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  • Top 10 tech sectors in Europe that get the most VC funding in 2025

    Top 10 tech sectors in Europe that get the most VC funding in 2025 - Portugal Business News Investment News Europe - Here are the Top 10 tech sectors in Europe that get the most VC funding in 2025 and what is the fastest growing tech sector in Europe in 2025, according to Dealroom’s latest report:   The projected growth of the Defence, security & resilience tech sector in Europe in 2025 compared to 2024 is 32% - that is equal to the percentage decline in energy tech sector. 1 - What is the fastest growing tech sector in Europe in 2025?   The fastest growing tech sector in Europe in 2025 is the Defence tech sector as the projected growth in the Defence tech sector alone in Europe in 2025 compared to 2024 is 132%, that is the highest share of VC investment in Europe in 2025.   AI defence tech has been the most funded subsegment of defence tech in Europe in 2025, with the mega investment round in Helsing in June 2025 reaching 600 million euros.     2 - Top 10 tech sectors in Europe that get the most VC funding in 2025:     1 – The Fintech sector   The Fintech sector ranks No. 1 sector in Europe that obtains the highest share of VC funding in 2025, having obtained USD 10.6 billion between January and end of September 2025.   The projected growth of the Fintech sector in Europe in 2025 compared to 2024 is 79%.     2 – The Deep Tech sector     The DeepTech sector ranks 2 nd sector in Europe that obtains the highest share of VC funding in 2025, having obtained USD 9.9 billion between January and end of September 2025.   The projected growth of the DeepTech sector in Europe in 2025 compared to 2024 is -9%.     3 – The Healthtech sector   The Healthtech sector ranks 3 rd sector in Europe that obtains the highest share of VC funding in 2025, having obtained USD 8.1 billion between January and end of September 2025.   The projected growth of the Healthtech sector in Europe in 2025 compared to 2024 is 5%.     4 – The Enterprise Software sector   The Enterprise Software sector ranks 4 th  sector in Europe that obtains the highest share of VC funding in 2025, having obtained USD 6.3 billion between January and end of September 2025.   The projected growth of the Enterprise Software sector in Europe in 2025 compared to 2024 is -8%.     5 – The Defence, security & resilience tech sector   The Defence, security & resilience tech sector rank 5 th  sector in Europe that obtains the highest share of VC funding in 2025, having obtained USD 4.7 billion between January and end of September 2025.   The projected growth of the Defence, security & resilience tech sector in Europe in 2025 compared to 2024 is 32% .     6 – The Energy tech sector   The Energy tech sector ranks 6 th sector in Europe that obtains the highest share of VC funding in 2025, having obtained USD 4.3 billion between January and end of September 2025.   The projected growth of the Energy tech sector in Europe in 2025 compared to 2024 is -32% .     7 – The Transportation tech sector   The Transportation tech sector ranks 7 th  sector in Europe that obtains the highest share of VC funding in 2025, having obtained USD 3.2 billion between January and end of September 2025.   The projected growth of the Transportation tech sector in Europe in 2025 compared to 2024 is -21%.     8 – The Security tech sector   The Security tech sector ranks 8 th sector in Europe that obtains the highest share of VC funding in 2025, having obtained USD 2.2 billion between January and end of September 2025.   The projected growth of the Security tech sector in Europe in 2025 compared to 2024 is 63%.     9 – The Defence tech sector   The Defence tech sector ranks 9 th sector in Europe that obtains the highest share of VC funding in 2025, having obtained USD 1.5 billion between January and end of September 2025.   The projected growth of the Defence tech sector in Europe in 2025 compared to 2024 is 132%.   VC investors are pouring more money into defence tech than ever before, with USD 2.3 billion projected VC investment in European startups that are in the in defence tech sector and USD 13.7 billion across all NATO countries. The Defence tech industry is on track to grow by more than 100% year-on-year.      10 – The Marketing tech sector   The Marketing tech sector ranks 10 th  sector in Europe that obtains the highest share of VC funding in 2025, having obtained USD 1.4 billion between January and end of September 2025.   The projected growth of the Marketing tech sector in Europe in 2025 compared to 2024 is -12% .

  • What are the best hotels in Europe in 2025?

