Portugal registers 0.4% GDP surplus for 1st quarter of 2019
The Portuguese State coffers started the year on positive ground. The Public Administration registered a budgetary surplus of 178,5M€ in the first quarter of the year, 0.4% of GDP, according to INE.
North of Portugal to lose 400,000 jobs until 2030
Impossible to deny is the fact that automation will certainly change the future of labour. What will be its real impact? The Portuguese Confederation of Enterprises (CIP) gives us a clue.
Housing prices increase by 9% but at a slower pace
While at a slower pace, housing prices kept increasing during the first quarter of 2019. According to the National Institute of Statistics (INE), housing prices index (IPHab) increased by 9.2%.
Council of Europe: Portugal failed in anti-corruption
The lack of mechanisms to fight corruption in Portugal is not something new, but the Members of Parliament, the Judges and the Attorneys have not been helpful in implementing anti-corruption policies.
New Farfetch campus will be a “masterpiece”
In order to complete the project of the future Farfetch campus in Matosinhos, six national and international architecture offices have been selected by the company.
Highest number of investment in construction since 1997
Investments in the construction sector registered the highest increase of the last 22 years in the first three months of 2019.
Portugal is importing more talent than ever
Importing talent from abroad is becoming the number one option for Portuguese companies looking to compensate for the lack of workforce. However, this option does not come unchallenged.
Finerge invests more than 1Bn€ in Portugal
Finerge, the 2nd major producer of renewable energy, has already made an investment superior to 1Bn€ in Portugal. The company will now shift its traditional focus from wind energy to solar energy.
Tax Authority wins. Construction sites will have to pay AIMI
In a recent court decision, the Constitutional Court has deliberated that construction sites, held by real estate holdings, will also pay AIMI, regardless of their purpose.
“There will be no restitution to EDP”, Minister assures
The Minister of the Environment and Energetic Transition guaranteed again this Tuesday that EDP will not be reimbursed for its investments in the Fridão Damn project suspended in 2016.
Benfica: 5% gains after Felix’s possible transfer news
Benfica SAD scoring points in Lisbon Stock Exchange. This Tuesday, it has registered gains of 5%, cheered up by the possibility of João Félix's transfer to Atletico de Madrid for 120M€.
Opinion How can Portugal be more competitive?
When discussing the nature of our exports and imports, one of the ideas that immediately comes to mind is that Portugal exports some of its best human resources.
Insurance companies ask the Gov for Seismic Fund of 8Bn€
João Galamba de Oliveira, President of APS, stressed the need to create an 8Bn€ Seismic Fund. The government is yet to respond.
Farfetch among Libra’s founders
Facebook's new cryptocurrency will have a little Portuguese touch: Farfetch. José Neves, the company's CEO and Founder, has confirmed to ECO.
Number of tourists and revenue soared this Easter
Easter attracted more tourists to Portugal. The number of guests reached 2M, the equivalent to a 9% rise relative to the same period of last year, INE revealed.
Gulbenkian sells Partex to Thai oil company for $622M
Calouste Gulbenkian Foundation signed off the sale agreement of Partex to PTT Exportation and Production (PTTEP), a Thai state-owned oil company. The deal amounted to $622M.
Sintra hosting Draghi’s last ECB Forum
Four months before leaving the Presidency of the European Central Bank, Mario Draghi returns to Sintra this Monday for one more edition of the ECB Forum.
Real Estate agencies under tighten rules from June 26
Entities operating within the real estate sector will have new rules of identification, control and communication of any property rental, sale or exchange transaction.
Condos allowed to produce their own energy
The Portuguese government is reviewing the energy auto-consumption and self-sufficiency legislation and is preparing to encourage the creation of "energy communities".
Fiscal benefits and lower VAT take away 6% of state revenue
Public Treasury lost about 11.7Bn€ in fiscal revenue following decisions to attribute tax benefits and VAT exceptions below the normal 23%.
SAG & Compta’s farewell reduces PSI20 to historical minimum
Never before had the Lisbon Stock Exchange such a modest number of listed companies. With SAG and Compta out, only 53 companies remain.
Portugal is the world’s 3rd safest country
According to the Global Peace Index (GPI), Portugal is considered to be the 3rd safest in the world.
Portugal might fail 2020 budgetary objectives – EU warns
Portugal is at risk of violating all European budgetary rules in 2020, in case the country does not take immediate measures nor better its economic performance beyond what Brussels is expecting