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China’s foreign minister, Wang Yi said on Tuesday that Portugal and China should expand cooperation and strengthen bi-lateral relations and exchanges. Speaking to the Portuguese Minister of [...]

Portugal’s textile company TMG – Acabamantos Têxteis (TMG Group), the UK’s RTS Textiles Ltd (RTS) and Pakistan’s Sapphire Textile Mills (STM) have merged in a “strategic merger” under the [...]

The second phase of the €8Bn, 1.2GW Start Campus data centre at Sines in Portugal will start in June. According to the online news source ECO, work will begin on a second data centre building for [...]

Portugal’s General Inspectorate of Finances (IGF) believes that €55 million paid out by the State in 2020 to Brazilian-US airline mogul David Neeleman to buy back his share in TAP SGPS was not [...]

Hundreds of million euros of incentives had to be provided to Volkswagen to convince the German manufacturer to produce its new electric low-cost vehicle at its Autoeuropa plant in Palmela. Under [...]

Five executive directors at Bosch Portugal, including its CEO, Carlos Ribas, were fired last summer by the German company’s head office without the right to compensation or severance pay over [...]

There has been a lot of excitement generated by the news that Portugal is developing the largest data centre hub in Europe. Called Start Campus, it promises to deliver AI-Scale data centres with [...]

Portugal’s economy kicked off 2025 with the largest surplus in services trade ever recorded, posting over €2Bn. It means that never before since statistics on such figures have been published [...]

House prices in Portugal were up 9.1% in 2024 with 156,325 properties changing hands according to the country’s national statistics institute INE. The total value of transactions grew 14.5% on [...]

Portugal’s development bank, Banco Português de Fomento, is to launch four new financial instruments to support companies. And to boost investment, BPF has sent 125,000 pre-approved guarantees [...]