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
Portugal could be the first country in Europe to suffer a correction in its property market in 2023 according to a financial consultant. However, it is unlikely to see a bursting property bubble as some analysts are warning. Speaking on CNN Portugal, and referring to reports that have appeared in the International press, Filipe Garcia … Read more
The President of the European Central Bank Christine Lagarde has criticised European governments like Portugal which have adopted across-the-board rather than targeted support measures to help Portuguese families. The ECB president also warned that the economic situation in the Eurozone would get worse before it got better, and said that budgetary measures should focus on … Read more
WASHINGTON – The United States has proposed cooperation with Portugal in the field of cybersecurity following the cyber-attack against the Armed Forces General Staff that exposed NATO documents, Portugal’s minister of foreign affairs said on Friday. João Gomes Cravinho met Thursday in Washington with US National Security Adviser Jake Sullivan and Secretary of State Antony … Read more
