Latest news and stories about investment in government in Porto, Portugal for expats and residents.
The Porto region is set to invest €820,000 in the refurbishment of two health centres. The Vale Formoso Health Unit will receive €526,000 for a four-month renovation, while the Foz Health Centre will be upgraded with an investment of €297,000, expected to take 100 days to complete.
TAP is investing €20 million to build a new aircraft maintenance hub and hangar in Porto, a project due to take two years and expected to create about 200 jobs. The move is intended to increase the carrier’s maintenance self-sufficiency, reduce outsourcing and boost operational autonomy as the airline undergoes privatisation, while Porto’s network will be strengthened with services to Terceira, Praia, Tel Aviv and an enhanced link to Boston.
Nuno Melo expects the signing of SAFE contracts soon and guarantees that the delay in the Strategic Defence Concept does not hinder investments.
The stadium and sports complex are being auctioned for a total base value of approximately 38 million euros.
The allocation of the Norte 2030 programme for the Porto Metropolitan Area (AMP) rises from 365 to 406 million euros. No PRR funds will be lost, including those in the education sector.
The government's proposal to eliminate the Court of Auditors' prior approval for public contracts up to 10 million euros has sparked a divide between the executive and the Court's president, Filipa Urbano Galvão. While Prime Minister Luís Montenegro frames the measure as an administrative simplification, the Court of Auditors warns of risks to public finance oversight. However, mayors from Porto, Matosinhos, and Évora argue that the current system causes excessive delays and that the change will unlock investment without sacrificing accountability.
On the day the Bank of Portugal releases the March Economic Bulletin, the president of the Court of Auditors is heard in Parliament regarding the RRP, and the INE releases the Housing Bank Valuation Survey for February. This Wednesday, the city of Porto will find out if it will host the headquarters of...
The President of the European Council gave a speech at the University of Porto and argued that doubling funds for R&D could raise Portugal to a new level of competitiveness.
For the former Prime Minister of the country, “the increase in investment in science is fundamental to strengthen competitiveness in an innovation-driven economy.”
European Council President António Costa stated at the University of Porto that the 2028-2034 EU budget framework offers a historic chance for Portugal to advance in competitiveness, particularly through increased investment in research, development, and innovation. Costa highlighted the new European Competitiveness Fund and emphasized the need for stronger partnerships between universities and the business sector to boost the country's economic value and job quality.
Nuno Botelho, president of the Porto Commercial Association, advocates for a new relationship between the Porto City Council and civil society, calling for less municipal intervention and more support for local institutions. In an interview at the Palácio da Bolsa, he criticizes Lisbon's centralism, highlights the lack of political and media visibility for the North, and argues that despite the region's significant contribution to exports, it still struggles to generate sufficient wealth and wages. He also calls for higher value-added tourism, increased business cooperation, tax reform, and a strategic focus on rail infrastructure connecting Porto to Lisbon and Vigo.
Pedro Duarte even anticipates a level of competitiveness similar to Lisbon airport within a maximum period of 10 years
Porto Airport reaches its 80th anniversary with 17 million passengers, inaugurates a €50 million investment in the runway and terminal, and is already planning a new phase of growth. The Prime Minister challenges ANA/Vinci to do 'more and faster', after highlighting that the French company has one of the most profitable operations in the world in Portugal.
The budget revision represents the first effective opportunity for the new executive led by Pedro Duarte to move forward with projects planned in its programme for the city, the local authority clarifies.
The units in Paranhos and Foz do Douro will undergo upgrade works.
Gaia City Council and the Eastern Province of Saudi Arabia signed a cooperation protocol aimed at attracting investment for a “new city” of 300 hectares and for an urban entertainment park covering a further eight hectares. The memorandum of understanding was signed this Friday in Vila Nova de Gaia by the municipality's president, Luís ...
The working group is expected to meet to assess whether an expansion of Porto Airport could have a positive impact on the region. Also, a new poll places Seguro and Ventura in the second round.
Hospital de São João has refurbished its emergency operating block with an investment of €3 million, upgrading facilities and equipment to improve urgent surgical care.
The project is expected to be completed in the summer of 2026.
China Railway Rolling Stock Corp Tangshan won the contract to supply 18 new trains to Porto Metro, but experienced delays in delivering the rolling stock. As a result, the Chinese company will pay a penalty of €1.03 million. The first train rolled off the production line in July 2022, when ...
4000 housing units licensed in the first ten months of the year. 'Invicta' gained 16,684 residents in 3 years.
“We are here as the city of Porto, but with strong support from the Portuguese government, because we believe that Porto has exceptional conditions to host this European agency, which is of extraordinary relevance for the entire European space, for the continent, and can even have a very significant global impact,” said ...
The article discusses Porto, Portugal's burgeoning startup ecosystem, highlighting its rapid growth as a hub for entrepreneurship. Key factors contributing to this environment include prestigious universities like the University of Porto, which foster innovation through research centers and technology transfer offices. Successful startups such as Farfetch and DefinedCrowd exemplify the ecosystem's potential. Local government initiatives, such as the Porto Innovation Hub and InvestPorto, support startup growth by providing resources, funding, and mentorship. On a national level, Portugal's Startup Visa Program and tax incentives attract foreign entrepreneurs, enhancing the startup landscape. Additionally, Porto boasts various accelerators, incubators, and co-working spaces, like UPTEC and Porto Design Factory, which offer essential support and resources for startups across diverse industries. Overall, Porto is positioned as a vibrant and supportive environment for new ventures in Europe.
