Altice is looking for private partners to purchase Charter
Patrick Drahi is said to be looking for private investors to join his company in the purchase of the North-American Charter. Altice's deal could be worth around 200 billion euros.
Hotels received nine millions from guests until June
Portuguese hotel businesses have earned 1.3 billion euros in the first semester of 2017.
GDP grows 2.8% in the second quarter, discloses INE
Even so, the Portuguese economy continues growing above the Euro Area average. This rise has been happening for nine months now, which hadn't happen since 2001.
2017 could be the best year for real estate since 2010
Large demand from foreign investors, race towards short renting, low remuneration of banking deposits and the fact that most businesses are paid in cash: these are some explanations for this boom.
Portugal returns to the market to get one billion euros
Next Wednesday, there will be a new short-term debt auction. Portugal attempts to place up to one billion euros in Treasury Bills on three and eleven months' maturities.
Media Capital: take over bid is “appropriate” and “adequate”
Altice made a 440 million euros' offer to purchase Media Capital and the administration of TVI's owner has a favorable opinion on the takeover bid.
Former BES clients can start recovering their investments
The decree law regulating the credit recovering funds has been published in the Portuguese Official Journal, effective immediately.
Portuguese rents increase more than 1% in 2018
If landlords want to increase rents, they will have to warn tenants by means of a registered letter, at worse 30 days before the day of the update.
Decrease in unemployment helps the Budget in 340 millions
If the unemployment rate continues to stand below the expectation for the end of the year, Centeno gets a 340 million euros' margin for the Portuguese State Budget.
Douro: “the most beautiful wine region in the world”
Dirk, who is not a trained enologist, has conquered the Portuguese wine industry. Some of the best Douro table wines come from the family company Niepoort, which continues growing.
Inflation stabilizes in July, its lowest percentage in 2017
Portuguese inflation stood at 0.9% in July, in line with what happened in the previous month.
Debt restructuring? Portugal must tame the market
Mário Centeno dismisses the possibility of a debt restructuring. The Finance minister stated, in an interview to El País, that the right path is to "tame the market".
Imports increase more than exports
The trade balance deficit increased again in July of 2017, surpassing one billion euros. In the first semester of this year, the trade deficit ascends to 6.3 billion euros.
NB reaches an agreement with former BES’ emigrant clients
Former BES' emigrant clients will receive 75% of the investments they made on the bad bank, within an average period of three years. In return, they will drop the lawsuits against Novo Banco.
Unemployment rate falls to 8.8%, a minimum since 2009
Unemployment rate falls to 8.8% in the second quarter of 2017. In just three months, 102.3 thousand job positions have been created.
Large investors stand against NB’s debt exchange proposal
Creditors such as Pimco sent a letter to Novo Banco and the Bank of Portugal calling for an "urgent" meeting. They are not willing to accept the terms NB is offering. Sale to Lone Star is at stake.
Golden visas rise. Investment goes beyond 650 million euros
Investment had decreased in July, but the balance continues to be positive in comparison to last year. The largest slice continues to be invested in real estate, especially by the Chinese.
Banks grant more than 20 million euros per day to buy houses
Around four billion euros were granted by Portuguese banks to new housing credit in the first half of 2017. This is a new maximum of seven years.
Composite leading indicators say Portugal will keep growing
OECD's composite leading indicators point to a sable growth momentum in the next six to nine months in Portugal, without foreseeing any strong changes in the cycle. But there is a red flag.
Spanish NB creditor also criticizes the low offer
"The tenders are to encourage investors to attend and prices should be higher than secondary levels previous to the tender", criticized Ever Capital, which invested five million euros in Novo Banco.
ECB increases its purchases in Portugal
In the end of July, the European Central Bank held 28.6 billion euros in debt securities from the Portuguese Government. During that month, the monetary authority acquired 517 million euros in debt.
Portugal spends little on leisure, culture and religion
Portuguese public administrations are among those who spend less per inhabitant in leisure, culture and religion. Portugal also spends less in comparison to total expenditures. Or to GDP.
A quarter of Portuguese young emigrants have college degrees
All in all, there are over 1.7 million Portuguese emigrants in Europe. They are younger, more educated and more employed than Portuguese citizens living in Portugal.
The Australian enter the Portuguese banking
Pepper Group wants to make the most of Portugal's economic recovery and car loans' improvement. The CEO of the Australian group who purchased Banco Primus told ECO he wants to start taking deposits.