Economy

Portugal had made the Top 20 list of world footwear manufacturers for 2019 according to the World Footwear Yearbook 2020. It returned to the Top 20 list of largest producers worldwide in 20th [...]

Formula 1 racing is to return to Portugal after an absence of 24 years. By Michael Bruxo – Algarve Resident  The announcement was made last week by Portimão Mayor Isilda Gomes who said that [...]

The ratings agency DBRS says Portugal is more robust and better prepared to meet the challenges of the current economic crisis caused by the Covid-19 pandemic. DBRS, which stresses that the [...]

Property consultants Worx fear that the office take-up market in Portugal’s capital will be down as much as 30% this year, closing 2020 with take-up of just 130,000 m2. The forecast was made in [...]

The Portuguese pharmaceutical group Raul Vieira says it has an optimistic plan to double sales in 2021. In an interview with the Lusa news agency, its CEO Maria de Macedo admits that 2020 has [...]

The Portuguese startup Talkdesk, founded by Cristina Fonseca and Tiago Paiva, has netted €123.4 million in Series C venture capital investment, bringing the total value of the company to €3Bn. [...]

Quarantine-free travel between England and Portugal has been rejected as Portugal fails to make the UK’s list of Covid-19 safe countries to which to travel.   The bad news broken this [...]

Some studies by prestigious economic consultants have lately issued some reports on the Angolan economy that only report negative numbers and projections, without taking into account either the [...]

After a marathon four-day meeting, European Council leaders have finally agreed to a European funding package to kick-start Europe’s economy shattered by nearly five months of the Coronavirus [...]

Car production in Portugal has recovered to 80% of pre-Covid levels by this month despite having been down by 36.2% for the first half of 2020. Some 22,943 heavy and light vehicles were [...]