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What is Portugal’s new ForceShield Air Defence System? - Portugal Business News Portugal News - Portugal’s new ForceShield Air Defence System is the result of contract signed between French multinational Thales and the NATO Support and Procurement Agency.   Portugal’s new ForceShield air defence system is designed to strenghten Portugal's very short-range air-defence capabilities, while meeting NATO requirements.   This represents the first contract between Thales and an EU country and is in line with the block’s Long-term Military Programming Law (LPM), which defines the strategic framework for the modernization of the Armed Forces' in-service equipment.     What is Portugal’s new ForceShield Air Defence System? ForceShield produced by French multinational Thales is an air defence solution designed to protect forces, citizens and critical infrastructure from an increasingly diverse range of airborne threats - from low-altitude threats such as Unmanned Aircraft Systems (UAS) to helicopters, fighter ground attacks or cruise missiles. ForceShield provides appropriate components to detect, coordinate, engage and neutralize threats.   Portugal’s new ForceShield air defence system includes a Ground Master 200 air surveillance radar, a radio communications system, an Air Defence command-and-control centre, and portable weapon allocation terminals. ForceShield also includes RapidRanger vehicles fitted with StarStreak high velocity Air Defence Missiles and with Lightweight Multirole Missile (LLM) anti-armour missiles.   Thales Portugal has been present in the country for over 36 years and is a key contributor to the Thales Group ((Euronext Paris: HO) global operations. The Group invests close to €4 billion a year in Research & Development, particularly in key innovation areas such as AI, cybersecurity, quantum technologies, cloud technologies and 6G.   In Portugal, Thales operates two main centres of excellence: one for naval engineering, focused on developing combat management systems, and another for air traffic management solutions. Thales employs over 400 people in Portugal, actively supporting the defence, aerospace, and cybersecurity sectors, while playing a significant role in advancing Portugal’s technological infrastructure. #portugalnews #defencenewsportugal #defensenews #whatisportugalsnewforceshieldairdefencesystem #longtermmilitaryprogramminglaw #forceshieldairdefencesystem #starstreakhighvelocityairdefencemissiles #LLMantiarmourmissiles #ThalesPortugal

Louis Vuitton burgers are coming to Portugal in 2025 - Portugal Business News Portugal News - Louis Vuitton burgers are coming to Portugal in 2025 under the brand name Goiko.   The Spanish designer burger chain Goiko was bought in 2018 by the L. Catterton fund, an investment vehicle of Louis Vuitton (LVHM) for 120 million euros. While the Louis Vuitton investment vehicle owns 80% of Goiko, the remaining 20% is still owned by the founder, Andoni Goicoechea.   The Louis Vuitton burger chain Goiko has already opened a Portuguese branch that is owned equally by the Spanish group and Portuguese company BT Burguer.   Goiko’s star burger is the Kevin Bacon, named after the star of the 80s musical Footloose, and just this year alone, Goiko has already served over a million Kevin Bacons.   The Louis Vuitton gourmet burger chain, that is present in Spain, Andorra and France, will soon be redesigning the fast-food sector in Italy and Portugal. #portugalnews #investmentnewsportugal #GoikoPortugal #louisvuittonburgers #brandsnewsportugal

