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October 15, 2019Undersea data cable to connect Portugal to Brazil
A transatlantic submarine cable that will link Sines in Portugal, to Fortaleza in Brazil, representing an investment of €170 million, will see its first data transmission in late 2020. The submarine cable will pass through Cape Verde and Madeira, installing...
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October 12, 2019Condé Nast Traveler – Portugal 3rd favorite country
Portugal voted 3rd Favourite Countries in the World by Condé Nast Traveler readers. Condé Nast Traveler readers have ranked their favourite countries around the world with the magazine publishing the final results last monday. Indonesia was ranked in first place with...
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September 28, 2019Portugal’s residential markets reached a historic 26 billion euros in 2018
Investment in Portugal’s residential markets reached a historic 26 billion euros in 2018 and grew by 19 percent in the first nine months of the year, according to the Instituto Nacional de Estatística (Statistics Portugal). As well as the growth...
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September 24, 2019Unbabel raises €55 million
Lisbon-based Unbabel, a translation platform that combines AI technology with the human element, has raised €55 million in Series C financing. The round was led by Point72 Ventures, along with e.ventures, Greycroft, and Indico Capital Partners, along with previous investors,...
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September 21, 2019Portugal Tax Authority announces it won’t tax cryptocurrency
The Portugal Tax Authority (PTA) announced that cryptocurrency trading and payments in crypto would not be subject to value-added tax (VAT). According to the PTA “An exchange of cryptocurrency for ‘real’ currency constitutes an on-demand, VAT-free exercise of services.” The...
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