Covid-19: 11,730 infected, death toll now at 311
The number of confirmed cases of Covid-19 in Portugal rises to 11,730, a daily growth of 4%.
UniCredit predicts a 15% drop in Portugal’s GDP
"The mother of all recessions has arrived." It's with this phrase that the Italian bank gets the new forecasts for this year. Portuguese GDP will fall 15% in 2020, but recover 10% in 2021.
Foreigners spent 744 million on homes in central Lisbon
Foreigners invested even more in Lisbon's real estate in 2019, in a total investment of 744.3 million euros.
Isabel dos Santos’ companies say asset seizure ‘abusive’
The companies of Isabel dos Santos who, together with NOS in Portugal, said that the seizure of their shares in the company is 'abusive'.
Over 100,000 self-employed ask for support
Exactly 102,708 self-employed workers, who saw their economic activity reduced due to the Covid-19 pandemic, have applied for the government's extraordinary support.
CTT cancels dividend due to Covid-19
The company expects revenues to fall in the coming months because of the pandemic. It has therefore decided to reverse the decision to remunerate shareholders, but also to pay bonuses to workers.
Opinion A Data Army to Fight our Current Battle
Prediction, protection and containment. Three use-cases, that, supported by reliable data sources, can be decisive in helping governments in their fight against the pandemic.
‘European Commission should issue debt’ – Vitor Constâncio
"A quick way to have common European debt to finance expenses to face up to the crisis would be to resort to the European Commission to issue bonds to finance exceptional programmes," Constâncio says.
Covid-19 kills 246 in Portugal. There are 9,886 infected
The number of confirmed cases of Covid-19 in Portugal had risen to 9,886 while 37 more patients have died from the virus.
Third-highest European increase in retail sales – Eurostat
According to the Eurostat, Portugal recorded the third-largest rise, both year-on-year and quarter-on-quarter.
“Nationalising TAP would be a step backwards”
Humberto Pedrosa believes that to nationalise TAP due to the serious difficulties the airline is experiencing during the Covid-19 pandemic "would be a step backwards."
Portugal increases restrictions on movement of people
The Government has already approved measures to extend the State of Emergency in Portugal for a further 15 days.
Santander Portugal to pay suppliers promptly
The Bank joins two others, BCP and the Novo Banco, which decided to anticipate payments to strengthen the liquidity of the companies with which they work.
Non-performing loans fall €4.5B in Q4 of 2019 – central bank
According to the Bank of Portugal, between October and December there was a decrease of €4.5 billion in non-performing loans.
Covid-19 kills 209, more than 9,000 extra infections
By midnight, the number of confirmed cases of Covid-19 in Portugal had risen to 9,034, while the number of coronavirus deaths had risen to 209.
Parliament approves renewal of State of Emergency
MEPs approved this Thursday the 15-day extension of the State of Emergency proposed by Portugal's President and supported by the Government.
Portugal with 4th largest fall in industrial producer prices
According to the Eurostat, the largest year-on-year falls were recorded in Denmark (-5.7%), Estonia (-4.7%), Italy (-3.8%) and Portugal (-3.7%).
Portuguese companies fear recession
Portuguese organisations are concerned about a possible global recession, even more than the financial impact of the pandemic on business. Most see the outbreak ending at the end of this quarter.
Portugal attracts “record demand” for seven-year debt
The IGCP closed a seven-year syndicated bond sale on Wednesday. It issued 5 billion in an operation with six times the demand.
Opinion Covid-19 and the challenges to the Portuguese economy
Portugal risks a heavy toll on its economy but has shown resilience in the past.
Portugal’s President wants to extend the State of Emergency
The President of Portugal has already signed the draft decree to extend the State of Emergency. This Thursday, the Assembly of the Republic must approve the extension.
About 85% of real estate agencies are closed down
According to a survey released on Wednesday, near 85% of real estate firms in Portugal have either stalled or reduced activity due to the coronavirus pandemic.
BCP anticipates payments to suppliers
BCP will stop paying suppliers within a 30-day period, instead it will pay weekly. The bank assumes to be "aware of the difficulties" that many companies are experiencing.
Public indebtedness in February €255B – Bank of Portugal
According to the Bank of Portugal, the country's public indebtedness in February stood at 255.369 billion euros.