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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 [...]

The Portuguese government has declared the José Berardo Foundation “wound up” and has given it 10 working days to hand over all documents and inventories. The “extinction” of the foundation [...]

The president of the Confederation of Portuguese Business (CIP) has slammed the government’s call to increase salaries-to-GDP from 45% to 48% over the next four years. The magic number of 48% is [...]

Portugal paid 45% more for Russian imports in March 2022 – mostly fuels — compared to the same period in 2019. The main reason was an increase in prices, but the figures from Portugal’s [...]

Since being founded in 2016, Tatara Razors, inspired by the precision and sharpness of ancient Japanese Samurai warrior swords, has gone from strength to strength.  Text: Chris Graeme Photos: [...]

The Portuguese energy regulator ERSE (Energy Services Regulating Entity) presented provisional natural gas charges and tariffs for the regulated market for the period 1 October 2022 and 30 [...]

The president of Novobanco, António Ramalho, has announced to the bank’s supervisory board of directors that he will step down in August but will remain on as a consultant. The news was broken by [...]

Portugal’s historic villages are increasingly in demand from tourists as is the accommodation to host them, with buoyant bookings for this summer. According to Dalila Dias, the coordinator of a [...]