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2 March, 2021
Over Half of Europeans Hope They’ll Be Able to Travel Before August 2021
The increasing number of approved vaccines, and in line with it, the increasing number of vaccinated persons, has raised the hopes of many in Europe that by the beginning of summer, they will be able to take at least their first trip, after months of social distancing. A report of the European Travel Commission (ETC) […]
Over Half of Europeans Hope They’ll Be Able to Travel Before August 2021
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1 March, 2021
Portugal Is 6th Country in EU With Most Vaccines Completed
Portugal’s ranking when it comes to vaccines completed is ‘pretty good’,Portugal is the 6th European country with most vaccines completed. Vis-a-vis the number of citizens vaccinated per 100,000, this, at 6.7, sees the country in 22nd place worldwide, with the top 10 being: Israel (87.1), United Arab Emirates (56.2), the United Kingdom (27), Jersey (Channel Islands […]
Portugal Is 6th Country in EU With Most Vaccines Completed
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25 February, 2021
Mercan Group releases 11th project: Porto Art’s Suites – A member of Porto Art’s Hotel
Porto Art Suites is an exquisite serviced apartment-hotel project; together with its sister-branch Porto Art Hotel; combining into a collection of “Porto Art Selection” that Mercan Group/RAG Group develops to specially cater smart travelers to the exciting city of Porto. Located in the historic center zone with only 10 minutes’ walk to tourist spots in […]
Mercan Group releases 11th project: Porto Art’s Suites – A member of Porto Art’s Hotel
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15 February, 2021
Portugal Golden Visa’s Update: There Is No Changes On Real Estate Rehabilitation Category
After a year of rumors and ever-changing semi-official announcements, on February 12, 2021, the actual updates to the law were published. It takes effect on January 1, 2022. (Decree-Law No. 14/2021 of February 12, issued by the Council of Ministers). There will be no changes on the regulations related to the Golden Visa category in Portugal regarding […]
Portugal Golden Visa’s Update: There Is No Changes On Real Estate Rehabilitation Category
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5 February, 2021
Mercan Group’s project updates: Set Up Model Room of Four Points Sheraton Hotel, Matosinhos
Four Points Sheraton Hotel (or Broadway A-part Hotel) is the project of Mercan Group – RAG that qualified for Portugal Golden Visa Program. Four Points by Sheraton Matosinhos is located near the beach in Matosinhos and in front of a city park in Porto. Mercan Group called successfully 54 investment slots. The Hotel started to […]
Mercan Group’s project updates: Set Up Model Room of Four Points Sheraton Hotel, Matosinhos
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28 January, 2021
Mercan’s project update: Marriott Renaissance starts construction in Lapa, Porto
Marriott Renaissance Lapa is the project of Mercan Group which qualified for Golden Visa Program (ARI). Apart from becoming EU citizen via Golden Visa Program, the Marriott Renaissance will bring a great investment opportunity in hotel industry in Porto. The MARRIOTT RENAISSANCE LAPA is the rehabilitation from the 2.5 acres land to four-star hotel in […]
Mercan’s project update: Marriott Renaissance starts construction in Lapa, Porto
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28 January, 2021
Europe Union supports Portugal 45 billion Euro to recover the economy
To address the biggest crisis since World War II, the European Union has released itself with a new ‘Marshall Plan’, an economic recovery package worth 1.8 trillion euros, with more than 45 billion euros was allocated to Portugal. This package combines a multi-year budget for the period 2021-2027 of € 1.07 trillion and the ‘NextGenerationEU […]
Europe Union supports Portugal 45 billion Euro to recover the economy
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28 January, 2021
EU Commission approves 2nd Covid-19 vaccine (Moderna)
The European Union’s pharmaceutical agency green-lighted Moderna Inc.’s Covid-19 vaccine, a decision aimed at giving the 27-nation group a second vaccine for use in the fight with the pandemic. “This vaccine provides us with another tool for overcoming the current emergency,” said Emer Cooke, CEO of EMA. “It is a testament to the efforts and […]
EU Commission approves 2nd Covid-19 vaccine (Moderna)
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28 January, 2021
House price in Portugal still increase 5.9% during the pandemic year 2020
The whole world are working together to fight against the Covid-19 pandemic in 2020. Many industries are affected, including Real Estate. Although the real estate situation in the world is extremely bleak, but Portugal has emerged as a bright spot. Compared to 2019, house prices in Portugal still increased by an average of 5.9% (reaching […]
House price in Portugal still increase 5.9% during the pandemic year 2020
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27 January, 2021
Portugal – Construction sector grows in 2020
Estimates by AICCOPN and AECOPS point to an increase in the gross value of the sector’s production to 13,739 million euros. Growth rate in 2018:3,5 and 2019:6%. Investment (GFCF) in construction and the Gross Value Added (GVA) of the sector recorded changes of 4.3% and 3.2% in the first three quarters of 2020, in year-on-year […]
Portugal – Construction sector grows in 2020
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26 January, 2021
Americans Among Fastest Growing Applicant Groups for Portugal’s Golden Visa in 2020
In 2020, Americans were included in the monthly top 5 for May (19), July(12), Aug(7), Sep(5), Oct (5) and Nov(12). Count till November, total 60 applicants approved, compared to 2019- top 5 (65) and 2017,2018, American was now in top 5 of SEF annual report. Americans are rushing to apply for Portugal´s Golden Visa program […]
Americans Among Fastest Growing Applicant Groups for Portugal’s Golden Visa in 2020
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22 January, 2021
Investment in Portugal Golden Visa dropped 13% in 2020
In 2020,investment in ARI program, also known as the Golden Visa , reaches 646,729,464.80 euros, compared to 742 million euros in 2019 – a decrease of about 13% , according to data from the Portuguese Immigration Service (SEF). The figures show that 1,182 profiles have been approved, less than 1,245 granted in 2019. In December, […]
Investment in Portugal Golden Visa dropped 13% in 2020
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15 January, 2021
PORTUGAL NEWS: Two-weeks Lockdown, But SEF Stay Work As Usual
Prime minister António Costa has announced the form of Portugal’s new lockdown which comes into effect from 0.00 hours on Friday. “Each one of us has to stay at home”, Mr Costa stressed. “We have to mobilise in the sense of a community. We have to unite once again with the firm intention of saving […]
PORTUGAL NEWS: Two-weeks Lockdown, But SEF Stay Work As Usual
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31 December, 2020
Gold visas in Lisbon and Porto end on July 1
The Government approved in the Council of Ministers the revision of the gold visa regime, in an attempt to channel more foreign investment to low-density territories, as is the case in the interior of the country. The review will stop investment in real estate through gold visas in the most desirable regions, namely Greater Lisbon […]
Gold visas in Lisbon and Porto end on July 1
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31 December, 2020
Portuguese economy to grow 3.9% in 2021
The Bank of Portugal expects that the country’s economy will contract by 8.1% in 2020, but recovering 3.9% in 2021.The 3.9% growth rate is below the 5.4% forecast by the Portuguese government. The BoP’s projections “assume that the restrictions are gradually withdrawn from Q1 2021, although the activity will remain conditioned until early 2022, when […]
Portuguese economy to grow 3.9% in 2021
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