Jerónimo Martins

Portugal Rules Out Intervening To Curb Soaring Food Inflation

Portugal's economy minister has ruled out any government intervention to stem soaring food prices that are hitting households hard, seeing the market as th...

Portugal's Finance Minister Says Cutting VAT On Food Not A Priority

Portugal has no intention of lowering the 6% value-added tax (VAT) levied on basic food products, but will continue to grant direct subsidies to help the m...

Pingo Doce Runs The Biggest Store Network In Portugal, Survey Finds

Portugal closed 2022 with 4,205 stores operated by 34 large-scale retailer brands, with half of the network concentrated in 34 municipalities, according to...

Jerónimo Martins Posts 21.5% Growth In Group Sales In FY 2022

Portuguese retail group Jerónimo Martins has reported 21.5% year-on-year growth in group sales to €25.4 billion in its financial year 2022, acc...

Portugal Approves Windfall Tax On Food Retailers, Energy Firms

Portugal's parliament has approved a 33% tax on the windfall profits that energy companies and food retailers may be bringing in with inflation at a near t...