Insurer Real Vida saw 17% growth in 2019 compared to 2018 although its branch Vida which represents 98% of its business, fell 14% in Portugal. With a distribution based on insurance [...]

DefinedCrowd, founded by Portuguese entrepreneur Daniela Braga, has just succeeded in netting €46.2 million of Series B investment in what is the largest round achieved in the US by an AI [...]

A new Government-owned national development bank is to be created by merging IFD (Instituição Financeira de Desenvolvimento) and PME Investment into SPGM. It will mean the creation of a new bank [...]

The Belgian fintech company Loyaltek is looking for a country manager after announcing its decision to enter the Portuguese market. The company has a product offer which aims to relaunch [...]

The Portuguese Minister of Infrastructure warned this week that while the Government does not want to “let TAP collapse” it cannot rule out the possibility of the airline going bankrupt. The [...]

Portugal’s BCP bank saw profits tumble by 77% in the first quarter of 2020 to register a net profit of €35 million. The bank explained the fall on the pandemic which shut down the economy in [...]

Portugal’s energy giant EDP is to sell to sell two power station groups in Castejón, Navarra in Spain for €515 million. The combined cycle plants which produce 843 MW of power is to be bought by [...]

The world-famous Portuguese fine glass and china producer Vista Alegre posted accumulated losses of €800,000 in the first quarter of 2020. The losses, caused by the Covid-19 pandemic which forced [...]

Clients of bank Santander Totta have applied for grace periods on loans worth €9Bn. In all they represent 82,000 families and companies adding up to 25% of all the bank’s personal clients and 40% [...]

Two international hotel groups have signed non-disclosure agreements to study the feasibility of developing hotels at a luxury tourist community project at Comporta in Portugal’s Alentejo region. [...]