Opinion Revocation of holidays has negligible economic impact
A recent study has shown that the revocation of four general holidays, during the years 2013 to 2015, had no meaningful improvement in labour productivity.
Report: Almost half of companies reduced activity April-June
According to the report "MDS Research: Economic Situation in Portugal", Almost half (47%) of the Portuguese companies reduced their activity.
Portugal: One reported death and 167 new cases of Covid-19
167 new cases of coronavirus have been identified in Portugal in the last 24 hours. The total number of infected people increases to 51,848.
First Portuguese REIT debuts with acquisition of five assets
Created by Sonae Sierra and Bankinter, Ores has bought five shopping surfaces with supermarkets for 37 million euros.
Spaniards invest 73.8 million in EDP’s capital increase
Oppidum Capital, which owns more than 7% of EDP, has exercised subscription rights and will invest 73.8 million euros in the capital increase of EDP. António Mexia also participates in the operation.
Government wants new development bank operating by end-year
Portugal’s minister of state wants the country's new development bank, the Banco Português de Fomento (BPF), up and running by the end of the year.
EU approves creation of new development bank
The European Union approved under EU rules for state aid Portugal's plans to create a new national development bank to promote the growth of the Portuguese economy.
Portugal among those set to lose 2% of GDP from tourism
According to a report by the International Monetary Fund (IMF), Portugal is among countries that are expected to see losses in its tourism sector equivalent to over 2% of GDP.
EDP Renováveis launches new 200 MW wind farm in the USA
The renewable energy produced will be purchased by Wabash Valley Power Alliance, Walmart and a private off-taker, which acquired respectively 100 MW, 50 MW and 50 MW.
Sines Port records 2% decrease in container handling in H1
The Port of Sines Administration explains that the first quarter of 2020 was quite positive in the segment of containers, the second quarter was affected by the impact of the Covid-19 pandemic.
Mass consumer market grows in value almost 12% in H1
According to a report by Kantar for Centromarca, the mass consumer market in Portugal grew in value by almost 12% in the first half of the year.
EDP is already looking at hydrogen projects abroad
The guarantee was given by António Martins da Costa, EDP's Director for Sustainability, to ECO.
Portugal’s tourism improved in June
The tourist sector began to show the first signs of recovery in June, mainly due to demand from the Portuguese. Only a third of the establishments admit to lower prices.
There are 106 new cases of Covid-19 in Portugal
In the last 24 hours, 106 new cases of the new coronavirus have been identified in Portugal. For the first time since March 16, no further deaths have been reported.
Public debt falls 4.6 billion in June
Public debt, from a Maastricht perspective, fell by 4,625 million euros in June to 259,754 million euros.
55 suspicious invoices denounce Isabel dos Santos
The documents raise suspicions of false consulting services from Matter Solutions Business. Approximately 19 invoices will have been issued on the day of the businesswoman's resignation.
There are new rules for those landing in Portugal
The government has defined new rules for those landing in Portugal. Temperature controls and tests are coming, but only for some countries.
Bilateral relationship China-Portugal goes beyond Macau
The Portuguese ambassador in Beijing, José Augusto Duarte, said "the relationship with China is broader than Macau and cannot be a book of nostalgia."
Eight more Covid-19 deaths, 204 new cases in last 24 hours
The Directorate-General of Health registered 204 new cases of Covid-19 in Portugal and eight deaths from the disease in the last 24 hours.
Enterprises anticipate a 13% drop in overseas sales in 2020
Companies are forecasting a 13% drop in exports this year. There will be less overseas sales both to the intra-EU and extra-EU market.
State already sees “progressive recovery” of the economy
The Ministry of Finance reacted this Friday to the GDP figures: the Portuguese economy contracted 16.5% in the second quarter.
BPI profit down 68% to €42.6M in H1
The Bank ended the first six months with net profits of 42.6 million euros, a significant drop compared to the same period last year as a result of the provisions for the pandemic.
Portugal: Fourth largest European drop in GDP
Portugal's GDP fell 16.5% in the second quarter of 2020, representing the fourth largest decline in the eurozone.