If Portugal is mired in economic crisis with families being squeezed by inflation at nearly 10% and mortgage payments up because of higher interest rates, you’d never guess it if you looked at the luxury car sales figures for 2022. Sales of luxury cars were up 22% with all sport cars enjoying an increase, with … Read more
The United Kingdom has now overtaken France and Switzerland in terms of the countries where Portuguese citizens have most applied for dual nationality. In 2021 2,561 Portuguese citizens acquired British nationality, the majority by right of being permanent residents or through the registration of under 18s — up 25% on 2020. This is according to … 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
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
Tourism, together with associated real estate, is undoubtedly one of the main drivers of Portugal’s economy, currently representing 15% of its GDP. But the success that Portugal has enjoyed over the past years is not solely down to good food, fine wines and a sunny climate. It has to do with a coherent, consistent and … Read more
O Turismo de Portugal lança esta sexta-feira, 18 de novembro, a campanha ‘Close To US’ nos EUA, iniciativa que vai ser lançada em Times Square, em Nova Iorque, e que dá início a um forte Plano de Promoção de Portugal nos EUA. De acordo com um comunicado do Turismo de Portugal, os EUA são “um … Read more
Text: Chris Graeme Photos: Joaquim Morgado Tourism provides around 15% of Portugal’s GDP and the United States is one of the Top 5 inbound markets to Portugal along with the French, Germans, Spanish, and British. In July 2022, 183,000 Americans visited Portugal, and they made the US the number three inbound market for the country, … 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