Grupo BEL Sustainability

Article By: Grupo Bel WE ARE BUILDING OUT ROAD TO SUSTAINABILITY FOUNDED ON AN INNOVATIVE AND INCLUSIVE CORPORATE STRATEGY, FOCUSED ON GENERATING AND ADDING SOCIAL VALUE. In our companies we have committed to implementing the 2030 Agenda,  while totally aligned with with fulfilling the UN Sustainable Development Goals. We have defined priority pillars, established ambitious targets … Read more

IRS Backlogs

Article by: https://www.ustaxconsultants.pt/   Why TIGTA Did This Audit   Backlogs of tax returns and other types of tax account work resulting from the Coronavirus Disease 2019 Pandemic (Pandemic) have had a significant impact on the IRS and taxpayers. The backlogs continued into Calendar Year (CY) 2023 with approximately 4.5 million returns awaiting processing or … Read more

Players Insights: Portugal Real Estate Survey 2023

Article by: https://www2.deloitte.com/pt/en Players Insights: Portugal Real Estate Survey 2023 Building up opportunities The Real Estate sector faces several challenges due to a number of factors that range from digital transformation and inflation, to foreign investment, regulation, among others. Deloitte relaunches the Players Insights – Portugal Real Estate Survey 2023, a report that explores the major dynamics happening … Read more

EastBanc kicks off the year with 8 rehabilitation projects in its portfolio

Article by: Público Imobiliário (publico.pt) Tiago Eiró says that “in the coming years, we plan to grow with even more projects, make more housing and, who knows, diversify even more including affordable housing developments to complement the offer and attractiveness of the neighborhood and the city”. Urban rehabilitation continues to be a priority for EastBanc … Read more

Digital bank Revolut nets 1.3 million clients in Portugal

By Posted 19 Abril, 2024  In Banks, News, Online banks British Fintech Revolut, which has just set up an office in Portugal, is close to netting 1,300,000 clients in the country with a target to increase this figure to 1.5 million. This is according to Revolut Portugal’s Managing Director, Rúben Germano who said that this did not include company … Read more

Overseas property refurbishment worth €911.8 million

In 2023, 4,750 residential properties were transacted in Lisbon’s Urban Refurbishment Area (ARU) worth a total of €2.2Bn. Foreigners were responsible for 33% of purchases and 41% of the total investment in these neighbourhoods earmarked by the government and city council for housing refurbishment as part of an urban regeneration policy. There were 1,580 transactions … Read more

Cuatrecasas with €388.7 million turnover in 2023

The international law firm of Portuguese origin, Cuatrecasas, enjoyed turnover of €388.7 million overall in 2023, despite not revealing the breakdown of its figures for Portugal, but said its consolidated growth in the country was around 30%. Overall, across all territories, accumulated turnover was 10.2% more than in 2022, up 52.2% or €133.3 million more … Read more

Portugal’s surplus 1.2% of GDP in 2023 with debt down to 99.1% of GDP

By Posted 25 Março, 2024 In Debt to GDP, News, Public administration, Public debt, Public deficit and Budget deficit The government net surplus achieved by the outgoing minister of Finance, Fernando Medina in 2023 was 1.2% of GDP according to the National Statistics Institute. (INE) Portugal’s public debt has fallen to 99.1% of GDP while its public administration enjoyed a … Read more