News

Over the past four years, since Martim de Botton took the helm at the LACS network of co-working spaces, he has revolutionised the company into much more than mere office spaces; he has created a [...]

Kronos Homes, a developer operating in Spain and Portugal, is to invest €150 million in a real estate project with a significant part earmarked for homes and tourist apartments to rent, in [...]

The Canadian ratings agency Morningstar DBRS has increased the long term rating on Banco Montepio’s non-guaranteed senior bonds to BBB (low), taking them from ‘junk’ status to investment grade. [...]

The rate of rent increases for accommodation paid by tenants has again slowed for the fifth month running according to data released by the National Statistics Institute (INE) this week. Rents [...]

An internal reconnection of electricity lines to the national grid by Spanish network company REE likely caused the ‘zero point’ high voltage problems that left Portugal and Spain powerless on [...]

The French banking group BPCE is said to be in the lead to buy Novobanco if the offer is accepted by the US majority shareholder Lone Star that holds 75% of the bank. Although the Spanish bank [...]

Real estate investment company Castellana Properties, which entered the Portuguese market last year, more than quadrupled its profits for the 2025 tax year from €22.4 million to €90.8 million. [...]

Rumours were swirling in Lisbon last week that Novobanco had likely been sold to the French banking group BPCE, but the news was finally confirmed on Friday. An agreement was reached between the [...]

Last week Portugal’s Recovery and Resilience Plan (RRP) paid out beneficiaries €81 million and approved applications for funds for 355 candidates according to the latest monitoring report. To [...]

In a rush to beat the introduction of “reciprocal” tariffs imposed by the White House, US orders from Portugal offset an overall drop in exports in the first quarter of this year. [...]