Dombrovskis: “Portugal exceeded the 2016 goals”
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.
Special session wild be held concerning offshores
"Significant discrepancies" were detected in transfers offshore of almost 10 billion euros. Deputies will hold a special session to probe secretary of state on the tax blunder.
Simplex+ 2016 had an execution rate of 62%
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.
Virtual payment app for Lisbon’s public transports
A virtual payment app for public transport users in the Lisbon area - wich is being developed by the Portuguese company Nova Base - will "soon" be implemented.
Portugal prepares PM’s visit to Angola
António Costa's visit to Angola was postponed. Both governments are seeking to reschedule the trip and, therefore, Portugal resumes preparations.
PM: Portugal “will not lose” 3.9 billion euros
During the fortnightly debate, António Costa declared the State will not lose the 3.9 billion euros it lent to the banking sector resolution fund for Novo Banco's capital injection.
Tourism broke records, but salaries plummeted
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.
Marcelo concerned about fleets to tax havens
“Naturally, this situation deserves to be investigated because, if it is true, it could be a bit concerning”, Marcelo Rebelo de Sousa told reporters.
EC: Structural reforms show “limited progress”
The European Commission disclosed this Wednesday their reports on each country. In the document concerning Portugal, the EC emphasized the "limited progress" in structural reforms.
Lone Star will pay a “symbolic price” for NB
Lone Star is willing to pay one billion to Novo Banco, but how much will they pay the Resolution Fund for the control of the bank? A "symbolic price".
NB: 350 jobs to be cut by voluntary rescission
Novo Banco's chairman launches one programme for voluntary rescission and another for early retirements, in order to decrease the workforce.
Proportion of NPL improves at a gentle rate
Banks gave loans of 194.333 billion euros and 16.6 billion euros of this was considered to be overdue, reveals the Bank of Portugal.
Public debt increases in 2016
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
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.
NB Sale: Centeno denies there are state guarantees
Mário Centeno acknowledged that the bank may not be sold off 100%, stressing that “a second line of possible negotiation” is contemplated”.
Consumer confidence in Q4 2016 at record high
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)”.
TAP: Portugal Stopover in Faro, Azores and Madeira
TAP's Stopover programme was already used by 40 thousand passengers.
Brussels involved in negotiations with Lone Star
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
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.
Portuguese interests reach the 4% threshold, again
The ten-year Portuguese sovereign debt yield suffers an increase following the improvement in the last session imposed by the ECB, who's available to purchase more debt.
Novo Banco repays 1.5 billion to the State
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.
Assunção Cristas: Centeno “never mentions debt”
Assunção Cristas criticized the low emphasis given to the Portuguese debt downward trend reversal. The CDS-PP leader is not impressed with the low deficit for 2016.
Public employment increased in 2016
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.
“The deficit will not surpass 2.1%”
The Portuguese minister of Finance Mário Centeno assures extraordinary measures did not influence the compliance with that fiscal goal.