Latest news and stories about local business in finance in Portugal for expats and residents.
The Portuguese government is set to introduce a series of economic incentives aimed at stimulating local business activity and fostering regional investment.
Business owners in Albufeira are expressing alarm over new, restrictive operating hours and noise regulations in the Oura and old town districts, while the local council defends the measures as long-overdue.
Silves Council has identified around 1,600 businesses and other economic activities operating in the municipality’s main parish centres as part of the ongoing review of its Municipal Master Plan (PDM). The post Silves planning review maps 1,600 businesses across municipality appeared first on Portugal Resident.
The measures are expected to come into effect at the end of the year or the beginning of 2027.
Castro Almeida highlights the essential role of local businesses in the Portuguese economy.
The initiative aims to support local businesses in the face of growing competition from large retail chains and digital shopping platforms.
The man told CMTV that he did not raise the price of meat for consumers in order to “not punish them”.
The initiative “forgoes general revenue, but stimulates the local economy, creates income and generates value,” argues Joaquim Amaral, Mayor of Nelas.
Consumers are mainly noticing the increase in fresh produce, buying only the essentials, while merchants try to balance prices so as not to lose customers.
The Irish-origin cream liqueur is now part of the portfolio of the Portuguese group Casa Redondo, based in Lousã and present in 20 markets. The amount invested by the company was not disclosed.
“The importance of Ryanair goes far beyond air capacity,” AREAT said, noting that the airline's exit from the archipelago affects the profitability of local businesses and demand for the destination.
The restaurant was “designed for local residents and many regular customers” were “forced” to move, says the owner, who was also “driven out” of Lisbon by the “unbearable rise in rents.”
The insurance broker Medal has opened a new office in Lagos to respond to the “growing interest and demand from both national and international residents in Lagos, Vila do Bispo, Sagres, Aljezur, and the entire Costa Vicentina region,” according to a company source. The company, founded in Portimão in 1986, now has bases ...
