© 2021 Portugal Connect. All Rights Reserved.

Business

All the posts published.
<?php echo pulse_output(); ?>

Fundação AIP has announced the debut of Lisbon Food Affair, a new trade event in Lisbon’s Parque de Nacoes that is designed to showcase the best of the Portuguese food and drinks sector. Marketed with the strapline “where food business and innovation meet!”,  Lisbon Food Affair is a trade-only event that aims to connect both large and small companies from across the industry, including suppliers, distributors and other stakeholders, …

Read More →
<?php echo pulse_output(); ?>

Wind and solar energy is set to ramp up in Portugal over the course of 2023, after the government approved new schemes that will deliver over a gigawatt (GW) of new power generating capacity. In Santiago de Cacem, near Sines in the south-west of the country, Iberdrola and Prosolia Energy have been given the green light to begin works on a €800 million 1.2GW solar farm that will ultimately …

Read More →
<?php echo pulse_output(); ?>

Mercadona, the Spanish supermarket chain, has announced the debut of its first store in Montijo, Setúbal district, the first of six new stores it plans to open across Portugal in 2022. The new 1,900 square metre store will offer a typical range of food, drink, home and personal care items and will create 65 jobs. The store will also feature 430 solar panels generating up to 200kW of renewable …

Read More →
<?php echo pulse_output(); ?>

Capgemini, the leading French multinational providing consulting, technology and outsourcing services, has opened its new  research and development (R&D) “mobility lab” in Gaia with an initial workforce of 350. The company, which is targeting a headcount of 700 by 2025, will use the new centre to test software solutions and applications for the automobile industry, including autonomous driving, cloud connectivity, and automatic verification and validation solutions based on artificial …

Read More →
<?php echo pulse_output(); ?>

ABAI, the Spanish business process outsourcing (BPO) company, has inaugurated a new two-storey customer service centre in Lisbon that has space for up to around 500 staff. The new 3,000 square metre contact centre will provide support in English, French and Spanish among other languages, and serve both national and international clients. Javier López Cuevas, chairman of the board of directors at ABAI, commented: “This model exemplifies our commitment …

Read More →
<?php echo pulse_output(); ?>

Auchan, the French retail group, is recruiting to fill around 60 vacancies in its stores in the Algarve towns of Faro, Lagoa, Olhão and Portimão. The full and part time vacancies include roles in stock replacement and security, as well as store assistants for parapharmacy, fresh produce, delicatessen and meat and fish. Petrol station operatives, customer services and cafeteria staff are also being sought. The retailer currently employs around …

Read More →
<?php echo pulse_output(); ?>

Softinsa, a subsidiary of global tech giant IBM, has announced plans to open an innovation and technology centre in the northern Portuguese town of Vila Real, creating up to 300 highly-skilled jobs by 2025. The project is a partnerhip between Vila Real city council, the Regia Douro Park science and technology park , Universidade de Trás-os-Montes e Alto Douro (UTAD), IBM Portugal and Softinsa and will particularly focus on developing …

Read More →
<?php echo pulse_output(); ?>

Casais, the leading construction group and property developer, has announced plans to open what it claims is Iberia’s first timber-hybrid commercial building in the northern Portuguese town of Guimarães by the end of the year. The €11 million complex, which includes a 95-room hotel, 44 studio flats for rent and a commercial unit, is located next to the Universidade do Minho Hub. The timber-hybrid pre-fabricated construction is described as being …

Read More →
<?php echo pulse_output(); ?>

TeamViewer, the global technology company, has announced a move into new offices in Porto with plans to almost double headcount to 55 by the end of the year. The opening of the new office, in which teams will focus on developing augmented reality solutions, follows TeamViewer’s creation of a research and development hub in the city in 2021. TeamViewer, which provides a connectivity platform which it claims allows users to …

Read More →
<?php echo pulse_output(); ?>

Shield, the Israeli technology company focused on financial compliance, is opening a research and development centre in Lisbon that is expected to have a headcount of 20 by the end of the year. In an initial phase, Shield is focusing on development teams, but it also has plans to expand in the areas of solution architecture and cloud to create an “innovation hub”. The company is reportedly looking for software …