Portuguese aerospace company TEKEVER raises 70 million euros - Portugal Business News Portugal News - Portuguese aerospace company TEKEVER has raised 70 million euros in a Series B funding round led by Baillie Gifford and backed by the NATO Innovation Fund, that is a venture capital fund backed by 24 NATO allies with funding of €1 billion for deep tech in the Defence sector. Baillie Gifford, that is an investment management firm headquartered in Edinburg, was the early backer of Airbnb, Spotify and SpaceX.   Other participants in the TEKEVER funding round include the National Security Strategic Investment Fund, that is a UK government–owned fund supporting advanced technologies related to national security; Crescent Cove Advisors LP, that is an investment firm based in Silicon Valley; and existing investors Iberis Semper, and Cedrus Capital. TEKEVER was advised by The Growth Stage and Houlihan Lokey during the process.   Portuguese aerospace company TEKEVER is the European market leader in AI Unmanned Aerial Systems (UAS), providing AI-centric hardware-enabled systems. The new funding round will allow TEKEVER to accelerate investment in R&D to support product innovation.   TEKEVER has already accumulated numerous successful operations in Ukraine and in its work with the UK Home Office and European Maritime Safety Agency.   TEKEVER systems have been deployed to Ukraine to enable some of the most complex and demanding long range intelligence, surveillance and reconnaissance missions, performed under the most extreme operational and technical conditions. #portugalnews #investmentnewsportugal #defencenewsportugal #fundingroundtekever #TEKEVER #portugueseaerospacecompanies #portuguesedrones #AIdrones

US startup Trustero raises 10 million dollars funding - Portugal Business News Portugal News - US startup Trustero raises over 10 million dollars in a Series A funding round led by Portuguese VC Bright Pixel Capital, with the support of returning investors Zetta Venture Partners, Engineering Capital and Vertex Ventures. This new investment brings the total funding of Trustero to over 18 million dollars.   US startup Trustero provides advanced AI solutions for security and compliance teams.  Trustero AI handles time-consuming Governance, Risk, and Compliance (GRC) tasks such as gap analysis, remediation guidance, questionnaire automation, and evidence collection, saving teams hundreds of hours each month. The new funding obtained by data security software company Trustero will allow the startup to scale their vision of transforming Governance, Risk, and Compliance through AI. The AI solutions will reshape how organizations approach compliance, turning it from a challenge into a competitive advantage. #portugalnews #investmentnewsportugal #Trustero #BrightPixelCapital

What are the new Zara coffee shops opening in Madrid and worldwide? - Portugal Business News Portugal News – Zara has just launched a new coffee shop concept store branded Zacaffé in Madrid as well as the first Zara by Castro coffee shop in Lisbon, each with unique cultural identities, and a number of new innovative Zara coffee shops are opening soon in exotic locations.   Zara coffee shop Zacaffé Madrid - Portugal Business News Zara just opened its first Zacaffé coffee chain in its Madrid store with an exotic décor inspired by Mudejar architecture to blend a cultural and gastronomic experience.  The Spanish fashion chain has developed an exclusive coffee concept store that draws from Spain’s cultural identity and the capital's Mudejar past through the vision of French Moroccan designer Ramdane Touhami and Art Recherche Industrie.   While Zara’s first coffee shop in Madrid, Zacaffé, is inspired by Mudéjar decorative elements, the Zara coffee shop concept stores in each country will have their own identity according to the cultural elements of the locations where they will be established.    Zara coffee shop Zara by Castro Lisbon - Portugal Business News While Zara’s largest store opened in April 2022 in the emblematic Plaza de España in Madrid, Zara opened its second largest store  in the world in Lisbon in 2024.   Zara’s new megastore in Lisbon includes Zara’s first coffee shop concept store in Portugal, under the brand name Zara by Castro.  The Zara coffee shop in Lisbon is inspired by Portuguese gastronomy and art, where visitors can experience Portugal’s typical cream tarts, the Pastéis de Nata, prepared by the Castro Atelier, in a tribute that tastes of centuries of history and tradition through the vision of the Portuguese artisan tradition of Elsa Urquijo Arquitectos.     Zara coffee shop Athens - Portugal Business News Zara also just opened a coffee shop concept store in Athens to celebrate Greek lifestyle the local way: with koulouri, coffee, and a table of traditional Greek delights.   Zara coffee shop London - Portugal Business News Zara’s largest store in the United Kingdom is in London, in the iconic Battersea Power Station district, where the new Zara Café concept in London pays homage to the English tradition with tea, coffee, cakes and scones.  Zara Collective coffee shop Dubai - Portugal Business News The Zara Collective coffee shop at the Mall of the Emirates represents an organic evolution of the Zara brand, venturing beyond fashion into a realm of multisensory experiences. It is a dynamic space where Zara customers not only enjoy coffee, but also experience the brand in a more holistic way.     In what countries will Zara coffee shops open next? Zara coffee shops - Portugal Business News The Spanish multinational that owns the Zara brand, INDITEX group, has announced plans for the international expansion of its coffee shop concept stores with openings scheduled in Tokyo, Japan, and in Seoul, South Korea by 2025. The new Zara coffee shop concept stores will adapt the design and offering of each coffee shop to each individual country’s culture and gastronomy.         #portugalnews #newszaracoffeeshops #Zacaffé #ZarabyCastro #whatarethenewzaracoffeeshopsopeninginmadridandworldwide  #newzaracoffeeshopinmadrid #newzaracoffeeshopinlisbon #INDITEX #RamdaneTouhami #ArtRechercheIndustrie #ElsaUrquijoArquitectos  #inwhatcountrieswillzaracoffeeshopsopennext

