News

Movers and shakers in Portugal’s financial sector are said to be satisfied with the sale of Novobanco to France’s BPCE Group, considering it “good for the other banks” since it will reduce the [...]

The government’s plan to reduce IRS by €500 million this year will give a double bonus on salaries between €3,500 and €7,000 gross per month. This would be in the case of a single childless [...]

The US hotel group Marriott International has marked its expansion in Portugal with the opening of Delta Hotels by Marriott Açores – the group’s first hotel on the Azores archipelago in [...]

ANA – Aeroportos de Portugal, which manages Portugal’s airports, says that it foresees the “first meetings” with entities responsible for the third River Tagus bridge crossing, the TGV and [...]

The President of Portugal’s industrial confederation (CIP) says that Portugal should convert some of its factories to manufacturing armaments as the NATO countries gear up to hike defence [...]

France’s BPCE group, which has signed a Memorandum of Understanding to purchase Portugal’s Novobanco, has agreed to pay almost 1.7 times of the book value, meaning 70% above the average that [...]

The newly re-elected Democratic Alliance (AD) government headed by Luís Montenegro is to shave €500 million off income tax this year while slashing IRC taxes gradually from 21% (20% in Madeira) [...]

Portugal’s high street bank BCP has spent €110 million on a share buyback programme, acquiring 182,927,697 shares worth 1.21% of its capital. In a note sent to the Portuguese securities market [...]

Over the past four years, since Martim de Botton took the helm at the LACS network of co-working spaces, he has revolutionised the company into much more than mere office spaces; he has created a [...]

Kronos Homes, a developer operating in Spain and Portugal, is to invest €150 million in a real estate project with a significant part earmarked for homes and tourist apartments to rent, in [...]