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The Adeo Group, owner of the Leroy Merlin DIY and bricolage stores, has invested €40 million in a store for professional builders. The store, which will operate under the Obramat brand widely [...]

Land expropriated to build the new TGV rail links between Porto and Lisbon have hit a new high with compensation costs already calculated at an estimated €425 million. According to daily Correio [...]

Portugal should do a better job of attracting more US companies to set up in Portugal as well as investing more in marketing to attract more tourists. That is the opinion of Tony Cabral, a US [...]

Portugal’s treasury and debt management agency returns to the markets on Wednesday with a triple auction of treasury bonds with maturities of between four, 18 and 21 years. The IGCP, which [...]

Falling exports may mean that Portugal’s economy will have to be driven by internal demand in 2024. The Portuguese economy is only expected to grow 1.2% in 2024, less than forecast by the State [...]

Portugal’s petroleum and natural gas company Galp has confirmed this month that it has discovered oil off the coast of Namibia at its Mopane – 1x well. The company had already begun [...]

The enthusiasm in the European Union (EU) and the US to launch strategic industrial programs has significantly increased in the post-Covid era. One of these, and perhaps the most ambitious and [...]

Bankruptcies in Portugal increased by 18% in 2023 on 2022 with almost 2,000 companies going under. On the other hand, 2023 closed with a record number of new companies created (51,320), exceeding [...]

The CEO of Aurora Lithium – the company that plans to build a lithium refinery in Portugal – Manuel Sousa Martins, whose total investment value is between €700-800 million, hopes to [...]

The Italian company doValue, which in Portugal offers credit portfolio, real estate, bank and investor asset management services, is pulling out of the country. It is the second company of its [...]