Latest news and stories about economic activity in finance in Porto, Portugal for expats and residents.
Four Portuguese companies, including a Porto-based AI firm and an aesthetic clinic, have signed agreements to expand their operations into Riyadh, Saudi Arabia.
Galp's Innovation District project at the former Matosinhos refinery site is projected to generate 100,000 jobs and contribute two billion euros annually to the Portuguese economy over three decades.
Portugal is set to launch a new Economic and Business District, a strategic urban development project aimed at stimulating the commercial property market and fostering long-term job creation.
Three prominent businesswomen in the luxury sector discuss how reducing tax burdens and improving professional training are essential for industry growth, while also highlighting the strategic importance of new infrastructure like airports.
The office market in Porto is experiencing high demand, with one-third of the 98,600 square metres currently under construction already reserved.
A call for political action regarding necessary structural changes in Portugal that have been repeatedly delayed.
Porto Business School points to a lack of capital, talent, and public demand as brakes on the technology sector, but believes the country has the potential and capacity to create world-class companies.
The AICEP Forum 2026 focuses on enhancing Portugal's international trade and investment promotion strategies.
The company DareData is establishing a new base in Porto to boost its growth across the Portuguese and Spanish markets.
The French group Artelia, which employs over 11,000 people, came to Portugal this summer to make acquisitions. The multinational consulting, engineering, and project management firm has acquired 100% of the civil engineering company Sopsec, based in Vila Nova de Gaia, and will share leadership with the co-founders during the transition phase.
PRESS REVIEW | Porto was also the infrastructure that received the most investment from the group last year
Porto was responsible for 218.8 million euros in revenue, out of a total of 1313.8 million for ANA's business. Since the privatisation in 2012, the company has recorded a total profit of 2986.6 million.
The Grupo Mosqueteiros expanded its presence in the Porto district with the opening of a Bricomarché store and a Roady Auto Centre in Felgueiras last Tuesday (1 September). This investment, which exceeds four million euros, has resulted in the creation of 31 new jobs. The new Bricomarché store, the group's 63rd in Portugal, has a total area of 2,715 m² dedicated to DIY, construction, decoration, gardening, and pet shop products. Meanwhile, the 38th Roady Auto Centre occupies an area of 842 m² and includes a workshop equipped to provide assistance to combustion, electric, and hybrid vehicles. Available services include oil changes, air conditioning recharging, and electronic diagnostics, in addition to a shop with over 4,000 products from recognised brands, the group revealed in a statement. Grupo Mosqueteiros' revenues rose 5.5% last year.
Between 1985 and 2008, he served as president of the association, first as the Porto Industrial Association and later as the Business Association of Portugal.
The textile industry trade fair is scheduled to take place at the Exponor exhibition centre in Matosinhos in May 2027.
The Minister of Agriculture announced new support to compensate for the rise in production costs and admits to a potential increase in direct payments still in 2026.
Farmers in the Sousa Valley requested more support from the Government to cope with the increase in production costs.
The Government will launch a new 20 million euro support package for farmers to combat the increase in fertiliser prices, announced the Minister of Agriculture and Fisheries, José Manuel Fernandes, this Friday in Penafiel. “We are going to move forward with a new 20 million support package in the same format, in the same way that we provided these 20...”
Gonçalo Fleming has collaborated with Morais Leitão since 2006, becoming a partner in 2018. He is part of the commercial and M&A team and is responsible for managing the Porto office. According to the lawyer, the Northern region, and in particular the Porto Metropolitan Area, is experiencing one of the most dynamic moments in its recent history, establishing itself as...
The Jerónimo Martins group, Visabeira, and B&B II, controlled by Carlos Martins, chairman of Martifer, have notified the Competition Authority (AdC) regarding the acquisition of joint control of Rduz, a company active in waste management, treatment, and recovery. The Competition Authority received a prior notification of an operation on August 11.
Rduz, a company from Vila do Conde, is owned by the Benta family. Carlos Benta is the general manager. Pure Planet intends to acquire the entire share capital.
Pedro Duarte earned 192 thousand euros in his last full year in the private sector. He entered Parliament before having an employment contract and received a salary in stock awards while an executive at Microsoft.
A two-year-old startup with roots in Porto has won the global final of the Startup Spotlight at Black Hat in Las Vegas, the world's most prestigious cybersecurity conference. Opnova's AI-driven 'computer-use' agents automate complex, manual IT access management tasks for large financial institutions, mimicking human interaction with software interfaces to eliminate inefficiencies and security risks. With its engineering hub based in Porto, the company is currently scaling its operations and expanding its client base among major US banks.
A footwear factory in Vila Nova de Gaia has closed permanently after receiving public funding through Portugal’s Recovery and Resilience Plan (PRR), leaving dozens of workers uncertain whether they will The post Gaia shoe factory closes after receiving PRR funding, workers unpaid appeared first on Portugal Resident.
Founded by Airton dos Santos Pedro and Gabriel Marques dos Santos during the Covid-19 pandemic, vendinGO has acquired the Madil factory, located in Santo Tirso, which specializes in the production of paper cups covering the most common formats in the vending sector. The acquisition of this industrial unit, which has the capacity to produce 720 cups...
The management of the Pontual footwear factory in Vila Nova de Gaia has confirmed the permanent closure of the industrial unit, noting that the insolvency filing was submitted this Tuesday. The payment of July salaries and holiday allowances to the workers of the Pontual footwear factory in Gaia will depend on the insolvency administrator, it was stated.
CNA and Avadouriense have called for a demonstration at the IVDP. Producers are demanding mandatory contracts, a ban on purchasing below cost, and crisis distillation starting with this harvest.
