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Novobanco is to advance with the sale of its headquarters on Lisbon’s Avenida da Liberdade – the price tag? €100 million. The bank will abandon its prime location on Lisbon’s most expensive [...]

Portugal’s stalwart economist Teodora Cardoso has warned that the country is, like the rest of the world, facing stagflation in the short term but says price controls are not the answer. The [...]

Lisbon has been selected as the second-best city in the world for ‘five-star tourism’ behind Athens which came in first. According to Money.co.uk the ranking took into consideration reviews and [...]

Portugal’s new finance minister and ex-mayor of Lisbon, Fernando Medina, delivered the government’s State Budget for 2022 at the end of last week. The two new main takeaways are that because of [...]

Portugal’s State Budget for 2022 has a kitty of around €300 million to help entities linked to Portugal’s failed private banks Banif and the Banco Português de Negócios (BPN). In the budget [...]

The Portuguese energy company will join the electricity company EDP which will also increase its domestic charges from 1 May. From Friday, Galp applied higher monthly charges of up to €3 on [...]

The Swedish fintech Klarna has 100 client companies in Portugal which use its hire purchase application. In an interview with Jornal Económico, Alexandre Ribeiro who manages the company’s [...]

Portugal’s National Statistics Institute (INE) has confirmed this week that the inflation rate of 5.3% is the highest since 1994. The rate which referred to March was 1.1% higher than in February [...]

The president of the Portuguese Industrial Confederation (CIP), António Saraiva, says that an agreement on competitiveness and incomes is urgent and should be agreed by June. “In my view it is [...]

A Luso-Australian property developer has invested €10 million in a 10 five-bedroom house development in Paço de Arcos in Oeiras. Vista do Paço will be a luxury development from JPM Alliance with [...]