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        News

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        By Christopher Graeme
        In Infrastructure, News, TGV, Transport
        Posted 21 Outubro, 2024

        Spanish construction firms on track to compete in second High-Speed Rail Link competition

        After the tender for the first Public-Private Partnership (PPP) of the Porto – Lisbon High-Speed line ended with only one bid, the Portuguese government and Portuguese construction companies [...]

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        0
        By Christopher Graeme
        In Competitiveness, News, Tax
        Posted 21 Outubro, 2024

        Portugal has the fourth worst tax system in the OECD

        Portugal is in 35th place out of the 38 OECD countries in the Tax Competitiveness Index for 2024, according to the Tax Foundation’s assessment, released in Portugal by the Mais Liberdade [...]

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        0
        By Christopher Graeme
        In Automotive, Manufacturing, News
        Posted 21 Outubro, 2024

        Stellantis car plant in Mangulade to up production by 50%

        Multinational car manufacturer Stellantis is to up production at its plant in Mangulade from 12 vehicles to 18 vehicles per hour. To do this, it will create a fourth daily shift and install a [...]

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        0
        By Christopher Graeme
        In Banks, BES GES, Justice, News
        Posted 17 Outubro, 2024

        Bank was “completely insolvent” by over €7Bn admits former BESI boss

        José Maria Ricciardi, Ricardo Salgado’s cousin and former president of Banco Espírito Santo Investment (BESI), told judges at a Lisbon court yesterday that by December 2013 BESI was [...]

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        0
        By Christopher Graeme
        In Bank of Portugal, Commercial Real Estate, Development, News
        Posted 17 Outubro, 2024

        Bank of Portugal to build new HQ at Entrecampos in Lisbon

        Portugal’s central bank, the Bank of Portugal, is in discussions with the insurance company Fidelidade over the building of its new headquarters on plots of land once occupied by the city’s [...]

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        0
        By Christopher Graeme
        In Events, Franchising, News
        Posted 17 Outubro, 2024

        Over 50 brands at 27th edition of Expofranchise

        Over 50 brands including Century 21, Auchan, Meu Super, Portugália, Nata Lisboa, Fireaway Pizza, Doutor Finances, Melom, and Seventh Brunch were present with stands at the 27th edition of [...]

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        0
        By Christopher Graeme
        In News, Property, Property Tax, Real Estate, Youth Tax
        Posted 17 Outubro, 2024

        Property tax exemptions for young people drive mortgage demand in Portugal

        There has been an increased demand for mortgages from young people aged 35 and under following the government’s decision to exempt this age group from paying property taxes. According to a [...]

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        0
        By Christopher Graeme
        In Banks, BES GES, News, Resolution Fund
        Posted 17 Outubro, 2024

        Resolution Fund and Novobanco broker agreement to end relationship

        The Resolution Fund and Novobanco have now reached a “principle of understanding” for the early termination of the Contingent Capital Agreement (CCA), paving the way for the bank’s sale or [...]

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        0
        By Christopher Graeme
        In Economy, Golf, News, Tourism
        Posted 17 Outubro, 2024

        Golf worth €4.2Bn to Portugal’s economy and €120 million of GDP

        The economic impact of golf in Portugal from 2019-2023 amounted to €4.2Bn, about 1.6% of national GDP in 2023. The sport directly contributed €120 million to the nation’s GDP. Most of the value [...]

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        0
        By Christopher Graeme
        In Development, Luxury property, News, Property
        Posted 16 Outubro, 2024

        Former British Hospital building welcomes first home owners after refurbishment

        The former British Hospital building known as the Hospital dos Ingleses, which has been refurbished and turned into luxury apartments, has received its first home owners. The old 18th century [...]

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