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Property prices in Portugal, driven by demand, are set to continue to soar according to the ‘Portugal’s Property Hotspots Report 2023-2025’ from the Property Market Index. The reason? Demand and [...]

This is possibly the last post Essential Business will write about Portugal’s ARI scheme (Residency through Investment), generally called the Golden Visa. The programme was officially terminated [...]

The US venture capital and asset management fund Lone Star has put a €2Bn price tag for the sale of its 75% share in Novobanco. According to the Spanish media outlet Vozpópuli, the bank has [...]

Eurostat, the statistical office of the European Union (EU), may try and remove the independence from Portugal’s development bank Banco de Fomento (BPF). The bank, which has had a leading role in [...]

The car manufacturer MG is to strengthen its commitments in the Portuguese market as part of its expansion plan on five continents. With a modern and European spirit, MG aims to shakeup the [...]

A partner from a leading international tax consultancy has called Portugal’s tax policy little more than an earnings “grab” and has heaped scorn on the government’s decision to end the NHR tax [...]

In what Portugal’s Prime Minister António Costa called the highest increase in Portugal’s budgetary history, the government will raise the minimum wage to €820 from January. The move adds an [...]

The tour and travel operator TUI, one of the largest in the world, has expanded to Portugal with a Digital Hub. It comes as the CEO of the TUI Group, Sebastian Ebel said in an interview with the [...]

The President of Mota-Engil, Carlos Mota dos Santos has invested a further €60,000 in 121,000 shares, corresponding to 0.04% of its capital share. The multi-national construction firm stated in a [...]

Investment banks instructed by the telecommunication giant Altice International to study solutions to reduce the company’s multi-billion-euro debt, have sent a teaser to private equity funds with [...]