    Porto Zante Villas & Spa on Zakynthos Island, Greece - Portugal Business News Travel & Tourism News Europe – Here are the Top 10 best hotels in Europe in 2025 as well as the hotel in Europe that is among the best resorts in the world, according to the Condé Nast Traveller Readers' Choice Awards 2025, published on October 7 th , 2025:     1 - Here are the Top 10 best hotels in Europe in 2025:   1 – Le Bristol Paris – Paris, France 2 - The Westbury – Ireland 3 - JK Place, Roma – Rome, Italy 4 - Villa San Michele, a Belmond Hotel – Florence, Italy 5 - Hotel Cipriani, a Belmond Hotel – Venice, Italy 6 - JK Place – Capri, Italy. 7 - Hotel Grande Bretagne, a Luxury Collection Hotel – Greece 8 - The Principal Madrid – Madrid, Spain 9 - Palácio Príncipe Real – Portugal 10 – Raffles – Istanbul, Turkey.     2 - What hotel in Europe is among the best resorts in the world in 2025?   Porto Zante Villas & Spa on Zakynthos Island, Greece is among the best resorts in the world in 2025.   The beachfront luxury villas in Greece at Porto Zante are nestled between lush gardens, decorated and furnished with selected pieces of Armani Casa & Gervasoni, paintings of prominent Greek artists and are equipped with some of the best exclusive amenities including Bang & Olufsen Entertainment systems, Christofle Paris cutlery & glasses, Bernardaud design porcelain & BVLGARI guest amenities. A world class experience at Europe’s most private beach resort.

  • Cristiano Ronaldo becomes the first billionaire football player

    Cristiano Ronaldo becomes the first billionaire football player - Portugal Business News Billionaire News - Cristiano Ronaldo becomes the first billionaire football player, with a net worth valued at USD 1.4 billion, according to a new report by Bloomberg.     What are the sources of Cristiano Ronaldo’s wealth in 2025?   The sources of Cristiano Ronaldo’s (CR7) wealth in 2025 are as follows:   1 - Cristiano Ronaldo’s salary & declared earnings:   a)   Between 2002 and 2023: Ronaldo earned over USD 550 million b)   When Ronaldo joined Al-Nassr in the Saudi Pro League in 2022, he reportedly became the best-paid player in football history with an annual salary of £177m. c)   Ronaldo signed a new two-year deal - reportedly worth more than $400m (£298m) - which will keep him at the club beyond his 42nd birthday.      2 - Cristiano Ronaldo’s Sponsorship deals:    Ronaldo’s Sponsorship deals with brands. such as Castrol and Armani, include a 10-year contract with Nike that is worth USD 18 million per year.     3 - Cristiano Ronaldo’s business investments:   Ronaldo’s business investments include investments in hotels, hair clinics and in the Portuguese Media Industry among others.   Click here to see the full list of Cristiano Ronaldo’s business investments in 2025.

  • Which EU countries have the highest current account surpluses in 2025?

    Which EU countries have the highest current account surpluses in 2025? - Portugal Business News News EU Economy - Which EU countries have the highest current account surpluses in 2025, and which EU countries have the largest deficits for both intra-EU and extra-EU flows based on available non-seasonally adjusted data, according to data published by Eurostat on October 7th, 2025?     1 - Ranking of EU countries that have the highest current account surpluses in Q2, 2025:     1 – Germany   Germany ranks No. 1 EU country that has the highest current account surplus in Q2, 2025, with a surplus of 44.9   billion euros.     2 – Ireland   Ireland ranks 2 nd  EU country that has the highest current account surplus in Q2, 2025, with a surplus of 19.5   billion euros.     3 – Spain   Spain ranks 3 rd  EU country that has the highest current account surplus in Q2, 2025, with a surplus of 14.7   billion euros.     4 – Netherlands   The Netherlands ranks 4 th EU country that has the highest current account surplus in Q2, 2025, with a surplus of 13.2   billion euros.     5 – Denmark   Denmark ranks 5 th  EU country that has the highest current account surplus in Q2, 2025, with a surplus of 12   billion euros.     6 - Italy   Italy ranks 5 th  EU country that has the highest current account surplus in Q2, 2025, with a surplus of 10.7   billion euros.     7 – Sweden   Sweden ranks 7 th  EU trade partner with which the EU has a current account surplus in Q2 2025, with a surplus of 7.7   billion euros.       2 - Ranking of EU countries that have the highest current account deficits in Q2, 2025:     1 – France   France ranks No. 1 EU country with the highest current account deficit in Q2, 2025, with a deficit of 11.5   billion euros.     2 – Romania   Romania ranks 2 nd  EU country with the highest current account deficit in Q2, 2025, with a deficit of 7.9   billion euros.     3 – Belgium   Belgium ranks 3 rd  EU country with the highest current account deficit in Q2, 2025, with a deficit of 4.5   billion euros.     4 – Greece   Greece ranks 4 th  EU country with the highest current account deficit in Q2, 2025, with a deficit of 3.5   billion euros.

