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Textile Company from Santo Tirso that worked for Primark and closed without warning goes to auction
Nuri, a factory specialized in sports socks in Santo Tirso and valued at 4 million euros, will be up for auction on October 13th. It takes place at the Hotel Cidnay, starting at 2:30 pm.
https://ominho.pt/textil-de-santo-tirso-avaliada-em-45-milhoes-vai-a-leilao/
Local Accommodation creates around 4 jobs through expenses generated by tourists
In terms of Employment, the impact of expenses from tourists staying in AL contributes 316 thousand jobs to the economy and, considering these same expenses incurred by local accommodation guests, on average, each AL unit helps to create 3.8 jobs in the national economy.
https://www.ambitur.pt/alojamento-local-cria-cerca-de-4-empregos-atraves-das-despesas-geradas-pelos-turistas/
Exports of car components rise 19.6% until July
Europe accounts for 89.4% of sales made this year, with exports of car components to this region growing 22.1% between January and July, compared to the same period last year.
https://eco.sapo.pt/2023/09/12/exportacoes-de-componentes-automoveis-sobem-196-ate-julho/?fbclid=IwAR3A7CS4a4gBGpJSmwYIBt1WxiVr6rzERFH6IZzOs-hTnQO1pjudmWFkSRk
Café Relógio, in Camacha, is for sale for an estimate value of 2.4 million euros
The sale will be made through an online auction, conducted by Leilosoc. José Pereira, Insolvency Administrator, explains that the collection of proposals for sale at auction will begin next Monday.
https://www.rtp.pt/madeira/economia/cafe-relogio-na-camacha-esta-a-venda-pelo-valor-base-de-24-milhoes-de-euros-audio_125081
Rafael Reis did not miss his opportunity and was number 1 in the JN/LEILOSOC Grand Prix
Exciting finale in Viana do Castelo at the farewell to the 32nd JN/Leilosoc Grand Prix. Rafael Reis did not miss the Glassdrive-Q8-Anicolor and, for the second time in his career, won the competition. The runner from Palmela, who had already triumphed in JN in 2016, returned this Sunday to claim victory.
https://www.jn.pt/333615142/rafael-reis-nao-falhou-oportunidade-e-foi-o-numero-1-do-grande-premio-jn/
Government already has a plan to allocate maritime areas to wind energy production
The Ministry of Economy and the Sea announced on Tuesday that the allocation plan for exploration of renewable energies (PAER) designed by the Directorate-General of Natural Resources, Safety and Maritime Services (Dgrm) for future areas of deployment of wind projects at sea had the green light of the advisory committee created in April by the Government.
https://www.publico.pt/2023/09/05/economia/noticia/governo-ja-plano-afectar-areas-maritimas-producao-energia-eolica-2062262
Auction of Freddie Mercury items earns 14.3 million euros
The auctioneer Sotheby’s hosted the first of six nights of auctions of objects that belonged to Freddie Mercury, the legend and lead singer Queen, a band that broke records with their debut album.
https://expresso.pt/blitz/2023-09-07-Leilao-de-objetos-de-Freddie-Mercury-rende-143-milhoes-de-euros-do-anel-que-recebeu-de-Elton-John-a-porta-da-casa-onde-viveu-ate-ao-fim-7ff2216a
Historic villages of Portugal distinguished by the World Tourism Organization
The World Tourism Organization has distinguished the 12 Historic Villages of Portugal as an exemplary destination of good practices at the international level. It is a recognition of the work done in the areas of urban rehabilitation, accessibility and sustainability.
https://expresso.pt/economia/economia_turismo/2023-08-22-Aldeias-Historicas-de-Portugal-distinguidas-pela-Organizacao-Mundial-do-Turismo-9b553744
Solar energy covers for the first time 10% of electricity consumption in Portugal
In July, for the first time, REN recorded a two-digit contribution from photovoltaics to national consumption on the national electricity grid: solar energy supplied 10% of the electricity consumed in the country last month
https://expresso.pt/economia/economia_energia/2023-08-02-Energia-solar-cobre-pela-primeira-vez-10-do-consumo-de-eletricidade-em-Portugal-4a3cb481
Record Number of Registrations for Local Accommodation in Madeira
Last year, a record number of local housing was recorded in Madeira. This is due to the increase in the number of buildings available. Funchal, Calheta and Santa Cruz were the counties where more units were made available.
