The Government’s sale of Novo Banco, created from the ashes of failed bank Banco Espírito Santo in 2015, was one of the factors which helped Portugal shake off its “junk” status with the ratings [...]

Revenues from tourism reached accumulated €11.1Bn to August this year, a 12.2% rise on the same period in 2017. By August revenues from tourism corresponding to exports under the headings “Travel [...]

Portugal’s postal company CTT is to invest €40 million in modernising its postal and logistics operations. The modernisation will take place over the next two years according to the weekend [...]

The Portuguese government’s investment priorities for 2019 will be centred around a second airport for Lisbon and a new 2020 Rail Plan. The investment plan laid out in the State Budget for 2019 [...]

There are less millionaires in Portugal according to the Credit Suisse’s Global Wealth Report. Of the 99,000 millionaires registered in 2017 there are 94 million in 2018, although the amount of [...]

The Pestana Group is to invest €3 million in a new historic hotel or pousada in Vila Real de Santo António in the Algarve. The hotel will have 57 rooms, a restaurant and events room with [...]

The impact and importance of national and international brands on the growth and sustainability of the Portuguese economy will be the main theme at the first ESSENTIA LIVE #1 International [...]

The population of Lisbon has plummeted 15% in five years according to a study from Lisbon City Council. The same study states that two-third of property deed holders are renting out at least two [...]

Portugal’s State Budget for 2019 has slapped higher taxes on sugary drinks and tobacco. Non-alcoholic beverages with a high sugar content like Coca-Cola are to face higher tax penalties while [...]

State-owned bank Caixa Geral de Depósitos (CGD) is to pay €741 million in dividends to the Portuguese State in 2019. The amount is up €326 million on 2018 which was the first year in which the [...]