Anne Taylor

Inflation in Portugal is putting the squeeze on household budgets as it hits the highest level since 1993. According to Portugal’s national statistics institute (INE), inflation climbed to 7.2% in April and 8% in May. “The underlying inflation indicator (total index excluding non-processed food and energy products) registered a variation of 5.6% (5.0% on April), … Read more

When Carlos Moedas won Lisbon City Hall in the municipal elections in September 2021 by a tight margin he faced a politically hostile group of councillors in which his PSD party was in the minority. The new mayor, who had been Portugal’s EU Commissioner for Research, Innovation and Science between 2014-2019, realised he would be … Read more

Developer Jeffrey E. Levine is an extraordinarily successful entrepreneur in New York, one of the most difficult and competitive real estate markets in the world. He started with nothing and built an empire. Text: Chris Graeme Images: ACL Jeffrey Levine was one of the most creative, dynamic and innovative real estate developers in the State … Read more

The CEO of Novobanco has informed staff that they should be prepared for the bank to be offered for sale through an Initial Public Offer. (IPO) Mark Bourke said his mission was now to prepare the bank to be sold on the stock market through an IPO. The main shareholder in the bank is the … Read more

In October the American cloud-based big data technology hub Reltio was the latest international company to choose Lisbon as its springboard for European expansion. Chris Graeme speaks to Anshuman (“Ansh”) Kanwar, Senior Vice-President of Technology. Reltio is one of those cutting-edge, cloud-based companies that is changing the way vast amounts of company customer-based data collected … Read more

Parliament approved the amendments proposed for Law 23/2007, (commonly known as the Law on Foreign Nationals) due to intense work in all Government areas. The Minister in the Cabinet of the Prime Minister and for Parliamentary Affairs, Ana Catarina Mendes, underlined that “Portugal is a country for immigration. Every year, we receive thousands of immigrants, seeking opportunities … Read more

Last month saw the Portugal Golden Visa program deliver its highest-grossing performance in two years, June figures released by the SEF today reveal. 155 main applicants and 204 of their family members collectively invested some EUR 78 million during the month, the highest such figures recorded since the heady days of spring 2020. Halfway through … Read more

The Portuguese government is to propose giving selective tax sweeteners to companies which up staff salaries. The move would link in with measures contemplated in the Wages and Competitiveness Agreement which is backed by unions. The proposed measure was discussed at a meeting with social partners on Wednesday. Taking on board the “commitment to improve … Read more

58% of tourism employees seek to quit sector in less than five years Portugal’s tourism sector is facing yet another challenge when it comes to its workforce. While the sector’s struggles to hire workers have been widely reported, a new study has found that most employees working in the tourism sector in Portugal are planning to leave the sector … Read more