News

Portugal comes in at 18th position in terms of the latest EU countries purchasing power ranking — 17% below the EU average. Luxembourg topped the list with the highest purchasing power, 140% [...]

Statistics from the Century 21 group of estate agencies have confirmed that only 5% of properties on the Lisbon housing market and 11% in Porto are affordable for the middle classes. This is [...]

TAP posted a record net profit of €177.3 million — the highest profit ever registered by the company. Profits were up €111.7 million on 2022 when the company posted €65.6 million; its first [...]

The Irish-Portuguese Business Network (IPBN) held its 5th edition of its Annual St Patrick’s Day Sustainability Conference at the Chamber of Commerce & Industry of Portugal (CCIP) in Lisbon [...]

For the first time since 2019, the Moving to Portugal Show & Seminars is returning to Dublin, with the support of the Ireland Portugal Business Network (IPBN). Taking place at the Herbert [...]

The government net surplus achieved by the outgoing minister of Finance, Fernando Medina in 2023 was 1.2% of GDP according to the National Statistics Institute. (INE) Portugal’s public debt has [...]

The Portuguese transport and electrical systems company EFACEC is to close down business areas that are not profitable and consider mass redundancies. The company was sold by the government in [...]

Portugal’s Democratic Alliance (AD), which won the general election a week ago on Sunday, says it does not oppose the transfer of several government departments and ministries to the premises [...]

Portugal’s Public Ministry has revoked a licence awarded by the Portuguese Environmental Agency (APA) for the construction of the largest solar park in Europe in the country’s Alentejo region. [...]

New build properties €500,000 minimum in Lisbon as property market slows “Buyers outside the European Union (EU) are inflating house prices who pay an average €405,000 compared to EU overseas [...]