Anne Taylor 
The CEO of Sonae, a Portuguese multi-sector multi-national company which operates one of the country’s largest supermarket groups Continente, has hit back as a tide of public resentment grows over the cost of an average weekly supermarket shop. Cláudia Azevedo sent out a round-robin letter to staff at the group countering widespread claims that the … Read more
An avalanche of confusion has been created by the Government’s decision to “freeze” all Golden Visa applications filed after February 16 – the day it announced a controversial Housing Package. The race to get in Golden Visa applications had already begun when the Government had announced the end of the programme at Web Summit in … Read more
The association that represents Portugal’s estate agencies and brokers has warned that rents will likely go up despite the Government’ s Housing Package aimed at providing more housing at affordable rents. Paulo Caiado, the president of APEMIP says that there is “speculation with surprisingly high rental charges”, particularly in large cities like Lisbon and Porto, because of … Read more
Portugal’s largest cork producer, Corticeira Amorim posted profits of €98.4 million euros, a growth of 31.6% on the previous year. However, the profits were negatively impacted by a €11.4 tax contingency. In a communiqué to the Portuguese Stock Market Commission CMVM, the company led by António Rios Amorim revealed that sales turnover last year stood … Read more
Portugal’s new Housing Package unveiled on Thursday last week was bound not to please anyone. And thus it has proved to be; labelled as “an attack on private property” which showed Portugal was still haunted by its communist 1970’s past. The APPII (Portuguese Association of Property Developers and Investors) has dubbed the government’s leasehold proposal … Read more
It’s official. Portugal’s successful Golden Visa programme, which has netted the government over €6Bn since 2012, is to end in a bid to put a stop to property speculation which the government and critics say is partly responsible for driving up house prices in parts of Portugal. The government confirmed its decision on Thursday afternoon … Read more
A study by NetCredit has revealed that the French, British, Spanish and Germans would have to save less of their average salaries to buy a property in Lisbon than the Portuguese to acquire a house in the centre of their capital cities. The study showed that Lisbon was now the third least affordable capital city … Read more
Portugal’s Minster for the Economy has sacked Rita Marques, the Secretary of State for Tourism. Rita Marques has been dismissed over support she showed on social networks to statements made by for former Minister for the Economy Siza Vieira which flied in the face of fiscal policies pursued by the current Minister for the Economy, … Read more
Azores Airlines has already exceeded more than a million passengers in 2022 – a new record for the airline. The moment was marked by a surprise celebration at the check-in balcony for flight S4 172 departing from Ponta Delgada with destination Porto on November 29. A giant boarding pass made for the occasion and a … Read more
