Galp Energia admits to sell assets to limit debt increase
The company will strengthen investment in renewables in the coming months, but guarantees not to let the weight of debt on activity increase. Therefore, it considers asset rotation.
US ‘confident’ telcos will in long term use ‘reli
"Telecom operators in Portugal will only implement reliable technology," says the Deputy Assistant Secretary of the State Department for Cyber Communication.
Portugal’s PM opposes EU budget proposal
António Costa said the government was not happy with the proposal put forward on Friday by the Council’s president for a multi-annual EU budget for 2021-2027.
Galp plans 10 gigawatt solar power production by 2030
Investment in clean energy is part of an oil company's transition strategy for the next decade.
Portugal admits to subsidising health care for Britons
The idea under consideration by the Government is for British tourists to pay the same as Portuguese for health care after Brexit.
Galp’s profit drops 47% to 389 million
The company points to a "challenging" refining context to explain the drop in net results.
TAP banned from flying to Venezuela for 90 days
The Venezuelan government announced the suspension for 90 days of TAP’s operations to the country, "for security reasons" following accusations of transporting explosives on a flight from Lisbon.
Centeno confirms he is not leaving the Eurogroup
Mario Centeno guaranteed that he's not leaving the leadership of Eurogroup. In January 2018, Centeno began a two-and-a-half-year term at the head of the informal forum of eurozone ministers.
Mota-Engil wins two projects in Latin America
The company will build a dam in Colombia, in a project valued at 270 million euros, as well as a 24 km section of a road in Mexico, in an investment of 45 million euros.
Portugal: second European country to create more companies
In 2017, the share of new companies in the total number of companies was 15.8%.
UE multi-annual budget ‘not a good sign’ – Carlos Moedas
Carlos Moedas, who was at the European Commission between 2014 and 2019, has said that the European Council's new proposal for the European Union's multiannual budget is "not a good sign."
EDP, Galp and REN are part of the hydrogen project in Sines
Mexia has already assured that EDP is interested, the Environment Minister confirmed Galp's participation and the Dutch promoter speaks of REN's involvement as the gas network operator.
Dos Santos earns 500 million with dividends in Portugal
239 million of Galp Energia's dividends, plus 189 million from Zon/Nos and 66 million from BPI.
Report Is Portugal the new oasis for foreign investors?
From the automotive industry to technology, Portugal has managed in recent years to attract foreign investors interested in spending in a wide variety of sectors.
Opinion Bargaining for the Common Good: the beginning of a new era
Guilherme Dray believes that the future of collective bargaining is here and, sooner or later, Portugal will follow this trend.
Maduro t accuses TAP of illegally transporting explosives
The Venezuelan government said that TAP infringed international standards by allowing the transport of explosives.
President arrives in India, ‘human rights will be reaffirmed
Portugal's Presidente, Marcelo Rebelo de Sousa, affirmed this visit to India fits "in a more executive phase" of bilateral relations.
GDP slowed to 2% in 2019 but grew more than expected
The Portuguese economy grew 2% in 2019, INE revealed this Friday. This increase represents a slowdown compared to the previous year, putting it at a rate equal to that observed in 2016.
Moody’s praise Portugal’s surplus in 2020
Moody's congratulated the country on the "good work" it did in reducing public debt. However, the agency left some warnings.
Brussels maintains forecasts for Portugal
The most current forecasts for Portugal indicate that GDP may have grown above the government's forecast in 2019. Good news can be confirmed tomorrow by INE.
Portugal’s PM about freezing rents: “There are other tools”
In an interview with Bloomberg, Portugal's Prime Minister said that freezing rents in Lisbon, as Berlin will do, is not a viable solution for the Portuguese capital.
US interested in LNG imports through port of Sines
The Secretary of Energy of the USA said there is American interest in the Port of Sines (PSA) and also in Portugal.
EC takes Portugal to court over car import tax
This is because used cars imported from the other Member States are still subject to higher taxes than those applied to 'used' cars purchased on the Portuguese market.
EDP Renováveis sells wind project in Brazil for 127 million
EDP Renováveis sold its participation in the onshore wind technology project in Brazil. Transaction yields 126.6 million euros to the Portuguese company.