Investment in commercial property reaches €2.6 billion

ECO News,

The amount invested in office, shopping centre, data centre and warehouse properties will rise by around 13% compared to 2024. CBRE anticipates that working in person will further boost the market.



Airport queues are “an embarrassment” for the government

Lusa,

The Secretary of State for Infrastructure pointed out that the root of the problem is clear and is related to "the lack of" police agents. The challenge is to have the situation resolved by June.


“Nothing stopping” new airport from opening earlier – Govt.

Lusa,

"The 2037 deadline is the sole responsibility of José Luís Arnaut [chairman of ANA]. Our timeline is 2034-2035. We are having this discussion”, said the Secretary of State for Infrastructure.



Interview AWS prepares investment in new service centre in Portugal

ECO News,

André Rodrigues, head of technology for Southern Europe at Amazon Web Services, says that the technology company is interested in investing in the sovereign cloud that the Govt. wants to implement.


António Mota. The engineer who became an entrepreneur

ECO News,

The ‘boss of Mota’, as he was known, died last Sunday. He was the leader and president of Portugal's largest construction group between 1995 and 2023.


Italy’s MFE to acquire 32.9% stake in Impresa

ECO News,

Italy's MFE are the new shareholders of the group that owns SIC and Expresso. They are entering with a minority stake through a capital increase, thereby avoiding a takeover bid.


Half of customer service cases to be handled by AI by 2027

Lusa,

According a global study, which includes Portuguese professionals, AI "rose slightly in the list of priorities for service sector leaders in Portugal," from 8th to 6th place in the last year.


US Embassy issues warning on waiting times at Lisbon airport

ECO News,

‘Humberto Delgado Airport in Lisbon is currently experiencing longer than usual waiting times, especially during peak hours,’ according to the alert published on Tuesday.


Atlantic Connect Group offers €17M for 85% of Azores Airline

Lusa,

According to a source from the consortium speaking to the Lusa news agency, the bid submitted on Monday proposes the purchase of 850,000 shares in the Azorean airline, for €20 per share.


Brussels warns housing crisis creates ‘new challenges’

Lusa,

According to Brussels, last year the proportion of the population with excessive housing costs in Portugal was 6.9%, still below the EU average of 8.2%, but one of the largest increases in the EU.


Chinese invest €16.86 million in packaging factory

ECO News,

The project aims to set up an SHP Group production unit to manufacture high-end cosmetics packaging and will receive €2.86 million in support from Compete.


Bernstein sees IAG Group as favourite in TAP privatisation

ECO News,

US-based Bernstein Research believes that the IAG group is best positioned to win the reprivatisation of TAP and praises the Portuguese airline.


EDPR signs agreement to build solar project in Wisconsin

ECO News,

"This agreement is further evidence of EDPR's strategic positioning in the US as a major player in the renewable energy sector", the company said.


TAP was the only major airline to increase profits in Q3

ECO News,

The Portuguese carrier's third-quarter results look good compared to its competitors who want to buy it. The weakness is the deterioration in operating profit.


Summer brings TAP’s profits to €55.2 million by September

ECO News,

Net income come in 34% below that achieved in 2024. An increase in passengers during the summer and strong growth in the maintenance business helped the financial results in the third quarter.


Mota-Engil posts record profits of €92 million by September

ECO News,

The construction company's profits increased by 20% in the first nine months of this year compared to the same period in 2024. EBITDA rose by 15% year-on-year.


Air France-KLM takes first formal step for TAP privatisation

ECO News,

The Franco-Dutch group is the first to announce that it has submitted its manifestation of interest to Parpública to participate in the reprivatisation process of the Portuguese airline.


Azevedo family sells solar energy portfolio to a UK fund

ECO News,

Capwatt, a company based in Maia (Porto) and owned by Prismore Capital (formerly Sonae Capital Industrials), has sold 68 megawatts in Portugal and Spain to a fund managed by the British company SDCL.


Unions threaten strikes at airports over Christmas

ECO News,

Menzies' largest union will consider strike action at the end of December to protest against the uncertainty surrounding the future of workers created by the handling tender.


Ex-Portir expands in Spain to reach €80 million in revenue

ECO News,

The Leça da Palmeira-based company, acquired in 2023 by a group of investors led by Nuno Fonseca, will be renamed Movit and open offices in Barcelona, Valencia, and Vigo over the next three years.


EC predicts 0.3% deficit in Portuguese economy in 2026

ECO News,

The European Commission predicts a return to deficits in 2026, while the Government expects a surplus of 0.1%. However, the EU executive validates the economic growth forecasts.