Espírito Santo Group will “dissolve” another asset
The company from the Espírito Santo Group (GES) that runs dams in Brazil will be dissolved. The process will be managed by Deloitte.
S&P: Housing prices in Portugal will increase another 8.5%
The rating agency foresees housing prices in Portugal to increase 8.1% this year, anticipating a decrease in the growth rhythm to 7% in 2019 and 6% in 2020.
Unemployment rate decreased to 8.9% in 2017
2017 was a year of recovery in the Portuguese labor market. This Wednesday, INE revealed that the unemployment rate fell to 8.9%, the lowest amount since 2008.
How can you set up your startup in Portugal?
Are you an entrepreneur seeking to join Portugal's growing startup community? Startup Lisboa and some of its partners explain why and how you could do so.
Sonae Sierra gets five new malls in Algeria and Turkey
Sonae Sierra is increasing its services provider portfolio. In one go, the company got five new spaces under the management and commercialization in Algeria and Turkey.
Jorge Barrero on labor 4.0
The COTEC Europa Summit will discuss, on Wednesday, the subject of labor market 4.0. The general manager of COTEC Spain, Jorge Barrero, believes "technology is a toolbox at the service of mankind".
APB says foreigners are on the hunt for credit in Portugal
Increase in housing credit in Portugal is mainly justified by foreigners' search for loans, according to Faria de Oliveira, president of the Portuguese Banking Association (APB).
Selling stake in Partex might give Gulbenkian 500 million
The sale of Gulbenkian's stake in the petrol Partex migh give 500 million euros to the Foundation. The deal will only move forward if António Costa Silva continues leading Partex.
Portugal ends 2017 with a 242.6 billion public debt
Portugal's debt in 2017 was 1.6 billion euros higher than in the previous year: it stood at 242.6 billion euros.
Farfetch invests in the Middle East, preparing for the IPO
The joint-venture with one of the Middle East luxury distributors accelerates the rumors of an IPO this year. Farfetch is also preparing to open a new office in Dubai.
Sport Zone and JD Sprinter merger creates Iberian giant
The merger operation announced in September of 2017 was concluded after the approval of the European Commission Competition.
“Cryptocurrencies will be ordinary ways of investing”
According to CMVM's leader, digital coins will be something ordinary in the future. But she warns against the dangers of abuse, lack of transparency, fraud and flaws in supervision for investors.
Cisco is glad Portugal finally showcases its potential
Sofia Tenreiro, head of Cisco Portugal, reacted to the news that she will have a new neighbor in Oeiras: Google. "We are glad to see other companies doing what we have been doing for ten years".
Unemployment retrieved to 8.1% in November
The unemployment rate decreased again in November, to 8.1%, according to INE. For December, provisional data point to a new decrease, to 7.8%.
Chinese investment in golden visas surpasses 2,000 million
Since the programme was enforced, over two billion euros were invested by the Chinese in golden visas. In 2017, there was a 37% plunge in that investment, in comparison to 2016.
Government opens the door to very long term debt issuance
The secretary of State assistant, Ricardo Mourinho Félix, discloses that Portugal may soon seek financing through a bond issuance maturing in 20 or 30 years.
Sonae Sierra sells two malls in the Algarve to a Square fund
The Portuguese retailer sold Albufeira Shopping and the Continente Mall in Portimão to a fund managed by Square AM. In the meanwhile, it will continue being in charge with both their management.
Technological companies are moving to Portugal. Why?
Google is the next technological giant to get to Portugal. Amazon might be under way. Companies like Uber, Zalando or Huawei are already in the country. Why are they choosing Portugal?
Fidelidade hopes to raise over 400 million from real estate
Three international funds and one from Portugal are interested in the 277 real estate being sold by Fidelidade. The insurance company hopes to raise over 400 million euros with the operation.
Amazon is negotiating its entry in Portugal
Amazon might enter the Portuguese market in the first quarter, according to the Portuguese newspaper Jornal de Negócios. It should be negotiating a space in Oporto.
Cut in the deficit was three times larger than in 2016
The Portuguese PM, António Costa, had already announced the budgetary deficit of 2017 would be better than the goal set by the Government. The Finance ministry reaffirms the compliance with the goals.
Google in Oeiras: a technological hub or a call center?
The Government announced an investment from Google in Portugal, of a services center and a technological hub. But Mike Butcher, a technology journalist, assures it will be "just a call center".
Bankinter: “Portugal is an example for other countries”
Bankinter's CEO, Maria Dolores Dancausa, commends all of Portugal's efforts in surpassing a "difficult" crisis, considering the country is "an example" for all others.
Each golden visa corresponds to three arrivals in Portugal
The number of golden visas decreased in 2017, but entries stemming from them increased. More foreigners who invest in Portugal are bringing their family members to live in the country.