Read More →
<?php echo pulse_output(); ?>

The second United Nations (UN) Ocean Conference, a gathering that will discuss how best to conserve and sustainably use the oceans and marine resources for sustainable development, is to take place in Lisbon’s Altice Arena between the 27thJune and the 1st July. Jointly organised by the Portuguese and Kenyan governments, the event will take as an overarching theme “Scaling up ocean action based on science and innovation for the implementation …

Read More →
<?php echo pulse_output(); ?>

Mitiska REIM, a commercial real estate developer, has announced it is to invest €20 million to build a new 21,000 sq m out-of-town retail development near Portimão in Portugal’s Algarve region, creating 200 or more new jobs. The new Nova Vila Retail Park development will benefit from 875 free parking spaces and will be located near the A22, the principal motorway running east-west through the Algarve. Commenting on the project, …

Read More →
<?php echo pulse_output(); ?>

The Portuguese government has announced plans to open its borders and loosen its visa rules in order to address labour shortages, as well as to smooth the process for families and students keen to relocate. Outlining the proposals, Ana Catarina Mendes, Minister for Parliamentary Affairs, also announced an end to “anachronistic” quotas on immigration from outside the EU, an extension of working visas from 120 to 180 days, and access …

Read More →
<?php echo pulse_output(); ?>

Webhelp, the multi-national business process outsourcing and consultancy company with headquarters in Paris, is recruiting 1,000 new roles across Portugal as it looks to ramp up its presence in the country. Recruitment is focused on customer and technical support roles, particularly for individuals with aptitude in French, English, German and Nordic languages. However, openings are also available in human resources, administration, and communications. The job openings support Webhelp’s rapid expansion …

Read More →
<?php echo pulse_output(); ?>

MANCHESTER, UK – 8th June 2022: Portugal Connect meeting with the Portugal Secretary of State for Portuguese Communities Paulo Cafôfo, Ambassador Luís de Almeida Ferraz and Consul General of Portugal in Manchester Duarte Bué Alves.

<?php echo pulse_output(); ?>

Orfeón, the Spanish transport group, is to establish a logistics platform including a renewable hydrogen filling station in Tocha, Cantanhede, near Coimbra via a €38 million ($40.7 million) investment. The company has reportedly acquired two plots of land with a combined size of 220,000 sq m. As well as the hydrogen filling station, the site will house a filling station for conventional fuels and a container park, and will create …

Read More →
<?php echo pulse_output(); ?>

Portuguese energy firm Galp is claiming a European first with the launch of the Galp Smart Store, an unmanned retail store located on a petrol station forecourt. Situated on Avenida Gago Coutinho in Lisbon, the shop aims to provide a simpler retail experience by using technology from Portuguese tech startup Sensei that allows customers to buy products 24 hours a day without queuing or scanning. Having first downloaded and associated …

Read More →
<?php echo pulse_output(); ?>

Natixis, a subsidiary of French banking major Groupe BPCE, has announced it plans to recruit 200 graduates for paid internships starting this September. The roles, which span engineering and IT, management, accounting, finance, international relations, law, human resources and communications & marketing, are intended for young people eligible for placements via the Instituto do Emprego e Formação Professional (Institute for Employment and Vocational Training / IEFP). Commenting on the move, …

Read More →
<?php echo pulse_output(); ?>

Portugal is set to become a new destination for medical tourism thanks to a recently-launched initiative bringing together the country’s healthcare industry and state trade and tourism agencies. The Medical Tourism in Portugal portal will offer specialized services in medical fields such as cardiology, dermatology, oncology, rehabilitation, plastic surgery, ear, nose and throat medicine and orthopedics. Modern infrastructure, latest-generation equipment, and highly qualified staff, combined with Portugal’s established status as …

Read More →
<?php echo pulse_output(); ?>

Bosh, the German multinational engineering and electronics company, has announced it is to install a new production line to manufacture heat pumps at its thermotechnology facility in Aveiro, creating 300 jobs. The company plans to open the new manufacturing line in two phases, investing a total of €12 million ($12.5 million), with production commencing in the first half of 2023. The line will allow Bosch to manufacture external units for …

