Foreign investment at high in 2019

Lusa,

The Minister of Economy said that the foreign investment contracts captured by the Portuguese agency for foreign trade and investment (AICEP) reached "a new high" in 2019.

Police, public prosecutors search Portuguese banks

Lusa,

The criminal investigation police (PJ) and the public prosecutor's office started 15 searches of banking institutions and company headquarters.

Number of foreign residents tops 500,000 for first time

Lusa,

The Portuguese minister of internal administration announced that the number of foreign nationals living in Portugal exceeded 500,000 in 2019.

Rents in Lisbon go down for the first time in three years

ECO News,

The Residential Rents Index registered, in the third quarter of last year, the first negative change since the third quarter of 2016, according to data from Confidencial Imobiliário.

Portugal: Expo 2020 to focus on language, culture, music

Lusa,

Portugal's participation in Expo Dubai, after 10 years in which the country has been absent from universal exhibitions, has a total investment of around 21 million euros.

Portuguese dividends are less attractive

ECO News,

The appreciation of the Lisbon stock market below the peers made Portugal fall in the ranking of the best dividends (compared to the share price).

Portuguese, Mozambican Presidents call for new investment

Lusa,

During an official meeting in Maputo, The Portugues President, Marcelo Rebelo de Sousa, said that the time has come for Portugal to invest in Mozambique.

Report Foreigners passionate about Portugal’s interior

Luís Alexandre, Hugo Amaral, Frederico Pedreira, Ana Raquel Damas,

Fundão is currently an epicentre of foreign investment in the country. ECO went to know four stories of three different nationalities, who decided to abandon their origins.

EDP wins new contract for solar energy in Brazil

ECO News,

The Portuguese company has currently contracted 5.3 GW of the approximately 7.0 GW of global capacity planned for the period 2019-22.

Minister of Finance expects reduction of public debt in 2019

ECO News,

According to Portugal's finance minister, public debt will have fallen in nominal terms last year. If confirmed, it will be the first fall in government debt since 1995.

Amorim to invest in Australia and Chile

ECO News,

The company plans to open a new plant in Adelaide, Australia, in April and will open a new unit in Chile next year with a local group. This is an investment of 4.5 million euros.

With EDP at highs, BlackRock and Elliot reinforce positions

ECO News,

BlackRock and Elliot strengthened their positions as the third and fifth largest shareholders in the company led by António Mexia. BlackRock now holds over 5% of EDP's capital.

Left Bloc to abstain in first budget vote

Lusa,

The Left Bloc announced its intention to abstain in Friday’s first vote on the draft state budget for 2020. The announcement means that the bill’s passage on its first reading is now all but assured.

Portugal condemns Iranian missile strikes against US forces

Lusa,

The Foreign Minister has called for the conflicts in the Middle East to be resolved by political means, condemning Iran's attacks on US air bases in Iraq.