News

After sustaining losses of €72.2 million in Q1 of 2024, Portugal’s national carrier TAP Air Portugal closed the first half of 2024 with a modest profit of €400,000, but still down 98.3% on 2023 [...]

Spain, Holland and Luxembourg are the main sources of foreign direct investment in Portugal according to data released by the Bank of Portugal. However, in the case of the latter two, both [...]

Portugal’s largest private asset manager, IMGA, has secured a record €4.5Bn in assists, spread over 32 investment funds who products are sold by the country’s banks. IM Gestão de Ativos (IMGA) [...]

Portuguese families have never had so much money in deposit accounts – €189Bn in June this year. Deposits increased by €2.3Bn in June, up 7.2% like-for-like on the previous month and the [...]

Once problematic European banks, like Portugal’s Novobanco that suffered during the great financial crisis 10 years ago, are now in a prime position for IPOs and sell-offs according to the [...]

Topbrands, a company that supplies toys, childcare products, and outdoor living equipment and accessories to retailers, is to invest €6 million in new premises in Montijo creating 50 new jobs. [...]

WindCredible, a Portuguese startup, is to begin a pilot phase for its self-consumption wind turbines from this September reports business daily ECO. The company, founded by Filipe Reina [...]

A key shareholder in the failed Portuguese paper distribution company Inapa, Nova Expresso has suggested that the former management of State-owned company Parpública is to blame for the company’s [...]

This week, Portugal’s Minister of the Economy, Pedro Reis is to hold round-table talks on topics such as energy, trade and industry with key ministers in Qatar. The trip to drum up investment [...]

In a bid to boost tourism and desertification, Portugal’s Alentejo region is to set up hubs in a bid to attract digital nomads to the area. The hope is to breathe new life into the region’s small [...]