Portugal news - Portuguese AI startup Rows just raised an additional funding of 1.4 million euros, bringing the capital raised in 2024 to 10 million dollars. This brings the total amount of funding raised by Rows since it was founded in 2017 to around 30 million euros.   The additional funding just raised by Rows is an extension of the last funding round led by Indico Capital in May 2024. This new successful extension funding round was due to additional interest in the main round in May and the shareholders are the same except for funding from a new shareholder, namely Explorer.     There is increased market interest in Portuguese AI startup Rows since Artificial Intelligence is transforming the software sector very quickly and users are becoming increasingly demanding. Since the tech company was founded in 2017, the number of users has been growing rapidly to reach over 1 million.   Spreadsheet software company Rows intends to launch a new AI version in September. Its response time will be more than twice as fast, and it will have the capacity to respond to many more tasks and types of tasks. The software will also be able to maintain a conversation and to change previous requests. #portugalnews #newsportugal #investmentnewsportugal #fundingroundsrows #startuprows #newsportuguesestartups

Portugal news - Portugal’s gold reserves appreciated by 24% in 2024, according to the director of the Faculty of Economics of the University of Porto, Óscar Afonso.     While Portugal’s Central Bank did not purchase any gold in 2024 and the country’s gold reserves amount to around 382.6 tons, the global price of gold has reached historic highs.   Portugal’s gold reserves, that are stored in Lisbon and in London, represented 57.7% of Portugal’s Central Bank investment assets in 2023. They represent a reserve asset as a means of international payment as well as a store of value.     What is the value of Portugal’s gold reserves in 2024? The value of Portugal’s gold reserves reached 27,469 million euros at the end of 2023.  However, the price of gold hit an all-time high in August 2024, trading at $2,531 an ounce.   Portugal has a reserve of 12,303 ounces of gold . Since gold is traded in ounces and the price per ounce of gold reached 2,311 euros in August 2024, Portugal’s gold reserves are worth 28,432 million euros in 2024.   If the value of Portugal’s gold reserves were to be divided by the country’s 10,467,366 inhabitants, it would equate to a value of 2,716 euros per person.  Compared to Spain, which has only 282 tons of gold but 48 million inhabitants, it would only equate to 435 euros per person, according to Portuguese Economist Óscar Afonso.   To summarize, Portugal’s 383 tons of gold reserves are worth more than 28 billion euros in 2024, that represents around 2,716 euros per inhabitant.     What is the appreciation of the value of Portugal’s gold reserves?   In the first eight months of 2024, Portuguese gold reserves appreciated by around 24%, or five billion euros, that equals to a rate of 25 million euros per day, according to the director of the Faculty of Economics of the University of Porto, Óscar Afonso.   The appreciation of the value of Portugal’s 383 tons of gold reserves within the last five years is almost 80%, that is 13 billion euros.     Is Portugal rich in gold reserves? Since Portugal's gold treasury is the 13th largest in the world, the country is considered to be rich when compared to other countries in the European Union.  Portugal has three times more gold than Sweden and Greece, which have a similar population size of just over ten million people. Portugal also has eight times more gold reserves than Finland, an EU country with a Gross Domestic Product (GDP) that is almost equal to Portugal's, that is around 270 billion euros. #portugalnews #newsportugal #investmentnewsportugal #newsportugueseeconomy #whatisthevalueofportugalsgoldreserves #whatistheappreciationofthevalueofportugalsgoldreserves Is #isportugalrichingoldreserves