EDP chooses Portugal to invest 115 million euros to build its largest hybrid PV plant in Europe - Portugal Business News Portugal News – EDP chooses Portugal to invest 115 million euros to build its largest hybrid PV plant in Europe that will combine with the Alqueva hydroelectric plant to inject power from two renewable energy sources into the same injection point. EDP Renewables, that is headquartered in Madrid and traded on Euronext Lisbon under EDPR, has chosen Portugal’s Alentejo region to build its largest photovoltaic (PV) plant in Europe, the Sobreira photovoltaic plant. Portugal’s new PV plant will have an installed capacity of 242 MWp and an average annual electricity production of 418 GW/h. The EDPR Sobreira PV plant will be a hybrid project, as it will inject its electricity into the grid through the connection point attached to the Alqueva II hydroelectric plant. This will allow solar energy to be injected into Portugal’s electricity grid during the day, while hydroelectric energy will be injected into the electricity grid at night. Portugal’s new hybrid PV project to be built by EDP will optimize the use of the Alqueva II hydroelectric plant that will store the hydraulic energy produced during the day in reservoirs to be used in periods of low solar resource. #portugalnews #renewableenergynewsportugal #largesthybridPVplantineurope #Sobreiraphotovoltaicplant #AlquevaIIhydroelectricplant

Bobbi Brown Cosmetics opens its first store in Portugal - Portugal Business News Portugal News - Bobbi Brown Cosmetics, that belongs to the Estée Lauder group, has just opened its first store in Portugal. The American brand is now available at the NorteShopping mall in Porto.   The new Bobbi Brown store in Porto will not only showcase its iconic cosmetics but will also offer beauty consultancy services.     #portugalnews #bobbibrownportugal #bobbibrowncosmetics #cosmeticsbrandsportugal

Here are the Real Estate Investment figures and trends for Portugal: Portugal News – Foreigners invested 1 billion euros in real estate in Portugal during the summer months of July to September 2024. Here are the FDI Real Estate Investment figures and trends for Portugal:   At the end of the third quarter of 2024, the stock of Foreign Direct Investment (FDI) in Portugal rose to reach 5.6 billion euros   representing 70% of GDP. This compares to 4.2 billion euros in the third quarter of 2023. The increase in Foreign Direct Investment in Portugal for the third quarter of 2024 is mainly due to Real Estate Investment amounting to 1.0 billion euros.     Here are the main sources of Foreign Direct Investment to Portugal in Q3 2024: 1 – Europe  – reaching 4,853.17 million euros 2 – America  – reaching 334.68 million euros 3 – Asia  – reaching 287.5 million euros   Here are the Foreign Real Estate Investment figures for Portugal for Q4 2022 – Q3 2023:   Q4 2022  – 762.23 million euros Q1 2023  – 850.70 million euros Q2 2023  – 1,030.38 million euros Q3 2023  – 1,137.51 million euros Q4 2023  – 853.13 million euros Q1 2024  – 662.26 million euros Q2 2024  – 903.57 million euros Q3 2024  – 984.03 million euros     Map showing Foreign Real Estate Investment trends for Portugal for Q3 2019 – Q3 2024: FDI Real Estate Investment trends for Portugal for Q3 2019 – Q3 2024 - Portugal Business News #portugalnews #foreigndirectinvestmentfiguresportugal #foreigninvestmentinrealestateinportugal #realestateinvestmentfiguresandtrendsforportugal #mainsourcesofforeigndirectinvestmenttoportugal #foreignrealestateinvestmenttrendsportugal #realestatenewsportugal #propertynewsportugal

