Algarve reaches highest number of businesses since 2008
Algarve is home to 6.2% of all companies in Portugal The Algarve’s business sector reached a milestone at the end of 2023 with 94,476 companies, the highest number recorded since
Faro approves 2025 budget with record €48 million investment
Nearly half of the budget is going into roadworks Faro’s municipal budget for 2025 has been approved with a record of nearly €50 million in investments planned. Major investment projects
World Talents: bringing global entrepreneurs, innovation and startups to Algarve
Since it was founded in 2021, the World Talents platform based at the University of Algarve’s business incubator in Faro has already secured €2.8 million in investment – and it
Glitz and Glamour at the Conrad this Christmas
“A Night at the Palace” is the theme the five-star hotel chose to celebrate Christmas and the New Year with spectacular dining experiences. Preparations are underway at the Conrad Algarve
New €60 million luxury resort announced for Algarve’s Meia Praia
Another major hospitality investment is being made in the Algarve Sonae Sierra and PGIM Real Estate are investing over €60 million in a new luxury resort in Meia Praia, Lagos, scheduled
Government recognises “public interest” of Alcoutim-Sanlúcar de Guadiana bridge project
With this recognition from the government, the project is allowed to build on a section of REN (National Ecological Reserve) land in Alcoutim The construction of the international bridge linking
Portimão unveils new ‘green lung’ in town centre
“This is possibly the only garden built in the centre of an Algarve town in the last 50 years,” says mayor Álvaro Bila A new urban green space was unveiled
Water highway from Alqueva to Algarve ‘under consideration’
Environment minister reveals new plans to protect Algarve from water scarcity The government is studying a water highway from Alqueva reservoir to the Alentejo and Algarve. The plan was revealed
Algarve launches international public tender ‘to boost water supply’
Pomarão Water Intake Solution already being contested through courts Algarve water company ‘Águas do Algarve’ has today launched the international public tender to ‘reinforce the Algarve’s water supply through a
Hotel revenue in Portugal rose 10.6% from January to October
Increases mainly due to ‘non-resident’ overnight stays Total revenue from hotels increased by 10.6% to €5.969 billion until October this year – and revenue from rooms alone grew by 10.7%