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Here is the evolution of Portugal’s wealth growth & increase in no of millionaires: Portugal news - Portugal’s wealth growth rate is nearly 50% within the last decade, according to the UBS Global Wealth Report 2024. Portugal ranks 25th country globally with the highest percentage increase in wealth between 2010-2023.   While the countries with the highest increase in wealth globally between 2010 and 2023 are Kazakhstan with 190%, China with 185% and Qatar with 157%, four countries registered a negative wealth growth, namely Spain with -1%, Italy with -4%, Greece with -20%, and Japan with -23%.     What are the trends of Portugal’s wealth growth?   Portugal’s percentage increase in wealth between 2010-2023 is 48%  and the consolidated annual growth rate is 3%.   The evolution of Portugal’s wealth growth rate between 2000-2010 is 127%  and the consolidated annual growth rate is 8%.     What is the forecast for the increase in the number of millionaires in Portugal & globally?   The number of millionaires is US dollars in Portugal in 2023 is 171,797  and the forecast for 2028 is 189,235 .   The expected percentage increase in the number of millionaires in Portugal between 2023 and 2028 is 10%     What is the evolution in average wealth per adult in Portugal?   The evolution in average wealth per adult in Portugal between 2008 and 2023 in local currency is well above 50% , that is just slightly less than Germany.   #portugalnews #newsportugal #newsportugueseeconomy #economicnewsportugal #portugalwealthgrowthrate #increaseinnoofmillionairesportugal #whatarethetrendsofportugalswealthgrowth #forecastinthenumberofmillionairesinportugal #numberofmillionairesinportugal #evolutioninaveragewealthperadultinportugal

Portugal news - What are the best banks in Portugal? Here are the best banks in Portugal in 2024 according to World Finance Magazine, as well as the banks in Portugal that obtained international awards recently:   The World Finance Banking Awards 2024 recognized Santander Private Banking in Portugal as one of the Best Private Banks and Santander as one of the Best Retail Banks globally. In the Best Commercial Banks category, the ranking recognized Banco Finantia in Portugal.      Here is a Portugal Business News article on the safest banks in Portugal based on profitability: What is the best and safest bank in Portugal?     Here are the banks in Portugal that obtained international awards recently: 1 -   Euromoney awards Santander Portugal as Best International Trade Bank   2 - Portuguese bank BPI wins Top SME Innovations in Finance award #portugalnews #newsportugal #investmentnewsportugal #whatarethebestbanksinportugal #safestbanksinportugal #banksinportugalthatobtainedinternationalawards

Portugal news - Who are the Top 10 most powerful women in Portugal? Here is the 2024 ranking according to Forbes Portugal.     Top 10 most powerful women in Portugal in 2024: No 1 - Paula Amorim Paula Amorim  is the Chairperson of the Board of Directors of Galp that operates in Portugal’s energy sector and a major Shareholder of the Amorim group.     No 2 - Cláudia Azevedo Cláudia Azevedo  is the CEO of Sonae and Shareholder of Sonae Group that operates in Portugal’s fashion, distribution and retail sectors.     No 3 - Mafalda Duarte   Mafalda Duarte is the Executive Director of the Green Climate Fund that operates in Portugal’s social responsibility sector.     No 4 - Ana Figueiredo Ana Figueiredo is the CEO of Altice Portugal that operates in Portugal’s technology and telecommunications sector.     No 5 - Inês Caldeira Inês Caldeira is the Global Deputy Director of L'Oréal Paris that operates in the industrial sector.     No 6 - Manuela Ferro Manuela Ferro is the Vice President of the World Bank for the Asia Pacific that operates in the banking, financial and investment sectors.     No 7 - Vera Pinto Pereira Vera Pinto Pereira is the CEO of EDP Comercial and the President of the EDP Foundation that operates in Portugal’s energy sector.     No 8 - Isabel Ferreira Pinto Isabel Ferreira Pinto is the CEO of Pingo Doce that operates in Portugal’s fashion, distribution and retail sectors.     No 9 - Maria Ramos Maria Ramos is a consultant for the World Bank that operates in the banking, finance and investment sectors.     No 10 - Manuela Medeiros Manuela Medeiros is the founder, shareholder and General Director of Parfois that operates in the fashion, distribution and retail sectors. #portugalnews #newsportugal #mostpowerfulwomeninportugal #mostinfluentialwomeninportugal #topfemaleceolistportugal

