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 [...]
Portuguese banks lent €952 million for mortgages in March bringing the total for home loans for the first quarter of 2020 to €2.84Bn. It was the quarter with the highest amount of credit lent by [...]
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% [...]
One of Portugal’s largest food retailers, Jerónimo Martins which owns supermarket chain Pingo Doce, has seen 14% wiped off its share value on the Lisbon Stock Market. It was the largest fall [...]
Portugal’s finance minister Mário Centeno stirred up a hornets’ nest this week after stating in parliament that the Resolution Fund created to bail out Novo Banco was the “most disastrous fund” [...]
Stephan Morais, of Venture Capital firm Indico Capital Partners, says the current crisis and looming recession will test budding entrepreneurs and sort the wheat out from the chaff. However, [...]
The Algarve residential market will gradually recover from the Covid-19 crisis with the region expected to remain as popular as ever. However, technology and client-centric products and services [...]
The majority of Portugal’s companies (59%) say the Covid-19 crisis is having a significant impact on their operations. And 43% say they have put all plans for recruitment on ice while 19% say [...]
The French developer Nexity has a strategic development plan for Portugal which includes three residential real estate projects aimed at Portugal’s middle class. The projects located at Dafundo [...]
The Government has appointed the ex-president of Águas de Portugal to negotiate a State financial rescue package for airline TAP. If the airline doesn’t get several hundred thousand euros by 20 [...]
