The Lisbon stock exchange represents only 30% of the economy

ECO News,

Unlike other countries, most exits from the stock market took place until 2008. After the crisis, it was companies with weaker performance, more indebted and less liquidity that left.


Peaks in debt repayments force Portugal to keep full coffers

ECO News,

The President of the IGCP explains to ECO how the management of public debt at this time of crisis will be carried out, which is leading to an increase in financing needs.






Costs and low liquidity drive companies off the stock market

ECO News,

OECD made a diagnosis of the problems of the Portuguese capital market. It stresses that the Covid-19 crisis has only made reforms "more urgent" to support economic recovery.


Portuguese consortium makes offer to buy Charlton Athletic

Lusa,

A consortium of Portuguese investors has made a proposal to buy a majority shareholding of Charlton Athletic, from the English football's second division.


Corticeira Amorim maintains dividend

ECO News,

The company's management will bring to the general meeting a dividend of 18.5 cents, but also the suspension of the usual extraordinary remuneration paid at the end of each year.


TAP restoring number of flights from Porto

Lusa,

"TAP is committed to recovering flights at Francisco Sá Carneiro Airport as soon as possible," said the Portuguese airline.



Portugal’s GDP may fall 11.8% this year

ECO News,

The CFP has outlined two scenarios, but in both forecasts, they bring unanticipated figures: GDP could fall by more than 10%, while the budget deficit could reach 9.3% this year.


There are 366 new cases of coronavirus in Portugal

ECO News,

The number of cases of coronavirus infections in the country has increased to 33.261. Since the outbreak was detected in the country 1,447 people have died.


Portugal: Non-compliance with GRECO’s recommendations

Lusa,

At the end of 2019, Portugal was on a list of 15 countries with a low level of compliance with anti-corruption recommendations addressed to parliamentarians, judges and prosecutors.


Hong Kong security law drives demand for golden visas

Lusa,

The law that China wants to impose on Hong Kong has resulted in a sudden interest in Portuguese gold visas: "The number of requests for information has skyrocketed."


Company temporary layoff support to depend on turnover

Lusa,

Portugal's minister of labour said on Wednesday that the support for maintaining employment created because of the Covid-19 pandemic will be greater depending on the drop in turnover.


EasyJet resumes 75% of operation in July

Lusa,

The low-cost airline expects to fly about 78% and 92% of the routes serving Portugal in these two summer months.




Unemployment drops to 6.2% in March

ECO News,

The unemployment rate retreated to 6.2% in March. But despite the pandemic, the INE predicts stabilization in April, with a marginal rise to 6.3%. Counting the layoff, it would be 13.3%.



Aicep raised seven foreign investments during the pandemic

ECO News,

These are companies in the service sector: two from the USA and the rest from Germany, France and Switzerland. They are mainly companies that will establish development centres in Portugal.


Bank of Portugal orders Bison Bank to increase capital

ECO News,

Bank of Portugal sent a letter to the board of Bison Bank, now controlled by the Chinese of Bison Capital Financial, underlining the need for a capital increase of 19 million.