Portugal’s GDP growth rate records the highest increase in the EU - Portugal Business News Portugal news - Portugal’s GDP growth rate records the highest increase in the EU for the fourth quarter of 2024 as a percentage change compared with the previous quarter of 2024, according to Eurostat:     Here is the list of countries with the highest GDP growth for the fourth quarter of 2024 as a percentage change compared with the previous quarter: 1)  Portugal – with +1.5%, Portugal recorded the highest GDP increase compared to the previous quarter 2)  Lithuania - +0.9% 3)  Spain - +0.8%     Here is the list of countries with the highest GDP growth rates in volume up to 2024Q4 as a percentage change compared with the same quarter of the previous year:   1 – Lithuania – 3.6% 2- Spain – 3.5% 3 – Portugal – 2.7%   Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 0.9% in the  euro area  and by 1.1% in the  EU  in the fourth quarter of 2024.

Tourism in Portugal reaches historical highs in 2024 - Portugal Business News Portugal news - Tourism in Portugal reaches historical highs in 2024. Here are Portugal’s main inbound tourism markets in 2024:   Tourism figures for Portugal in 2024 show an upward trend with tourist accommodation establishments reflecting annual increases of 5.2% to reach 31.6 million guests, while overnight stays reflect annual increases of 4.0% to reach 80.3 million overnight stays, according to INE.   When considering Portugal’s tourism sector showing separately figures for the inbound and domestic markets for 2024, we see that 70.3% of total overnight stays in 2024 were by non-residents, totaling 56.4 million. Tourism trends for inbound tourism in Portugal show a growth rate of 4.8% in 2024.   Tourism from Portugal’s domestic market registered a growth rate of +2.4% in 2024, with 23.9 million overnight stays.      What are Portugal’s main inbound tourism markets in 2024? Here is the list of Portugal’s main inbound tourism markets in 2024:   1 - The United Kingdom Portugal’s leading inbound tourism market in 2024 is the UK, accounting for 18.1% of non-resident overnight stays with an increase of +2.7%.     2 – Germany Portugal’s second main inbound tourism market in 2024 is Germany that represents 11.3% of the total.     3 – Spain Portugal’s third main inbound tourism market in 2024 is Spain with a share of 9.7%.     4 – United States Portugal’s fourth main inbound tourism market in 2024 is the US with North America registering a share of 9.2%. Among Portugal’s Top 10 inbound markets in 2024, the second largest growth in inbound tourism figures is from the United States with an increase of +12.1%.     5 – Canada   Portugal’s fifth main inbound tourism market in 2024 is Canada.  Among Portugal’s Top 10 inbound markets in 2024, Canada represents the inbound tourism market with the highest growth in inbound tourism figures with an increase of +17.1%.     6 – France Portugal’s sixth main inbound tourism market in 2024 is France with a share of 8.0%.

Portugal’s economic outlook - Portugal’s credit rating is raised to A+ by Japan’s rating agency - Portugal Business News Portugal news - Portugal’s credit rating was just raised to A+ by Japan’s Credit Rating Agency JCR. Here is Portugal’s economic outlook for 2025:   Portugal's sovereign risk rating was raised to A+ by Japan’s rating agency that mentions that Portugal’s economy is maintaining a “Stable” outlook.   Japan’s report, that was prepared by analysts Kiichi Sugiura and Sakura Yamamoto, underlines the fact that Portugal has a diversified economic base, has made progress in structural reforms and is registering a consistent trajectory of budgetary consolidation. The report states that these factors increase Portugal’s resilience to external shocks.   Portugal’s new credit rating is sparking appetite for public debt securities among Asian investors that will easily offset the gradual withdrawal of the European Central Bank (ECB  )  from the debt market.      Here is Portugal’s economic outlook for 2025: 1 - Reduction in public debt   Portugal’s public debt fell from 97.9% of GDP in 2023 to 95.3% at the end of 2024, and the outlook is a gradual but firm decline even after budget cuts.  Portugal’s primary surplus has been maintained since 2015, and the overall budget balance was slightly positive in 2024, according to the Japanese credit rating agency.     