Essential Opinions: Portugal’s foreign relocators – a sign of positive growth and change

By Posted 22 Abril, 2024  In News, Opinion, Personality, Property, Real Estate, Relocating The influx of professional and wealthy foreigners to Portugal has many benefits that are being overlooked in the country’s housing crisis debate, says Anne Brightman, CEO of Brightman Group. February 16, 2023 was a day I will never forget. It was on the eve of a series of seminars that my … Read more

Digital bank Revolut nets 1.3 million clients in Portugal

By Posted 19 Abril, 2024  In Banks, News, Online banks British Fintech Revolut, which has just set up an office in Portugal, is close to netting 1,300,000 clients in the country with a target to increase this figure to 1.5 million. This is according to Revolut Portugal’s Managing Director, Rúben Germano who said that this did not include company … Read more

Portugal’s surplus 1.2% of GDP in 2023 with debt down to 99.1% of GDP

By Posted 25 Março, 2024 In Debt to GDP, News, Public administration, Public debt, Public deficit and Budget deficit The government net surplus achieved by the outgoing minister of Finance, Fernando Medina in 2023 was 1.2% of GDP according to the National Statistics Institute. (INE) Portugal’s public debt has fallen to 99.1% of GDP while its public administration enjoyed a … Read more

Parpública to sell Estoril racing track

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

Jerónimo Martins sales skyrocketed 20.6% in 2023

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

Portugal’s tourism revenues hit €25Bn in 2023

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

Golden Visa to remain for investment funds

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