  • With what countries does the EU have current account surpluses in 2025?

    With what countries does the EU have current account surpluses? - Portugal Business News News EU Economy - With what countries does the EU have current account surpluses in Q2, 2025 and what are the countries with which the EU has current account deficits during the same period based on non-seasonally adjusted data? 1 - What is the EU Budget Surplus in Q2 2025?   The EU recorded a budget surplus of 81 billion euros (+1.7% of GDP) in Q2 2025, compared with a surplus of 113.8 billion euros (+2.5% of GDP) in Q1 2025 and a surplus of 120.8 billion euros (+2.7% of GDP) in Q2 2024, according seasonally adjusted current account data published by Eurostat on October 7 th , 2025.     2 - Ranking of countries with which the EU has current account surpluses in Q2, 2025:     1 – United Kingdom   The UK ranks No. 1 EU trade partner with which the EU has the highest current account surplus in Q2 2025, with a surplus of 69.5   billion euros.     2 – Switzerland   Switzerland ranks 2 nd  EU trade partner with which the EU has a current account surplus in Q2 2025, with a surplus of 36.3   billion euros.     3 – Canada   Canada ranks 3 rd  EU trade partner with which the EU has a current account surplus in Q2 2025, with a surplus of 10.9   billion euros.     4 – Hong Kong   Hong Kong ranks 4 th  EU trade partner with which the EU has a current account surplus in Q2 2025, with a surplus of 9.4   billion euros.     5 – Brazil   Brazil ranks 5 th  EU trade partner with which the EU has a current account surplus in Q2 2025, with a surplus of 7.7   billion euros.     6 - Offshore Financial Centres   Offshore Financial Centres rank 6 th EU trade partner with which the EU has a current account surplus in Q2 2025, with a surplus of 5.4   billion euros.   Offshore Financial Centres   are an aggregate that includes 40 countries, including those of Liechtenstein, Guernsey, Jersey, the Isle of Man, Andorra, Gibraltar, Panama, Bermuda, the Bahamas, the Cayman Islands, British Virgin Islands, Bahrain, Hong Kong, Singapore and the Philippines.     7 – Japan   Japan ranks 7 th  EU trade partner with which the EU has a current account surplus in Q2 2025, with a surplus of 1.1   billion euros.     8 – Russia   Russia ranks 8 th  EU trade partner with which the EU has a current account surplus in Q2 2025, with a surplus of 1.1   billion euros.     3 - Ranking of countries with which the EU has current account deficits in Q2, 2025:     1 – China   China ranks No. 1 EU trade partner with which the EU has the highest current account deficit in Q2 2025, with a deficit of 47.3   billion euros.     2 – The USA   The USA ranks 2 nd  EU trade partner with which the EU has the highest current account deficit in Q2 2025, with a deficit of 13.1   billion euros.     3 – India   India ranks 3 rd  EU trade partner with which the EU has the highest current account deficit in Q2 2025, with a deficit of 2   billion euros.

