News

The department store retailer El Corte Inglés in Portugal netted a record turnover of €622 million for the tax year 2024-2025,, up 3.9% on the like-for-like period, with profits increasing by 33% [...]

A tax cut that will benefit tax payers in the 7th and 8th tax brackets, earning between €3,500 and €7,000 gross per month, and will provide a double benefit, should be introduced in September. [...]

The US ratings agencies say that if the acquisition of Novobanco by French group BPCE is successfully completed, then it will likely increase the bank’s rating. In a note sent to the securities [...]

Spain’s government has finally released the exact cause of a total power cut that brought Portugal and Spain to a standstill on April 28. Spanish investigators on Tuesday released a report [...]

The Bank of Portugal has announced that its governor Mário Centeno will be replaced “soon” with a new governor appointed without a public competition. If Mário Centeno doesn’t go for a second [...]

In Lisbon, the month of June brings hotter temperatures, the jubilant festivities of Santos Populares and a community-wide buzz that is impossible to ignore. But this year, there’s another [...]

The first quarter of 2025 saw a robust start to Portugal’s commercial real estate market with the retail sector and shopping centres providing the main driver for investment. Between January and [...]

Portugal’s Banco Comercial Português (BPC) has issued €500 million in preferential senior securities (Minimum Requirement for own funds and Eligible Liabilities). The bank, recognised by [...]

Sonae’s Bright Pixel Capital, which has made around 60 investments in start-ups to date, has participated in a US$7.2 million investment round in the US technology start-up FlowFuse – a [...]

The total privatisation of Portuguese State-owned airline TAP now looks unlikely to go ahead anytime soon because the two main opposition parties in Portugal’s parliament are against the State [...]