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 [...]
Home sales in both Lisbon and the Algarve remained above the national average but fell by 2.1% and 0.9% respectively for March. According to the National Statistics Institute (INE), around six [...]
The insurance company Fidelidade has purchased €1.4 million worth of BCP perpetual bonds. The bank communicated the information to the market about Fidelidade’s acquisition of its perpetual long [...]
The tourism and tourism-related property development sectors in Portugal have been hard hit by the Covid-19 crisis, but there is room for cautious optimism providing the government opens up the [...]
Portugal’s public debt soared to just over 120% of GDP in March. In the first month of the pandemic, the weight of public debt on the economy once again increased (putting pay to the downward [...]
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 [...]
Bridge In, a Portuguese startup which attracts technology companies to Portugal, has won a pre-seed €100,000 venture investment from a British investors. Bridge In is a platform that offers [...]
