Brazilian entrepreneurs bet on Portugal to debut in wine production

In recent years, Brazilian entrepreneurs have started investing in Portuguese wine, buying vineyards and opening stores. The European country, with 750 wine companies, attracted Brazilian businessman João Carlos Paes Mendonça, from conglomerate JCPM Group, which invested in the Douro. Marcelo Lima, partner of British Tony Smith, has also been producing wine in the Douro region since 2011. "Portugal will have a renaissance," says Portuguese producer Dirk Niepoort, commenting on arrival of Brazilian businesspeople and from other countries. He notes that Portugal has become "an oasis in Europe, frightened by terrorism". Newspapers O Globo, Valor e Público hold in Rio de Janeiro (June 2 to June 4) and in São Paulo (June 9 to June 11) the event Wines of Portugal, with tastings and products.

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