Sweden → Portugal

Boliden Somincor Breaks Ground on Portugal’s Largest-Ever Solar Plant in Partnership with EDP and Greenvolt

Swedish mining giant Boliden has partnered with EDP and the Greenvolt Group to install a 49 MWp solar generation unit adjacent to the Neves-Corvo mine in Castro Verde, Alentejo — the largest self-consumption solar project ever developed in Portugal. Once operational in the second half of 2026, the plant will produce close to 100 GWh of electricity annually and cut Boliden Somincor’s CO² emissions by more than 41,000 tonnes per year, marking a landmark step in the decarbonisation of one of Europe’s largest zinc-copper operations.

NorthSouth HQ Editorial March 27, 2026 7 min read

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IKEA Opens New-Format Store in Coimbra, Part of €60 Million Portugal Investment

Swedish furniture giant IKEA is opening a new-format 4,000 m² store in Coimbra this summer — the first of its kind in Portugal — as part of a €60 million plan that includes distribution automation and price reductions. Around 34 new jobs will be created at the Mondego Retail Park location.

March 27, 2026 6 min read

Portugal’s IT Nearshore Corridor: 262,000 Tech Professionals Draw Nordic Firms

Portugal’s ICT workforce has reached 262,000 professionals — 5.2% of total employment, above the EU average — while senior developer salaries run 2.1x lower than in Sweden and 2.82x lower than in Norway. With a maximum two-hour time zone gap and active engagements across Scandinavian markets, Portugal is consolidating its position as the Nordic corridor’s preferred nearshore technology hub.

March 27, 2026 5 min read

Portuguese Exports to Scandinavia Cross €2.3 Billion in 2024, Up 10% Year-on-Year

Portuguese goods exports to Sweden, Norway, Finland, Denmark, and Iceland reached €2.3 billion in 2024, up from €2.1 billion in 2023 — a 10% increase driven by textiles, footwear, and agri-food. At roughly 3% of Portugal’s total exports, the corridor remains underpenetrated, offering significant upside as trade agencies on both sides expand their market-entry programmes in 2026.

March 27, 2026 5 min read

Business Sweden Survey: 51% of Swedish Subsidiaries Plan to Raise Portugal Budgets in 2026

The latest Business Sweden Portugal Business Climate Survey finds that 260 Swedish companies now operate in Portugal, employing more than 18,000 people with a combined turnover exceeding €13 billion. Sentiment is strengthening sharply: 51% plan to increase Portuguese budgets this year, up from 41% two years ago, while 76% report profitability. Swedish companies have contributed €4.2 billion to the Portuguese economy over the past five years.

March 27, 2026 6 min read

Portugal Emerges as Europe’s New Safe Haven for Nordic Investors

As global uncertainty intensifies, Portugal is attracting a growing wave of Nordic capital seeking stability. With GDP growth projected at 2.2% for 2026, 76% of Swedish companies reporting profitability, and US FDI into Portugal surging from €6.7B in 2019 to €16.8B in 2025, the country’s appeal as a capital-safe Eurozone destination has never been stronger.

March 27, 2026 7 min read

Nordic Capital-Backed Autocirc Acquires Portuguese Auto Recycler SVP Auto

Swedish circular automotive parts group Autocirc, backed by Nordic Capital, has expanded into Portugal through the acquisition of SVP Auto, a vehicle dismantling and recycling specialist. The deal marks Autocirc’s 12th acquisition in 18 months as part of its rapid pan-European rollout.

March 26, 2026 5 min read

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Boliden Completes €1.3 Billion Acquisition of Portugal’s Neves-Corvo Mine

Swedish mining giant Boliden AB finalised the acquisition of the Neves-Corvo copper and zinc mine from Lundin Mining. The deal doubles Boliden’s zinc production capacity and secures over 1,300 jobs in the Alentejo region.

March 25, 2026 6 min read

Norway and Portugal Forge €100M Green Economy Partnership

Through EEA Grants, Norway is channeling €100 million into Portuguese green transition projects, with focus areas including offshore wind, hydrogen, batteries, and marine business cooperation via the Blue Growth Innovation programme.

March 23, 2026 6 min read

Portugal-Denmark Trade Surges 17% as Textile and Pharma Exports Boom

Danish purchases of Portuguese goods jumped 17% year-over-year, driven by textiles (€121M), chemical products (€88M), and footwear (€78M). Iron, steel, and pharmaceutical products show the strongest recent growth momentum.

March 22, 2026 5 min read