News

TMG Automotive, a Portuguese textile company that makes car seat and interior upholstery, is investing €43 million on a factory in Bostic, North Carolina, US, creating 125 jobs. Headquartered in [...]

The Torel Palace Lisbon was voted the Best Boutique Hotel at the 20th edition of the Publituris Portugal, one of the most prestigious awards for the tourism sector in Portugal. The ceremony for [...]

The former boss of the UK’s Lloyds Bank, Sir Antonio Horta Osório says that any government surplus should be used to stimulate Portugal’s economy. The celebrity banker, in an interview with the [...]

A new IRS cut proposed by the Government will result in annual savings that could exceed €400 compared to the current tax brackets. Proposed reductions range from 0.4 percentage points (pp) to [...]

Uncertainty swirling around the new rules governing the entry of immigrants into Portugal and getting Portuguese nationality is causing concern among Golden Visa holders and investment funds. The [...]

In 2024, exports from Portugal to Germany increased by 17.9% to €9.76Bn despite the slowdown in the German economy. And with uncertainties in Europe and a continued trend to nearshore, that can [...]

House prices in Portugal across a basket of cities were 8% more expensive in June like-for-like on 2024. On average it now costs €2,898m2 to purchase a house in Portugal with prices rising across [...]

The Lisbon Metropolitan posted losses of €19.8 million in 2024, down €4.1 million on the €24 million loss it posted in 2023. Turnover stood at €132.3 million, a decrease of one million euros (or [...]

Spanish bank BBVA has decided to press ahead with its Public Acquisition Offer (PAO) in a hostile takeover bid for its rival Sabadell despite the Spanish government’s misgivings. The bank led by [...]

Portugal’s government has now received valuations for national airline TAP from EY and Finantia bank in preparation for the carrier’s sale according to Bloomberg. The Ministry of Finances [...]