Profits at the Portuguese paper and paper paste company Altri tumbled 34.3% to €19.6 million and revenues fell 9.9% to €224.7 million for the first quarter of 2023. The company which is led by [...]

The Portuguese Government hopes to start the ball rolling for the sale of national airline TAP before the end of the summer. The Council of Ministers have given a mandate to Parpública – [...]

A law introduced by the Portuguese Government to eliminate VAT on a typical shopping basket of essential goods comes into force tomorrow. (Tuesday, April 18) The law, confirmed in the Portuguese [...]

The British School Lisbon (BSL) was recognised by the British Embassy in Lisbon as one of the companies that has most invested in Portugal. The school received the UK-Portugal Business Award due [...]

The extraordinary surcharge on Portugal’s property tax AIMI ( Additional Municipal Property Tax) brought municipal councils in around €144 million in 2021. The tax covered the greatest number of [...]

Portugal’s electricity regulator ERSE has fine the Spanish multinational electric utility company Endesa, which has a considerable presence in Portugal, €180,000 for 92 infractions. The ERSE had [...]

Analysts at bank BPI says that despite the Portuguese housing market showing a high level of resilience, there may be a housing market price correction of 1.5% in 2023. For 2022 overall, BPI [...]

Lisbon City Council’s Municipal Budget 2023 will see revenues of €1.305Bn, but expenditure of the same magnitude. The budget document also foresees €455 million in investment in a series of [...]

The Elegant Group, owned and managed by Roman and Chitra Stern, have sold the Martinhal Cascais hotel to focus on diversifying their existing product offer and new businesses in Portugal. The [...]

EDPR sees profits soar 87% EDP’s subsidiary renewables arm EDPR (EDP Renováveis) saw profits soar 87% to €265 million in the first half of the year. This compares to profits of €142 million [...]