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 [...]

EU finance ministers have agreed a €500bn rescue package for European countries stricken by the coronavirus pandemic. The chairman of the Eurogroup and Portuguese finance minister Mário Centeno, [...]

New doubts have been cast on the viability of Lisbon’s second international airport project on the city’s south bank of the River Tagus. The company responsible for managing Portugal’s airports [...]

Merlin Properties, one of the largest real estate funds on the Iberian peninsula, is to scale down the amount of dividends it will pay out to shareholders because of the Covid-19 crisis. At the [...]

The European Commission has given the green light to countries struggling as a result of the Covid-19 crisis to recapitalise their companies “as a last resort.” The new measure was suggested by [...]

Portugal’s 11 casinos have seen their gaming revenues plummet by 65% for March 2020 because of the social restrictions and economic uncertainty caused by Covid-19. Income for March stood at [...]