Galp’s refinery to shut down for 50 days this year
The scheduled stoppage will be used to guarantee the replacement of equipment, taking into account its life cycle at the 47-year-old plant.
EU sees portuguese copper, lithium mining projects as key
The new Critical Raw Materials Act seeks to ensure that the extraction, processing and recycling of strategic raw materials meets 10%, 40% and 25% of EU demand respectively by 2030.
Portuguese patent applications hit record in 2024
"Portuguese companies and inventors filed 347 patent applications with the EPO in 2024, an increase of 4.8% on the previous year," revealed the Patent Index 2024.
Novobanco shareholders approve dividends of 224.6 million
The AGM also approved the payment of 60 per cent of each year's profit. The bank has a further 3.3 billion to return to shareholders over the next 3 years.
Garrigues advises banks on Novobanco IPO
The law firm Garrigues is providing legal advice to the banks selected for Novobanco’s initial public offering. The team is led by Marta Graça Rodrigues.
Expats want electronic voting for 2026 presidential election
This was one of the conclusions of the meeting of this regional body of the Council of Portuguese Communities (CCP), which met last week in Lisbon.
Start Campus to begin 2nd phase of data centre by end-June
The second phase of the more than eight billion euro project will start in the second quarter. The company told ECO that it ‘continues to drive the emergence of a new AI hub’.
EDP wants to cut up to 7% of its workforce in Portugal
After losing 3.8% of its workforce in the domestic market in 2024, the company has invited more than 100 workers to leave through agreed terminations and around 300 through early retirements.
House prices rose 9.1% in 2024
According to Statistics Portugal (INE), the house price index rose by 9.1% in 2024, 0.9 percentage points more than in 2023, with existing homes rising by 9.7% and new homes by 7.5%.
Lisbon hotels almost completely full for Easter
"Hotels are practically full. What little is left will be filled with last minute bookings, but expectations will be the same as last year: almost 100%”, said the Lisbon Regional Tourism Authority.
Mota-Engil signs deal to build DRCongo deep-water port
According to market sources consulted by ECO, the contract is likely to be valued at around 250 million dollars (around 230 million euros).
JYSK opens its first technology hub in Portugal
The brand specialising in rest, furniture and decoration will open a technology centre in Lisbon and expects to hire between 10 and 15 workers by the end of the summer.
Portuguese economy to grow 2.3% in 2025 – central bank
According to the March Economic Bulletin, released on Thursday, the central bank predicts that the Portuguese economy will grow by 2.3% this year, slowing to 2.1% and 1.7% in 2026 and 2027.
Sonae posts 223 million euros in profit in 2024
Sonae's chief executive officer (CEO), Cláudia Azevedo, described 2024 as ‘a memorable year’ for the company, in which "all businesses performed exceptionally well in a highly competitive context".
President dissolves parliament, sets elections for 18 May
"The president signed the decree dissolving parliament and calling legislative elections for 18 May," reads a note published on the presidential website at 8.40pm on Wednesday evening.
Benfica wants to increase revenues to 500 million in 5 years
Benfica has presented an ambitious strategic plan to grow to 500 million in consolidated revenue over the next five years, by strengthening commercial revenues and controlling operating costs.
Brisa owns 100% of Via Verde after buying Ascendi stake
Brisa Group bought the 25% stake in the portuguese toll charing company from Ascendi, owned by the French fund Ardian.
Financial companies can offer mortgages with state guarante
Until now, only credit institutions could grant housing loans to young people with a state guarantee.
Mello Group invests 15 million in wine logistics centre
Winestone's new premises in Vendas Novas will start operating at the beginning of next year. The aim is to support the strategic growth plan of the company led by Pedro Pereira Gonçalves.
Portugal to attract over 12 billion euros for data centres
Association that represents data centres in Portugal forecasts more than 12 billion in investment in the country in the next five years. But the political crisis could have a negative impact.
Menzies formalises collective layoffs at former Groundforce
British group formalizes collective dismissal process at former Groundforce, to achieve a cut of 300 workers. Innovates market conditions and the company's financial imbalance.
Douro concerned about Trump’s threatened 200% tariff on wine
The US market is among the five main export markets for wines produced in the Douro region in terms of quantity and value.
President calls for “dignified debate” in electoral campaign
Portugal's president has called for "a dignified and elevated debate" in the campaign for the upcoming snap legislative election in order to strengthen democracy.
Government support “important” for investment in Autoeuropa
The CEO of the German multinational thanked "the support of the Portuguese government", which "provided the best conditions to attract this new project to the country".