apart-hotel will operate from the same building that used to house the Hotel Diplomático. The refurbished [...]

Telecoms company Oi posted a loss of €61 million for Q2 of 2022, a result which could have been worse had it not been sold to operators Claro, TIM and Vivo. The operator Oi posted a total loss of [...]

The number of people employed by the Portuguese State hit a new record of 741,698 – the maximum since statistics began in 2011. The number refers to figures released for the two quarters up [...]

Tourism revenues in Portugal soared 157% in June, overtaking revenues made that month in 2019. The sector registered 2.7 million guests in June, raking in €545.4 million — the equivalent of an [...]

Portugal’s largest wine producer, Sogrape, which produces Mateus wines, is to invest “several millions” in viticulture at its 450 hectare Herdade do Peso estate — which represents 10% of its [...]

The Spanish real estate investors Merlin Properties has bought one of the most iconic modern buildings in Lisbon for €112.2 million. The purchase of the Novobanco HQ building located on Lisbon’s [...]

The Portuguese hotel, catering and allied business association AHRESP have come up with measures which it says could help ease the chronic lack of staff in the country’s tourism sector. The move [...]

The Portuguese court of competition has ruled that a €48 million fine slapped on the country’s largest power producer EDP – the highest ever issued in the company’s history — should stand. [...]

Interest rates on Portuguese two, five and 10-year sovereign bonds rose on Monday. According to Bloomberg, interest on 10-year bonds increased to 1.994% against 1.983% on Friday before the [...]