Economic activity in Setúbal, Portugal

Latest news and stories about economic activity in Setúbal, Portugal for expats and residents.

Setúbal#economic-activity

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Notícias ao Minuto - Última hora

🏛️ Government 🩺 Health 🚇 Infrastructure#economic-activity+2 more

The webpage provides a roundup of recent news related to Portugal, covering infrastructure, healthcare, politics, and local incidents. Key highlights include Infraestruturas de Portugal resolving over 90% of road closures, the opening of a regional emergency at Hospital de Loures, and a tragic motorcycle accident in Setúbal. Politically, José Luís Carneiro was re-elected as the leader of the Socialist Party with the highest votes ever in the Assembly of the Republic. Additionally, there are updates on economic matters such as the need for fuel certification and interest rate increases on certificates. The site also features international and regional news, including ongoing conflicts in Ukraine, Middle East tensions, and statements from Ukrainian President Zelensky. Sports updates mention FC Porto's upcoming match and transfer rumors involving Benfica and FC Porto.

noticiasaominuto.com15 Mar

In these troubled times, we have not seen a supply problem in Sines

🚇 Infrastructure 💶 Finance#economic-activity+2 more

“Practically all the crude oil that enters Portugal comes through Sines,” states Pedro do Ó Ramos, president of the Port of Sines, explaining that the major suppliers of both crude oil and natural gas are not from the Middle East.

CNN Portugal13 Mar

In these troubled times, we have not seen a supply problem in Sines

Microsoft ecosystem impact in Portugal reaches 7.3 billion

💶 Finance 💡 Technology 💼 Work#economic-activity+3 more

The economic value generated in the Portuguese economy by the Microsoft ecosystem reached 7.3 billion euros last year, equivalent to 2.5% of the GDP, the tech company announced this Thursday. According to the study, this figure is projected to rise to 9 billion euros once the Sines operation reaches full capacity. The ecosystem has generated approximately 35,000 direct and indirect jobs, with an expected increase of 8,300 roles driven by AI investments. Microsoft Portugal's General Manager, Andrés Ortolá, highlighted the rapid global adoption of generative AI, while EY's Rui Faustino noted that for every euro invested in Microsoft solutions, companies can expect 9.6 euros in productivity gains over time.

Dinheiro Vivo12 Mar

Microsoft ecosystem impact in Portugal reaches 7.3 billion

Microsoft ecosystem already worth €7.3 billion in Portugal and could reach €9 billion with the completion of the Sines data centre

💡 Technology 💶 Finance#economic-activity+3 more

The Microsoft ecosystem already generates 7.3 billion euros in the Portuguese economy and could grow with new investments in digital infrastructure, including the Sines data centre.

Expresso12 Mar

Microsoft ecosystem already worth €7.3 billion in Portugal and could reach €9 billion with the completion of the Sines data centre

War has not yet diverted oil and gas from Sines

🚇 Infrastructure 💶 Finance#economic-activity+2 more

The port of Sines is monitoring tensions in the Middle East, but it was storms that most affected offloading operations this year.

Expresso12 Mar

War has not yet diverted oil and gas from Sines

Microsoft has a 7.3 billion impact in Portugal

💶 Finance 💡 Technology#economic-activity+2 more

Last year, the economic value generated by Microsoft and partner companies in Portugal was equivalent to 2.5% of the GDP. The company estimates that this value may grow with the operation of the Sines data centre.

Observador12 Mar

Microsoft has a 7.3 billion impact in Portugal

Sines acelera novo terminal e aponta a concurso - Diário do Distrito

🚇 Infrastructure 💶 Finance 🌱 Environment#economic-activity+3 more

The article discusses Portugal's strategic developments in the port of Sines, focusing on the advancement of the new Vasco da Gama terminal. After an initial international tender in 2019 received no proposals, authorities are now conducting detailed market and demand studies to better align the project with market expectations. The revised plan aims to make the concession more attractive by extending its duration to up to 75 years, facilitating investment security. The study's completion is expected by April, with a subsequent presentation to the government to prepare a more competitive tender process, potentially launching a new international bidding by late 2023 or early 2024. Additionally, Sines is positioning itself as a key player in Europe's green energy transition, leveraging renewable energy, hydrogen projects, and logistics to enhance its international profile.

sapo.pt11 Mar

Sines acelera novo terminal e aponta a concurso - Diário do Distrito

Repsol to invest up to €10 billion between 2026 and 2028, with over half in Portugal and Spain

💶 Finance 🌱 Environment#economic-activity+3 more

In Sines, Repsol already has its Alba project underway, an investment that has risen from €657 million to €820 million, aimed at expanding the petrochemical complex by 120 hectares and building two new polymer factories.

