News

Portugal was the Eurozone country with the lowest deficit in the first quarter, with only five states registering a budget surplus, according to data published this Monday by Eurostat. Data from [...]

CaixaBI, the investment arm of Portuguese public bank Caixa Geral de Depósitos (CGD) was voted the best investment bank in Portugal by Euromoney – the international magazine for the [...]

Portugal’s insurance companies made around €1Bn more on polices sold in the first half of the year compared to the same period last year. And insurance associations predict that 2024 will be the [...]

Portuguese oil and gas giant Galp posted a profit of €624 million in the first half of 2024, up 23% on its net RCA (Replacement Cost Adjusted) result in H1, 2023. Production, however, fell in the [...]

Portuguese paper distribution company Inapa, which ran out of money last week after a €12 million cashflow problem at its German subsidiary, has declared insolvency. According to ECO online news [...]

An interesting reflection on the reasons behind the rise of the far right and populist political parties in Europe was delivered to the members of the International Club of Portugal (ICPT) by [...]

Bankinter has posted net profits of €473.5 million for the first half of the year, an increase of 13.3%. The Spanish group’s EBITDA was €715.4 million, an increase of 14.4% of which the bank’s [...]

Porto-based fund 33N Ventures has led investment rounds in cybersecurity startups Exein and StrikeReady with US$15 million and US$12 million respectively. The investment from the VC led by Carlos [...]

Investment funds managed by Strategic Value Partners (SVP), as well as other minority investors, have agreed to sell the motorways concessionaire Autoestradas do Douro Litoral (AEDL) to funds [...]

Telecoms operator Nos closed the first half of the year with a net profit of €148.6 million, a figure that compares to the €80.5 million posted like-for-like in 2023 (+84.6%). The bumper result [...]