2 - Solidity of the financial system    Portugal’s financial system is becoming more stable, since the Tier 1 ratio of banks rose to 17.7% in September 2024, while the non-performing loan (NPL) rate fell to 2.6%.  Portugal’s banking sector has an increase in net interest income that is strengthening the capital base of banks.      3 – High Economic growth   Portugal’s GDP growth rate  records the highest increase in the EU for the fourth quarter of 2024, as a percentage change compared with the previous quarter of 2024.   Portugal’s economy has recovered steadily after the Covid-19 pandemic, continuing to grow faster than the European Union average, registering a 1.9% GDP growth in 2024, driven by domestic demand.   Portugal’s economic growth is projected to accelerate in the medium term, supported by the Recovery and Resilience Plan (RRP) and energy transition.   Portugal has a GDP per capita of over 49,000 dollars, one of the highest in the 'A' rating category, states Japan’s Credit Rating Agency report.     4 – Public accounts in line with EU regulations   Portugal has maintained public accounts in line with EU regulations despite recent elections, showing the impact of political stability on the economy. Portugal’s right-wing minority coalition government, formed after the March 2024 legislative elections, maintained firm adherence to the budgetary and economic rules of the European Union, ensuring the continuity of reforms.   Portugal’s Treasury and Public Debt Management Agency – IGCP, EPE, that is the public entity responsible for managing the treasury, financing and direct public debt of the Portuguese State, has recently intensified its efforts to diversify Portugal’s investor base following the reduction in debt purchases by the ECB.   This new credit rating will allow Portugal to attract Asian funds, especially from Japan, that highlights an excellent economic outlook for 2025.

What is Portugal’s economic forecast & GDP growth for 2025-2028? - Portugal Business News Portuguese economy news - What is Portugal’s economic forecast & GDP growth for 2025-2028? The above chart shows Portugal’s economic indicators for 2025-2028, according to S&P Global.   Portugal’s economy is expected to maintain resilient economic growth, partially fueled by quicker implementation of NextGen EU funds.  Portugal’s real GDP growth is expected to hover around 2% over the period 2025-2028, that is higher than the 1.2% estimate for the eurozone average, according to S&P Global.   While S&P Global just upgraded Portugal’s rating to an 'A', Portugal’s credit rating was raised to A+  by Japan’s rating agency in February.   Portugal’s economic growth forecast is Positive and Portugal’s economy is set to outperform the eurozone's average over the 2025-2028, due to record-high service exports, particularly in tourism, and strong investments tied to NextGen EU funds.   There is a significant improvement in Portugal's external position, and the country is expected to maintain a moderate current account surplus supported by EU fund inflows from the Next Gen programs, with a declining external debt as a share of GDP.   Portugal's strong fiscal policy track record shows the country’s ability to maintain a declining government debt trajectory that will continue external deleveraging.   Since Portugal exports only 8% of its goods and services to the U.S., the country has limited direct exposure to potential tariffs, while remained exposed to disruptions in the EU that is its primary trade partner.   Portugal’s steady economic growth means that unemployment figures are expected to remain low, averaging 6.3% over the 2025-2028 period.   Portugal's economic outlook will remain characterized by budget surpluses with a 2025 forecast of 0.2% of GDP according to S&P Global, while Portugal’s Government forecast is 0.3% of GDP. Portugal should sustain a modest budget surplus of about 0.2% of GDP throughout the period 2026-2027.     Since Portugal is reducing government debt at one of the fastest paces in the eurozone, its gross general government debt should fall to 84% of GDP by 2028 compared with 96% of GDP in 2024.    Moreover, Portugal’s banking sector risks are limited, with stronger capitalization and common equity Tier 1 standing at 17.7% at Sept. 30, 2024.