What are the tech startup sectors that generated the most revenues in Portugal & what is the contribution of startups to the Portuguese economy? What are the fastest growing startups in Portugal? - Portugal Business News Portugal News - What are the fastest growing startups in Portugal? What are the tech startup sectors that generated the most revenues in Portugal and what is the contribution of startups to the Portuguese economy?    Portugal’s leading tech startups that are part of ScaleUp Portugal are registering strong growth and innovation, according to the Scaleup Portugal Report 2024 by BGI and EIT Digital. The 334 tech startups analyzed in this report generated 188 million euros in total revenues.   What is the contribution of startups to Portugal’s economy? The contribution of startups to Portugal’s economy has shown consistent growth, with a gross value-added growth rate of 44% over the past five years. In 2023, Portuguese startups contributed 61 million euros in gross added value to the economy.     Portugal’s tech startup sectors that generated the most revenues are: 1 - ICT startups that generated 89 million euros 2 - Cleantech & industry 4.0 startups that generated 64 million euros 3 - Consumer & web startups that generated 35 million euros.     Here are the Top 10 fastest growing startups in Portugal: 1 – i-charging i-charging is a cleantech and industry 4.0 scaleup based in Porto.   2 – BLOQ.IT BLOQ.IT is an ICT scaleup based in Lisbon   3 – 360hyper 360hyper is a consumer and web scaleup based in Lisbon   4 – ZENPRICE ZENPRICE is an ICT scaleup based in Castelo Branco   5 – TagEnergy TagEnergy is a cleantech and industry 4.0 scaleup based in Lisbon   6 – BNEXT BNEXT is an ICT scaleup based in Aveiro   7 – inoener Inoener is a cleantech and industry 4.0 scaleup based in Coimbra   8 – DAREDATA ENGINEERING DAREDATA ENGINEERING is an ICT scaleup based in Lisbon   9 – ISQCTAG ISQCTAG is a cleantech and industry 4.0 scaleup based in Viana do Castelo   10 – Effizency Effizency is an ICT scaleup based in Lisbon   #portugalnews #startupnewsportugal #whatarethefastestgrowingstartupsinportugal #whatarethetechstartupsectorsthatgeneratedthemostrevenuesinportugal #whatisthecontributionofstartupstotheportugueseeconomy

