Portugal news - In recent years, Portugal has emerged as a dynamic and attractive startup destination. With a supportive government, a growing talent pool, and a high quality of life, the country offers numerous opportunities for entrepreneurs, leading to over 4,000 startups and scale-ups calling Portugal home.   The video game and tech industries are particularly thriving in Portugal, but the nation's impact on the global games industry is seriously overlooked. Figures from Portugal’s Trade and Investment Agency, AICEP Portugal Global, show the country’s video game industry is expected to reach revenues of around $258 million in 2024 , with an annual growth rate exceeding 11% by 2027.   The country has a growing number of successful game studios and tech companies, with Madeira-based cluster eGames Lab leading the way in fostering innovation within the space. From augmented reality changing how football fans watch live games to applying entertainment and gamification to recycling and waste management to better protect the planet, eGames Lab is leading the way in fostering innovation within the space.   The unique nature of video games in this context is their ability to bring together people and researchers from many different areas and backgrounds. This is where eGames Lab has curated collaborations between 22 private and public entities, bringing together a scientific board of over 60 academic professionals (that includes 18 PhDs, 14 MScs, and 12 post-docs) from multiple countries – including Portugal, Brazil, and Canada.   The consortium has support from games industry giants such as Sony PlayStation, Amazon’s AWS, and Alienware, as well as famed educational institutions like Carnegie-Mellon University in the US and New Zealand’s University of Canterbury.   How these entities can come together showcases the opportunities for gaming startups in Portugal. Through the support of a partner such as eGames Lab, which has already created 112 jobs and invested almost €30 million into the industry, startups can grow at a local and international level. "Portugal is fast becoming a hub for gaming innovation and growth, with a talented workforce, and a collaborative ecosystem that brings together global industry leaders and academic excellence,” says Cláudio Pestana, Project Manager at eGames Lab. “The success of eGames Lab, in particular, exposes the potential for startups to thrive locally while reaching international markets. With our strategic partnerships and investment in talent we are investing in shaping the future of gaming." #portugalnews #newsportugal #newsgamingcompaniesportugal #opportunitiesforgamingstartupsinportugal #gamingindustryportugal #AICEPPortugalGlobal #eGamesLab #gamingcompaniesportugal #gamingstartupsportugal

Portugal news - Who are the Top 10 Portuguese football players & what is their market value in 2023? According to German website Transfermarkt, Portuguese footballers are the 7th most valuable in the world, with an average value of 4.2 million Euros. Here are the Top 10 Portuguese football players & their market value in 2023: While the most valuable football players in the world are in England, France and Brazil, Rafael Leão is the most valuable football player in Portugal as he is worth €90 million in 2023. Rafael Alexandre da Conceição Leão is a Portuguese professional footballer who plays as a forward for Serie A club AC Milan and the Portugal national team. The second most valuable footballer of Portuguese nationality is Bernardo Mota Veiga de Carvalho e Silva who is worth € 80 million in 2023. He plays as an attacking midfielder or winger for Premier League club Manchester City FC and the Portugal national football team. The third most valuable Portuguese footballer is Rúben dos Santos Gato Alves Dias, who is worth € 80 million in 2023. He plays for Premier League club Manchester City FC and the Portugal national football team. The most famous Portuguese player, Cristiano Ronaldo, is the 37th most valuable footballer according to Transfermarkt, with a market value of € 15 million in 2023. Cristiano Ronaldo dos Santos Aveiro plays as a forward and captain both for the Saudi Pro League Al-Nassr Football Club and the Portugal national football team. #portugalnews #portugalfootballnews #portuguesefootballplayers #top10portuguesesoccerplayers #whoaretheTop10Portuguesefootballplayersin2023 #whatisthemarketvalueoftheTop10Portuguesefootballplayersin2023 #Transfermarkt #RafaelLeão #BernardoSilva #RubenDias #ACMilan #ManchesterCityFC #PortugueseFootballFederation #Portugalnationalfootballteam # FederaçãoPortuguesadeFutebol #CristianoRonaldo #AlNassrFootballClub

