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Bookings for Portugal’s hotels and guest houses is almost back to the record levels seen in 2019 with the Algarve leading the top of the reservations table. “The forecasts that we have for this [...]

The Bank of Portugal is said to be running out of patience for a new chairman to take the helm at Portugal’s new development bank Banco de Fomento. A year ago the Government tried to find a [...]

A Portuguese court has ordered that €83 million syphoned from Angola’s State oil company Sonangol into a company owned by Isabel dos Santos, should be returned. The money had been seized from a [...]

Bank of Portugal gold reserves increased 4.3% in value in 2021 on 2020 to a total of €19.8Bn — almost 10% of national GDP. It meant that the increase in value of national gold reserves were able [...]

The Portuguese State takes 28% of employees’s pay on average after taxes and social security contributions. In other words the average worker takes home 72% of gross salary according to the [...]

The Navigator Company which produces premium quality paper has seen its profits increase 115% to €50.6 million. The result was achieved by selling less paper and paper paste but at prices that [...]

The ‘bad’ bank that remains of Banco Espírito Santo which collapsed in 2014 is making headway on reducing some of its losses. They are now half of what they were when the bank began its winding [...]

The President of the Portuguese Association of Renewable Energies (APREN), Pedro Amaral Jorge said energy transition is essential for Portugal’s energy security and independence. Speaking on 18 [...]

A study involving 56 large cities has put Lisbon on the same level as some of the largest capitals in the world like Rome and London, and overtaking Paris and Seul, in terms of the cost of [...]

To many the real estate market may remarkably look as robust as it did in the pre-pandemic years. However, according to PricewaterhouseCoopers (PwC) it is not. Some markets and sectors may have [...]