Brussels against State’s equity stake in NB

ECO News,

The Portuguese Government is negotiating with Brussels the sale model of Novo Banco to Lone Star, as well as the State's equity stake in the bank, of 25%. Brussels is against this solution.

Hedge funds get 41% of CGD’s issuance

ECO News,

Most of CGD's subordinated debt issuance ended up in the hands of foreign investors; hedge funds got 41% of the issuance, the public bank confirmed in a press release sent to the CMVM.

New issuance of retail debt aims for 500 million

ECO News,

After the market issuance, the IGCP is once again betting on families to finance the public debt. On March 27, there will be another OTRV issuance, but this time the Agency will only pay 1.9%.

CGD’s issuance: rate between 11% and 11.5%

ECO News,

CGD's debt issuance is already receiving proposals. Bloomberg discloses that based on the offers made, the interest rate the public bank will have to pay should be between 11% and 11.5%.

“Dijsselbloem is sexist, xenophobic and racist”

ECO News,

António Costa harshly criticized the statements made by Jeroen Dijsselbloem concerning southern European countries. The PM said: "In a real Europe, Dijsselbloem would have been dismissed by now".

Portugal asks for the resignation of Dijsselbloem

ECO News,

The minister of Foreign Affairs Augusto Santos Silva requested in Washington the resignation of the Eurogroup President, who stated southern European countries blew their money on “drinks and women”.

Portugal spent less on unemployment benefits

ECO News,

Portugal saved 251 million euros on the payment of unemployment benefits in 2016, a 14% decrease comparing to 2015. The State is to be saving more than 7,200 euros a year with each beneficiary.

Forbes: who are the Portuguese billionaires?

ECO News,

Both businessmen are on top of the list of the richest Portuguese, but only Soares dos Santos went up in this Monday's ranking by Forbes magazine. Belmiro de Azevedo is no longer on third place.

Montepio: Tomás Correia to leave if found guilty

ECO News,

"I feel reassured by the outcome of these and other charges made against me", he assures. Tomás Correia is being charged of helping the Espírito Santo Group (GES) in a time BES was already in crisis.

Bosch Portugal wants a new factory in the country

ECO News,

Bosch's Portuguese representative aims to be the front runner when it comes to national exports. In order to do so, he stated "Bosch must allow us to build a major factory" - but it will not be easy.

Job creation will continue increasing

ECO News,

Portuguese employers hope to continue hiring in Spring, having good prospects for all sectors. The Portuguese south region is where most hiring will take place.

Portuguese in the Netherlands apprehensive

ECO News,

They cannot vote and, therefore, are mere spectators. This Wednesday's elections will affect the almost 17 thousand Portuguese living in the Netherlands, who are either curious or apprehensive.