Portugal ranks 8th in the Top 9 lithium producing countries in the world - Portugal Business News Mining news EU - Portugal is the only EU country that ranks in the Top 9 largest lithium producing countries in the world, according to Nasdaq. Here is the ranking of the Top 9 lithium producing countries in the world in 2024 and of the Top countries by lithium resources globally in 2025:   Since about 80 percent of the lithium produced globally goes towards the production lithium-ion batteries that power electric vehicles (EVs), there is increasing focus on the Top lithium producing countries in the world. Moreover, lithium use in batteries has increased in recent years due to the use of rechargeable batteries in portable electronic devices, as well as in electric tools, and grid storage applications, according to the US Geological Survey.   Global lithium demand is set to surge over the next decade due to increasing demand for EVs and energy storage and Benchmark Mineral Intelligence forecasts more than 30% year-on-year increase in demand for lithium in 2025.   The latest data from the US Geological Survey shows that the world’s top lithium-producing countries are doing their best to meet rising demand from energy storage and EV sectors. Global lithium production rose sharply from 2023 to 2024, reaching 240,000 metric tons (MT) of lithium content in 2024, compared to 204,000 MT in 2023. These totals do not include US production, as that data is withheld.   Here are the Top 9 lithium producing countries in the world in 2024: 1 – Australia Australia ranks No 1 lithium producing country in the world in 2024, with 88,000 metric tons, according to Nasdaq. Most of Australia’s lithium supply is exported to China as spodumene.   The Greenbushes hard rock lithium mine in Western Australia is operated by Talison Lithium. Mount Marion is another key lithium mine in Australia. The project, which is located in the Yilgarn Craton, southwest of Kalgoorlie, also contains a processing plant with an annual production capacity of 600,000 MT.     2 – Chile Chile ranks No 2 lithium producing country in the world in 2024, with 49,000 metric tons.   Lithium planta include the Salar de Atacama salt flat in Chile generates roughly half the revenue for SOM (NYSE:SOM), and top lithium and brine producer US-based Albemarle.  3 – China China ranks No 3 lithium producing country in the world in 2024, with 41,000 metric tons.   China is the largest consumer of lithium due to its electronics manufacturing and EV industries. It also produces more than two-third of the world’s lithium-ion batteries and controls most of the world’s lithium-processing facilities.    In January of 2024, China announced the discovery of a massive million-metric-ton lithium deposit in the country's Sichuan Province. In early 2025 the China Geological Survey, pegged the nation’s total reserves to be more than 30 million MT.   4 – Zimbabwe Zimbabwe ranks No 4 lithium producing country in the world in 2024, with 22,000 metric tons.   China’s Sinomine Resource Group (SZSE:002738) bought a stake in Zimbabwe's emerging lithium industry with the purchase of the Bikita mine. Zimbabwe's other key lithium mines include Zhejiang Huayou Cobalt's (SHA:603799) Arcadia mine and state miner Kuvimba Mining House’s Sandawana mine.      5 – Argentina Argentina ranks No 5 lithium producing country in the world in 2024, with 18,000 metric tons.   Bolivia, Argentina and Chile make up the Lithium Triangle. Argentina’s Salar del Hombre Muerto district hosts significant lithium brines, and its reserves - 4 million MT - are enough for at least 75 years.   One of the largest lithium mining companies in Argentina is Arcadium Lithium (ASX:LTM,NYSE:ALTM ) , while in December 2024, Rio Tinto announced a US$2.5 billion expansion. Once operational, Rincon will use direct lithium extraction technology to produce 60,000 MT of battery-grade lithium carbonate annually, combining a 3,000 MT starter plant and the 57,000 MT expansion.   6 – Brazil Brazil ranks No 6 lithium producing country in the world in 2024, with 10,000 metric tons.   Minas Gerais has four publicly listed lithium companies with assets in the state's Jequitinhonha Valley: Sigma Lithium (TSXV:SGML,NASDAQ:SGML), Lithium Ionic (TSXV:LTH,OTCQX:LTHCF), Atlas Lithium (NASDAQ:ATLX) and Latin Resources (ASX:LRS,OTC Pink:LRSRF). Chinese EV giant BYD (OTC Pink:BYDDF,HKEX:1211,SZSE:002594) reportedly entered the mining sector in 2023, when it acquired 852 hectares of lithium-rich land in Minas Gerais' Jequitinhonha Valley. 7 – Canada Canada ranks No 7 lithium producing country in the world in 2024, with 4,300 metric tons.   The country’s two mining plants are the Tanco mine in Manitoba, owned by Sinomine subsidiary Tantalum Mining, and the North American lithium operation in Québec, a joint venture between Piedmont Lithium (ASX:PLL,NASDAQ:PLL) and Sayona Mining (ASX:SYA,OTCQX:SYAXF).   