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Five-hundred and ninety-six days have passed since Russia mounted its so-called ‘Special Military Operation’ against Ukraine which, as the whole world knows, was a full-scale invasion. The [...]

Portugal’s industrial index posted a like-for-like reduction in business turnover of 5.2% in August although it was a 2.6% recovery on July. According to data from the national statistics office [...]

Portugal has postponed the repayment of €641 million to 2027 and 2030. The Portuguese debt and treasury management agency IGCP undertook its third debt exchange operation this year on Tuesday. [...]

Delta has launched the first Portuguese coffee entirely produced in the Azores. It has been named ‘Impossible Coffee’ because “it is almost impossible to produce coffee in Europe but we have done [...]

State bank Caixa Geral de Depósitos has sold 111 properties in the Douro region of Portugal in an online auction for €1.5Bn The sale includes 73 countryside buildings and 38 urban properties that [...]

The US venture capital fund Lone Star says it is not in discussions with other banks to sell Novobanco. The reaction was made after a Spanish newspaper had reported that it is in informal [...]

Alianasce Sonae has sold its share in two more shopping centres in Brazil for €55 million after selling 20% of a shopping centre in São Paulo in September. It is part of an overall deleveraging [...]

More than a decade after the start of a nine month investigation into corruption fraud and money laundering involving Portugal’s electricity giant EDP, the defendants in the case are finally [...]

The International Monetary Fund (IMF) has forecast that Portugal’s GDP will grow 2.3% in 2023 and 1,5% in 2024. The IMF forecasts had been more optimistic, but decided to review them downwards in [...]

Portugal’s Finance Minister Fernando Medina handed the State Budget for 2024 to the Portuguese parliament yesterday with a raft of give-aways that are prudent but aim to help low income and [...]