  • Top 10 Best Destinations to travel to for Halloween

    Top 10 Best Destinations to travel to for Halloween - Portugal Business News Travel & Tourism News – Here are the Top 10 Best Destinations in the world to travel to for Halloween and have a spooky travel experience, according to Booking.com:     Top 10 Best Destinations to travel to for Halloween for a spooky experience:     1 – Braşov in Transylvania – Romania  Braşov in Transylvania – Romania - Portugal Business News   The No. 1 Best Destination to travel to for Halloween for a spooky travel experience is Braşov in Transylvania, Romania.   The eerie landscapes and folklore of Transylvania are the setting of Bram Stoker’s Dracula. The gothic castles, medieval towns and mountainous borders are so spooky that they blur the difference between fiction and reality.     2 – The Paris Catacombs - France The Paris Catacombs - France - Portugal Business News   The 2 nd  Best Destination to travel to experience Halloween for a spooky travel experience is the Paris Catacombs that are not for the faint-hearted. Otherwise, Disneyland Paris will allow you to experience Halloween without going to a place that is too scary.     3 – The French Quarter of New Orleans in Louisiana, USA The French Quarter of New Orleans in Louisiana, USA - Portugal Business News   The 3 rd  Best Destination to travel to experience Halloween for a spooky travel experience is The French Quarter of New Orleans in Louisiana, USA.   Experience a spooky Halloween in the New Orleans French Quarter, with its voodoo shops and street parties, including the New Orleans' official Halloween parade, the Krewe of Boo.     4 – Oaxaca – Mexico Oaxaca – Mexico - Portugal Business News   The 4 th  Best Destination to travel to experience Halloween for a spooky travel experience is Oaxaca in Mexico on the Day of the Dead (Día de los Muertos) that is on November 1 st  - 2 nd .     5 - Sleepy Hollow, New York - USA   The 5 th  Best Destination to travel to experience Halloween for a spooky travel experience is Sleepy Hollow in New York where the legend of the Headless Horseman remains alive.   Experience Halloween with cemetery tours, haunted hayrides and Gothic mansions in Sleepy Hollow. You can also take part in the Halloween street parades in the historic town and visit Washington Irving’s estate to really get a good scare this Halloween.     6 - Londonderry, Northern Ireland Londonderry, Northern Ireland - Portugal Business News   The 6 th  Best Destination to travel to experience Halloween for a spooky travel experience is Londonderry in Northern Ireland.   Londonderry is so bewitching that Halloween is a full four-day festival. Londonderry has the biggest Halloween parade in Europe, that dates back to 1986, and you can expect mayhem, devilish fireworks displays, and ghoulish street parades.     7 - Salem, Massachusetts – USA Salem, Massachusetts – USA - Portugal Business News   The 7 th  Best Destination to travel to experience Halloween for a spooky travel experience is Salem in Massachusetts that is famous for its 17th century Witch Trials.   Salem attracts modern-day Wiccans, mediums, psychics and crystal ball readers with its annual Psychic fair and Witchcraft Expo.   Don’t forget to participate in the Salem Witches’ Halloween Ball at the Hawthorne Hotel.     8 - Edinburgh, Scotland Edinburgh, Scotland - Portugal Business News   The 8 th  Best Destination to travel to experience Halloween for a spooky travel experience is the Underground Ghost Tour in Edinburgh, Scotland.   You can visit Edinburgh Castle on Halloween to hear the chilling tale of The Headless Drummer, that is one of the castle’s ghosts. Follow the ghostly crowd to visit eerie landmarks such as the graveyards.     9 - Prague, Czech Republic Prague, Czech Republic - Portugal Business News   The 9 th  Best Destination to travel to experience Halloween for a spooky travel experience is Prague, in the Czech Republic.   Prague’s Gothic architecture defines the city’s eeriness on Halloween. Known as the City of a Hundred Spires, Prague’s looming towers, its 9th-century castle and cathedrals covered with macabre gargoyles will lend a chilling atmosphere to your Halloween experience.       10 - Anoka, Minnesota - USA Anoka, Minnesota - USA - Portugal Business News   The 10 th  Best Destination to travel to experience Halloween for a spooky travel experience is Anoka, in Minnesota.   Anoka was the first city in the US to celebrate Halloween and is thus a petrifying experience. You can also take part in the city’s Ghost Run, that dates back to 1985, and run away from the ghosts all around the city.