Read More →
<?php echo pulse_output(); ?>

Hotel chain Yotel has announced plans to open its second location in Portugal in 2024 at Foz Vintage (FVC) Group’s Lisbon World Trade Centre (WTC). The UK-based group, which claims to offer innovative experiences through smart design and creative technology, said the new 127-room hotel would also feature a restaurant, event space, panoramic rooftop bar, co-working space, and fitness centre. Located in Carnaxide (Oeiras), the Lisbon WTC will be part …

Read More →
<?php echo pulse_output(); ?>

Lidl, the German retail chain, is investing a further €2 million ($2.1 million) in training as part of preparations to open its first stores in Madeira in June 2023. The discount grocer has already announced a total investment of €100 million ($106 million) to support three initial store openings on the Portuguese island, including the creation of 150 jobs. Lidl plans to recruit a range of roles, including store managers, …

Read More →
<?php echo pulse_output(); ?>

50,000 tons of green hydrogen and 500,000 tons of ammonia per year are set to be produced at facilities near the Portuguese town of Sines through a new €1 billion scheme. The MadoquaPower2X project, which is expected to create more than 200 jobs, is being led by Portuguese firm Madoqua Renewables, in partnership with Dutch energy transition project developer and consultancy Power2X (Power2X) and Danish fund manager Copenhagen Infrastructure Partners’ …

Read More →
<?php echo pulse_output(); ?>

Siemens, the German technology company, has announced plans to expand its Lisbon Tech Hub, an internal competency centre for information technology (IT) services. The Lisbon Tech Hub launched in 2014 with an initial workforce of 40. Since then, headcount has increased significantly, and more than 1,300 staff are now employed at the site. Of around 300 positions currently available across Siemens’ Portugal operations, 160 new roles are described as being …

Read More →
<?php echo pulse_output(); ?>

Airbus, the multinational aerospace corporation, has announced plans to create an additional 300 jobs at its Global Business Services (GBS) centre in the Portuguese capital Lisbon. Located in Parque das Nações, the company is targeting total headcount of 800 by 2025 in roles managing administrative, transactional, reporting and IT services, mainly in support of Airbus’ Finance, HR, Procurement, IM, Engineering, Communication, Customer Services, Legal and Compliance departments. Lisbon was chosen …

Read More →
<?php echo pulse_output(); ?>

Start-up and scale-up businesses in Portugal’s Algarve region are set to benefit from free training and mentoring sessions run by the Associação Nacional de Jovens Empresários (National Association of Young Entrepreneurs / ANJE), according to a report in Sul Informação. Running between March and June, the Startup Business Skills (SBS) sessions will be held in the principals towns and cities of the region, such as Loulé, Faro, Albufeira, Portimão and …

Read More →
<?php echo pulse_output(); ?>

A new teaching and technology center called Gaia Infinity Hub is to be built on a 21-hectare site in Madalena near the northern Portuguese town of Vila Nova de Gaia, local authorities have announced. Developed by the Brazilian firm Gestao de Capital & Management as part of a total investment of €700 million ($770 million), the new hub is designed to bring together students, renowned educational institutions and large companies …

Read More →
<?php echo pulse_output(); ?>

We spoke to Miguel Pina Martins, CEO, Science4you in Portugal

<?php echo pulse_output(); ?>

Young people and the elderly will soon be able to travel for free across the Lisbon transport network if plans drawn up by authorities, led by City Mayor Carlos Moedas, are granted final approval. The scheme, which has reportedly been given the initial nod by the city’s executive, would apply to all journeys made with Carris, the company that operates Lisbon’s buses, trams, and funiculars. However, officials are hoping to …

Read More →
<?php echo pulse_output(); ?>

The Regional Government of Madeira has announced the creation of what it claims is the largest Highly Protected Marine Area (HPMA) in Europe by significantly strengthening protections for seabirds and other wildlife in the existing Savage Islands marine reserve. The reserve covers an area of over 2,600 sq km within a 12 nautical mile radius of the Savage Islands and will be entirely protected from extractive activities such as fishing …

Read More →
<?php echo pulse_output(); ?>

Portugal Tech, a “fund of funds” managed operationally by the European Investment Fund (EIF), has announced it secured €273 million ($309 million) in funding pledges at the Web Summit in Lisbon. Speaking at the launch of the Portugal Tech II program, Portuguese Finance Minister Pedro Siza Vieira claimed the  multiplier effect was “much higher” than had initially been expected. “In total, Portugal Tech II aims to mobilize 250 million euros …

Read More →
<?php echo pulse_output(); ?>

We spoke to Ricardo D’Souza, CEO, Titos Group in Goa, India.

