News

The headquarters of the bankrupt Portuguese construction firm Soares da Costa in Vila Nova da Gaia (Porto) has only managed to achieve a maximum bid of €4.5 million in a second auction, well [...]

Portugal achieved a new record in the number of tourists and tourism-related revenues in 2023, but the number of overnight stays fell. According to the business daily Negócios, a reduction in the [...]

The President of Portugal’s accountants association, Paula Franco, has asked the new centre-right government to fully restore Portugal’s successful and controversial Golden Visa programme. [...]

The Lisbon-based special purpose investment vehicle GVK Omega created by the fund KKR to acquire Greenvolt and take it off the stock market, has instructed Mediobanca to buy shares in the [...]

The President of Portugal’s banking association, Vítor Bento, has warned that the government’s modest 1.2% of GDP (€3.193Bn in 2023) should not be a reason to give a breather for more government [...]

Vale do Lobo, the company that owns and manages the prestigious gated residential golf community in the Algarve’s golden triangle, is preparing new real estate projects and infrastructures to [...]

The sports retail chain Decathlon closed 2023 with profits of €931 million, an increase of 0.8% on the €923 million posted for 2022. The sports articles retailer enjoyed a business turnover of [...]

MC, a Sonae company, sold 22 Dr. Wells clinics to Lusíadas Saúde for €4.68 million according to the group led by Cláudia Azevedo in its annual report for 2023. According to the company’s [...]

Norges Bank, which runs Norway’s sovereign fund, informed the Portuguese energy giant EDP that it had “reduced its capital share” in the electricity and renewables company to 4.9% along with [...]

The Bank of Portugal is to give the green light for the sale of the Banco Atlântico Europa to the Well Link group headquartered in Hong Kong. In anticipation for the sale, which was previously [...]