Figures released by the Regional Directorate of Statistics show that the number of bankruptcies and insolvencies the Directorate General of Justice Policy (DGPJ) has processed has increased.
Posts tagged as “insolvency”
This morning, media outlet 'Expresso' announced that the Minister for Infrastructure, Pedro Nuno Santos, had confirmed that TAP -Portugal has stated that as a 'creditor' it has requested that SPdH - Serviços Portugueses de Handling, SA (Groundforce) file for insolvency.
The sad news issued today, is that Madeira's oldest restaurant, the Apolo Restaurant which opened in early December 1945, is sliding towards insolvency.
Within Portugal, almost 40% of restaurants and bars and 18% of tourist accommodation providers intend to file for insolvency according to a survey by the Portuguese Hotel, Restaurant and Similar Association (AHRESP).