Expresso10 Mar

Repsol to invest up to €10 billion between 2026 and 2028, with over half in Portugal and Spain

Port of Sines expects to complete study on Vasco da Gama Terminal in April

🚇 Infrastructure 💶 Finance#economic-activity+2 more

The market study for the Vasco da Gama container terminal in Sines is expected to be completed in April, the port administration revealed today, admitting it may launch the tender for this new facility by early 2027.

RTP Notícias10 Mar

Port of Sines expects to complete study on Vasco da Gama Terminal in April

Sines, Energy and Artificial Intelligence: Where the New Economy Begins

💡 Technology 💶 Finance 🌱 Environment#economic-activity+3 more

Home Business Sines, Energy and Artificial Intelligence: Where the New Economy Begins Sines, Energy and Artificial Intelligence: Where the New Economy Begins There are times when a territory is no longer just geography and becomes a strategy. Sines is experiencing one of those moments.

The Portugal News10 Mar

Sines, Energy and Artificial Intelligence: Where the New Economy Begins

Alentejo mines renew access to the Praias do Sado Terminal

💶 Finance 🚇 Infrastructure#economic-activity+2 more

Mining companies Somincor – Sociedade Mineira de Neves-Corvo, S.A. and Almina – Minas do Alentejo, S.A. will continue to operate in a 1.8-hectare area at the Praias do Sado Terminal, in the municipality of Setúbal, for the next ten years. On Monday, the APSS – Administration of the Ports of Setúbal and Sesimbra, S.A. announced the agreement in a statement.

ECO9 Mar

Alentejo mines renew access to the Praias do Sado Terminal

Nscale makes history in AI. It attracts funding like no other in Europe, with Nvidia among the backers

💡 Technology 💶 Finance 🚇 Infrastructure#economic-activity+3 more

Nscale is involved in the data centre to be built in Sines and has just secured the largest funding round ever for a European company. The British tech firm raised two billion dollars (1.73 billion euros at the current exchange rate) in an investment round that values the company at 14.6 billion dollars. The round was led by Aker ASA and 8090 Industries, but the highlight among investors is Nvidia, the world's largest semiconductor chip manufacturer by sales volume. Other participants include Nokia, Lenovo, Astra Capital Management, Citadel, Dell, Jane Street, Linden Advisors, and Point72. Founded in 2024, Nscale is a startup that has already achieved a decisive status in the Artificial Intelligence (AI) ecosystem by developing infrastructure, data centres, and operating cloud services. To fuel its growth, it recently appointed three new board members: Sheryl Sandberg, former COO of Meta; Nick Clegg, former UK Deputy Prime Minister and Meta executive; and Susan Decker, former president of Yahoo. Notably, among Nscale's responsibilities is the installation of 12,600 state-of-the-art Nvidia chips at the data centre to be built in Sines. Construction is being handled by Start Campus, and the technological infrastructure is the result of a partnership between Nvidia and Microsoft, two of the world's largest technology and AI companies. AICEP applauds Microsoft's investment in Sines, which strengthens the country's position as a European digital hub. Nokia guarantees 'cutting-edge technology' to accelerate Nvidia's data centres. Over 12,000 Nvidia AI chips are on their way to bolster the Sines data centre.

Diário de Notícias9 Mar

Nscale makes history in AI. It attracts funding like no other in Europe, with Nvidia among the backers

One month after the major flood, Alcácer begins to rise again: "The walls won't dry"

🏖️ Daily Life 🏛️ Government#economic-activity+3 more

Alcácer do Sal experienced the “largest flood on record” in the municipality. Residents, shopkeepers, and fishermen saw their homes and businesses affected. In addition to insurance, they are awaiting “quick” support from the Government.

Público5 Mar

One month after the major flood, Alcácer begins to rise again: "The walls won't dry"

American fund offers 203 million euros for Comporta

🏠 Property 💶 Finance#economic-activity+3 more

Azul Empírico, a subsidiary of the Davidson Kempner fund, has proposed a significant investment of 203 million euros to acquire the agricultural company Herdade da Comporta, indicating a strong interest in the agricultural and real estate market in the region.

