AICEP
Agência para o Investimento e Comércio Externo de Portugal

Culminating a year of jam-packed roadshows across the world, Med-Tech World Summit Malta aims to connect the global digital health and med-tech industries, nurturing an impeccable environment for sharing of knowledge, opportunities and new business relations.

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A Swedish-Ukrainian IT company has just opened two offices in Lisbon.

"After results attributable to non-controlling interests, net profit was €48 million at the end of the first half, an increase of 20.6% compared to the same period in 2021," said the company.

Lidl Portugal's CEO also announced that the company is planning to create around 120 new jobs, a number that excludes in-store recruitment.

Unicorn founded by Tiago Paiva speaks of a "one digit percentage impact on the number of employees worldwide."

Nexar has signed "an agreement to acquire Veniam, the Portuguese technology-based startup that is at the forefront of intelligent networking software for the Internet of Moving Things."

Autohellas grows its international portfolio with acquisition of “HR Automoveis”, the Hertz Franchisee Partner in Portugal. Autohellas has (August 1, 2022) entered into a binding agreement for the acquisition of 85.60% (plus 4.4% Treasury Shares, totalling 90%) of the share capital of Portuguese company HR Aluguer de Automóveis S.A. (HR Automóveis), the franchisee partner of Hertz International in Portugal, at a consideration of €31,500,000.

From September 20th to 23rd, Fenabel will be present at the Habitat Valencia Fair, in another special edition, in the year that Valencia is World Capital of Design and Fenabel’s 30th anniversary is celebrated.

The Aveiro-based company enters third market less than a month after arriving in Spain.

Definition of startup, stock-options or financing are issues in the process of being resolved. Later this year, the startup ecosystem should see the birth of a new law.

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International trade gained pace between April and June, according to INE. Exports rose by 31.2%, while imports rose by 39.4%.

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Completing two decades, Sigma Software already has over 20 workers in Portugal, divided between Lisbon and Cascais.

Tecnologia da The Reef Company serve de abrigo para a vida marinha e recolhe dados marítimos para posterior estudo. Comporta, Cascais e Madeira foram os locais escolhidos para a implantação dos primeiros "eco recifes".

Portuguese fish is becoming increasingly popular, with Michelin-starred international chefs including them in their dishes.

The Navigator Company and Hamburg-based developer P2X-Europe have decided, subject to the approval of the relevant anti-trust authorities, to create a unique and powerful joint venture, P2XPortugal, to develop a world-class production facility for industrial-scale production of non-fossil jet fuels or e-SAFs (e-Sustainable Aviation Fuels) – carbon-neutral synthetic kerosene, based on green hydrogen and biogenic CO2.

Corticeira Amorim has launched a new underlayment containing Nike Grind materials.  The underlayment Go4cork Blend with Nike Grind is made from materials that combine cork and manufacturing scrap from the footwear industry.

Alentejo offers some of the most evocative natural scenery in Europe: cork forests, olive groves, fields of sunflowers and patches of big round top pines, occasionally punctuated by fortified hill towns. This wild and historic region combines grand Roman and Moorish ruins with medieval dwellings, whitewashed villages and baroque cities such as Évora and Portalegre.

The Portuguese Company AP – Bridge Construction Systems has signed the contract for building the Viaduct of Arrazola deck, which is the High-Speed Train (HST) viaduct with larger spans ever built with this construction method in Spain and Western Europe.

The solar panel plant located in Tábua covers an area of approximately 90 hectares, with an installed power of 48 megawatts.

Prepared by Akin Gump Strauss Hauer & Feld and PLMJ, the white paper describes Portugal as a welcoming hub for large international technology companies and hyperscalers.

In addition to the railway line, the project includes 19 railway stations, five maintenance yards and workshops, 34 railway bridges, 80 road overpasses and nine road subways.

Portuguese Certif and British Cares sign agreement for faster and less expensive access to UKCA marking on construction products, which by 2023 will replace European CE certification in the UK.

EY published "Portugal, the comfort zone to deal with uncertainty?”, a study on Portugal’s attractiveness. This study includes an article by Luís Castro Henriques, chairman and CEO of AICEP.

According to a statement from Angola's transport ministry, the Mota-Engil/Trafigua/Vecturis consortium has won the Lobito corridor concession in Angola for a total of US$100 million.

The Portuguese company acquired the companies Bouchons Abel and Legnokaps for a total of €8 million.

The Swedish-Ukrainian technology company Sigma Software has opened an office in Cascais, which at this stage will employ around 15 people.

The german software and consulting company, Seven Principles, is opening an office in Porto and expanding its presence within Europe. The new location supports its mission to deliver innovative IT solutions and accompany clients in their digital transformation.