  • Ranking of countries that are the main EU trade partners for electric cars

    Ranking of countries that are the main EU trade partners for electric cars - Portugal Business News Green News EU – Here is the Ranking of countries that are the main EU trade partners for imports and exports of electric cars, according to a Eurostat report dated October 6, 2025:     1 - Ranking of countries that are the main EU trade partners for exports of electric cars:   1 – United Kingdom   The United Kingdom ranks No. 1 country to which the EU exports electric cars, with a share of 31% of EU exports.   This compares to EU imports of electric cars from the UK that represent a share of 7% of EU imports.     2 – United States   The United States ranks 2 nd country to which the EU exports electric cars, with a share of 23% of EU exports.   This compares to EU imports of electric cars from the United States that represent a share of 9% of EU imports.     3 – Norway   Norway ranks 3 rd  country to which the EU exports electric cars, with a share of 11% of EU exports.     4 – Türkiye   Türkiye ranks 4 th  country to which the EU exports electric cars, with a share of 7% of EU exports.     5 - Switzerland   Switzerland ranks 5 th  country to which the EU exports electric cars, with a share of 5% of EU exports.     2 - Ranking of countries that are the main EU trade partners for imports of electric cars: 1 – China   China ranks No. 1 country from which the EU imports electric cars, with a share of 55% of EU imports.     2 – South Korea   South Korea ranks 2 nd  country from which the EU imports electric cars, with a share of 16% of EU imports.     3 – Japan   Japan ranks 3 rd  country from which the EU imports electric cars, with a share of 9% of EU imports.     4 – United States   The United States ranks 4 th country from which the EU imports electric cars, with a share of 9% of EU imports.     5 – United Kingdom   The United Kingdom ranks 5 th country from which the EU imports electric cars, with a share of 7% of EU imports.

  • Portugal's Council of Ministers approves the draft State Budget for 2026

    Portugal's Council of Ministers approves the draft State Budget for 2026 - Portugal Business News The Government of Portugal approved today the draft State Budget for 2026, announced the Minister of the Presidency António Leitão Amaro at the Council of Ministers briefing in Lisbon. The proposal will be delivered in Parliament until Friday 10 October following the presentation of the macroeconomic setting by the Minister of Finance Joaquim Miranda Sarmento to the parties represented in Parliament. At the same meeting, the Council of Ministers appointed Manuel Dias director of the Public Administration Information Technologies System at ARTE – the Agency for Technological Reform. The Minister of the Presidency stressed that this is "a key position in the purpose, aim, and path towards the State reform in its digitalisation component", noting this electrotechnical engineer’s experience and knowledge. The Council of Ministers also formalised the appointment of Álvaro Santos Pereira as the new governor of the Portuguese Central Bank following a positive review by Parliament’s Budget, Finance and Public Administration Commission, issued on 25 September. The economist will take office at the start of next week.

  • GISEC GLOBAL 2026 Video

    GISEC GLOBAL 2026 on 5 –7 May 2026 at the Dubai Exhibition Centre - Portugal Business News Portugal Business News is proud to be a Media Partner of GISEC GLOBAL 2026, the largest cybersecurity gathering in the Middle East & Africa held on 5–7 May 2026 at Expo City, Dubai. To Register to GISEC GLOBAL 2026, click here .

  • What is the OECD GDP & inflation forecast for Europe in 2026?

    What is the OECD GDP & inflation forecast for Europe in 2026? - Portugal Business News News Economy Europe – Here is the real GDP growth forecast for Europe in 2026 as well as the Headline Inflation forecast, according to the OECD economic outlook interim report published in September 2025:     Here is the real GDP growth forecast for Europe in 2026 and the headline inflation forecast, according to the OECD:     1 – Euro Area   The real GDP growth forecast for the Euro Area in 2026 according to the OECD is 1% year-on-year.   The Headline Inflation forecast for the Euro Area in 2026 according to the OECD is 1.9% year-on-year.     2 – Spain   The real GDP growth forecast for the Spain in 2026 according to the OECD is 2% year-on-year.   The Headline Inflation forecast for Spain in 2026 according to the OECD is 2% year-on-year.     3 – Germany   The real GDP growth forecast for Germany in 2026 according to the OECD is 1.1% year-on-year.   The Headline Inflation forecast for Germany in 2026 according to the OECD is 2.1% year-on-year.     4 - United Kingdom   The real GDP growth forecast for the UK in 2026 according to the OECD is 1% year-on-year.   The Headline Inflation forecast for the UK in 2026 according to the OECD is 2.7% year-on-year.     5 – France   The real GDP growth forecast for France in 2026 according to the OECD is 0.9% year-on-year.   The Headline Inflation forecast for France in 2026 according to the OECD is 1.6% year-on-year.     6 – Italy   The real GDP growth forecast for Italy in 2026 according to the OECD is 0.6% year-on-year.   The Headline Inflation forecast for Italy in 2026 according to the OECD is 1.8% year-on-year.

  • Which countries in Europe have the highest increase in house prices in 2025?

