Lisbon 22.10.2022

Newspaper Articles

## Articles

### New Qarinah to open in Lisbon

Qarinah Group investment in Lisbon brings more than 20 million euros of investment in fire-affected areas

After the fires in Lisbon back in 2019, the Qarinah started an investment in Lisbon to bring back tourism to the nightlife of the Principe Real region with multiple businesses.

Back in 2020, the Qarinah Group also opened mirror businesses in Barcelona, Madrid and Porto; including Hotels, bars, restaurants, burlesque theaters and others.

The owners continue its aggressive market expansion with one hotel and a private club on the plans for late 2022.

The very exclusive group continues to operate outside the stock market, but with many opportunities for global expansion, the investors expect it to be a matter of time until we see an IPO in the making.

For now, only the ownership is known, and the upper management remains outside public view.

Below a rare photo of the group in charge, when celebrating the 2022 new menu launch on Gluttony – by Qarinah, from left to right, André Candeia, Maria João Guerra and Pedro Fortuna, the three known owners of the international Qarinah group.

### Europe budget might take a turn

POR has been under fire after the last couple of weeks meetings revealed a 2023 budget proposal, featuring the largest ever military spending and a substantial increase for federal police.

While Heiko Mass gave lip service to increasing spending on social programs and taxing billionaires, this was for show, given the narrow margin of the POR Party control in both the Parliament and Council. More significant was his declaration that “fiscal responsibility” would be the priority of his administration, considering the staggering 60% control of the BCE.

In his brief address as he stood alongside budget director Gert Jan Koopman, Hass outlined his priorities as “First, fiscal responsibility. Second, safety and security. And thirdly, investments needed to build a better Europe.”

He then reiterated, “The first value is fiscal responsibility. The previous administration as you all know, ran record budget deficits. In fact, it went up every year under my predecessor. My administration is turning that around. Last year, we cut the deficit by more than $350 billion. This year, we’re on track to cut the deficit even further, being only outmatched in our efforts by Biden across the ocean”

The budget will go into vote next week, with Hass making his appearence in multiple countries, starting in Germany on his hometown and ending in Lisbon a night before the vote.

### Lisbon Triennale on sustainable future

Terra is the main theme of the sixth edition of the Lisbon Architecture Triennale taking place till December 5, 2022. As the earth evolves to harder circumstances for humans, the Triennale's chief curators—Cristina Veríssimo and Diogo Burnay—have selected projects with a diversity of possible solutions for each contextual problem through architecture. With two opening days and four main exhibitions in four distinguished Portuguese cultural and artistic institutions in the capital, the event will see three awards, three days of conferences, a collection of books and a multidisciplinary program of guided tours and activities for children.

As a new aspect of this year's triennale, every exhibition has been curated and planned in collaboration and is being organised by more than one curator. The Lisbon Architecture Triennale will primarily feature four exhibitions— Multiplicity, Retroactive, Cycles and Visionaries by renowned curators from across the globe along with 16 Independent Projects, all of which enrich Terra through installations, conferences, performances, workshops and exhibitions set throughout the city of Lisbon.

Multiplicity features a group of architectural practices and projects curated by Tau Tavengwa and Vyjayanthi Rao; Retroactive, curated by Loreta Castro Reguera and José Pablo Ambrosi, shows design projects which respond directly to community problems and lack of resources; Cycles focuses on the materials and how architectural projects can be sustainable when recycling and reusing waste; Visionaries, curated by Anastassia Smirnova in collaboration with SVESMI, gathers projects that look towards the future, sharing their practices and ideas for a greener and viable planet.