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 [...]
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 [...]
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 [...]
VIC Properties is to invest up to €500 million in the purchase and renovation of Herdade do Pinheirinho. The estate covers a 200 hectare parcel of land will include hotels, detached villas, [...]
How is the crisis affecting the residential real estate market and will recovery be rapid when the crisis ends? José Araújo Head of Property Sales, Millennium bcp The current crisis caused by the [...]
Portugal’s Real hotels group has been bought by a Portuguese entrepreneur for €300 million. The former COO of Yahoo and current independent board director of bank Santander, entrepreneur Henrique [...]
The José de Mello Group and Arcus have sold an 81.1% share in Portuguese motorways concessionaire company Brisa. The buyers are a consortium of funds comprising Dutch, Swiss and South Korean [...]
Vulture funds are waiting for opportunities in the real estate, tourism and catering market in the wake of an expected major recession affecting Portugal along with the rest of Europe. These [...]
The owner of Douro Azul, Mário Ferreira is to buy a 30.22% stake in the media giant Media Capital which owns TV station TVI and a clutch of radio stations. The announcement was made by Media [...]