https://www.rtp.pt/madeira/sociedade/numero-recorde-de-registos-para-alojamento-local-na-madeira-audio_121676
Gondomar Filigrana in public consultation for registration as cultural heritage
The Directorate-General of Cultural Heritage (DGCH) wants to classify the Gondomar filigrana as intangible heritage, having opened today a period of public consultation of 30 days, according to the publication in Diário da República (DR).
https://www.lusa.pt/culture/article/2023-07-19/41211918/filigrana-de-gondomar-em-consulta-p%C3%BAblica-para-inscri%C3%A7%C3%A3o-como-patrim%C3%B3nio-cultural
Thirteen Portuguese textiles companies fly to Milan to conquer the Italian market
The Portuguese team, consisting of 13 companies, aims to attract foreign customers and showcase the latest news in another edition of Milano Unica.
https://eco.sapo.pt/2023/07/11/treze-texteis-portuguesas-voam-ate-milao-para-conquistar-mercado-italiano/
“Cluster” of shoes wants to be an international reference
The national footwear industry wants to take advantage of the sustainability challenge to increase its weight nationally and internationally. Based on a “cluster” and a green pact, it is preparing for a new decade of growth.
https://www.jornaldenegocios.pt/sustentabilidade/social/detalhe/20230712-0837-cluster-do-calcado-quer-ser-referencia-internacional
Klimt’s painting hits European record for 98.7 million
One of the last portraits created by Austrian painter Gustav Klimt (1862-1918) was sold at auction on Tuesday for £85.3 million (€98.7 million), thus hitting a record for an artwork auctioned in Europe.
https://www.jn.pt/4714515411/quadro-de-klimt-atinge-recorde-europeu-com-venda-em-leilao-por-987-milhoes/
86% think it is safe to shop online
The pandemic came to boost a commercial activity that was already felt, though on a smaller scale, which is purchases made through Internet platforms. As such, we asked our readers whether they consider online shopping to be a safe process. And it seems that, in most cases, it is.
https://pplware.sapo.pt/internet/86-consideram-que-na-maior-parte-dos-casos-e-seguro-fazer-compras-online/
Iberian cork, paper and environmental services sectors are much more resilient than European counterparts
Iberian companies in the field of paper, cork production and environmental services (including the Portuguese Altri, Corticeira Amorim, Semapa and The Navigator) have proven to be more resilient despite the pandemic and war in Ukraine than their European counterparts, according to the “BCG Transform Index: The European Economy and the Resilience Imperative”, conducted by the Boston Consulting Group.
https://www.ambientemagazine.com/setores-da-cortica-do-papel-e-de-servicos-ambientais-ibericos-sao-muito-mais-resilientes-do-que-homologos-europeus/
National funds and the European Agricultural Reserve could reach 35 million euros
The Government said today that support to Portuguese farmers due to the drought could amount to 35 million euros, supplementing with national funds the European Commission’s proposal of 11.6 million with funds from the European Agricultural Reserve.
https://www.rtp.pt/noticias/mundo/verbas-nacionais-e-da-reserva-agricola-europeia-podem-ascender-aos-35-milhoes-de-euros-ministra_n1495906
Public works contracts signed rise 47% until May
Contracts concluded in the framework of public procurement totaled EUR 809 million, while agreements signed by direct adjustment reached EUR 231 million.