Portugal real estate news – This is the property market outlook for Portugal showing the house prices in 2023 and the real estate market trend for 2024. What are the Portugal house prices in 2023? Portugal house prices have almost doubled between 2010 and 2023, and the upwards trend in property prices in Portugal is opposed to the fall in house prices in other EU countries that have been affected by rising bank loan interest rates. While the ECB interest rate policy has affected negatively most EU countries, house prices in Portugal have been increasing at a fast pace. “As a result, housing prices decreased in many eurozone countries between the third quarter of 2022 and the second quarter of 2023, but they still increased in Portugal, unlike most other countries”, notes Eric Dor, the director of Economic Studies at IESEG. What is the real estate market trend in Portugal for 2024? The real estate market trend in Portugal shows an exponential increase in house prices compared to other EU countries. House prices in Portugal have increased by 95.5% between 2010 and 2023, compared to a 79% increase in Germany, a 46.7% increase in the Netherlands, a 33% increase in France, and a 0.9% increase in Spain according to the IESEG School of Management. The huge increase in house prices in Portugal compared to other EU countries seems to be concentrated on existing properties rather than on new developments, according to data from Eurostat. The average price of new homes increased by 3.8% in Portugal between 2010 and 2023, compared to 1.7% in the Netherlands and 0.5% in France and a decrease of 5.8% in Germany. House prices in Portugal have increased at a much higher rate compared to other EU countries and it may be due to the special tax regime for non-habitual residents. However, this tax regime is ending at the end of 2023 and this may have an impact on house prices in 2024. The governor of the Bank of Portugal has however stated that he is not completely convinced that programs such as the non-habitual resident tax regime are the cause of the significant increase in house prices in Portugal. It is therefore expected that house prices in Portugal will continue rising, though at a slower pace, in 2024 with the end of the special tax regime for foreign residents. #portugalnews #newsportugal #portugalrealestatenews #propertynewsportugal #whatistherealestatemarkettrendinportugalfor2024 #whatisthepropertymarketoutlookforportugalin2023 #whatistherealestatemarkettrendinportugalfor2024 #whataretheportugalhousepricesin2023 #willhousepricesinportugalcontinuerisingin2024 #willpropertypricesinportugalriseorfallin2024

Portugal travel news – Portugal has registered historic highs in monthly passenger numbers since the beginning of 2023. Here are Portugal’s Top 5 travel markets and inbound travel destinations:   Between January and October 2023, the number of air passengers in Portugal increased by 20.6% compared to the same period in 2022. Just for the month of October 2023, Portugal received a total of 6.4 million passengers. In October, the daily average of inbound air passengers was around 101,000 passengers, that is +11.6% higher than in October 2022, according to Portugal’s statistics office INE.     Here are Portugal’s Top 5 travel markets: 1 – The UK The United Kingdom is Portugal’s No. 1 air travel market both for inbound and outbound flights, registering a growth of 17.5% in the number of incoming passengers and of 17.6% in the number of outgoing passengers, compared to the same period in 2022.   2 – France France is Portugal’s No. 2 market, both for inbound and outbound flights, registering a growth of 20% in the number of incoming passengers and 20.3% in the number of outgoing passengers, compared to the same period in 2022.   3 – Spain Spain ranks No. 3 market for air travel both for inbound and outbound flights, registering a growth of 35.3% in the number of incoming passengers and 34.8% in the number of outgoing passengers, compared to the same period in 2022.   4 – Germany Germany ranks No. 4 market both for inbound and outbound flights, registering a growth of 9.2% in the number of incoming passengers and 9.53% in the number of outgoing passengers, compared to the same period in 2022.   5 – Italy Italy ranks No. 5 market both for inbound and outbound flights, registering a growth of 34.1% in the number of incoming passengers and 33.7% in the number of outgoing passengers, compared to the same period in 2022.     Here are Portugal’s Top inbound travel destinations: 1 - Lisbon Lisbon airport handled 49.0% of total passengers, that is 28.7 million people, between January – October 2023. The number of passengers has grown 21.3% when compared to the same period in 2022.   2 – Porto Porto airport handled 22.4% of total passengers between January – October 2023. The number of passengers has grown 21.9% when compared to the same period in 2022.   3 – Faro in the Algarve Faro airport in the Algarve handled 22.4% of total passengers between January – October 2023. The number of passengers has grown 18.3% when compared to the same period in 2022. #portugalnews #newsportugal #travelnewsportugal #p ortugalsTop5travelmarkets #p ortugalstopinboundtraveldestinations #numberofairpassengersportugal2023 #INE