The Mobility Lab will contribute to leveraging Portugal's position at the top of the sustainable mobility value chain and transforming the country into a reference in safe autonomous driving and sustainable transport worldwide.

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World's largest crypto-active platform is still awaiting a license from the Bank of Portugal to provide its services, but has already opened four job vacancies in Lisbon, including for country lead.

Founded in 2015, NextBITT also plans to "strengthen its research and development capacity and reinforce its team, nationally and internationally."

Alexandre Vaz, ex-Mercedes-Benz.io, has a new project: JAy! He wants to help corporate clients make a digital transformation and create digital hubs in Portugal.

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Brussels accepted an agreement with Portugal for cohesion policy funds and maritime affairs, fisheries and aquaculture, worth €23 billion.

Lisbon ranks alongside destinations such as the Canary Islands, Bali, the Caribbean, Buenos Aires, Dubai and Malta.

Only the Czech Republic surpasses Portugal in this regard, according to the latest Savills "impact" study.

Palmela plant revises its production forecast for 2022, increasing from 200,000 to 230,000 vehicles.

Google's first physical store in the world, whose furniture includes Portuguese cork, won top prize in the Environmental Impact category of the NYCxDESIGN Awards 2022. Developed by Reddymade - the New York City based architecture and interior design practice, the cork furniture was produced by American designer, Daniel Michalik.

Corticeira Amorim won the top prize in the «Wine products industry» category of the World Finance Magazine Sustainability Awards.

The deficit of trade balance in goods increased by €976 million when compared with May 2021, to a total amount of €2,421 million.

The Portuguese Automobile Association (ACAP) announced that 157,121 vehicles left the Portuguese assembly plants in the first half of this year, an increase of 3.2% compared to last year.

The renewable energy company surpassed the €1 billion barrier in market value, on the day the new shares from the capital increase went public.

The group that employs 1,800 people is revolutionising its main industrial area.

According to the property consultancy CBRE, investment in commercial property in Portugal totalled €325 million in the second quarter of the year.

The hotel in Angola is due to open on July 15, and around 100 recently hired staff are currently being trained.

The app that facilitates electric vehicle charging will be available in 3,000 Spanish charging stations by the end of this year.

INE reported on Thursday that Portugal received 9.6 million non-resident tourists in 2021, a growth of 48.4% compared to 2020.

With the new headquarters, which involved an investment of €500,000, the company plans to reach 400 employees in Portugal by the end of 2022.

Felino S.A. will be, once again, at " ESEF Maakindustrie Utrecht 2022”, Netherlands, the foremost exhibition in the field of industrial subcontracting, which takes place from 30^th August until 3^rd September 2022 in Utrecht.

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Dynatos partners with the Portuguese technology provider IDW2 and widens activities in IBERIA. With the partnership in Portugal, Dynatos takes a next step in bringing finance and procurement transformation to Iberia.

Cork campaign's inaugural virtual seminar for retailers around the country proves that entry level wines can be sustainable, combining efforts both in the vineyard and with packaging choices.

As one of the safest and most economically stable countries in Europe, Portugal has, for a long time, been a destination of choice for real estate investors. Now with new rules in place which broaden access to include popular islands such as Madeira and Azores, there has never been a better time to explore a Golden Visa.

Greece in Figures | April - June 2022.

Portugal | Latest Key Developments - June 2022.

An interview with Carlos Costa Neves, Ambassador of Portugal to Iran, published by TRENDS Magazine..

Pandora has announced the purchase of the Pandora sales network run by its distribution company in Portugal.

Portugal is getting ready for its biggest air how in the region—the Portugal Air Summit 2022 to be held at Ponte de Sor.

With the publication Living Conditions in Greece, the Hellenic Statistical Authority(ELSTAT) provides to users significant statistical data reflecting living conditions in Greece, concentrated in one publication.

After a deep pandemic-induced recession, the Portuguese economy gained ground in 2021 and GDP surpassed its pre-pandemic level in the first quarter of 2022.

President Muhammadu Buhari’s state visit to Lisbon, Portugal, is expected to lead to the acceleration of the nation’s economic growth, securing the country, attracting investment and creating jobs.

Luminate Medical, a Portuguese-Irish health start up that develops medical devices that eliminate the side effects of cancer treatment –​​such as hair loss caused by chemotherapy, has secured €2.8 million in seed investment.

Poet Natália Correia, singer Amália Rodrigues, lenços de namorado do Minho embroidered with messages of love. For Resort 2023, the brand put on a show in Lisbon at the Calouste Gulbenkian Foundation between homages to local tradition and new sensuality. «A flame hidden under the embers,» Creative Director Ian Griffiths told MF.

Following Antitrust Approval, the Technology Provider has effected the acquisition of the Distribution Division of JP Sá Couto, SA. Being one of the largest players in Portugal with its Total Addressable Market of 1.5 billion , the company will operate as jp.di, powered by ALSO from 4. July onwards.