<?php echo pulse_output(); ?>

Porto has been recognised in a global survey for its high standard of living and the quality of its services. Portugal’s northern city achieved a Platinum rating for “Sustainable cities and communities — Indicators for city services and quality of life (ISO 37120)” in the World Council on City Data (WCCD), based on international standards published by the International Organization for Standardization (ISO) in Geneva. Platinum is the highest of …

Read More →
<?php echo pulse_output(); ?>

We spoke to Rita Nabeiro, CEO, Adega Mayor – Nabeiro Group in Portugal.

<?php echo pulse_output(); ?>

Supermarket chain Continente, part of Portuguese retail and telecoms conglomerate Sonae, has announced the opening of what is described as the first “Europe-brand” scanless and cashless convenience store, located in central Lisbon. The new Continente Labs concept store, which opened its doors on 26th May, is 150 sq m in size and works using an app linked to a debit or credit card. Consumers scan a QR code generated by …

Read More →
<?php echo pulse_output(); ?>

Portugal is the sixth best country in the world to be a woman in the workplace, a new study has discovered. The analysis, which was carried out by UK research firm SmartStudy, ranked countries according to criteria such as the gender pay gap, women as a percentage of the total workforce, and total maternity and parental leave. A fourth factor analysed was the average number of days it takes women …

Read More →
<?php echo pulse_output(); ?>

Start Campus, a joint venture of Davidson Kempner Capital Management and Pioneer Point Partners, has announced an investment of €3.5 billion to develop the Sines 4.0 hyperscaler data centre, located in Portugal’s Alentejo region, to connect Europe with the Americas and Africa. Claimed to be the largest renewable data centre campus in Europe with up to 450MW of capacity, Sines 4.0 will create 1,200 jobs and is designed to seamlessly …

Read More →
<?php echo pulse_output(); ?>

Altice, Portugal’s leading telecoms firm, has announced it has partnered with technology giants Microsoft and Hewlett Packard Enterprise (HPE) to launch Azure Stack Hub, described as the first Azure hybrid cloud solution in the country. The initiative was unveiled at the Covilha Data Center, the biggest data storage facility in Portugal. Commenting on the partnership, Altice Portugal Chairman Alexandre Fonseca said: “This infrastructure will allow business clients of Altice Portugal …

Read More →
<?php echo pulse_output(); ?>

Portugal’s Rede Nacional de Incubadoras (National Incubators Network) has helped startups raise more than €373 million in 2020, according to information published in the “Monitoring Report of Portuguese Incubators of the National Incubators Network (RNI)”. Companies with more than 12 months of incubation have a success rate of 89%, while the success rate for companies with over 24 months’ incubation is 85%, the report says. The total investment secured by …

Read More →
<?php echo pulse_output(); ?>

Biscuit International, the France-based bakery firm, has reached an agreement to acquire Dan Cake, a Portuguese manufacturer and distributor of biscuits and cakes for an undisclosed sum. Dan Cake is a family-owned business founded in 1978 and headquartered in Coimbra, Portugal. The company, which has two manufacturing sites and employs 500 staff, is a leading producer of cakes and biscuits in Portugal and a leader in the butter cookies market. …

Read More →
<?php echo pulse_output(); ?>

Portugal has emerged as the top European travel destination in 2020, beating off competition from France, Spain and other tourist hotspots to be crowned the winner in the World Travel Awards. This is now the fourth year in a row that Portugal has been named “Europe’s Leading Destination” in the prestigious tourism awards. Running since 1993, the World Tourism Awards analyze and evaluate the tourism sector at a global level, …

Read More →
Portugal Connect | Business