The Banco Espírito Santo led by Ricardo Salgado was an outstanding example of cronyism. It supported many clients for personal and political reasons, rather than because their projects were [...]

A major anti-corruption drive was one of the main policy goals at the start of João Lourenço’s presidential term (2017). Beyond the anti-corruption rhetoric since the drive began, the [...]

More than 30% of property investment companies intend to buy up hotels according to a study from Cushman & Wakefield. The findings published in the report ‘Hotel Investor Beat’ show that [...]

Significant structural reforms Portugal made when its economy was supervised by the troika, debt reduction in 2019, and a likelihood of using EU ‘bazooka’ funds to green up and digitalise the [...]

The Canadian group Mercan in partnership with Referência Arrojada (RA Group) is to invest €21 million on a new hotel in the historic town of Évora. The Hilton Garden Inn Évora will have 130 rooms [...]

The residential sector for the elderly has enjoyed considerable growth over the past five years. According to the Senior Living Report by the real estate consultancy Savills, as average life [...]

The Navigator Company has inaugurated the group’s largest solar panel centre at its industrial complex at Figueira da Foz. According to senior management figures at the paper and pulp production [...]

Pasogal, the majority shareholder in the Portuguese airports baggage handler Groundforce, said yesterday that it was open to “consider a capital raise” in SPdH, reserved for shareholders after an [...]

Insurer Real Vida saw 17% growth in 2019 compared to 2018 although its branch Vida which represents 98% of its business, fell 14% in Portugal. With a distribution based on insurance [...]

The Covid-19 crisis has hit Portugal’s tourism industry hard, not least for the Martinhal luxury family hotels Elegant Group owned by Chitra and Roman Stern, but Chitra tells Essential Business [...]