Portugal luxury brands news – Portuguese fashion brand Salsa Jeans is conquering the Turkish market through a partnership with Boyner Grup, one of the main retail groups in Türkiye. The Portuguese brand Salsa Jeans will be present in Boyner stores, that is a multi-brand fashion and sports chain with 105 stores in 36 Turkish cities. The luxury fashion brand Salsa Jeans produces the best fitting jeanswear for all body types, with denim being the core business. Open since 1994, the company has won multiple awards in the field of innovation. Salsa Jeans, that is part of the SONAE group and is present in more than 35 countries, is now successfully exporting its brand to Türkiye, thus boosting exports and reaching new markets. #portugalnews #newsportugal #brandsnewsportugaql #luxurybrandsportugal #SalsaJeans #BoynerGrup

Portugal news - The US ranks Number 1 market for tourism in Lisbon, according to ABC News.   American tourists are flocking to Portugal and US tourism in Portugal has grown by more than 16%.  North Americans are already the main tourism market for Lisbon’s hotel sector.   Good Morning America on ABC News featured the reasons why Portugal is trending as a tourism destination for Americans. According to reporter Robin Roberts, Portugal is seeing record numbers of American tourists, with figures reaching 2 million tourists from the US in 2023.   According to ABC News, Americans are going to Portugal because of its natural beauties, with so much to see and do, a country full of history, with impressive landmarks such as the Pena Palace in Sintra, great architecture, trending cities including Lisbon and Porto, pristine beaches in the south and even the Douro wine region in the north.   North American tourists represent the fourth largest source of income for hotels in Portugal as a whole and the US tourism market is growing exponentially in 2024. Moreover, an increasing number of North Americans, currently around 10,000, chose to live in Portugal.   The love story of Americans with Portugal is felt in the movie Poor Things with Emma Stone where the soulful Fado music by Portuguese singer Carminho is like a siren’s song attracting more and more tourists from the US to Portugal’s pristine shores.       Watch the video on US tourism in Portugal by Good Morning America: #portugalnews #newsportugal #tourismnewsportugal #americantouristsinpourtugal #UStourismportugal #whyareamericansgoingtoportugal #videoamericantourisminportugal

Portugal news - Portuguese startup Azitek ranks in the Top Indoor Location Markets globally, according to a new report by MarketsandMarkets.   Azitek is a startup based in Porto, Portugal, specializing in proprietary RFID systems with high-accuracy technology.  The innovative system combines long-range tracking with precision capabilities, utilizing cost-effective and long-life tags to deliver unparalleled asset visibility and unlock new applications beyond traditional RFID.   Azitek completed a 750,000 euros funding round led by Beta Capital, in co-investment with Portugal Ventures as the initial investor and Cedrus Capital in June 2024, bringing the capital raised by the Portuguese startup incubated at UPTEC in Porto to over €1 million.   The Indoor Location Market is projected to grow from USD 11.9 billion in 2024 to USD 31.4 billion by 2029, at a CAGR of 21.4% during the forecast period, according to a new report by MarketsandMarkets™. The indoor location market is predicted to grow quickly due to the demand for indoor positioning systems including navigation and asset tracking services. Various retail stores integrate beacons and Wi-Fi with in-store signage systems that give customers the remote control to decide what product information or details they want to see.   MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. It provides growth consulting and program management solutions, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space.     Here is the list of Top Companies in the Indoor Location Market globally:   1 - Zebra Technologies (US), 2 - Cisco (US), 3 - Google (US), 4 - Microsoft (US), 5 - HPE (US), 6 - Apple (US), 7 - Esri (US), 8 - Acuity Brands (US), 9 - Inpixon (US), 10 - HERE Technologies (US), 11 - HID Global (US), 12 - CenTrak (US), 13 - Sonitor (Norway), 14 - Ubisense (UK), 15 - infsoft (Germany), 16 - Polaris Wireless (US), 17 - Quuppa (Finland), 18 - Securitas Healthcare (US), 19 - Navigine (US), 20 - Blueiot (China), 21 - Kontakt.io (US), 22 - AiRISTA (US), 23 - InnerSpace (Canada), 24 - Syook (India), 25 - Oriient (Israel), 26 - Navenio (England), 27 - Situm (Spain), 28 - Pozyx (Belgium), 29 - Azitek (Portugal) , 30 - Mapxus (China). #portugalnews #newsportugal #startupnewsportugal #IndoorLocationMarket #assettrackingservices #Azitek #MarketsandMarkets #RFIDsystemsportugal #BetaCapital #PortugalVentures #CedrusCapital #UPTEC #topcompaniesintheindoorlocationmarket #investmentnewsportugal

