Opinion Revocation of holidays has negligible economic impact

Maria João Guedes,

A recent study has shown that the revocation of four general holidays, during the years 2013 to 2015, had no meaningful improvement in labour productivity.





Spaniards invest 73.8 million in EDP’s capital increase

ECO News,

Oppidum Capital, which owns more than 7% of EDP, has exercised subscription rights and will invest 73.8 million euros in the capital increase of EDP. António Mexia also participates in the operation.



EU approves creation of new development bank

Lusa,

The European Union approved under EU rules for state aid Portugal's plans to create a new national development bank to promote the growth of the Portuguese economy.


Portugal among those set to lose 2% of GDP from tourism

Lusa,

According to a report by the International Monetary Fund (IMF), Portugal is among countries that are expected to see losses in its tourism sector equivalent to over 2% of GDP.


EDP Renováveis launches new 200 MW wind farm in the USA

ECO News,

The renewable energy produced will be purchased by Wabash Valley Power Alliance, Walmart and a private off-taker, which acquired respectively 100 MW, 50 MW and 50 MW.


Sines Port records 2% decrease in container handling in H1

Lusa,

The Port of Sines Administration explains that the first quarter of 2020 was quite positive in the segment of containers, the second quarter was affected by the impact of the Covid-19 pandemic.


Mass consumer market grows in value almost 12% in H1

Lusa,

According to a report by Kantar for Centromarca, the mass consumer market in Portugal grew in value by almost 12% in the first half of the year.



Portugal’s tourism improved in June

Lusa, ECO News,

The tourist sector began to show the first signs of recovery in June, mainly due to demand from the Portuguese. Only a third of the establishments admit to lower prices.


There are 106 new cases of Covid-19 in Portugal

ECO News,

In the last 24 hours, 106 new cases of the new coronavirus have been identified in Portugal. For the first time since March 16, no further deaths have been reported.


Public debt falls 4.6 billion in June

ECO News,

Public debt, from a Maastricht perspective, fell by 4,625 million euros in June to 259,754 million euros.


55 suspicious invoices denounce Isabel dos Santos

ECO News,

The documents raise suspicions of false consulting services from Matter Solutions Business. Approximately 19 invoices will have been issued on the day of the businesswoman's resignation.


There are new rules for those landing in Portugal

ECO News,

The government has defined new rules for those landing in Portugal. Temperature controls and tests are coming, but only for some countries.


Bilateral relationship China-Portugal goes beyond Macau

Lusa,

The Portuguese ambassador in Beijing, José Augusto Duarte, said "the relationship with China is broader than Macau and cannot be a book of nostalgia."




State already sees “progressive recovery” of the economy

ECO News,

The Ministry of Finance reacted this Friday to the GDP figures: the Portuguese economy contracted 16.5% in the second quarter.


BPI profit down 68% to €42.6M in H1

Lusa,

The Bank ended the first six months with net profits of 42.6 million euros, a significant drop compared to the same period last year as a result of the provisions for the pandemic.