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BPI bank registered profits of €365 million for 2022, an increase of 19% on 2021. The bank announced it would pay out dividends of €284 million (almost €100 million more than in 2021) to its [...]

Portugal’s banking sector has not been in such a healthy position in recent history as it is now. Its transformation ratio or loan-to-deposit ratio is at its lowest level since March 1998 and is [...]

The banning of property sales to foreigners that don’t reside in Portugal for tax purposes would “wreck” Portugal’s economy according to the CEO of estate agency Porta da Frente. Rafael Ascenso [...]

The average price of houses in Portugal saw a like-for-like growth of 13.5% in Q3 of 2022, settling at €1,492/m2. Nevertheless, it was a slowdown on Q2 of 17.8% according to the National [...]

The CEO of Portugal’s national airline TAP, Christine Ourmières-Widener was to receive a bonus of between €2.1 million €3 million under the terms of her contract if she successfully restructured [...]

Swiss Post, a part of the Swiss State IT Group, is to open a hub in Lisbon with 50 technology professionals with plans to employ 150 in the medium term. The postal service Swiss Post is one of [...]

The Portuguese government has confirmed that it has transferred the pension fund of public bank Caixa Geral de Depósitos to Caixa Geral de Aposentações for €3Bn. The decision enshrined in a [...]

The Portuguese construction company Martifer will be involved in a project to link London to the north of England in a €68 million contract. The company will supply and construct railway tunnels [...]

The real estate developer VIC Properties has decided to withdraw from the sale of what could have been one of the biggest property deals in Portugal in 2023. It has withdrawn both the Prata [...]

The mayors of Porto and Lisbon have slammed Portugal’s state-owned airline as a “total embarrassment and disaster” in the fiercest criticism lain at the door of the airline’s administration ever. [...]