Correio da Manhã1 Mar

American fund offers 203 million euros for Comporta

"The feeling is one of hope": Owners in Alcácer do Sal resume business a month after the floods

🏖️ Daily Life#economic-activity+2 more

Establishments are beginning to return to normal after the storms that affected the region.

Correio da Manhã28 Feb

"The feeling is one of hope": Owners in Alcácer do Sal resume business a month after the floods

Marcelo suggests the creation of a disaster fund

🏛️ Government 💶 Finance 🌱 Environment 🎭 Culture 🇪🇺 Europe#economic-activity+3 more

President Marcelo Rebelo de Sousa has proposed discussions on establishing a disaster fund in Portugal to address damages from increasing natural disasters, such as recent floods. During a visit to the flooded area of Alcácer do Sal, he highlighted the need for financial relief for businesses affected by such calamities, especially those without insurance. He noted that similar funds exist in the European Union and emphasized the opportunity presented by the Recovery and Resilience Plan (PRR) to support this initiative.

Diário de Notícias14 Feb

Marcelo suggests the creation of a disaster fund

Portugal has plans to recover areas affected by bad weather

🏛️ Government 🌱 Environment#economic-activity+3 more

Home News Portugal has plans to recover areas affected by bad weather Portugal has plans to recover areas affected by bad weather Prime Minister Luís Montenegro said in Alcácer do Sal that the Government is committed to recovering the country and already has several intervention plans, some spann

The Portugal News14 Feb

Portugal has plans to recover areas affected by bad weather

Montenegro announces that there will be a Recovery and Resilience Plan exclusively for Portugal

🏛️ Government#economic-activity+2 more

The announcement was made by the Prime Minister during a visit to Alcácer do Sal.

Correio da Manhã13 Feb

Montenegro announces that there will be a Recovery and Resilience Plan exclusively for Portugal

Commerce: Alcácer do Sal tries to resume activity

🏖️ Daily Life 🚇 Infrastructure#economic-activity+3 more

Shopkeepers in Alcácer do Sal are beginning to resume activity, but the losses are substantial and essential services are still lacking. Traders fear that aid will be slow to arrive.

Observador2 Feb

Commerce: Alcácer do Sal tries to resume activity

Traders in Alcácer do Sal report their despair to the Minister for the Environment

🏛️ Government 🏖️ Daily Life#economic-activity+3 more

Maria da Graça Carvalho listened to their laments and consoled the traders whose businesses were destroyed.

Correio da Manhã31 Jan

Traders in Alcácer do Sal report their despair to the Minister for the Environment

AICEP contracted a record €3.6 billion in investments in 2025

💶 Finance 🏛️ Government 💼 Work#economic-activity+3 more

Portugal attracted €3.58 billion in major investment projects in 2025, a new record, according to data released by the Government this Tuesday in Sines. These investments contracted by AICEP last year were supported with €803 million. On Tuesday the drafts of the investment contracts, which had been approved, were signed ...

ECO20 Jan

AICEP contracted a record €3.6 billion in investments in 2025

Development Bank says Portugal will bolster bid for AI gigafactory

💡 Technology 💶 Finance 🚇 Infrastructure#economic-activity+3 more

The president of the Development Bank said today that Portugal’s bid for an Artificial Intelligence (AI) gigafactory in Sines will be strengthened, including through increased planned investment, as he believes this will raise the chances of winning the competition run by the European Commission.

RTP Notícias16 Jan

Development Bank says Portugal will bolster bid for AI gigafactory

10:00. Galp and Moeve: Government says it is monitoring the situation

🚇 Infrastructure 🏛️ Government 💶 Finance#economic-activity+3 more

It is an agreement that could lead the Sines refinery to join a joint venture. Also in this bulletin: the campaign for the presidential election and Donald Trump's threats to Iran.

Observador14 Jan

10:00. Galp and Moeve: Government says it is monitoring the situation

Sines: Start Campus moves forward in February with second building

💡 Technology 💼 Work 💶 Finance#economic-activity+3 more

The new building was designed to accommodate complex tasks related to Artificial Intelligence, meeting the operational needs of clients 'across Europe'.

Observador13 Jan

Sines: Start Campus moves forward in February with second building

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