Portugal loses €600 million to offshores

Portuguese state coffers have lost nearly €600 million in corporation tax revenues because of multinationals operating in Portugal reporting their profits in both onshore and offshore tax havens. This amount corresponds to around 9% of total tax revenues. This is according to the findings of an ongoing project called ‘The Missing Profits of Nations” undertaken […]

Portugal’s net financial position 100% in the red

Portugal now has a net financial position vis-à-vis the rest of the world of -100,0% of GDP, slightly less negative than the -106,6% recorded in the previous year. The Portuguese economy’s net lending capacity declined slightly, while its net financial position compared to the rest of the world is now less negative. On Thursday, 9 […]

Rents increased 10% in June on May

The average price of rents rose by 10% in June compared to May according to the online estate agency site Imovirtual. The average monthly rent went from €1,097 to €1,206 in an increase driven by an increase by 9.1% in rents in the Setúbal district, 8.5% in Lisbon and 7.8% in Faro. In Portalegre the […]

Part privatisation saved TAP says chairman

The chairman of Portuguese airline TAP, Miguel Frasquilho, said this week that the company would have gone under in 2015 if it hadn’t been for private shareholder investment. “If TAP had not been part-privatised with the entry of private shareholders David Neeleman and Humberto Pedrosa the airline would have gone under,” he told Radio Observador. […]

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.
“I hope to do other events with the Chamber as you are very professional and the result is always highly positive” - Moving to Portugal Webinars 2020
Pedro Pereira
Marketing Director, UCI
I'll be back soon, given the good feedback I got from all the meetings and visits I made. No doubt the UK is a market that Mindol wants to bet on. - Starting in the UK 2019
Miguel Cunha
International Sales Manager, Mindol
It was indeed an excellent opportunity to socialise and network. So many interesting people – including the selected speakers.
Congratulations for the excellent organisation and elegant choice of venue. - London Gala Dinner 2019
Ramiro Salgado
Partner at ReB Solutions
I want to say that last night’s network had such a great ambiance. I could tell from everyone I spoke to, they were having such a great time but also, networking (hoping successfully). Thanks to all of you for empowering the Chamber to help all of us progress in our business - Monthly Networking Drinks 2019
Jose Contreras
Partner, Saint Michel Consultancy