Gaming Innovation Group Inc. (GiG) has signed an agreement with a brand new partner Caravel Entertainment Limited (Caravel), best known for operating the ‘Moosh’ brand in Portugal, to provide its award winning sportsbook and platform.

As part of Anantara’s strategic expansion across Europe, Anantara Royal Vila Viçosa will launch in 2024 as the second Anantara property in Portugal.

Portugal's capital, which is not a newcomer to this Monocle magazine ranking, climbed to third place. The low levels of pollution and the entrepreneurial spirit weighed in Lisbon's position.

The Commission has today adopted the “2022 Strategic Foresight Report – “Twinning the green and digital transitions in the new geopolitical context”. 

An outlook of a booming hotel market & the opportunities offered for

Portuguese exporters.

ERA Portugal points out that there are more and more Germans, French and Belgians are embracing the Azores.

According to the ATA, there will be 10 connections this summer, the result of a partnership between Portugal's Tourism Office, ANA Aeroportos - Vinci Group, NAV Portugal and the Azores' government.

Portugal's geographical location and skilled labour force represents a clear advantage when compared to countries in other continents.

President Muhammadu Buhari says he has created a dedicated Portugal Working Group headed by the minister of industry, trade and investment to address special areas of concerns by investors.

Portugal: Selected Issues. IMF Executive Board Concludes 2022 Article IV Consultation with Portugal.

FITECOM has on display its latest collection, Autumn/Winter 2023/2024, at PRECO, from 29^th to 30^th of June and 1^st July 2022, at Galerie Joseph in Paris.

The Portuguese platform currently employs 12 people. It wants to double its team in the next two years.

Enterprise Greece Newsletter | June 2022

António Costa set the goal on Monday of achieving ten gigawatts of ocean renewable energy capacity by 2030 and doubling the number of startups in the blue economy.

The company reports the "award of a contract in Guinea worth €128.8 million" to "its subsidiary for the Africa region", for works relating to the June 2025 AFCON finals.

Startup will use investment funds to develop its augmented worker solution, expand the team, getting ready for growth stage.

"The ocean connects us all. Sadly, we have taken the ocean for granted, and today we face what I would call an ‘Ocean Emergency’.” See the highlights of day 1 to help you explore more about the Conference.

TECH5, an innovator in the field of biometrics and digital identity management, has opened a new R&D center, located in Portugal, that will bolster the main R&D center of the company in the USA, and will be dedicated to the research and development of biometric algorithms for all three biometric modalities - face, fingerprint and iris.

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Amorim Cork Flooring promoted the advertising campaign “Walk on Amazing”, that is present on the Internet, points of sale and involves various brand activation initiatives, to demonstrate the benefits associated with a cork-based flooring solution, a material that has also naturally evolved over time.

Amorim News - The (almost) perfect world is made of cork! - YEAR 2022 Nº1

Ocean Winds, a joint venture between Portugal's main utility EDP (EDP.LS) with French company Engie (ENGIE.PA), plans to invest 3 billion euros ($3.15 billion) to develop offshore wind projects by 2025, the chief executive of EDP told Reuters on Thursday.

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"Shield is a fast growing company. Portugal is one of our strategic initiatives for the coming years," said Ofir Shabtai, co-founder and CTO of the company.

The Portuguese startup wants to strengthen its team in the Iberian market. It intends to double, from 15 to 30, the number of employees by the end of the year.

Avenga, a German engineering and IT consulting platform, is opening a new delivery centre in Porto, mainly to serve its European and North American clients.

Dairy based in Mangualde renews the BRC Certification obtained in 2021, remaining the sole dairy in Portugal with the most demanding certification in the Food Industry.

After the launch of a research and development (R&D) hub in Porto last year, the leading technology company TeamViewer, global provider of remote connectivity and workplace digitalization solutions, reinforces its presence in Portugal by moving into a new modern office in Porto.

COSEC is the leading insurer in Portugal in the Credit and surety branches, offering the best solutions to support the management and control of credits in the domestic and foreign markets.

Wines of Portugal will be participating in the next edition of the WPT Tasting in Frankfurt, to be held in Frankfurt on June 27, 2022.

With the aim of identifying new business opportunities for producers, with and without distribution in Angola, Wines of Portugal will organize the Great Tasting of Wines of Portugal in Luanda. This tasting is aimed at 300 people including local professionals, consumers, opinion leaders and local and national media.

Vision-Box, a global industry leader in biometric recognition, digital identity, and seamless travel management, has unveiled its latest solution built upon a new generation of biometric technology set to transform the travel experience: Seamless Kiosk – The New Generation of Biometric Technology.