Actualités Portugal - Qui sont les 10 femmes les plus puissantes au Portugal ? Voici le classement 2024 selon Forbes Portugal.   Top 10 des femmes les plus puissantes au Portugal en 2024 :     No 1 - Paula Amorim   Paula Amorim  est présidente du conseil d’administration de Galp, qui opère dans le secteur énergétique au Portugal, et elle est un des principaux actionnaires du groupe Amorim.     No 2 - Cláudia Azevedo   Cláudia Azevedo  est PDG de Sonae et actionnaire du groupe Sonae, qui opère dans les secteurs de la mode, de la distribution et de la vente au détail au Portugal.     No 3 - Mafalda Duarte   Mafalda Duarte est la directrice exécutive du Fonds vert pour le climat (Green Climate Fund), qui opère dans le secteur de la responsabilité sociale au Portugal.     No 4 - Ana Figueiredo   Ana Figueiredo est la PDG d’Altice Portugal, qui opère dans le secteur des technologies et des télécommunications au Portugal.     No 5 - Inês Caldeira   Inês Caldeira est la directrice adjointe mondiale de L’Oréal Paris, qui opère dans le secteur industriel.     No 6 - Manuela Ferro   Manuela Ferro est vice-présidente de la Banque mondiale pour l’Asie-Pacifique, qui opère dans les secteurs bancaire, financier et de l’investissement.     No 7 - Vera Pinto Pereira   Vera Pinto Pereira est la PDG de EDP Comercial et la présidente de la fondation EDP, qui opère dans le secteur énergétique du Portugal.     No 8 - Isabel Ferreira Pinto   Isabel Ferreira Pinto est la PDG de Pingo Doce, qui opère dans les secteurs de la mode, de la distribution et du commerce au Portugal.     No 9 - Maria Ramos   Maria Ramos est consultante pour la Banque mondiale, qui opère dans les secteurs bancaire, financier et de l’investissement.     No 10 - Manuela Medeiros   Manuela Medeiros est la fondatrice, actionnaire et directrice générale de Parfois, qui opère dans les secteurs de la mode, de la distribution et du commerce de détail. #actualitésportugal #nouvellesportugal #lesfemmeslespluspuissantesauportugal #lesfemmeslesplusinfluentesauportugal #femmespdgauportugal

Portugal news - French fashion brand Kiabi has invested 1 million for their new store in the Braga Retail Center.   Fashion brand Kiabi is expanding in Portugal with a new store measuring 1,000 square metres, that has led to the creation of 21 new jobs. The clothing brand is also innovating by including a workshop service for personalizing pieces and an exclusive shopping experience.   Since French fashion brand Kiabi first invested in Portugal 14 years ago, the company has increased its investments to a 13th store in northern Portugal, which has a thriving environment that is strategic for the brand’s expansion.     #portugalnews #newsportugal #fashionbrandsportugal #fashionnewsportugal #kiabi #investmentnewsportugal

