Briefs

Insurance The Generali Group, which owns the insurers Tranquilidade, Açoreana and Logo, is in advanced negotiations to buy a 10% share in Portugal’s Banco CTT and, at the same time, to sign a [...]

Mortgage demand expected to fall 20-25% Restrictions on mortgages will create more difficulties for Portuguese families who will continue to seek homes outside large cities with poverty [...]

EDPR sees profits soar 87% EDP’s subsidiary renewables arm EDPR (EDP Renováveis) saw profits soar 87% to €265 million in the first half of the year. This compares to profits of €142 million [...]

COMPANIES Create IT growth up 30% As it celebrates its 20th anniversary, Create IT has posted growth results of over 30% The Portuguese company (team pictured) which is focused on multi-platform [...]

Spanish venture capital investors K Fund have made their debut in Portugal with a €140 million fund for technology startups. K Fund, which is one of the biggest VCs on the Iberian peninsula, will [...]