Central Bank alerts against “potentially anaemic growth”
Carlos Costa, BdP's governor, said that the problem in the Portuguese economy isn't the number of hours spent working, but rather the low productivity of the country in comparison to other EU states.
Micro enterprises generate more wealth than SME’s in the EU
SME’s, or enterprises with less than 250 persons employed are often seen as the “backbone of the European economy, providing jobs and growth opportunities” for the EU member states.
Foreign subsidiaries account to 1.6% of non-financial sector
There were 6455 foreign subsidiaries in Portugal, which accounts for 1.6% of the non-financial sector's production. The average income in these (€1,351) was higher than in national companies (€943).
CPLP as a “window of opportunity” for freedom of movement
The Portuguese President said there is a chance to improve the mobility of citizens in CPLP countries. PR has "a lot of hope" that the opportunity will be sought after by the community's presidencies.
Centeno warns about amendments to the State Budget
The minister of Finance published an opinion article last week exclusively for ECO, in the context of the proposed amendments to the State Budget.
Lisbon will be heading real estate investment in Europe
Lisbon is going to be a real estate market leader next year, surpassing cities like Berlin and Dublin. Life quality and “relatively cheap real estate” are making the Portuguese capital stand out.
Lourenço’s official visit means “normalization of relations”
Between the 22nd and the 24th of November, João Lourenço will be in Portugal. It is the first time since 2009 that an Angolan President visits the country.
Kwanza depreciated against the euro after two gains
The Angolan kwanza depreciated against the euro Friday, after having gained ground twice this week, but this morning it was being traded at 351.350 kwanzas/euro, the central bank (BNA) of Angola said.
Lisbon airport expected to receive 29M passengers in 2018
In 2017, the passenger traffic at the Humberto Delgado airport in Lisbon reached 26.7 million passangers, and this year it is expected to increase to 29 million.
Web Summit in one word: inspirational, intense, stimulating
In how many languages can we describe the Web Summit? We talked to 23 people, from 18 different countries on the last day of the Web Summit 2018, who shared with us their thoughts about the event.
Interview Accenture: “Digital became 60% of our company’s structure”
Seven years ago, Accenture started to rotate its company to adapt to the digital transformation. Yves Bernaert, from Accenture Europe, talks to ECO about digital transformation.
Inflation rate in Portugal is the second lowest in the EU
The Portuguese inflation rate was the second lowest in the EU, standing at 0.8%, right after Denmark (0.7%). In comparison with September, the inflation rate in Portugal fell by 1%.
“The result is really good, now it is on the British side”
The Portuguese President, Marcelo Rebelo de Sousa, told journalists in Guatemala that the draft for UK's Brexit agreement is "really good", and noted that now the British should do their part.
Portugal has fourth highest surplus in Africa-EU trade
Trade in goods with Africa is gaining relevance for the EU, now the third largest partner with the region, right after Japan and China. Portugal is the 4th EU country with the highest trade surplus.
Value of investment funds falls to €26.1 Bn in Q3, BdP shows
Investment in mutual funds decreased in the third quarter, compared to the first semester of 2018. Private individuals remain as the main investors in investment funds, holding 43% of the total units.
Portuguese emigrants’ transfers are the highest at EU level
The highest inflows of personal transfers were recorded in Portugal (€3.6bn), ahead of Poland (€3.1bn), Romania (€2.8bn) and the United Kingdom. The largest deficit was witnessed in France (-€10.1bn).
Brexit deal satisfactory and Portugal fought for it
The Portuguese Foreign Minister reacted to the draft deal reached by the UK, to leave the EU. According to the minister, the draft agreement "ensures that the financial commitments are honoured.
Sonae’s profits boost, up by 50%
Sonae's profits reached the €200m bar during the first three quarters of 2018. About having cancelled its PO in October, the company reaffirmed that the extremely dire market conditions caused it.
Industrial output 3rd lowest at EU level in September
According to the EU's statistics office, year-on-year industrial output increased by 0.9% in the eurozone, and 1.1% in all EU member states, while in Portugal, it decreased by 0.1 %, year-on-year.
Portugal pays lower interest rates issuing 10Y bonds
Portugal has placed €1,25 bn in government bonds. The Portuguese treasury paid lower market interest rates to issue 10-year debt and slightly higher ones for the issuing of 5-year debt.
Portuguese GDP slows down in Q3
GDP increased by 2.1% year-on-year and 0.3% on quarter, according to INE's flash estimates published this Wednesday.
Government aims for new airport to start operating in 2022
The new Montijo airport should be fully operational by 2022, the Minister for Planning and Infrastructures said this Tuesday. This airport comes to answer to the increase of 80% in air traffic.
Tourism helped halt inflation. Tolls will increase by 0.9%
The inflation rate in the hospitality and restaurant sectors was negative in October, standing at -0.6%, which has contributed to a slowdown in prices in Portugal.