Ranking of average property values per square meter per region in Portugal in 2024: Portugal news – Average property values in Portugal more than double within a decade going from 763 euros/m2 in July 2014 to 1,618 euros/m2 in July 2024, according to data from Portugal’s statistics office INE.   Average property values in Portugal have been steadily increasing during the last decade, without wavering despite the global lockdown.     In August 2024, average home values in Portugal have reached a historic high of 1,638 euros per square meter, according to home valuations applied by banks when granting loans for property purchases.   This means that the average value of a property of 100 square meters in Portugal is valued by banks at 163,800 euros in August 2024, with variations per region and per property type.   The average value of real estate in Portugal by property type in 2024 reaches 1,818 euros/m2 for apartments while it reaches 1,281 euros/m2 for houses, as per bank valuations.     Here is the ranking of average property values per square meter per region in Portugal in 2024: 1 – Greater Lisbon While average property values per square meter in Greater Lisbon have registered the third highest increase in 2024, Lisbon is the region where properties have the highest average value, reaching 2,411 euros/m2, as per bank valuations.     2 - Algarve While average property values per square meter in the Algarve have registered the second highest increase in 2024, the Algarve is the region where properties also have the second highest average value, reaching 2,217 euros/m2, as per bank valuations.   3 - Madeira While average property values per square meter in Madeira have registered the highest increase in Portugal in 2024, Madeira is the region where properties have the third highest average value, reaching 1,928 euros/m2, as per bank valuations.     4 – Northern Portugal Average property values per square meter in northern Portugal have registered the fourth highest increase in 2024 to reach 1,403 euros/m2 as per bank valuations. #portugalnews #newsportugal #realestatenewsportugal #propertynewsportugal #propertypricesportugal #averagepropertypricesportugal #averagepropertyvaluesportugal #propertyvaluespersquaremeterperregioninportugal #averagevalueofrealestatebypropertytypeportugal

Classement des valeurs moyennes de biens immobiliers au mètre carré et par région au Portugal en 2024 :   Actualités Portugal - La valeur moyenne des propriétés au Portugal a plus que doublé en une décennie, passant de 763 euros/m2 en juillet 2014 à 1,618 euros/m2 en juillet 2024, selon les données de l’INE.   La valeur moyenne des propriétés au Portugal a augmenté régulièrement au cours de la dernière décennie, sans vaciller malgré le confinement mondial.     En août 2024, la valeur moyenne des logements au Portugal a atteint un record historique de 1,638 euros le mètre carré, selon les évaluations de l’immobilier appliquées par les banques lors de l’octroi de prêts pour l’achat d’une propriété.   Cela signifie que la valeur moyenne d’une propriété de 100 mètres carrés au Portugal est évaluée par les banques à 163,800 euros en août 2024, avec des variations par région et par type de propriété.   La valeur moyenne des biens immobiliers au Portugal par type de propriété en 2024 atteint 1,818 euros/m2 pour les appartements tandis qu’elle atteint 1,281 euros/m2 pour les maisons, selon les évaluations bancaires.     Voici le classement des valeurs moyennes des propriétés au mètre carré par région au Portugal en 2024 :   1 – Région métropolitaine de Lisbonne   Alors que la valeur moyenne des propriétés au mètre carré dans la région métropolitaine de Lisbonne a enregistré la troisième hausse la plus forte en 2024, Lisbonne est la région où les propriétés ont la valeur moyenne la plus élevée, atteignant 2,411 euros/m2 selon les évaluations bancaires.     2 - Algarve   Alors que la valeur moyenne des propriétés au mètre carré dans l’Algarve a enregistré la deuxième plus forte augmentation en 2024, l’Algarve est également la région où les propriétés ont également la deuxième plus valeur moyenne la plus élevée, atteignant 2,217 euros/m2, selon les évaluations bancaires.     3 - Madère   Alors que la valeur moyenne des propriétés au mètre carré à Madère a enregistré la plus forte augmentation au Portugal en 2024, Madère est la région où les propriétés ont la troisième valeur moyenne la plus élevée, atteignant 1,928 euros/m2, selon les évaluations bancaires.   4 – Nord du Portugal   La valeur moyenne des propriétés au mètre carré dans le nord du Portugal a enregistré la quatrième hausse la plus forte en 2024 pour atteindre 1,403 euros/m2, selon les évaluations bancaires.   #actualitésportugal #nouvellesportugal #actualitéimmobilierportugal #actualitésimmobilièresportugal #prixdelimmobilierauportugal #valeurmoyennedespropriétésauportugal #valeursmoyennesdespropriétésportugal #valeursmoyennesdespropriétésparrégionauportugal #valeurmoyennedesbiensimmobiliersauportugalpartypedepropriété