https://www.jornaldenegocios.pt/empresas/construcao/detalhe/contratos-de-obras-publicas-celebrados-sobem-47-ate-maio
Vila Velha de Ródão announces green hydrogen project of €161 million
The City Hall of Vila Velha de Ródão has contracted the sale of a land of 5.6 hectares to the company DH2, to develop a green hydrogen project with an estimated investment of 161 million euros
https://expresso.pt/economia/economia_energia/2023-06-13-Vila-Velha-de-Rodao-anuncia-projeto-de-hidrogenio-verde-de-161-milhoes-792e31ef
The number of sleeping nights in Portugal increased by almost 15% in April compared to the pre-pandemic period
Tourist accommodation occupation rates continue to rise, recording a total of 2.7 million guests and 6.8 million overnight stays in April.
https://eco.sapo.pt/2023/05/31/numero-de-dormidas-em-portugal-cresce-quase-15-em-abril-face-ao-periodo-pre-pandemia/
Wine exports to Russia and Ukraine doubled in the first quarter
Portugal has never sold so much wine to Ukraine as in this start of 2023. For Russia it was €2.2 million, equivalent to the same period of 2021. Food products are not subject to sanctions.
https://www.dinheirovivo.pt/economia/exportacoes-de-vinho-para-a-russia-e-a-ucrania-quase-duplicaram-no-primeiro-trimestre-16359199.html
Batteries with a range of 1000 km could be sold by 2024
Battery technology continues to advance and the industry knows that for electric mobility to be undeniable, even better batteries with greater autonomy are needed. The Chinese Gotion High Tech may have a word to say in this chapter.
https://automais.autosport.pt/noticias/baterias-com-autonomia-para-1000-km-podem-ser-comercializadas-em-2024/
Mobility and logistics are undergoing “radical transformation”
The European Mobility and Intelligent Transportation Congress is taking place in Lisbon. 5G, the Internet of Things, artificial intelligence and decarbonisation are among the main facilitators of the transformation.
https://www.jornaldenegocios.pt/sustentabilidade/governacao/detalhe/mobilidade-e-logistica-estao-a-sofrer-transformacao-radical
Tourism places Portugal among the fastest growing in the EU this year
The European Commission has upgraded its growth forecast for Portugal this year from 1% to 2.4%. The result is a strong recovery in tourism in the first quarter.
https://www.publico.pt/2023/05/15/economia/noticia/turismo-coloca-portugal-crescem-ue-ano-2049641
Shoe exports cut profits in first quarter
Portuguese footwear exports increased by 7.5% in the first three months of the year, compared to the same period of 2022, driven by an increase in the average price of the pair sold, said APICCAPS.
https://www.jornaldenegocios.pt/empresas/detalhe/exportacoes-de-calcado-dao-corda-aos-lucros-no-primeiro-trimestre
Metal Portugal exports grew 27.2% in March and recorded the best 1st quarter ever
Portugal’s exports of metallurgy and mechanical equipment reached a record €2.524 million in March, an increase of 27.2%, recording “the best first quarter”, 19.7% above 2022, the sector association announced today.
https://www.rtp.pt/noticias/economia/exportacoes-do-metal-portugal-crescem-272-em-marco-e-registam-melhor-1o-trimestre-de-sempre_n1485624
Rare Hebrew bible goes up for auction for the 1st time. It could yield 50 million
Gustav Klimt’s work is another premiere at Sotheby’s spring auction in New York.
A series of rare works, including the world’s oldest complete Hebrew Bible and a painting by Gustav Klimt, are up for auction for the first time at Sotheby’s New York spring sales next week.
https://www.noticiasaominuto.com/mundo/2317184/rara-biblia-hebraica-vai-a-leilao-pela-1-vez-podera-render-50-milhoes
Car sales in Portugal grow 37.6% in the first four months
The national car market continues to show significant growth compared to last year.
The car market in Portugal saw an increase in new vehicles registered in the first four months of this year. In total, 78,838 were registered, 37.6% more than in the previous year, according to data released this Tuesday by the Automobile Association of Portugal – ACAP.
https://www.jornaldenegocios.pt/empresas/automovel/detalhe/vendas-automoveis-em-portugal-crescem-364-nos-primeiros-quatro-meses
A path spanning more than 20 years, marked by a culture of entrepreneurship and innovation.
