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     Court orders TAP to pay €50M to pilots
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    By Fernando Caetano
    In News, TAP, Unions
    Posted 12 Agosto, 2022

    Court orders TAP to pay €50M to pilots

    Portugal’s supreme court has ordered the country’s national airline TAP to shell out €50 million in compensation to its pilots. The court said that it agreed with the pilots union [...]

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     The Altis Group – The essence of Portuguese hospitality
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    By Fernando Caetano
    In In Focus, News, Tourism
    Posted 12 Agosto, 2022

    The Altis Group – The essence of Portuguese hos...

    The Altis Hotels Group, with its flagship Altis Grand Hotel in Lisbon, has represented comfort, quality and hospitality since 1973 when it was founded by entrepreneur Fernando Martins. Still a [...]

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     Caixa to close 23 branches
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    By Fernando Caetano
    In Banks, News
    Posted 12 Agosto, 2022

    Caixa to close 23 branches

    Portugal’s Caixa Geral de Depósitos (CGD) is preparing to close 23 branches in August. The news did not come from the bank, but rather from a union that represents public bank employees, STEC. [...]

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     Portugal in favour of gas pipe to Germany
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    By Fernando Caetano
    In News, Oil and Gas
    Posted 12 Agosto, 2022

    Portugal in favour of gas pipe to Germany

    Germany can “count 100% on Portugal for the construction of a gas pipeline, whether natural gas or green hydrogen”. This is according to Portuguese Prime Minister, António Costa who made his [...]

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     Housing demand increases 7.5% in Lisbon in Q1
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    By Fernando Caetano
    In News, Property
    Posted 12 Agosto, 2022

    Housing demand increases 7.5% in Lisbon in Q1

    Demand for houses rose 7.5% in Lisbon and fell 5.6% in Porto in the first quarter of 2022. Nevertheless, both regions continue to be the most sought after by home hunters with Lisbon leading at [...]

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     Media Capital posts €40.8M profits
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    By Fernando Caetano
    In Companies, Media, News
    Posted 12 Agosto, 2022

    Media Capital posts €40.8M profits

    Media Capital, the Portuguese group which includes TVI and CNN Portugal has slashed its debts to €16 million and has posted a net profit of €40.8 million. The group closed the first half with a [...]

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     Goldenergy and Endesa make inroads on EDP
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    By Fernando Caetano
    In EDP, Energy, News
    Posted 12 Agosto, 2022

    Goldenergy and Endesa make inroads on EDP

    EDP lost more retail consumer clients in 2021 to other suppliers than any other supplier in 2021. Two companies in Portugal in particular picked up these lost clients: Goldenergy and Endesa that [...]

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     Car components sector enjoys best June in 15 years
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    By Fernando Caetano
    In Automotive, News
    Posted 10 Agosto, 2022

    Car components sector enjoys best June in 15 years

    Exports of car components totalled €836 million in June, a like-for-like increase of 14.5%. However, the first half of 2022 suffered a 1.8% fall compared to the same period in 2021. According to [...]

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     Mergers and Acquisitions down 24%
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    By Fernando Caetano
    In Mergers and Acquisitions, News
    Posted 10 Agosto, 2022

    Mergers and Acquisitions down 24%

    Mergers and acquisitions in Portugal for the first six months of the year involving Portuguese companies tumbled 24% to 249 like-for-like on 2021. The value of these mergers and acquisitions fell [...]

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     Sonae invests €112M in Afresh fresh foods management startup
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    By Fernando Caetano
    In Companies, News, Start-Up
    Posted 10 Agosto, 2022

    Sonae invests €112M in Afresh fresh foods manag...

    Bright Pixel Capital, the technology investment company that belongs to Portuguese multinational Sonae, announced this week that it had participated in a Series B financing round led by Spark [...]

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