    Which countries in Europe have the highest increase in house prices in 2025? - Portugal Business News Real Estate News Europe – Here are the Top 10 countries in Europe that have the highest annual increase in house prices as of June 2025, according to a Eurostat report dated October 3, 2025:   While the annual increase in house prices as of June 2025 is 5.1% in the Euro Area and 5.4% in the EU, here is the ranking of the Top 10 countries where house prices have increased far above the European average.     Top 10 European countries with the highest annual increase in house prices as of June 2025:     1 – Portugal   Portugal ranks No. 1 country in Europe with the highest annual increase in house prices as of June 2025, with an increase of 17.2% between Q2 2024 and Q2 2025.     2 – Bulgaria   Bulgaria ranks 2 nd  country in Europe with the highest annual increase in house prices as of June 2025, with an increase of 15.5% between Q2 2024 and Q2 2025.     3 – Hungary   Hungary ranks 3 rd  country in Europe with the highest annual increase in house prices as of June 2025, with an increase of 15.1% between Q2 2024 and Q2 2025.     4 – Croatia   Croatia ranks 4 th  country in Europe with the highest annual increase in house prices as of June 2025, with an increase of 13.2% between Q2 2024 and Q2 2025.     5 – Spain   Spain ranks 5 th  country in Europe with the highest annual increase in house prices as of June 2025, with an increase of 12.8% between Q2 2024 and Q2 2025.     6 – Slovakia   Slovakia ranks 6 th  country in Europe with the highest annual increase in house prices as of June 2025, with an increase of 11.3% between Q2 2024 and Q2 2025.     7 – Czechia   Czechia ranks 7 th  country in Europe with the highest annual increase in house prices as of June 2025, with an increase of 10.5% between Q2 2024 and Q2 2025.     8 – Netherlands   The Netherlands ranks 8 th country in Europe with the highest annual increase in house prices as of June 2025, with an increase of 9.5% between Q2 2024 and Q2 2025.     9 – Lithuania   Lithuania ranks 9 th  country in Europe with the highest annual increase in house prices as of June 2025, with an increase of 8.8% between Q2 2024 and Q2 2025.     10 – Ireland   Ireland ranks 10 th  country in Europe with the highest annual increase in house prices as of June 2025, with an increase of 7.7% between Q2 2024 and Q2 2025.

  • Luxury brands account for around 5% of European GDP

    Luxury brands account for around 5% of European GDP - Portugal Business News Luxury Brands News Europe - Luxury Brands account for around 5% of European GDP. Here is the impact of luxury brands on European financial markets and on its Tourism industry, as well as their share of European exports and the forecast value of Europe’s Luxury Brands market by 2030, according to a report by the European Cultural and Creative Industries Alliance and Bain & Company:     What is the share of Luxury Brands in Europe’s GDP?   Luxury brands account for around 5% of Europe’s GDP, representing a value of EUR 986 billion .   Moreover, European Luxury Brands contribute approximately 2% of the EU gross value added (GVA), representing a value of EUR 410 billion.     What is the share of European Luxury Brands in the global market?   European Luxury Brands represent a share of around 70%  of the global market in 2024.     What is the impact of Luxury Brands in fostering the growth of European financial markets?   Luxury Brands foster the growth of European financial markets, with luxury stocks overperforming by four to six times the broader market over the long-term in Italy and France.     What is the economic forecast for the Luxury Brands market by 2030?   The economic forecast for the Luxury Brands market is steady growth, and the value of Europe’s Luxury Brands market is expected to reach between EUR 2,000 - 2,500 billion by 2030 .     What is the share of European Luxury Brands in European exports?   The share of European Luxury Brands in European exports is around 11.5% .     What is the total employment generated by Luxury Brands in Europe?   The total employment generated by Luxury Brands in Europe accounts for around 2 million people in 2024 , with 160,000 new jobs created since 2019.     What is the share of revenue generated by Luxury Brands in Europe’s Tourism industry?   The share of revenue generated by Luxury Brands in Europe represents up to 25% of the total value generated by the Tourism industry . Moreover, the European high-end and luxury sector acts as a catalyst for attracting high-spending tourists.     What is the share of investment by Europe’s Luxury Brands in innovation and sustainability?   The share of investment by Europe’s Luxury Brands in innovation and sustainability represents up to 3% of their annual revenues . Moreover, they also invest up to 5% in education and training.

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