Portugal news - The US is close to becoming Portugal’s No 1 source market for tourism since Portugal is now a favorite destination for American tourists.   Portugal has become such a popular destination for American tourists that the US is close to overtaking the United Kingdom as Portugal’s No 1 source market.   Portugal received over 1 million American tourists just for the first half of 2024.  The popularity of Portugal as a destination for American tourists is confirmed by data from the Statistics office that shows a 15% increase in the number of tourists from the US for the first 6 months of 2024 compared to the same period the previous year.   For the first 6 months of 2024, Portugal received 1.2 million British tourists, that is only 119,000 more tourists than from the United States.  Since the increase in the number of tourists from the UK is only of 6% compared to the same period in 2023, it is safe to assume that the USA will soon become the No. 1 market for tourists visiting Portugal.   The number of American tourists in Portugal has almost doubled in the space of two years, rising from 584,700 in the first half of 2022 to over a million tourists.   The US already ranks Number 1 market  for tourism in Lisbon.   However, in terms of overnight stays, the US is Portugal’s fifth largest market with 2.35 million overnight stays in the first half of 2024, behind the UK, Germany, Spain and France.   Portugal’s tourism industry is growing steadily according to figures from the statistics office, INE, that reveals that 14.4 million tourists visited the country during the first half of 2024, that represents a 5.6% growth compared to the same period the previous year. #portugalnews #newsportugal #tourismnewsportugal #americantouristsinportugal #sourcemarketsfortourisminportugal #populardestinationsforamericantourists #numberofamericantouristsinportugal

Portugal news - Portuguese sourcing company Topbrands is set to expand to 9 new markets to increase sales from 6.9 million euros to reach 20 million euros by 2026.   Topbrands is a product sourcing company that sells mainly to hypermarket chains globally, reaching several million customers daily in over 2,000 stores.   Portuguese product sourcing company Topbrands, that reached a turnover of 6.9 million euros in 2023, is expecting to reach 10 million euros in turnover in 2024 due to its internationalization.   The company’s internationalization strategy is to take advantage of its connections with hypermarkets it works with on the national market, such as Pingo Doce, Auchan, Intermarché, Worten, FNAC, Continente, Aldi, Biedronka, and Alcampo to reproduce the business model internationally.   The Portuguese product sourcing company started its internationalization process in Angola, and is now set to export to Poland, Romania, Morocco, France, Germany, Belgium, the Netherlands, Cyprus and Mozambique in the short to medium term.   In Angola, a contract with the Arreiou chain has led to an export market with 300 stores, for the sale of products for the Christmas season, including toys and games, according to João Saramago Tavares, CEO of Topbrands.   Since the product sourcing company provides not only procurement and global sourcing services, but also warehousing, handling and transport, Topbrands plans to invest six million euros in a new space measuring 1,500 m2 and in a second one measuring 12,000 m2, both in the district of Setúbal.  The construction, that will be in four phases over five years, will lead to an increase in production area from 500 m2 to 2,000 m2.   The new Topbrands facilities in Setúbal will include around 15,000 m2 of green spaces for leisure and physical activity, to promote life-work balance for the 85 people who will be employed to work there.   #portugalnews #newsportugal #investmentnewsportugal #portugueseexports #productsourcingcompanyportugal #TopBrands