Portugal Business News is referenced in an article on the Science and Technology incubator website of Alma Science that is comprised of a team of over 30 PhDs and experts covering a wide range of fields, including chemistry, materials science, printing technology, electronics, paper technology, and biology.   Click to see the reference on Portugal Business News   on the tech incubator website Alma Science  that quotes “The future of tourism in Portugal is sustainability, and ecotourism is the new trend”: https://almascience.pt/news/latest/sustainable-summertime-part-i   Source of the Portugal Business News article referenced in Alma Science:   “ What is the Future of Tourism in Portugal? ”   About Alma Science -  Science and Technology incubator “Alma Science” is a world-class innovation and R&D lab that specializes in business and product-oriented rapid development and prototyping for brands and tier 1 companies, while also providing development services for applied research organizations. Alma Science is comprised of a team of over 30 PhDs and experts covering a wide range of fields, including chemistry, materials science, printing technology, electronics, paper technology, and biology.   About Portugal Business News - Articles by Portugal Business News are published or referenced on flagship industry websites, on Government trade and investment websites, in market reports prepared by the European Commission, on the websites of leading research companies such as Crunchbase, Dealroom and Startup Genome, on Wikipedia, in specialized business magazines and on multilingual news aggregators. #portugalnews   #newsportugal   #aboutportugalbusinessnews   #aboutportugalbusinessesnews   #aboutPBN   #referencesportugalbusinessnews   #portugalbusinessnewsreviews   #arearticlesbyportugalbusinessnewsauthoritative   #businessnewsportugal   # AlmaScience

Portugal news - Portugal ranks 5th country to open the most hotels in Europe by 2026, while Lisbon ranks 3rd city with the largest number of hotels to open in Europe for the same period, according to Lodging Econometrics.   The Europe Hotel Construction Pipeline Trend Report 2024 reveals that Europe’s total pipeline of hotels to open stands at 1,680 hotels with a total number of 249,454 rooms by the end of Q2 2024.  Most hotel projects in Europe are concentrated in the upper upscale, upscale, and upper midscale chain scales.       Here are the Top 5 countries to open the most hotels in Europe by 2026: 1 – UK There are 306 hotels for a total number of 43,515 rooms that will open in the United Kingdom by 2026.     2 – Germany There are 178 hotels for a total number of 28,637 rooms that will open in Germany by 2026.     3 – France There are 120 hotels for a total number of 12,831rooms that will open in France by 2026.     4 – Turkey There are 117 hotels for a total number of 17,856 rooms that will open in Turkey by 2026.     5 – Portugal There are 114 hotels for a total number of 14,247rooms that will open in Portugal by 2026.     These five countries combined account for 50% of hotels to open in Europe and 47% of the total number of rooms in new hotel openings by 2026.     Here are the cities with the largest number of hotels to open in Europe by 2026: 1 – London 76 hotels with a total number of 14,954 rooms will open in London by 2026.     2 – Istanbul 50 hotels with a total number of 8,397 rooms will open in Istanbul by 2026.     3 – Lisbon 36 hotels with a total number of 4,425 rooms will open in Lisbon by 2026.     4 – Dublin 26 hotels with a total number of 5,012 rooms will open in Dublin by 2026.     5 – Dusseldorf 24 hotels with a total number of 4,448 rooms will open in Dusseldorf by 2026.     Looking ahead, Lodging Econometrics predicts continued growth in new hotel openings in Europe, with 368 new hotels with a total number of 52,760 rooms scheduled to open in 2025. The newly released new hotel openings forecast for 2026 shows a further increase, with 427 new hotels in Europe with a total of 59,606 rooms expected to open. #portugalnews #newsportugal #tourismnewsportugal #newhotelstoopeninportugal #portugalranksintop5countriestoopenthemosthotels #lisbonranks3rdcitywiththelargestnumberofhotelstoopenineurope #top5countriestoopenthemosthotelsineurope #top5citiestoopenthemosthotelsineurope