Portugal paid another 2.8 billion euros to IMF
Portugal made a new reimbursement of 2.8 billion euros to the International Monetary Fund this Thursday. The Republic still needs to pay around 25% of IMF's loan.
ANA asks for more air space even before the new airport
ANA, the Portuguese airport manager, will invest 400 million euros in a new terminal, but is leaving a note to the Government, Air Force and NAV: it needs more airspace to grow.
Portuguese exports depend on few companies
Exports and imports in 2016 continue focused on a quite limited number of companies. However, this concentration suffered a relief in comparison to the previous year.
Chiado is the most expensive area in Portugal to open a shop
A study disclosed this Wednesday concluded that the rents for commerce in Chiado, Lisbon, increased 15% and are the country's most expensive lease.
Soares da Costa hands in a new plan for its recovery
The company Soares da Costa has presented a new proposal for the company's recovery (PER) in court. Joaquim Fitas, the CEO of the company, is confident creditors will approve of the process.
Isabel dos Santos is exonerated from Sonangol
Angola's President João Lourenço has exonerated Isabel dos Santos this Wednesday. The State secretary for Oil, Carlos Saturnino, will be replacing her.
Regling justifies Portugal’s success with troika’s austerity
The president of the European Stability Mechanism identified Portugal as a case of success and highlighted that the countries who complied with the adjustment programme are now "reform champions".
Banking already granted six billion euros in home loans
Portuguese banks have granted a total of 5,953 million euros in home loans in the first nine months of the year, according to the Bank of Portugal.
GDP decelerates to 2.5%. Consumption helped the most
Statistics Portugal flash estimate for the Portuguese GDP in the third quarter of this year points to a 2.5% increase. Consumption accelerated and investment slowed down.
REN increases capital with a 25% discount in new shares
REN will have a 250 million euros' capital increase. Each new share will cost 1.877 euros, a 25% discount in comparison to last Friday's closing price. Shareholders will assure around 30% of the rise.
IMF: Portugal should build a fiscal buffer
IMF says countries with high debt such as Portugal should take advantage of the improvement in their economy to create a budgetary pillow, preventing future shocks like an increase of ECB's interests.
Portugal issues up to 1,500 million in short term debt
Once again, IGCP issues short term debt next Wednesday, taking advantage of the negative interests' environment to finance in six to 12 months Treasury bills.
Portugal is almost free from the IMF’s debt surcharge
The spread paid by the Portuguese State to IMF for the loan obtained from troika will fall 32% in 2018. Costs decreased because of this year's early repayments.
In September, once again, imports rise more than exports
Exports increased 5.8% in September, below the 8.1% increase in imports, according to Statistics Portugal (INE).
CGD sells Artlant to Thai petrochemical company for 28 M
Caixa Geral de Depósitos (CGD) has sold Artlant to the petrochemical group Indorama Ventures. ECO knows the Thai company paid 28 million euros.
Brussels foresees a 1.4% deficit in 2018
On the presentation of the Autumn Economic Forecast, the EC foresees the Portuguese economy will grow at the highest rate of the decade and that the unemployment rate will stand below Euro Area's.
Portugal will repay another three billion to IMF this year
The 2018SB stated Portugal would repay another three billion euros to IMF this year. A one billion reimbursement was made, so the country had two more to go. Now, however, that amount increases again.
Unemployment rate falls to 8.5% in the third quarter of 2017
The unemployment rate fell again in the third quarter of 2017. One would have to go back to 2008 to find a lower percentage.
Teodora Cardoso criticizes the “fragile fiscal adjustment”
The Public Finance Council criticizes the Budgetary draft because the deficit decreases due to interests and the economic cycle, and not for structural measures.
The Web Summit will likely stay in Portugal
The Industry State secretary is confident that the event will continue being organized in Portugal after 2018. The President said that everything had to be done to keep the Web Summit in Portugal.
ECB already owns more than 30 billion in Portuguese debt
The European Central Bank has repurchased another 500 million euros in Portuguese bonds this October within the stimuli plan that was extended until September of 2018.
Ten-year rate is close to 2%, aided by DBRS
Ten-year interests stand at a new minimum in over two years after DBRS maintained Portugal's outlook and rating. The interest rate is closer to leaving the 2% psychological threshold.
Portuguese well-being index stands at its highest since 2004
The life-quality of the Portuguese continues improving, according to INE. The index that measures populations' well-being registers the best improvement since there is a record, that is, since 2004.
CTT’s titles decrease 3% to a new low
CTT is once again Lisbon's index ugly duckling. Nonetheless, energy companies are the ones dragging PSI-20 down by around 0.5%.