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Portugal’s trade deficit widened by €1.039Bn in April like-for-like on the same month in 2021, to €2.445Bn. Both exports and imports grew 16.9% and 33.9% respectively in the first quarter of the [...]

The board at State-run bank Caixa Geral de Depósitos has given the green light for the separation of assets between Vanguard Properties and Amorim. It means that it has finally approved a change [...]

Portugal’s treasury and debt agency IGCP is to auction €0.5Bn in treasury bonds, with a September 2022 maturation date, on 15 June. On 18 May, Portugal auctioned €1.5Bn of treasury bonds, with [...]

Portugal imported its greatest volume of electricity between January and May. It was the equivalent of an entire month of consumption largely because hydropower production fell to historically [...]

Portugal was the fourth county in Europe which most used renewable energy in electricity production in Europe between January and May with a new record achieved in Portugal. Solar energy [...]

Over 100 days since the invasion, Russia’s war of attrition in Ukraine is having devastating consequences for the region and the world, not just economic, but social, with 15 million displaced, [...]

The Fladgate Partnership has sold the iconic Porto boutique hotel Infante Sagres to a group of investors. The hotel was sold to a group of Asian investors, Gaw Capital according to the online [...]

Last week a leading light in Portugal’s conservative centre-right Social Democratic Party (PSD) expounded the view that while Portugal’s SNS National Health Service is “safe in our hands”, the [...]

Many of Portugal’s hotels are unable to find enough staff to see them through the busy summer season period because salaries are simply too low. According to CNN Portugal, the average salary in [...]

The European Commission has approved a State capital injection of €453.25 million for the Azores airline SATA. The cash for SATA Air Açores is to be used to finance a restructuring plan which [...]