Portugal has made progress but “there’s still a lot to do”
In Lisbon, the former president of the ECB praised the progress of the Portuguese economy and even spoke of growth above the euro average, but warned that there is still much to do.
Lisbon falls for the third consecutive session
On a day of greater optimism due to a trade agreement between the USA and China, the Lisbon Stock Exchange counteracted Europe's trend.
Galp announces tenth floating oil production unit in Brazil
Galp Energia, a partner in the BM-S-11A consortium through Petrogral Brasil, said that the new production unit will develop the pre-salt region of the Santos Basin.
Tourism revenues for overnight stays reach €3B in 2018
Portugal continues to beat tourism records and exceeded 66 million overnight stays in 2018, an increase of 9 million compared to the previous year.
Altice Portugal’s revenues increase to 536 million in Q3
Operating performance and "strict" cost control helped to record better results in the third quarter, the company said.
Portugal has no mines exclusively for lithium – Government
lithium is currently extracted in Portugal "in association with quartz and feldspar and is only used in the melting process of ceramic pastes".
Auction of €970M 10-year debt, yields higher
Portugal auctioned €970 million in debt, less than the announced maximum, in 10-year Treasury Bonds.
Portugal proposes minimum wage increase in 2020
The Government proposed in the social concertation that the minimum wage be set at 635 euros as of January 1.
Lisbon among the best destinations to visit – TripAdvisor
The Portuguese capital is one of the top 10 European cities not to be missed, prepared by TripAdvisor. Lisbon is also in the world ranking.
Portugal’s recovery after assistance is a ‘success story’
Klaus Regling, Director of the European Stability Mechanism (ESM), considered the recovery of Portugal's economic situation to be a success story.
Property market decreasing? 2019 is about to surpass 2018
A study by Cushman & Wakefield concluded that 2019 could equal or even surpass the good time that was experienced in the housing market last year.
Portugal has been stabilizing for five months – OECD
According to OECD, Portugal maintains the stabilization trend that began in April. United States, Germany and now also the United Kingdom should continue to slow down.
Purchases from Angola rose 30% through September to €878M
The accumulated value of imports from January to September rose almost 30% to €878.2 million.
CTT falls more than 3% on the Lisbon Stock Exchange
The Lisbon square closed in red on a mixed day for the other European squares. In Lisbon, BCP's performance weighed heavily, but the CTT fell by more than 3%.
Spain’s risk compared to Portugal worsens
Spain's risk is worsening vis-à-vis Portugal, with investors' perceptions of the country being negatively affected by Sunday's election results.
Moody’s lowers outlook for Portuguese banks to “stable”
The financial rating agency lowered the outlook for Portuguese banks from "positive" to "stable", due to the slowdown in the economy.
Interview “Portuguese companies can overcome any obstacle”
Interviewed by ECO News, Pedro Magalhães, from the Portuguese Chamber of Commerce and Industry, talked about the dangers of Brexit and the globalization of Portuguese entrepreneurs
Portugal/Ireland: Capitals consider joint work with Africa
Portugal and Ireland are exploring the possibility of working together as part of the European Union's new partnership with Africa
Revolut wants “one million users in Portugal”
Nikolay Storonsky, CEO of Revolut, expects to have more than 500 employees in his new office in Matosinhos and also believes that he could have a million users in Portugal in the near future.
Imports grew five times more than exports in Q3
The National Statistics Institute (INE) revealed data on the balance of goods. The Government forecasts that the total sales to abroad will rise by 2.9% this year, below the 5.4% of purchases abroad.
Altri’s profit falls 25% to almost 91 million euros
The net profit of 90.7 million euros in the first nine months of the year is lower compared to 120.4 million euros in the same period last year.
BCP with profits of 270 million through September
Bank reached September with profits of 270.3 million euros, 5% more than a year ago. It is the best result in 12 years, according to BCP.
Now you can open a company in Portugal in 30 minutes
With the new 'Company IN' platform, it is possible to establish a company in Portuguese territory in just 30 minutes. A project that has received positive feedback in this edition of the Web Summit.