At the end of 2024, the Canadian government’s Export Development Canada program pledged up to C$100 million to fund the Green Technology Metals (ASX:GT1,OTC Pink:GTMLF) for the development of Ontario's first lithium mine at Seymour Lake. 8 – Portugal Portugal ranks No 8 lithium producing country in the world in 2024, with 380 metric tons.   Western Europe’s first significant lithium mine, the Barroso project by Savannah Resources (LSE:SAV,OTC Pink:SAVNF), that was projected to play a pivotal role in the EU’s ambitions of battery material self-sufficiency, was delayed due to public backlash about concerns linked to the environmental impact of lithium mining. 9 – United States   The United States ranks No 9 lithium producing country in the world in 2024, with figures of lithium production withheld to avoid disclosing proprietary company data.   The US has two lithium plants, namely a Nevada-based brine operation which hosts Albemarle’s Silver Peak mine, and the brine-sourced waste tailings of Utah-based US Magnesium. What is the global consumption of lithium in 2024?    Global consumption of lithium in 2024 was estimated to be 220,000 tons, a 29% increase from the revised consumption of 170,000 tons in 2023. Four brine operations in Argentina, nine mineral operations in Australia, one mineral tailings operation in Brazil, two mineral operations in Canada, two brine operations Chile, seven mineral and five brine operations in China, and four mineral operations in Zimbabwe accounted for the majority of world lithium production. Additionally, smaller 110 LITHIUM operations in Australia, Brazil, China, Namibia, Portugal, and the United States also contributed to world lithium production, according to the U.S. Geological Survey, Mineral Commodity Summaries, dated January 2025.   Lithium supply security has become a priority for technology companies in Asia, Europe, and North America. Strategic alliances and joint ventures among technology companies and exploration companies continued to be established to ensure a reliable, diversified supply of lithium for battery suppliers and vehicle manufacturers.   Here is the chart showing the amount of lithium produced globally and the global lithium reserves per country in 2024, according to the U.S. Geological Survey, Mineral Commodity Summaries, dated January 2025:   Chart showing the amount of lithium produced globally and the global lithium reserves per country in 2024 - Portugal Business News   Here is the ranking of Top countries by lithium resources globally in 2025: Argentina: 23 million tons Bolivia: 23 million tons Chile: 11 million tons Australia: 8.9 million tons China: 6.8 million tons Canada: 5.7 million tons Germany: 4 million tons Congo (Kinshasa): 3 million tons Mexico: 1.7 million tons Brazil: 1.3 million tons Czechia: 1.3 million tons Mali: 1.2 million tons Serbia: 1.2 million tons Peru: 1 million tons Russia: 1 million tons Zimbabwe: 860,000 tons Spain: 320,000 tons Portugal: 270,000 tons Namibia: 230,000 tons Ghana: 200,000 tons Austria: 60,000 tons Finland: 55,000 tons Kazakhstan: 45,000 tons

Top Innovating Companies & Countries in Europe in 2025 - Portugal Business News EU Business News – Here is the ranking of the Top most Innovative Companies in Europe and the Top 5 most innovative countries in Europe in 2025, according to the Clarivate report of Top 100 Global Innovators 2025.     Top most Innovative Companies in Europe in 2025: 1 – Siemens, Germany – Industrial sector 2 – CEA, France – Government & Academic Research sector 3 – Airbus, France – Aerospace & Defense sector 4 – Ericsson, Sweden – Telecommunications sector 5 – Philips, Netherlands – Medical & Biotechnology sector 6 – Bosch, Germany – Industrial sector 7 – Safran, France – Aerospace & Defense sector 8 – STMicroelectronics, Switzerland – Semiconductors sector 9 – Volkswagen, Germany – Automotive sector 10 – Siemens Energy, Germany – Energy & Electrical sector 11 – Infineon Technologies, Germany – Semiconductors sector 12 – Swatch Group, Switzerland – Consumer Goods & Food sector 13 – ABB, Switzerland – Industrial systems sector 14 – ZEISS, Germany – Industrial systems 15 – Evonik, Germany – Chemicals & Materials sector 16 – Nokia, Finland – Telecommunications sector 17 – Thales, France – Aerospace & Defense sector 18 – CNRS, France – Government & Academic Research sector 19 – ASML, Netherlands – Semiconductors sector 20 – Michelin, France – Automotive sector 21 – FORVIA, France – Automotive sector   What are the Top 5 most innovative countries in Europe?   The Top 5 most innovative countries in Europe are Germany, France, Sweden, Netherlands and Switzerland.     Clarivate™ is a leading global provider of transformative intelligence, based in London, that offers enriched data, insights & analytics.

