Month: January 2024

By Fernando Caetano Posted 5 Janeiro, 2024 In Infrastructure, News, Sports and Leisure   The Portuguese State umbrella company that controls public sector companies is to put Estoril’s autodrome up for sale says online news source ECO. Parpública has wanted to sell the Estoril track for over a year and will now launch an international competitive tender to sell … Read more

By Fernando Caetano Posted 12 Janeiro, 2024 In Food retail and distribution, News The sales turnover of Portuguese supermarket giant Jerónimo Martins, which manages the Pingo Doce brand, soared 20.6% to a total of €30,606 million, despite a year of falling inflation and belt tightening by Portuguese families. The food distribution and retail group said that the strong performance … Read more

By Fernando Caetano Posted 5 Janeiro, 2024 In News, Tourism Portugal has closed 2023 with a record 77 million overnight stays and €25Bn in tourism revenues. Writes Expresso, growth in overnight stays was up 10% and revenues up 37% on 2019, with a particular emphasis in Portugal’s interior regions and off-season tourism. Portugal’s secretary of State for … Read more

By Fernando Caetano Posted 10 Janeiro, 2024 In Funds, Golden Visa, News The Portuguese government will retain its Golden Visa programme for qualifying investment funds. The scheme, which allow non-EU citizens to obtain residency rights and unlimited travel within the Schengen area, has totally discontinued the option of obtaining the Authorisation for Residency by Investment (ARI) through the … Read more

By Fernando CaetanoPosted 12 Janeiro, 2024 In EDP, Energy, Green energy, News The former president of EDP – Energias de Portugal, António Mexia, said this week that given the current energy crisis caused by the war in Ukraine, Portugal would have done well to postpone the decision to close down is coal-fired power station in Sines. It is an … Read more

By Fernando Caetano Posted 12 Janeiro, 2024 In Emigration, Labour, News According to the news source Expresso, Portugal has the highest emigration rate in Europe with 2.3 million Portuguese of working age living overseas. Citing data from the Emigration Observatory (Observatório da Emigração), some 850,000 young people aged between 15 and 39 are living overseas, corresponding to 30% … Read more