Portugal registers 0.4% GDP surplus for 1st quarter of 2019

ECO News,

The Portuguese State coffers started the year on positive ground. The Public Administration registered a budgetary surplus of 178,5M€ in the first quarter of the year, 0.4% of GDP, according to INE.

North of Portugal to lose 400,000 jobs until 2030

Bernardo da Mata,

Impossible to deny is the fact that automation will certainly change the future of labour. What will be its real impact? The Portuguese Confederation of Enterprises (CIP) gives us a clue.

Housing prices increase by 9% but at a slower pace

ECO News,

While at a slower pace, housing prices kept increasing during the first quarter of 2019. According to the National Institute of Statistics (INE), housing prices index (IPHab) increased by 9.2%.

Council of Europe: Portugal failed in anti-corruption

ECO News,

The lack of mechanisms to fight corruption in Portugal is not something new, but the Members of Parliament, the Judges and the Attorneys have not been helpful in implementing anti-corruption policies.

New Farfetch campus will be a “masterpiece”

ECO News,

In order to complete the project of the future Farfetch campus in Matosinhos, six national and international architecture offices have been selected by the company.

Portugal is importing more talent than ever

Bernardo da Mata,

Importing talent from abroad is becoming the number one option for Portuguese companies looking to compensate for the lack of workforce. However, this option does not come unchallenged.

Finerge invests more than 1Bn€ in Portugal

ECO News,

Finerge, the 2nd major producer of renewable energy, has already made an investment superior to 1Bn€ in Portugal. The company will now shift its traditional focus from wind energy to solar energy.

Tax Authority wins. Construction sites will have to pay AIMI

ECO News,

In a recent court decision, the Constitutional Court has deliberated that construction sites, held by real estate holdings, will also pay AIMI, regardless of their purpose.

“There will be no restitution to EDP”, Minister assures

ECO News,

The Minister of the Environment and Energetic Transition guaranteed again this Tuesday that EDP will not be reimbursed for its investments in the Fridão Damn project suspended in 2016.

Benfica: 5% gains after Felix’s possible transfer news

ECO News,

Benfica SAD scoring points in Lisbon Stock Exchange. This Tuesday, it has registered gains of 5%, cheered up by the possibility of João Félix's transfer to Atletico de Madrid for 120M€.

Opinion How can Portugal be more competitive?

Rodrigo Melo,

When discussing the nature of our exports and imports, one of the ideas that immediately comes to mind is that Portugal exports some of its best human resources.

Farfetch among Libra’s founders

ECO News,

Facebook's new cryptocurrency will have a little Portuguese touch: Farfetch. José Neves, the company's CEO and Founder, has confirmed to ECO.

Number of tourists and revenue soared this Easter

ECO News,

Easter attracted more tourists to Portugal. The number of guests reached 2M, the equivalent to a 9% rise relative to the same period of last year, INE revealed.

Gulbenkian sells Partex to Thai oil company for $622M

ECO News,

Calouste Gulbenkian Foundation signed off the sale agreement of Partex to PTT Exportation and Production (PTTEP), a Thai state-owned oil company. The deal amounted to $622M.

Sintra hosting Draghi’s last ECB Forum

Bernardo da Mata,

Four months before leaving the Presidency of the European Central Bank, Mario Draghi returns to Sintra this Monday for one more edition of the ECB Forum.

Real Estate agencies under tighten rules from June 26

ECO News,

Entities operating within the real estate sector will have new rules of identification, control and communication of any property rental, sale or exchange transaction.

Condos allowed to produce their own energy

ECO News,

The Portuguese government is reviewing the energy auto-consumption and self-sufficiency legislation and is preparing to encourage the creation of "energy communities".

Portugal might fail 2020 budgetary objectives – EU warns

ECO News,

Portugal is at risk of violating all European budgetary rules in 2020, in case the country does not take immediate measures nor better its economic performance beyond what Brussels is expecting