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Investment

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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 …

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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 …

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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 …

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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.

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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 …

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

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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 …

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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 …

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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 …

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

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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 …

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

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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 …

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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 …

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The Portuguese capital is among Europe’s ten hotspots for property investment, according to the 2021 EMEA Investor Intentions Survey published by commercial real estate services company CBRE. Lisbon came tenth in the latest ranking, close behind other leading European destinations such as Paris, Munich and Amsterdam. The list was headed by London, with Berlin and Frankfurt in second and third places respectively. The report also found investors are largely upbeat …

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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 …

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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 …

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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. …

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