Isabel dos Santos impugns Efacec’s nationalization

ECO News,

As "expropriated", Isabel dos Santos presented on September 25, at the Supreme Administrative Court, an action challenging the government's decision to nationalize Efacec.


TAP announces €582M loss for H1

ECO News,

TAP lost 582 million euros in the first half of the year, a period significantly marked by the impact of the pandemic.





Government wants to build two new bridges to Spain

ECO News,

The Portuguese government wants to take advantage of the Recovery and Resilience Fund (PRR) to build two new bridges linking the Portuguese border to Spain.









Football stadiums remain closed to fans due to Covid-19

Lusa,

The Deputy Secretary of State and Health said that football matches will continue to be played behind closed doors, due to the daily increase in coronavirus cases in the country.


Portugal and the Netherlands seal green hydrogen alliance

ECO News,

The two countries finally formalised the agreement to develop an "export-import strategic value chain, ensuring the production and transport of green hydrogen."



Portuguese debt to reach 133.8% of GDP in 2020

ECO News,

The projection released this Wednesday by the National Statistics Institute (INE) is below the estimate that the government included in the Supplementary Budget: 134.4% of GDP.


Government expects 7.0% deficit this year

Lusa,

Portugal forecasts a deficit of 7.0% for 2020, according to the report to Brussels released this Wednesday, above the 6.3% indicated in the Supplementary Budget, but in line with João Leão' revision.


Portugal with a deficit of 5.4% in H1 due to the pandemic

ECO News,

INE released this Wednesday the budget balance for the first half of this year. The government expects the deficit to exceed 7% of GDP this year because of the coronavirus.


Jobless numbers increase 39% in August

Lusa,

According to monthly Social Security statistic, the number of job seekers with unemployment benefits in Portugal rose by 39% in August to 224,568.


CaixaBank to be quizzed on alleged irregularities in BPI

Lusa,

The complaint started to be investigated almost two years ago, in 2018 and is looking into alleged administrative offences, market position abuse and unfair administration in BPI purchase.