Ranking of EU countries by real GDP growth forecast in 2025 - Portugal Business News EU Business News - Here is the ranking of EU countries by real GDP growth forecast in 2025, according to the IMF World Economic Outlook: Ranking of EU countries by real GDP growth forecast in 2025 - Portugal Business News The Ranking of EU countries by real GDP growth forecast in 2025 according to the IMF shows that the Top 10 EU countries with the highest GDP growth forecast in 2025 are: Malta, Poland, Romania, Cyprus, Croatia, Hungary, Luxembourg, Slovenia, Lithuania, and Bulgaria. The Ranking of EU countries by real GDP growth forecast in 2025 according to the IMF shows that the EU country with the lowest GDP growth forecast is Germany with 0.8%, that compares with the EU average GDP growth of 1.6% and with Malta that is the EU country with the highest GDP growth forecast in 2025 with 4%.

Top 10 des restaurants à emporter les plus rentables au monde en 2025 - PBN Actualités marques de restaurants – Voici les 10 marques de restaurants à emporter les plus rentables au monde en 2025, selon BrandFinance :     Top 10 des marques de restaurants à emporter les plus rentables au monde en 2025 : 1 – Mac Donald’s – Évalué à 40,5 milliards de dollars 2 – Starbucks - Évalué à 38,8 milliards de dollars 3 – KFC - Évalué à 15,4 milliards de dollars 4 – Subway - Évalué à 8,1 milliards de dollars 5 – Taco Bell - Évalué à 6,9 milliards de dollars 6 – Tim Horton’s - Évalué à 6,8 milliards de dollars 7 – Domino’s - Évalué à 6,7 milliards de dollars 8 – Chick-fil-A - Évalué à 5,7 milliards de dollars 9 – Wendy’s - Évalué à 5,2 milliards de dollars 10 – Pizza Hut - Évalué à 4,8 milliards de dollars Avec une augmentation de 43 % de la valeur de la marque à 5,7 milliards USD, Chick-fil-A est devenue la marque à la croissance la plus rapide du secteur des restaurants à emporter, se classant huitième parmi les principales marques de restaurants au monde.  Cette hausse est alimentée par la solide performance financière de la marque et l’augmentation du score BSI, qui se situe maintenant à 89,4 sur 100. En particulier, malgré le fait que Chick-fil-A fonctionne à des prix relativement plus élevés par rapport à ses concurrents, les données de Brand Finance révèlent que la marque obtient 9,8 sur 10 pour « l’acceptation du prix premium », renforcée par son accent sur des ingrédients de qualité et des aliments fraîchement préparés.   Brand Finance est le premier cabinet de conseil en évaluation de marques au monde. En comblant l’écart entre le marketing et la finance, Brand Finance évalue la force des marques et quantifie leur valeur financière pour aider les organisations à prendre des décisions stratégiques.  Basée à Londres, Brand Finance est présente dans plus de 25 pays. Chaque année, Brand Finance effectue plus de 6,000 évaluations de marques, étayées par des études de marché originales, et publie plus de 100 rapports qui classent les marques dans tous les secteurs et tous l

