The US equity fund Lone Star, which owns a controlling share in Portugal’s Novo Banco, has sold an Algarve marina and resort project to the British fund Arrow Capital. Lone Star has sold ‘Project [...]
The Portuguese government has announced a €6Bn plan to kick-start Portugal’s decimated tourism sector. The plan ‘Revitalise Tourism|Building the Future which aims to regenerate the tourism [...]
Portugal will enjoy a much better tourist season this year than last, but it will still be a far cry from the bumper holiday season of 2019. This is according to the Secretary of State for [...]
Non-essential travel to and from the United Kingdom has been given the green light, this time by the Portuguese government. From midnight on Monday travellers from the UK to Portugal will simply [...]
Holidu, a company operating in the holiday homes segment, has announced that it has secured €37 million in capital. At the last D Series investment round led by 83North with the participation of [...]
Just as Portugal expects to welcome thousands of UK and other visitors on holiday in the country, the staff working for the baggage handler that operates at its airports are facing delays to [...]
The pent up demand in the UK holiday market for flights to Portugal’s Algarve region is resulting in airline companies boosting their seats by tens of thousands and even hundreds of thousands in [...]
Portugal’s public ministry has given the green light for the sale of the Herdade do Vale Feitoso estate to Vestein for €20.7 million. The estate was bought in 2004 by the Espírito Santo Group [...]
The United Kingdom has placed Portugal on its green list enabling virtually restriction-free travel. The announcement was made by the British transport minister Grant Shapps on Friday that [...]
By the end of 2021 one in four eateries in Portugal will be technically bankrupt according to estimates from the Bank of Portugal. The BoP forecasts that 26% of companies in the restaurant and [...]
