News

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

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

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

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

By  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 non-residents … Read more

By Posted 17 Outubro, 2024 In News, Property, Property Tax, Real Estate, Youth Tax There has been an increased demand for mortgages from young people aged 35 and under following the government’s decision to exempt this age group from paying property taxes. According to a quarterly report from the online estate agency portal Idealista, young people in Portugal now represent 49.2% of … Read more

By  Posted 8 Janeiro, 2025 In Companies, Company boards, Ethics, Galp, News The CEO of Portuguese oil and gas energy group Galp has resigned the company stated on Tuesday. Filipe Silva stood down following a company investigation into an anonymous complaint about an alleged “personal relationship” between him and a company manager. According to Portuguese media and Reuters, the Chair of Galp, … Read more

By Essential Business   Posted 8 Novembro, 2024   In Banks, Financial results, News Portugal’s banks raked in €3.6Bn in the first three quarters of 2024. Profits from State-owned bank Caixa Geral de Depósitos (CGD) (€1.2Bn) catapulted the results of the country’s five largest banks to another good year of results. Overall, the bank’s profits were up 21% or +€616 million … Read more

By Essential Business   Posted 8 Novembro, 2024   In News, Privatisations, TAP A dozen national and international entities are interested in acquiring a slice of the Portuguese national carrier TAP which is to be part-privatised next year. These are in addition to the three main mega-airline groups Air France-KLM, IAG, and Lufthansa. “This strong interest goes to show that TAP … Read more