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        Companies

         Corticeira Amorim profits climb to €16.4 million despite fall in sales
        0
        By Christopher Graeme
        In Companies, Corticeira Amorim, News
        Posted 7 Maio, 2025

        Corticeira Amorim profits climb to €16.4 million despite fall in sales

        Portugal’s cork giant Corticeira Amorim posted profits of €16.4 million in 1Q of 2025, representing an increase of 2.1% in like-for-like terms on 2023. The company led by António Rios de Amorim [...]

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         AstraZeneca invests €600 million in new hub in Lisbon
        0
        By Christopher Graeme
        In Companies, FDI, News, Pharmaceuticals
        Posted 6 Maio, 2025

        AstraZeneca invests €600 million in new hub in Lisbon

        AstraZeneca, one of the largest pharmaceutical companies in the world with operations in Portugal since 1999, is to invest €600 million in a new competencies hub in Lisbon. The new hub, located [...]

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         Riopele profits up 15.7% to €5 million in 2024
        0
        By Christopher Graeme
        In Companies, Manufacturing, News, Textiles
        Posted 2 Maio, 2025

        Riopele profits up 15.7% to €5 million in 2024

        Profits posted by Portuguese textile company Riopele were up 15.7% to €5 million for 2024 compared to 2023 with consolidated sales increasing 1% to €98.5 million according to the news agency [...]

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         US company Equinix invests €50 million in new data centre in Portugal
        0
        By Christopher Graeme
        In Cable, Cloud Technology, Companies, Data centres, News
        Posted 2 Maio, 2025

        US company Equinix invests €50 million in new data centre in Portugal

        The US company Equinix, a digital infrastructure company enabling digital leaders to harness a platform to bring together and interconnect foundational infrastructures, has invested €50 million [...]

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         Sonae launches industrial investment company Prismore Capital
        0
        By Christopher Graeme
        In Companies, Investment, News, Sonae
        Posted 2 Maio, 2025

        Sonae launches industrial investment company Prismore Capital

        Portugal’s Sonae Capital Industrials has changed its name to Prismore Capital and has acquired two Spanish companies – Madrid-based Waste Plastic Iberia (WPI) and 33% of the capital of the [...]

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         Galp seeks credible partner in Namibia
        0
        By Christopher Graeme
        In Companies, Energy, Galp, News, Oil and Gas
        Posted 29 Abril, 2025

        Galp seeks credible partner in Namibia

        After having drilled five offshore oil wells in Namibia in little more than a year, Portugal’s energy giant Galp is seeking credible partners to explore natural oil depots in the Mopane basin in [...]

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         Portugal’s Feedzai to acquire Australia’s DemystData
        0
        By Christopher Graeme
        In Acquisitions, Companies, Cybersecurity, News, Unicorns
        Posted 23 Abril, 2025

        Portugal’s Feedzai to acquire Australia’s DemystData

        Feedzai, the Portuguese company that has developed an AI-native fraud and financial crime prevention platform, is to acquire the Australian company DemystData which has developed an external data [...]

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         Multinationals in Portugal pay salaries 61% higher than other companies
        0
        By Christopher Graeme
        In Companies, Multinationals, News, Salaries
        Posted 22 Abril, 2025

        Multinationals in Portugal pay salaries 61% higher than other companies

        Multinationals in Portugal pay salaries 61% higher than other companies with productivity 57% greater Productivity and average wages are higher in multinationals operating in Portugal compared to [...]

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         The Navigator Company calls Portugal’s forestry management “shocking”
        0
        By Christopher Graeme
        In Companies, Forestry management, News, Paper and Paper Pulp
        Posted 22 Abril, 2025

        The Navigator Company calls Portugal’s forestry management “shocking”

        Portugal’s largest paper and paper pulp producer, The Navigator Company, has called the lack of progress in restoring and managing Portugal’s forests “shocking” and compromises the sustainability [...]

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         Government cancels Moncorvo mining concession with UK’s Aethel Mining
        0
        By Christopher Graeme
        In Commodities, Companies, Mining, News
        Posted 7 Abril, 2025

        Government cancels Moncorvo mining concession with UK’s Aethel Mining

        Portugal’s government has ripped up an iron ore mining concession granted to the UK’s Aethel Mining for mines at Torre de Moncorvo near Braganza. It said it withdrew the concession over “failing [...]

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        Essential Business Magazine Cover Nº25 January - March 2025
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        • Why the changing economic winds in Germany could bring opportunities for Portugal
          Why the changing economic winds in Germany could bring opportunities for Portugal
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          House prices up 8% in June on same period last year
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          Lisbon Metro reduces debts to €19.8 million in 2024
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