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Portugal’s Mutual Guarantee System has posted losses of €207 million according to the financial report for 2020 published by its development bank Banco Português de Fomento. However, the [...]

Construction costs have spiralled 14.3 % making the cost of building new housing increasingly more expensive. Costs have gone up for steels, ceramic products, diesel, woods and wood derivatives [...]

Ibersol has informed the Portuguese stock market commission CMVM that it has received a binding offer to acquire its Burger King restaurants which it has rejected under the current terms. “After [...]

The president of the Confederation of Portuguese Business (CIP) has slammed the government’s call to increase salaries-to-GDP from 45% to 48% over the next four years. The magic number of 48% is [...]

A study conducted by the Francisco Manuel dos Santos Foundation has found that Small and Medium Enterprises (SME) have reduced their dependancy on bank financing over the past decade. It also [...]

Portugal’s electricity imports hit a new record in May with 4,402 GWh on the previous record of 4,203 GWh in May 2008, according to power grid operator REN. Hydroelectric power production for the [...]

The Portuguese Ministry of Agriculture says it will double the national production of cereals from 18% to 38% to offset dependence on supplies from Ukraine and Russia. The minster Maria do Céu [...]

Text: Chris Graeme Photo: Joaquim Morgado Portuguese justice is in a shambles and needs a major efficiency overhaul as well as a publicity makeover to improve its standing in the eyes of the [...]

The British are famous for five national characteristics: patience, stoicism (the classic stiff upper lip), diplomacy (no one can say ‘get lost!’ quite so sweetly as the British), common sense, [...]

The Portuguese cities of Aveiro, Braga and Viseu are enjoying growing demand from house hunters which is driving up prices. The three district capitals Aveiro (+3.3%), Braga (+4.3%) and Viseu [...]