Founded when the auction market in Portugal was still very amateur, Leilosoc has ended up being one of the great responsibles for the professionalization of the sector. It abandoned the floating insolvency auctions and created a business model of auctions in auditoriums, which the competition adopted.
“By habit, we can’t do anything wrong. Our concern is always to do well, to do better and better, to improve.”, said Carlos Gomes, Leilosoc’s CEO.
Created to auction bankruptcy assets, nowadays Leilosoc is a Portuguese-style Sotheby’s that auctions everything, even works of art and collections.
https://www.jn.pt/especial-patrocinado/fazemos-bem/este-ano-temos-uma-capicua-para-celebrar-essa-efemeride-14414415.html
Real Estate Sector: Five Reasons to Invest
The Real Estate Market still presents itself as a good bet for those who intend to explore new business opportunities.
The Real Estate Sector had to deal with various challenges with the end of the subsidized credit system or the pandemic, allied, more recently to the war in Ukraine, the rising inflation and the fast increasing of interest rates. Despite that, the Real Estate Market has has been distinguished by its quick response capacity and, consequently, for being a very interesting area for investors.
https://www.jornaldenegocios.pt/c-studio/detalhe/setor-imobiliario-os-cinco-motivos-para-investir
Resumption, transfers and real estate help leverage municipal accounts in the second year of the pandemic
Court of Auditors says that economic recovery, “budgetary situation of transfers” and “strength” in real estate helped to leverage municipal accounts in 2021.
https://eco.sapo.pt/2023/04/04/retoma-transferencias-e-imobiliario-ajudam-a-alavancar-contas-dos-municipios-no-segundo-ano-da-pandemia/
Mauricio Moreira is the winner of the O JOGO/Leilosoc Grand Prize
Mauricio Moreira is the winner of the O JOGO/Leilosoc Grand Prize.
Picture: Miguel Pereira/Global Images
https://www.ojogo.pt/modalidades/ciclismo/noticias/mauricio-moreira-e-o-vencedor-do-grande-premio-o-jogoleilosoc-16242013.html
At the forefront of luxury real estate
More than one billion euros invested in 22 projects that have won over buyers as soon as they hit the market. The Vanguard Properties group is considered the largest investor in the real estate sector in Portugal and has begun to expand its activity to the industry. In an interview with EXAME, José Cardoso Botelho is peremptory: “In ten years, we would like to be a strong industrial group aimed at exports.”
https://visao.sapo.pt/exame/2023-04-13-na-vanguarda-do-imobiliario-de-luxo/
Chinese real estate recovers in March at fastest pace in 21 months
New home prices in China rose at the fastest pace in 21 months in March, in the latest positive sign for the world’s second-largest economy after three years of lockdown.
https://www.noticiasaominuto.com/economia/2298656/imobiliario-chines-recupera-em-marco-ao-ritmo-mais-rapido-em-21-meses
First lots of Motorclássico Auction available online
The first lots of the Motorclássico Show auction, which will take place on the 4th of March, at 5 pm, can now be consulted online at Leilosoc.com.
https://www.motor24.pt/sites/jornal-dos-classicos/primeiros-lotes-do-leilao-motorclassico-disponibilizados-online/1588515/
31st Cycling Grand Prix JN | Leilosoc
JN is back on the road with the 31st Cycling Grand Prix JN| Leilosoc. From August 29th to September 4th, join the passion of cycling and watch another exciting race in the cities of Figueira da Foz, Gondomar, Santo Tirso, Porto, Ovar, Águeda, Viana do Castelo, Valongo, Maia and Vila Nova de Gaia.
https://www.jn.pt/iniciativas-jn/31-grande-premio-de-ciclismo-jn-leilosoc--15068804.html
Real Estate Awards 2021
Expresso and SIC Notícias team up again for the third edition of the Real Estate Awards. An initiative that aims to reward the best works in this sector for the year 2020.
