EU allows €1B from Cohesion to be spent on economic recovery
The European Commission has authorised Portugal to redirect one billion of cohesion funds to economic recovery.
Opinion The stress of Leadership: is that really the case?
Sense of control acts as a buffer against stress for top managers.
Auditor of defunct BES bank fined €1M
The Market regulator has fined KPMG a million euros after finding irregularities in the consultancy's activities in the area of legal certification of the accounts of the former BES bank.
New €18M solar energy plant to be built in Albufeira area
In a total investment of €18 million, A new photovoltaic plant will be built this year in Paderne.
2,899 new cases and 31 deaths by Covid-19 in Portugal
The number of people infected with coronavirus continues to increase and, in the last 24 hours, there have been 2,899 new cases.
Closing borders within EU ‘makes no sense’ – government
The second phase of the Covid-19 pandemic "it makes no sense" to close borders again within the European Union, Portugal's secretary of state for European affairs has told members of parliament.
Libyan investor will buy EuroBic only with majority stake
A promissory agreement signed with Isabel dos Santos foresees that the Libyan investor Roger Tamraz can cancel the deal if he does not acquire over 50% of EuroBic's stake.
Banks cut almost 13,000 employees in 10 years
According to Bank of Portugal, banks operating in the country cut almost 13,000 employees and closed more than 2,000 branches in the last 10 years.
3,270 new cases and 16 deaths by Covid-19 in Portugal
The number of people infected with coronavirus continues to increase and, in the last 24 hours, there have been 3,270 new cases.
Limitation on movement from October 30 to November 3
The Portuguese government announced on Thursday that it will be forbidden to circulate between municipalities between October 30 and November 3.
“Recovery is being too slow”. TAP CEO anticipates lower dema
Ramiro Sequeira shared with the workers the operation data until September. He warns that recovery is being "very slow" and is concerned about the demand behavior for the coming months.
Country can play central role in shaping EU policy on Africa
Due to the historical links and influence, The Portuguese Presidency of the European Union can play a central role in shaping European policy on Africa.
Portugal can save 4.5 million per year with social bonds
By borrowing money from Europe instead of going directly to the markets to finance itself, Portugal saves on interest rates as the European Union is able to issue debt on better terms.
Nos and Vodafone will share mobile network across Portugal
Operators have signed various agreements to share mobile network infrastructure and equipment, covering the already existing 2G, 3G and 4G technologies. 5G will depend on the outcome of the auction.
AdC gives ‘green light’ to state control of TAP
Competition authority has given the 'green light' for the reinforcement of the state in TAP, with the acquisition of 22.5% of the company's capital.
New development bank takes off without a new administration
The economy minister met on Tuesday with the leaders of the three institutions that will merge to create Portugal's new development bank, Banco Português do Fomento.
Hotels estimate revenue loss above €3.6B in 2020
The Portuguese Hotel Association (AHP) expects that the loss of hotel revenues in 2020 could be more than €3.6 billion.
2,535 new cases and 16 deaths by Covid-19 in Portugal
The number of people infected with coronavirus continues to increase and, in the last 24 hours, there have been 2,535 new cases.
Defence spending climbs to 1.63% of GDP in 2020
The amount allocated to the defence sector by Portugal is expected to be 1.63% of GDP in 2020.
Novo Banco: Andres Baltar appointed to lead corporate credit
The General Council will appoint a new management team for Novo Banco this Thursday. Ramalho continues as CEO and Andres Baltar, of Barclays Bank, will be appointed as corporate director.
Airbnb multiplies by five the fee charged to hosts
Airbnb registered hosts will pay a 15% commission to the platform instead of the current 3%. Guests, in turn, will no longer pay the service fee but only the accommodation.
Hotel sector wants TAP sized to national tourism
The president of the Hotel Association of Portugal (AHP) said on Wednesday that the sector wants an airline company that is sized to the national tourism.
EDPR and Ellaktor reach agreement to invest in Greece
EDP Renováveis has signed a partnership agreement with Ellaktor for the joint-development of wind farms in Greece. The investment could exceed one billion euros.