International Business News - multilingual  

Portuguese company Coverflex just acquired EatsReady, an Italian company providing digital meal vouchers.

Portugal’s energy grid operator REN will distribute hydrogen under a new agreement signed with Spanish Enagás that operates infrastructure.

Portuguese CaetanoBus sells a fleet of Hydrogen buses to Deutsche Bahn, Germany’s national railway company.

AFP reports that Portugal’s textile sector has a competitive advantage over Asia and clients are now turning to Portugal.

Benetton will move half of its production to the Mediterranean as well as Portugal by the end of 2023, in order to diversify its sourcing.

Financial Times includes Portuguese companies in its FT1000 ranking 2023 of Europe’s Fastest Growing Companies.

US real estate investment and hospitality management firm ‎Highgate is entering the Portuguese market with 18 hotels. ‎

Imvizar has secured €800,000 for its Augmented Reality ‎platform for 4 countries including Portugal, Ireland, the US, ‎and Australia. ‎

EDP will increase capital by EUR 1 B to fund takeover bid for ‎EDP Brazil. ‎

Portuguese pharmaceutical company Bluepharma ‎invested EUR 30 million to produce potent oral drugs in one of the largest units in Europe.

The turnover of Portuguese group Mota-Engil reaches EUR 3.8 billion in 2022, that is an increase of 47% compared to 2021.

Portugal’s exports reached 50% of GDP in 2022.

Portuguese company OLI is selling water-efficient toilets to Qatar.

Portuguese wine Quinta D’Amares Alvarinho 2022 wins the highest distinction in Japan, the Diamond Medal, at the international competition.

Portuguese company Medway is investing EUR 45 million in trains to cross the Pyrenees.

Portugal’s new digital nomads are settling in Lagos in sunny Algarve.

Portuguese company Jerónimo Martins ranks in the Top 100 family businesses globally under the Global Family Business Index.

EDP will invest EUR 24 B in Green Energy by 2025 to reach the target of becoming 100% green.