Rute Monteiro, CMO of LEILOSOC, presented the Interior Architecture – Tourism Award to Miguel Santana, Board Member Fidelidade Property.
https://sicnoticias.pt/especiais/premios-do-imobiliario/2021-10-15-Premio-Arquitetura-de-Interiores---Turismo-bf377513
ACIG: headquarters building will be sold for 2 million euros
In the online auction, held yesterday by Leilosoc, NVE offered 2 million euros and competed until 6 pm with another bidder for the purchase of the classified property located in the historic center protection zone.
https://guimaraesagora.pt/artigos/urbanismo-imobiliario/acig-edificio-sede-sera-vendido-a-nve-se-a-camara-nao-optar/
Nobel Prize in Economics to North Americans Paul Milgrom and Robert Wilson, for the study of auction theory
Americans Paul Milgrom and Robert Wilson will receive the 2020 Nobel Prize in Economics for their study in auction theory, according to the Royal Swedish Academy of Sciences announcement this Monday.
https://observador.pt/2020/10/12/premio-nobel-da-economia-para-norte-americanos-paul-milgrom-e-robert-wilson-pelo-estudo-da-teoria-dos-leiloes/
Eel producer is up for sale in Online Auction for 1.4 million
FindFresh started, in Figueira da Foz with funding of eight million euros from a Norwegian public bank and 3.9 million EU funds, but stopped after three years and went bankrupt.
https://www.jornaldenegocios.pt/empresas/agricultura-e-pescas/detalhe/produtora-de-enguias-afundou-12-milhoes-e-esta-a-venda-em-leilao-online-por-14-milhoes
Zmar Eco Camping Resort shares are being sold at auction
The share corresponding to 56,6% Zmar Eco Camping park, in Zambujeira do Mar, are on sale in an online auction that runs until September 26th.
https://eco.sapo.pt/2019/09/19/acoes-do-zmar-eco-camping-resort-estao-a-ser-vendidas-em-leilao/
Robcorck sold for 1 Million Euros
The industrial facilities of the bankrupt cork company Robcork, where the State has to pay 12.2 million euros, received an auction offer of just over one million from scrap recycler RSA, from Abrantes.
https://www.jornaldenegocios.pt/empresas/industria/detalhe/sucateiro-oferece-um-milhao-por-corticeira-onde-o-estado-enterrou-12-milhoes
Online Auction is conquering its space
The activity of auction houses makes it possible to recover hundreds of millions of euros for creditors, without adding costs to the insolvent estate. In all, the auctions transact assets valued at around two billion euros.
https://www.jornaldenegocios.pt/negocios-em-rede/leiloes-online/detalhe/leilao-eletronico-esta-a-conquistar-o-seu-espaco
VIP seat sold online in Alvalade from a bankrupt cook
The Seat “Leão VIP” in the Sporting stadium, belonging to the bankrupt mass of an insolvent cook, was sold for 1,500 euros in an online auction, which the asset was put up for sale with an opening value of 1 euro.
https://www.jornaldenegocios.pt/empresas/desporto/detalhe/arrematado-online-lugar-vip-em-alvalade-de-cozinheira-falida
Leilosoc awaits formalization of proposal of 5.3 milion euros for the Vida de Cristo Museum
The auction house responsible for the sale of the Vida de Cristo Museum, located in Fátima, announced today that there’s a bid of 5,3 million euros for the totality of assets, although it does not meet the requirements.
https://www.dn.pt/lusa/leiloeira-do-museu-da-vida-de-cristo-aguarda-formalizacao-de-proposta-de-53-me-9300746.html
Auction properties attract Portuguese who prefer to pay in cash
The sale at auction of properties resulting from insolvency and liens is attracting the Portuguese, who prefer to pay in cash. The Portuguese are “applying their savings in real estate assets, in attempt to gather greater income.” Given what the banks offer, public auctions are the best alternative.