Quels sont les pays de l’UE dont le coût de la vie est le plus bas pour les acheteurs d’une première maison ? - PBN Actualités immigration UE - Quels sont les pays de l’UE dont le coût de la vie est le plus bas pour les acheteurs d’une première maison ? Le graphique ci-dessus montre le classement du Top 10 des pays les moins chers de l’UE vers lesquels déménager dans le but d’acheter une maison tout en ayant un faible coût de la vie.   La crise du coût de la vie ne cesse d’augmenter, avec 93% des Européens déclarant qu’ils sont sérieusement inquiets quant à la façon dont ils vont pouvoir faire face.   Étant donné que le coût de la vie varie considérablement à travers l’UE, la société suisse Credwise a analysé le coût du logement par mètre carré pour les acheteurs d’une première maison, ainsi que le coût de la vie pour une famille de quatre et le coût de la vie pour une personne seule, afin d’obtenir un indice de points de coût du logement.   Le nouvel indice indique les pays les moins chers pour les familles et les célibataires qui envisagent de déménager dans le but d’acheter une maison.   Il y a environ 80 millions de ménages d’adultes célibataires dans l’UE, soit plus de la moitié du total. Entre 2013 et 2023, le taux de personnes vivant seules sans enfants a augmenté de plus de 21 %, devenant ainsi le segment immobilier qui connaît la croissance la plus rapide dans l’UE.   Pour avoir une image plus complète de l’endroit où choisir de s’installer dans l’UE, cliquez sur le classement des pays les plus heureux de l’UE en 2025  +   le   Top 10 des pays de l’UE ayant le plus d'offres d'emploi .

Quelles sont les villes européennes qui offriront le meilleur retour sur investissement dans l’hôtellerie en 2025 ? - PBN Actualités Investissements Europe - Quelles sont les meilleures villes européennes pour investir dans l’hôtellerie en 2025 ? Est-ce que l’investissement dans l’hôtellerie en Europe offre un bon retour sur investissement en 2025 ?     1 - Voici le Top 12 des villes européennes qui offrent les meilleurs retours sur investissement dans l’industrie hôtelière en 2025 :   1 – Londres 2 – Madrid 3 – Rome 4 – Lisbonne 5 – Barcelone 6 – Amsterdam 7 – Dublin 8 – Paris 9 – Bruxelles 10 – Copenhague 11 – Berlin 12 - Athènes       2 - Investir dans des hôtels en Europe offre-t-il un bon retour sur investissement en 2025 ?   Plus de 90 % des investisseurs ont l’intention de maintenir ou d’augmenter leurs investissements dans le secteur hôtelier en 2025, ce qui reflète la confiance continue dans le secteur du voyage et du tourisme.   Les fonds immobiliers, les promoteurs et les propriétaires-exploitants montrent un intérêt accru pour les hôtels, attirés par des perspectives de rendement optimistes et une performance supérieure à celle d’autres classes d’actifs. Ces investisseurs se concentrent davantage sur les stratégies à valeur ajoutée, selon un nouveau rapport de CBRE.   L’investissement dans les hôtels en Europe reste un choix d’investissement de premier plan, motivé par un équilibre favorable entre l’offre et la demande et des rendements compétitifs. La croissance de la demande hôtelière continue d’être supérieure à celle de l’offre, ce qui renforce la confiance des investisseurs dans le potentiel à long terme du secteur.   Les hôtels haut de gamme et de luxe demeurent les principales priorités d’investissement, grâce à la forte performance après la pandémie et à la demande soutenue des voyageurs fortunés. D’autre part, les options de services limités sont de plus en plus appréciées en raison de leur structure de coûts allégée.   L’investissement dans des hôtels vacants demeure la structure d’acquisition préférée, mais les ententes de gestion hôtelière sont de plus en plus nombreuses. Les investisseurs ont une préférence équilibrée pour les hôtels indépendants et les marques mondiales.

