Latest news and stories about economic activity in Porto, Porto, Portugal for expats and residents.
Economist Óscar Afonso warns that the Government has failed to adequately prepare Portugal's economy for the post-RRP period, projecting severe budgetary consequences ahead of the 2027 State Budget.
Four Portuguese companies, including a Porto-based AI firm and an aesthetic clinic, have signed agreements to expand their operations into Riyadh, Saudi Arabia.
Portugal faces widespread disruption following a second general strike in eight months, highlighting deep-seated tensions between the government and unions over proposed labor reforms and the lack of constructive dialogue.
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.
Proença de Carvalho has opened a new office in the city of Porto, located in the Boavista area. At the same time, the firm has appointed Miguel Gonzalez Amado, who will coordinate the Porto office, and Pedro Duarte Batista as partners, both joining from Vieira de Almeida. “The opening of the Porto office is a natural response to the demand that...
With a “diversified industrial base”, the Porto Metropolitan Area has seen exports grow by 36% in 10 years and overnight stays double. In Leixões, through which 6% of national exports pass, the Strategic Plan provides for investments of one billion euros by 2035.
An analysis of Portugal's shortcomings and challenges in adapting to the age of artificial intelligence as part of the 10th-anniversary coverage of Jornal Económico.
2026 is another record-breaking year for tourism in the North. Up to September, over 1.14 million people travelled on the Douro River. There are increasingly more North Americans visiting the region.
The former Secretary of State for Tourism, Rita Marques, is joining the Pestana Group's executive committee, where she will take charge of IT and marketing, the group announced in a statement. Until now, the former government official led the Livraria Lello Foundation in Porto, following a 2023 controversy over her acceptance of a position...
River tourism on the Douro Navigable Waterway reached 1,142,540 passengers by September, with cruises within the same reservoir in Porto/Gaia or Pinhão accounting for 80% of all traffic. In a year marking the 25th anniversary of the Alto Douro Vinhateiro's UNESCO classification, the region continues to see steady growth, although specific segments like day cruises and recreational boating have seen slight declines. APDL official Raquel Maia emphasises the importance of sustainable development as the region prepares to celebrate Douro Day.
The national demonstration saw strong turnout in Porto, drawing thousands of people to the streets and filling Rua de Santa Catarina.
A reflection on Portugal's competitiveness on the tenth anniversary of Jornal Económico.
An overview of the upcoming AICEP 2026 Forum focusing on Portugal's economic competitiveness and future prospects.
Another Silicon Valley company is investing in Portugal. The American tech firm Athena Technology Solutions announced this Thursday that it has opened its first office in Europe in Porto. From the Portuguese city, it will manage its European operations for implementing software designed to optimise factory floors.
The 10th edition of the Hybrid and Electric Motor Show (SAHE) opens at the Porto Customs House, showcasing 18 automotive novelties over three days, from October 16 to 18. Expected launches include the Audi A2 e-Tron, BMW i3, all-electric Cupra Raval Extreme VZ, Jeep Avenger, Leapmotor B05 and B03X, as well as the VW ID.Cross and ID.Polo GTI. The event will also feature vehicles from Changan, Dongfeng, DS, KGM, Kia, Mercedes, Skoda, and Volvo. This year's edition is particularly relevant as consumers increasingly shift to electrified vehicles due to rising fuel costs, making the transition an economic as well as environmental decision. A note from the show highlights the importance of this timing, as the European Union and China negotiate limits on hybrid and plug-in hybrid vehicle exports to Europe. Predictions suggest these exports could be halved, with talks concerning fully electric vehicles still ongoing. These developments will impact consumer choices for both families and businesses. Show director José Oliveira notes that the European automotive market is changing rapidly and the new balance with China will affect both supply and pricing.
What do Portuguese companies need to transition from competitive exporters to groups with international scale? This was the question that guided Fábrica 2030, ECO's annual conference dedicated to industry, competitiveness, and business growth, held at the headquarters of the National Association of Young Entrepreneurs (ANJE) in Porto. Under the theme 'Scale'...
Business leaders, association heads, and managers debated what Portuguese companies need to transition from competitive exporters to internationally scaled groups. This took place at Fábrica 2030, ECO's annual conference dedicated to industry, competitiveness, and business growth. Read the main quotes from this Wednesday's conference held at the headquarters of...
The CEO of the Portuguese group TMG, which manufactures automotive interior components, explained that the two factories the company has abroad serve distinct purposes. While in China the goal of local production is to be closer to the final customer, in the United States, it is to become “a global partner of choice for the ...
The CEO of the Banco Português de Fomento (BPF) believes it will be possible to reach 10 billion euros in impact on the Portuguese economy by next year. “It is our team's challenge. We believe we will do it,” said Gonçalo Regalado during a speech at Fábrica 2030, one of the conferences marking the 10th anniversary.
Armindo Monteiro identified entrepreneurs and managers as a “silent majority,” challenging them to “break this silence” and lead what he called an “uprising of an entrepreneurial nation that believes in having more prosperity than it currently does.” “It is a terrible verdict to know that we are growing below our potential,” he added. “We should not...
The State's entry into the capital of REN and other companies is “inadmissible”, argues entrepreneur and investor Carlos Moreira da Silva. For the CEO of Teak Capital, there are no arguments that justify this investment, adding that “the State does not have a great track record of success in management”. “I find the entry into the capital unacceptable...
Economist Óscar Afonso believes that Portuguese companies can achieve scale through increased investment in management qualifications, sectoral sophistication, and internationalisation, while policymakers should make taxation more competitive, reduce judicial delays, and reformulate the logic behind European funds. “Portugal must bet on exports to scale up, increase...”
Porto Business School (PBS) has introduced a new initiative showcasing ten Portuguese brands.
Fabrica2030 is arriving and there are few places left. Sign up here. What is missing for Portuguese companies to transition from competitive exporters to groups with international scale? This question guides Fábrica2030, ECO's annual conference dedicated to industry, competitiveness, and business growth, which takes place on October 14th in...
Free public transport, a civic-mindedness that wins over the world, and a very high level of political standards. There are things that Portugal has, and others that it does not.
ECO is hosting the Fábrica2030 conference for its tenth anniversary on October 14 in Porto to discuss company scaling. View the agenda and register here; final spots are available. ECO was founded exactly ten years ago, when António Costa was Prime Minister of the 'Geringonça', Mário Centeno was Minister of Finance, and Marcelo Rebelo de Sousa was President.
Greater Porto, an entity previously composed of the municipalities of Porto, Gaia, and Matosinhos, is expanding to include Maia and Gondomar. According to Porto City Council councillor Hugo Beirão, these two municipalities within the Porto Metropolitan Area are joining the inter-municipal project, established in 2022, to boost regional investment. Beirão emphasised that inter-municipal cooperation is essential for economic dynamism, noting that municipalities should collaborate by referring investment opportunities to each other when necessary. A key initiative of Greater Porto is its participation in the MIPIM international real estate fair in Cannes. Beirão also noted that Porto is well-positioned to attract investment due to its quality of life, infrastructure projects, and planned transport improvements, including high-speed rail connections to Galicia, Spain, which could serve as a gateway to Latin America.
Portugal must capitalise on its energy resources and digital infrastructure to attract investment in artificial intelligence (AI) and help Portuguese businesses expand internationally, according to Gonçalo Regalado, CEO of the The post Portugal must catch up in AI race, warns development bank chief appeared first on Portugal Resident.
