Business News

ENERGIAS DE Portugal (EDP) has acquired a major Spanish gas distribution company. Following a deal with Iniciativas Emeritenses, S.A. y Extremadura 2000 de Gas, S.A., Gas Mérida was bought by

WORLD LEADING orange juice producer, Brazilian group Sucocítrico Cutrale, has bought Silves-based Lara-Laranja do Algarve Lda. The company is not confirming the deal but reports in the Portuguese media state

BRODHEIM GROUP has opened a department store at Lisbon Airport following an investment of 350,000 euros. The store covers 190 square metres and includes Furla, Burberry’s, Under Colors of Benetton,

LARGE RETAIL and real estate businesses are still applying to build in Portimão, with six new commercial centres planned for the county, covering an area equivalent to the size of

QUINTA DO Serrado, a hotel on Porto Santo island in Madeira, which was bought and refurbished by a Portuguese businessman in February, has re-opened to the public. This new four-star

WINE SALES in Portugal are expected to fall this year, compared to 2007, because people are consuming less red wine and opting to buy cheaper products. João Machado, president of

LISBON is hosting a technology exhibition at Feira Internacional de Lisboa (FIL),  that aims to demonstrate the country’s development in the high-tech industry. The event, Portugal Tecnológico, runs from November

TWO LEADING Algarve retailers have announced summer sales. Zonda barbecue and supplies shop, near Quatro Estradas crossroads towards Albufeira, is holding a sale with up to 30 per cent off

A PORTUGUESE cheese has been praised by the American magazine Wine Spectator as one of the best in the world from a list of 100 cheeses from 11 countries. Classified