Portugal rounds off 2024 with 30 million tourists

By Christopher Graeme  Posted 30 Dezembro, 2024 In Hotel, News, Tourism, Travel Twenty twenty-four was as bumper year for Portugal’s tourism industry with a record 30 million tourists. According to the National Statistics Institute (INE), Portugal registered 2,981.2 thousand guests and 7,569.42 thousand overnight stays to October in total tourist accommodation in 2024, generating €27Bn in revenue. The share of overnight stays from … Read more

Porto elected best European city for investment attraction in Europe

By Christopher Graeme  Posted 19 February, 2025  In Economic ecosystems , Economy , FDI , Investment , News Porto has once again done well in Financial Times rankings, this time as the Best European City for Foreign Direct Investment Attraction. It is the fourth year in which the city has been placed among the European cities of the future. Rui Moreira, the president of Porto City Council said … Read more

Orders from the US to Portugal skyrocket 1,600% in 4Q, 2024

By Christopher Graeme  Posted 19 Fevereiro, 2025 In Commerce, Companies, Exports, External trade, News, Tarrifs The dispatch of products with export documents or as a result of manufacturing work ordered in Portugal for re-export to the US have skyrocketed since the reelection of Donald Trump. According to the National Statistics Institute (INE), in the last quarter of 2024 these types of commercial exchanges increased … Read more

Sonae leads €5 million investment in US startup Keychain

By Christopher Graeme Posted 14 Fevereiro, 2025  In News, Sonae, Start-Up, Venture Capital Bright Pixel, the venture capital investment arm of the Sonae Group led by Cláudia Azevedo, spearheaded the latest round of financing for Keychain, the platform that connects retailers with AI-based producers, which “is transforming the consumer packaged goods industry.” After last year leading investment rounds of US $30 million … Read more

Grândola Town Council blocks illegal project from shoe king Louboutin

By  Posted 24 January, 2025  In Construction , Construction project management , Development , HNWIs , Hospitality , Hotel , News A French celebrity fashion designer who has devoted his career to designing elegant ladies’ shoes, has found his latest development rejected by a local Alentejo council. Christian Louboutin is currently trying to get planning permission to build an 80m2 brick and masonry residence on the roadside at Praia da Vigia, … Read more

United Lisbon International School: Transforming Education for a Global Future

By  Posted 24 Janeiro, 2025 In International schools, News, ULIS In its fifth year of operation, United Lisbon International School (ULIS) is revolutionising education for its students with a forward-thinking curriculum designed to inspire curiosity, foster independence, and prepare students for success in the modern world. According to the school’s Executive Director Martin Harris, there have been improvements made to its Middle School … Read more

Galp in the spotlight for possible acquisition by US giant Chevron

By  Posted 10 Janeiro, 2025 In Galp, Mergers and Acquisitions, News At a time when Portuguese oil and gas company Galp has seen four CEOs come and go since principal shareholder Paula Amorim joined the board of directors, and with business growing in Namibia and Brazil, Galp could be the target of a potential investor or even buyer according to … Read more

U.S. Ambassador to Portugal Randi Levine announces resignation, highlights accomplishments

LISBON – U.S. Ambassador to Portugal Randi Charno Levine has announced she will be resigning on Jan. 19, 2025 – the day before Donald Trump will be sworn in as the 47th President of the United States. Nominated by President Joe Biden, Levine has served in this role since April 2022. “Serving as Ambassador has been one of the greatest … Read more

Azinor Group buys real estate mega project from SIL Group

By  Posted 8 Janeiro, 2025 In Development, News, Real Estate, Real Estate Investments Grupo Azinor, owner of the Sana hotel chain, has reached an agreement with Grupo SIL to acquire the Porto Cruz real estate mega-project, located in Cruz Quebrada near Lisbon, Jornal Económico reports, citing a source linked to the project. The Enterprise Value (including debt) of the deal stands … Read more

Trump chooses new Ambassador to Portugal

By TPN/Lusa, in News, Portugal, Politics, North America · It is a great honor for me to announce that John Arrigo will be the next United States Ambassador to Portugal,” said Trump on his social network Truth Social. “John is a highly successful entrepreneur in the automotive industry and a champion golfer,” the former president stated. “For over thirty years, … Read more