Novo Banco with €93 million losses in Q1

Novo Banco registered a €93.1 million loss in the first quarter of 2019. The bank, led by António Ramalho, ended 2018 with an overall loss of €1.412Bn. In the first thee months of 2017 the bank had registered profits of €70.4 million, having then recalculated the figures “to reflect the change in the initial losses […]

Elegant Group invests €130 million in Parque das Nações area

The Elegant Group, held by Martinhal Hotels & Resorts, is investing €130 million in three projects in the Parque das Nações area. They are: the Martinhal Hotels & Resorts; an office building purpose-built for the insurance giant Ageas and an international school – United International School of Lisbon – on plots of land once occupied […]

Chinese minister in Sines to see port expansion

The Chinese Minister of Natural Resources Lu Hao visited the Port of Sines on Friday with a large committee as part of the congress ‘Oceans Meeting 2019’ which opened on Thursday in Lisbon. During the visit, Lu Hao was accompanied by the Minister of the Sea, Ana Paula Vitírino who showed him the blueprints of […]

Business Angels investment falls €5.5 million in 2018

Investment made by informal investors (business angels) who are members of the Portuguese Association of Business Angels (APBA) fell to €5.5 million in 2018. The figure was below the €6 million registered in 2017. In an interview with Lusa, the President of the APBA, João Trigo da Roza said that the “slight decrease” in terms […]

Boavista Golf and Spa
Spotlight on our Patron members!

Boavista Golf Resort opened in January 2002 and quickly became established as one of the Western Algarve’s premier resorts. With an exceptional 18-hole championship course it is one of the Algarve’s most beautifully manicured courses, bordered by properties all designed to harmonize with the land’s natural contours.
Thank you on behalf of Recactiv for all of your efforts with the investor list and for your time yesterday.
Although it was a first, I believe we will do it again sometime in the future. The Portuguese Chamber is the only official cross business organisation focused on Portugal. - Starting in the UK Programme
Michael E. J. Stagnetto
Business Development, Recactiv
Thank you for an excellent night at the Portuguese Chamber Gala Dinner. Much was achieved and we will be looking to take advantage of the very obvious benefits membership brings - London Gala Dinner 2018
Robert Miller
Ex General Manager, CGD
Just wanted to say how pleased we were with yesterday’s event in London.
A great format and a healthy number of visitors – well done and thank you!
Pete O’Grady
Co-founder & Director, Prestige Property Services Europe
I thought it was a very good event and I'm glad we came. The quality of people, as in their commitment and interest, was high. Congratulations on an enjoyable and I think successful event
Michael Reeve