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The CEO of telecommunications company Altice Portugal, Ana Figueiredo has carried out an executive clean sweep, removing both its financial and technological directors. The decision has been made [...]

The fund CoRe Capital, a venture capital company, has sold the Marinha Grande based mechanical engineering company Electrofer to Mealogalva, According to ECO, Mealogalva, the company that [...]

The Portuguese State will have to fork out €1Bn more to pay interest to service its national debt, in particular because of its spend on the civil service. But part of the reason is the European [...]

Portugal was responsible for 11.3% of Chinese company Fosun’s revenues in the first half of 2023. Yet the conglomerate’s financial problems has seen it sell off a clutch of non-core ‘heavy’ [...]

Portugal’s economic growth stalled by the end of the second quarter with less than expected tourism figures for the summer months. A spurt in tourism in the first quarter had given an unexpected [...]

Portugal’s tax authorities had a good result to July this year with a budgetary surplus of 8.9%. Finanças registered a “good performance” to July, with +11.6% (Social Security contributions) and [...]

Portugal’s largest car plant is to begin a nine week stoppage from September 11 to November 12 because of a shortage of car parts in Slovenia. It will lay manufacturing staff off for the period [...]

Rents in Portugal are projected to increase by 7% because of inflation which has gone up to 3.7% (+0.6%) and an update on rents which for housing reflected 6.94% in August. It means that if [...]

A former Portuguese finance minister and ex-head of the county’s stock market regulator, CMVM, has warned that an “adjustment in property prices” in Portugal is “inevitable” and hopes it won’t be [...]

Portuguese airline TAP posted a net profit of €22.9 million in the first half of this year, representing an improvement of 111% or €224 million in relation to the months of January to June 2023 [...]