News

A Russian-born Kazakhstani entrepreneur says he is interested in acquiring a small Portuguese bank to increase his company’s portfolio profile in Europe. Timur Turlov, 36, the CEO of Freedom [...]

The boss of a Portuguese renewable energy association says pledges by the previous government to hold an auction to sell offshore wind farm exploration rights by June are “unrealistic”. Pedro [...]

The Council of Ministers of Portugal’s new centre-right coalition government says it is “true and undeniable” that it will fulfil its election pledge to shave €1.5Bn off IRS taxes compared to [...]

A Portuguese construction association boss says the country needs 45,000 new build houses to solve Portugal’s chronic affordable housing shortage. The President of the Association of Civil [...]

Portugal’s new Minister for Housing, Miguel Pinto Luz, says he is “completely calm” after police searches at Cascais Town Hall where he had been deputy mayor. Pinto Luz said had been in public [...]

Balbec Capital LP purchased a Non-Performing Loan portfolio from LX Partners at the end of March with a value of €4.2Bn, of which €4Bn are unsecured loans and €200 million refers to secured loans [...]

Two leading Portuguese and UK railway trade bodies have signed a Memorandum of Understanding at the British Ambassador’s Residence, in Lisbon, Portugal that will lead to greater co-operation and [...]

Portugal’s wine promotion organisation ViniPortugal has been carrying out a roadshow in the United States to drum up business and awareness of Portuguese wines. The US market grew 9.4% in the [...]

Portugal’s central bank, the Bank of Portugal, posted an operational loss of €1.0Bn in 2023 and is likely to suffer loses this year and will only break-even by 2025. The losses at the bank led by [...]

Portugal’s new Aliança Democrática (AD) government has promised to bulldoze through nine election pledge measures “immediately” including lowering IRS tax, on housing, education and European [...]