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Portugal’s budget surplus grew almost three-fold on what had been announced in August to €7.2Bn to September. In August the budget surplus had been calculated at €2.6Bn according to the Finance [...]

Portugal’s BEL Group closed the third quarter of 2023 with a sales turnover of €400 million and net profits of €6.8 million. In a communiqué, the group led by Marco Galinha, which recently [...]

Portugal’s former Minister of Infrastructure and Housing, Pedro Nuno Santos stood up in parliament on Monday and told the Prime Minister António Costa that the bottom line for the privatisation [...]

The umbrella company that controls Portugal’s public companies, Parpública, is to inject a further €150 million in the recently privatised electrical and transportation systems company Efacec. [...]

Portugal’s economy is showing signs of cooling after GDP shrank 0.2% in the third quarter of the year to 1.9%. The country’s Minister of Finances, Fernando Medina said that the GDP figures made [...]

Gil Azevedo, the Executive Director of Startup lisboa and Lisbon’s Unicorn Factory was the guest speaker and judge for a ‘rumble’ where four promising startups had to fight it out for top prizes [...]

United Airlines has announced the launch of the first direct air link between Faro and New York/Newark (USA) on May 24, 2024, reports the Portugal Resident. “The new flight will make it easy for [...]

The CEO of Caixabank in Portugal (BPI) has refuted news that appeared in the Spanish news source Vozpópuli, quoting financial sector sources, that the Spanish bank Caixabank is negotiating to buy [...]

Portugal’s bank BPI posted profits of €390 million to September – an increase of 35% like-for-like on 2022. (€289 million) The bank’s national activities contributed with €324 million, up [...]

Portugal’s largest increase in the national minimum wage, rising from €760 to €820 per month will cost companies an extra €1,000 per employee per annum. It will also mean an additional €60 on [...]