An average shopping basket of essential goods that the government has exempted from VAT has shot up to €130 in just one week according to price watchdog Deco. According to Deco, a consumer [...]

The shares of Portuguese food distribution group Jerónimo Martins, which holds supermarkets such as Pingo Doce in Portugal and Biedronka in Poland, have been changing hands for record amounts [...]

The President of PortugalFoods, Amândio Santos has admitted that Portugal’s food industry, has no choice but to increase prices if it is to remain viable. But he says all players in the food [...]

The Portuguese multi-sectoral, multinational group Sonae has posted an increase in its profits for 2022 of 28%. The company which operates Sonae Sierra shopping malls across Portugal and Europe [...]

Food retailer Jerónimo Martins and multinational and multi-sector company Sonae are among the 500 largest family owned companies in the world. They were the only Portuguese companies to make the [...]

The retail chain Lídl has announced in a communiqué that it will invest €200 million in Portugal this year. The German company also said it was fully committed to Portugal where since 2017 it has [...]