Portugal News - What are the Top 100 best companies to work for in Portugal after leaving university?   This is the ranking of the best companies to work for in Portugal after leaving university according to the Merco Talent Portugal 2024 study. These are also the largest companies in Portugal with programs to attract young talent, including internship and career development programs that encourage creativity and collaboration.     Top 100 best companies to work for in Portugal after leaving university 1 – Microsoft 2- Google 3 – Sonae 4 – Deloitte 5 – Nabeiro Group (Delta Coffees) 6 – EDP 7 – Nestlé 8 – Super Bock Group 9 – Santander 10 – Galp 11 – IKEA 12 – Siemens 13 – Mercedes-Benz 14 – Altice 15 – Caixa Geral de Depósitos 16 – NOS 17 – BMW 18 – Samsung 19 – BNP Paribas 20 – PWC 21 – Volkswagen Group 22 – Mercadona 23 – Vodafone 24 – Lidl 25 – Coca-Cola 26 – SUMOL+COMPAL 27 – Banco BPI 28 – L’Oréal 29 – Tesla 30 – FNAC 31 – Jerónimo Martins 32 – Worten 33 – Accenture 34 – The Navigator Company 35 – TAP Air Portugal 36 – Fidelidade 37 – Banco Montepio 38 – CUF 39 – Continental 40 – Novo Banco 41 – RTP 42 – Renault 43 – Pestana Hotel Group 44 – Continente 45 – Grupo Salvador Caetano 46 – Corticeira Amorim 47 – Mota-Engil 48 – Decathlon 49 – Johnson & Johnson 50 – El Corte Inglés 51 – Danone 52 – Pfizer 53 – Cisco 54 – Leroy Merlin 55 – MCKINSEY 56 – Vila Galé 57 – Grupo Impresa (SIC) 58 – AGEAS 59 – Auchan 60 – Lusíadas Saúde 61 – Unilever 62 – Repsol 63 – Inditex 64 – CTT 65 – MCDONALD’S 66 – Prozis 67 – Renova 68 – Aldi 69 – BRISA 70 – Mango 71 – Prio energy 72 – BANKINTER 73 – MILLENIUM BCP 74 – LUZ SAÚDE 75 – LACTOGAL 76 – Outsystems 77 – Procter & Gamble 78 – Iberdrola 79 – ASTRAZENECA 80 – SOGRAPE 81 – NATIXIS 82 – ENDESA 83 – REN 84 – IBERSOL 85 – BIAL 86 – Hovione 87 – BSH ELETRODOMESTICOS 88 – Generali Tranquilidade 89 – Grupo Casais 90 – Grupo Visabeira 91 – Sociedade Central de Cervejas 92 – MAPFRE 93 – Grupo PSA 94 – Novartis 95 - ERNST & YOUNG 96 – VIERA DE ALMEIDA ADVOGADOS 97 – BLIP 98 – GREENVOLT 99 – CRITICAL TECHWORKS 100 – NTT DATA #whatarethebestcompaniestoworkforinportugal #whatarethelargestcompaniesinportugal #bestcompaniestoworkforinportugalafterleavinguniversity #jobsinportugal #workinginportugal #portugalnews #HRnewsportugal

What are the Best Pharmaceutical Companies to Work for in Portugal? - Portugal Business News Portugal News - What are the best pharmaceutical companies to work for in Portugal after leaving university?   This is the ranking of the best pharmaceutical companies to work for in Portugal after leaving university according to the Merco Talent Portugal 2024 study. These are also the largest pharmaceutical companies in Portugal with programs to attract young talent, including internship and career development programs.     These are the best pharmaceutical companies to work for in Portugal after leaving university: 1 – PFIZER 2 - ASTRAZENECA 3 – BIAL 4 – HOVIONE 5 – NOVARTIS 6 – ROCHE 7 – ABBOTT LABORATORIES #whatarethebestpharmaceuticalcompaniestoworkforinportugalafterleavinguniversity #whatarethebestpharmaceuticalcompaniestoworkforinportugal #bestcompaniestoworkforinportugal #jobsinportugal #HRnewsportugal #portugalnews

What are the Best Accounting Firms to Work for in Portugal? - Portugal Business News Portugal News - What are the best accounting firms to work for in Portugal after leaving university?   This is the ranking of the best accounting and consulting firms to work for in Portugal after leaving university according to the Merco Talent Portugal 2024 study. These are also the largest accounting and consulting firms in Portugal with programs to attract young talent, including internship and career development programs.     These are the best accounting and consulting firms to work for in Portugal after leaving university: 1 – DELOITTE 2 - PWC 3 – ACCENTURE 4 – MCKINSEY 5 – ERNST & YOUNG 6 – BOSTON CONSULTING GROUP 7 – CAPGEMINI 8 – BAIN & COMPANY #whatarethebestaccountingfirmstoworkforinportugalafterleavinguniversity #whatarethebestaccountingfirmstoworkforinportugal #jobsinportugal #workinginportugal