Dombrovskis: “Portugal exceeded the 2016 goals”

ECO News,

The vice-president of the European Union arrived this Thursday in Portugal and is in Parliament this Friday speaking to deputies. In the Committee on European Affairs, he praised Portugal.

Simplex+ 2016 had an execution rate of 62%

ECO News,

The Portuguese minister for Administrative Modernisation Maria Manuel Leitão Marques is pleased with the efforts made by her team, concerning the Simplex+ programme designed to reduce bureaucracy.

Portugal prepares PM’s visit to Angola

ECO News,

António Costa's visit to Angola was postponed. Both governments are seeking to reschedule the trip and, therefore, Portugal resumes preparations.

Tourism broke records, but salaries plummeted

ECO News,

Overnight stays increased, the number of guests increased, the occupancy rates increased, income increased. The average salaries plummeted. To summarize, this was the Portuguese Tourism in 2016.

Public debt increases in 2016

ECO News,

Public debt according to Maastricht increased to 130.6% of GDP in 2016, more than the 129% from the previous year.

Galp’s profit decreases by 24% in 2016

ECO News,

Galp's 2016 profit was harmed by impairments in Angola. The results presented by the oil company had a 24% decrease, surpassing the market's expectations, nonetheless.

Consumer confidence in Q4 2016 at record high

ECO News,

Nielsen said “the level of national consumer confidence exceeded that recorded in countries such as Finland (68), France (66), Russia (63), Italy (58) and Greece (53)”.

Brussels involved in negotiations with Lone Star

ECO News,

Exclusive negotiations between Lone Star, who improved their offer, and the Portuguese Government for the acquisition of Novo Banco will also include Brussels. Apollo/CenterBridge is off the table.

Paulo Rodrigues da Silva: new Euronext Lisbon CEO

ECO News,

Maria João Carioca will be replaced as the CEO of Euronext Lisbon by Paulo Rodrigues da Silva, ECO disclosed. The new leader of the Portuguese capital market will take office in March.

Novo Banco repays 1.5 billion to the State

ECO News,

This reimbursement will end the state aids the bank benefited from. The Portuguese Treasury will receive 1.5 billion euros, meaning they will no longer give any guarantee to Novo Banco's debt.

Public employment increased in 2016

ECO News,

The number of civil servants had been decreasing until September, but that tendency was reversed in the last quarter of 2016. Teachers and doctors who were hired spoiled the Finance minister's goals.