Portugal news – If you are looking for love on the Iberian continent, simply place an upside-down pineapple in a supermarket trolley in a Mercadona supermarket and go straight to the wine aisle… If somebody bumbs into your trolley, you have a match!   Just like on dating apps like Tinder, the new trend that originated in Spain is simple, for singles can share what they are looking for: If it is a fling - there will be sweets or chocolates in the cart, but if it there are vegetables in the cart, this is a sure sign that that the person is looking for a serious relationship…     And that's not all, as the most daring can show that they are interested in someone by placing a container of gazpacho in the target's cart as if it were a mistake. This means that the person is looking for something more casual, but if the person places vegetables in your cart, this is a sure sign that they are looking for a serious relationship!   This innovative dating ritual originated in a video that went viral on TikTok, showing two young women discovering the “right” time to go to Mercadona in search of love: between 7pm and 8pm. From then on, hundreds of people started testing the theory, and social media was filled with stories and memes about this new way of flirting.   According to some reports, the phenomenon has become so popular that some stores are already selling out of pineapples by the end of the afternoon! So, if you are pining for the apple of your eye, head out to the nearest Mercadona supermarket at 7 pm to meet your match and come back to us to share your story!   If you place an upside down pineapple in a trolley in Mercadona, you have a match, but you will pine for Portugal Business News for a meaningful relationship!     #portugalnews #newsportugal #datingnewsportugal #upsidedownpineappleinasupermarkettrolley #datingnews

Portugal news – Production in Portugal's automotive industry ramped up in August with an increase of 8.3%, compared to the same period in 2023. The type of vehicles produced in Portugal in August were distributed in 8,701 passenger cars, 3,818 light goods vehicles and 55 heavy vehicles.   Data related only to the assembly of motor vehicles in Portugal from January to August 2024, shows a growth of 74.6% for the assembly of heavy vehicles compared to the same period in 2023, representing 199 vehicles assembled in 2024, according to ACAP. During the first eight months of 2024, only heavy passenger vehicles were assembled in Portugal.   With car exports increasing, what are the main markets of Portugal's automotive industry?     Here are the Top 4 export markets of Portugal's automotive industry: 1 – Germany While Europe is the main regional market for Portugal's automotive industry, Germany ranks No 1 market for automotive exports from Portugal with 23.3%. 2 – Italy Italy ranks 2nd main market for automotive exports from Portugal with 13.4%.   3 – France France ranks 3rd main market for automotive exports from Portugal with 11.2%.   4 – Spain Spain ranks 4th main market for automotive exports from Portugal with 9.2%. #portugalnews #newsportugal #newsautomotivesectorportugal #automotiveexportsportugal #mainmarketsofportugalsautomotiveindustry #exportsofvehiclesfromportugal #mainexportmarketsforvehiclesfromportugal

Portugal news – The Top 4 Marketing Trends in Portugal in 2024 are revealed in a new Marketing Barometer published by The Portuguese Association of Marketing Professionals (APPM).     Top 4 Marketing Trends in Portugal in 2024 1 - Artificial Intelligence Artificial Intelligence is the main marketing trend in Portugal, mentioned by 94% of participants in the study, reflecting the accelerated adaptation to new technologies. 2 – Sustainability Sustainability is a major priority for the future, with a large number of companies investing in ESG (Environmental, Social, and Governance) metrics in their strategies. 3 - Digital Marketing The main Digital Marketing strategies currently used in Portugal are: 1 - Social Networks 2 - Content Marketing 3 - Traditional Advertising 4 - Collaborations between Companies, Agencies and Freelancers  – these are becoming a common and highly effective practice 5 - SEO (Search Engine Optimization) 6 - E-mail Marketing   4 - Customer Experience Management The main marketing challenges highlighted by Portuguese companies are: 1 - Customer Attraction, Acquisition and Retention 2 - Overcoming technological and creative challenges   These marketing challenges reflect the growing competitiveness of the Portuguese market and the need for constant innovation to capture attention and maintain customer loyalty. #portugalnews #newsportugal #marketingnewsportugal #businessandproductivityportugal #marketingtrendsinportugalin2024 #portugueseassociationofmarketingprofessionals