News

Portugal is the fifth largest coffee producer in Europe according to the EU’s statistical body Eurostat. Last year Italy was the biggest coffee producer with 556,500 tonnes or 25% of total [...]

The actress and entrepreneur Paris Hilton has bought a luxury house in Comporta according to the newspaper Correio da Manhã today. The property is within the 200 hectares luxury development Costa [...]

A new platform developed at UPTEC – the University of Porto Science and Technology Park – build.ing promises to make construction more efficient and sustainable. The startup was [...]

The Viceroy at Ombria Algarve, the first Viceroy hotel in the south of Europe, opened its doors for business on October 1. The hotel, from the US Viceroy Hotels & Resorts group, is part of [...]

Azul, the airline founded by David Neeleman, has threatened to tear up its partnership with TAP if it does not pay back a debt of €200 million because of a bond loan made in 2016. The partnership [...]

Holidaymakers from the United States and Canada helped hotels in Portugal set a new record for overnight stays in August. Portugal’s tourist accommodation sector saw 3.8 million guests and 10.5 [...]

Banks in Portugal say they have tens of millions of euros to finance innovative company projects up and down the country through the InvestEU credit line but can’t because the projects have [...]

The government has approved several changes to government savings bonds or Certificados de Aforro. The most significant change approved by the Council of Ministers on Thursday, was the extension [...]

The US ratings agency Fitch has raised the long-term rating of Portuguese insurer Fidelidade to ‘A’. In a note sent to newsrooms, it highlighted the insurer’s solid profile, robust [...]

Negotiations between the Resolution Fund and the US asset management company Lone Star have stalled over the future of Novobanco. The end of September was forecast as the time when negotiations [...]