Portugal Space News - Portugal Business News Portugal Space was created by the government of Portugal in 2019 with headquarters in the Azores. Its goals are to implement the Portugal Space 2030 strategy with a focus on how space can be used to solve problems on Earth. With the creation of a space port on Santa Maria island, Portugal Space is part of the European Space Agency (ESA). Its Space Program includes Copernicus, Galileo, GOVSATCOM and SSA. The European Space Program 2021-2027, organized by the “Portugal in Europe Research and Innovation Network” (PERIN), will manage the development of space infrastructure and technology in order to foster a thriving space ecosystem in Portugal. In order to develop Portugal’s Space Surveillance System, Portugal’s Ministry of Defense has signed contracts with GMV for its space surveillance tracking system. Since the European Space Agency estimates that there are nearly 10,000 metric tons of material orbiting our planet, there is a real risk for satellites. The new agreement with GMV will ensure that there will be an enhanced database for an impact assessment of Portugal’s Space Surveillance System (SST) and the development of new services. GMV is a Spanish company with offices globally and a workforce of over 2000 people. The Portugal office, that is located in Lisbon, is headed by Alberto de Pedro Crespo. The GMV group, that is in the sector of technology, provides cutting-edge solutions and the development of hardware and software as well as operational support. With more than 80 engineers working on SST activities in seven European countries, GMV is a worldwide leader in the prevention of space debris. Most of its operations are in Portugal, Spain, France, Germany, UK, Romania and Poland. In the commercial arena, GMV also provides services in the field of military space. In Portugal, GMV has signed an MoU for technological development with Embraer. Embraer is a Brazilian multinational aerospace manufacturer that provides military and commercial aircraft and services. It is the third largest producer of civil aircraft after Boeing and Airbus. Its activities in Portugal will include new business development in the field of navigation systems and of Integrated Modular Avionics (IMA). This includes services in Defense systems, namely for the Super Tucano aircraft. According to Brazilian company Embraer, the MoU with GMV will include partnerships for technological advances and innovation. Embraer has a long-term commitment with Portugal for the development of its aerospace ecosystem as well as Defense, with Portugal being the country in which it has a major share of its investments outside Brazil. Its subsidiary OGMA – Indústria Aeronáutica de Portugal – is a Portuguese aerospace company focused on aircraft manufacturing. Recently, the Brazilian conglomerate invested Euros 74 million in OGMA. This agreement will create 300 new jobs and will increase its annual turnover three-fold to the tune of Euros 600 million, which demonstrates that Embraer is extending the scope of activities in Portugal. In line with this strategy, an MoU was signed with Portugal Defense. This will include strategic Defense priorities for Portugal, including advanced training, the dual use of technologies and digital transformation. Recent investments in the Portugal Aerospace industry demonstrates Portugal’s commitments towards the Portugal Space Agency and its Space Surveillance System under the Ministry of Defense. Source: https://www.portugalbusinessesnews.com/post/portugal-space-news

Portugal news - What is the new NATO aircraft to be built in Portugal? Brazil’s Defence Minister just announced a partnership between Embraer, that is Brazil’s aerospace manufacturer that is also the world’s 3rd largest producer of civil aircraft, and OGMA, that is a Portuguese aerospace manufacturer. The agreement is for producing standard NATO aircraft in Portugal, according to a Reuters report. It is to be noted that Embraer holds 65% of OGMA’s capital and has just launched its A-29N Super Tucano under NATO’s operational requirements. The A-29 has been selected by more than 15 air-forces worldwide and, since Embraer is now focusing on the EU market, the aircraft needs to be built in Europe in order to meet NATO’s requirements for selling them to European countries. Brazil’s President, Luiz Inacio Lula da Silva, is now in Portugal as part of his European tour and he is accompanied by Defence Minister Jose Mucio. The Brazilian delegation is visiting OGMA's headquarters, located in the Alverca Aeronautical Park north-east of Lisbon, this Monday. Portugal is buying five of Embraer's KC-390 military transport aircraft and a flight simulator for EUR 827 million. Other European countries that are also buying the military cargo aircraft are Sweden and Austria. #NATOaircraftbuiltinportugal #OGMA #Embraer #A29NSuperTucanoportugal #EmbraerKC390 #defenceaircraftportugal #portugalnews #portugalbusinessnews