The real estate developer Corporgest has invested €6.2 million in a new development in the heart of Lisbon’s Chiado district. It involves the refurbishment of an 18th century building at Rua [...]
Exports from Portugal to Angola plummeted 22% in the first quarter of 2020 from €287 million from January to March 2019 to €224 million in Q1 of 2020. According to data from the National [...]
Novo Banco has received a cash injection of just over €1Bn from the Resolution Fund to support the bank’s cash-flow while the Portuguese State and US fund Lone Star decide what to do with the [...]
Portugal’s Finance Minister said on Thursday that he does not know exactly how much cash TAP will require to keep in the air. In an interview with RTP when asked if TAP would need a €500 million [...]
Portugal’s Government has injected the equivalent of 11.8% of GDP into the economy to keep struggling companies alive. Apart from monthly budget expenditure because of the pandemic, the State is [...]
The social effects of the Covid-19 pandemic are starting to bite in Portugal with more and more people being forced to seek help from the food bank charity Banco Alimentar. The President of the [...]
The Algarve is being viewed as a ‘Covid-safe’ destination at a time when the number of people looking to book summer holidays is surging, despite all the uncertainty related to the pandemic. It [...]
Portuguese average incomes have fallen 5.3% despite the Government credit lines to support families. This is the conclusion of a Bank of Portugal report into the impact of the novel coronavirus [...]
Despite a Government pledge to get lines of finance to support Portuguese companies struggling to survive the Covid-19 crisis, only 3% of those which applied have obtained the emergency funds. [...]
Portugal’s cork industry is worth €1.064Bn a year in exports with 95% sold to 130 countries around the world, 72% of that going to European countries. But how far has the industry been affected [...]
