State nationalizes Isabel dos Santos’ position in Efacec
A decision was taken this Thursday in the Council of Ministers. Minister Pedro Siza Vieira explains that the nationalization is happening due to the shareholder impasse generated by Luanda Leaks.
TAP’s deal “will be ruinous for Portugal”
The injunction presented to suspend the TAP's state loan is still active, guarantees the president of the Porto Trade Association.
TAP will not be included in state accounts
The increase in the government's shareholder position in TAP will not weigh on public accounts, according to Portugal's finance minister.
Government pays €55M to up its stake in TAP to 72.5%
The Portuguese state will increase its stake in TAP from the current 50% to 72.5%.
Opinion UK and Portugal: Learning from each other over the centuries
British tourists and holidaymakers have had a very long-standing love affair with Portugal and the Portuguese. Tourism accounts for nearly 15% of Portugal's GDP.
Costa welcomes Sánchez, Conte in Lisbon before Rutte meeting
The prime minister is to welcome the heads of government of Spain and Italy in Lisbon before travelling to The Hague for a meeting with leader Mark Rutte.
There are 328 new cases of coronavirus in Portugal
The number of cases of coronavirus infections in the country has increased to 42,782. Since the outbreak was detected in the country, 1,587 people have died.
Portugal has three months to transpose EU drug legislation
Portugal has not notified the Commission about the transposition into domestic legislation of the inclusion of new psychoactive substances in the definition of drugs.
Interest rate on 10-year bonds at a minimum of March 11
Relief from national yields follows the successful issue of 4 billion euros in Treasury Bonds, with a maturity of 15 years at an interest rate of 0.928%
These are the world’s largest banks. CGD is in 179th place
The world's largest banks are located in China, with four banks at the top of "The Banker" ranking. They are followed by American banks. CGD is the largest Portuguese bank, ranked 179th on the list.
Opinion Portuguese Flying Cow and a Tragedy of the Commons
Like for many other Portuguese strategic groups, public funds supported TAP for years, despite this company requiring a severe restructuring of its accounts and activity long before March 2020.
Portugal places €4B Treasury bonds with 15-year maturity
IGCP has placed on the market an issue of 4 billion euros in Treasury Bonds, with a maturity of 15 years at an interest rate of 0.928%
Last minute agreement. TAP avoids nationalizationAfter long
Negotiations continued into the early hours of Thursday, but Azul abdicated the possibility of converting 90 million loans to TAP into share capital.
There are 313 new cases of coronavirus in Portugal
The number of cases of coronavirus infections in the country has increased to 42,454. Since the outbreak was detected in the country, 1,579 people have died.
Public investment rises to 2.5% of Portugal’s GDP
The increase in public investment predicted by the government and the economy's fall will bring the indicator's ratio to 2.5% of GDP, the highest figure since 2012.
Easyjet starts flying again from Portugal
EasyJet started flying on 51 of the 64 routes of the four main airports in Portugal (Lisbon, Porto, Faro and Funchal).
Reopening of land border with Spain ‘reunion of brothers’
António Costa announced on Wednesday that the reopening of the border between Portugal and Spain is a reunion between "brothers and friends."
Public debt rises 2.3 billion and reaches a new record
Public debt, from a Maastricht perspective, rose by 2,333 million euros in May to 264,379 million euros.
TAP: 107 airplanes, 9,143 employees and “a brutal debt”
The private shareholders of TAP don't want to concede and, according to the government, there will be no other alternative than nationalization.
Portugal approves flights between EU, Schengen countries, UK
The government has approved air traffic measures allowing flights to and from Portugal to countries of the "European Union, Schengen Area and the United Kingdom."
Pedrosa to buy Neeleman’s shares at TAP
There is an alternative to TAP's nationalization. Humberto Pedrosa is negotiating the purchase of David Neeleman's position for about 45 million euros. Deal can be closed today.
Borders with Spain to reopen on Wednesday
The Portuguese-Spanish border has been closed for three and a half months due to the Covid-19 pandemic, but next Wednesday the borders will be reopened.
There are 229 new cases of coronavirus in Portugal
The number of cases of coronavirus infections in the country has increased to 42,141. Since the outbreak was detected in the country, 1,576 people have died.