Portugal

Lufthansa enters race for TAP stake against Air France-KLM

TAP is of interest to bigger players due to its routes to Brazil and Portuguese-speaking Africa

Microsoft is also expanding its computing infrastructure to meet surging demand for AI services.

Microsoft to invest US$10 billion in Portugal AI data hub

The company is building the hub with Start Campus, a Portuguese developer, and British startup Nscale

Prime residential property prices in Lisbon, the Portuguese capital, are now higher than in Madrid, Berlin and Amsterdam, according to a Savills report from February.

Portugal home prices to keep rising as demand outpaces supply

Wealthy Americans have flocked to Portugal in recent years in search of sunny climes and a lower cost of living

Aima is struggling with a backlog of more than 400,000 visa applications after a sharp rise in immigration following the Covid-19 pandemic and the start of the war in Ukraine.

Portugal golden visa applicants stuck in limbo use legal options

TIRED of the cold winters in Canada, Renhai Wang packed his bags in 2021 and headed to Portugal to start a new life in Europe.

The volume of port wine sold annually has fallen over the last 15 years by a quarter to nearly 65 million litres in 2023.

Falling sales cause sour grapes for iconic Portugal wine

JOSE Manuel Ferreira should have already started harvesting grapes on his century-old vineyard in northern Portugal – instead he is still looking for a buyer for his crop.

Portugal first became a hot spot for foreign buyers in 2012 after the nation introduced “golden visas”, which tied residency permits to investment in the country, including real estate purchases.

Wealthy Americans are spiking Portugal’s Algarve housing market

The Algarve, the sunny southern coast of Portugal, is more popular than ever with visitors, and the region’s housing market is booming as a result. Real estate agency Savills says that in the past yea...

The tourism sector is key for the three nations, accounting for almost 25 per cent of Greece’s economy, and 12 per cent in both Portugal and Spain.

Tourism buoys southern Europe's 'Club Med' nations

Derided as “Club Med” nations during the European debt crisis 15 years ago, the economies of Spain, Greece and Portugal are now outperforming their northern peers thanks to a rebound in tourism.

Many struggle to find homes and end up living on the streets or in overcrowded flats, an issue exacerbated by high rents and sale prices fuelled in part by a tourism boom in cities such as Lisbon and Porto.

Portugal to use golden visa scheme to help migrants, build affordable homes

PORTUGAL plans to adapt its golden visa scheme to allow wealthy foreigners seeking residency rights to invest in affordable housing for locals or accommodation for migrants, the Cabinet affairs minist...

After an almost 30 per cent increase over the past five years, residential property in Portugal’s capital is pricier than Milan, Madrid and Berlin.

Lisbon’s hot housing market defies push to deter foreign buyers

After Portugal lured wealthy foreigners with investment incentives, the government is having a hard time putting a halt to the buying frenzy that’s propelled housing prices to sky-high levels.