Portugal’s growth surpasses EU average

ECO News,

The Portuguese economy grew by 0.5% in the second trimester relative to the first three months of 2019, growing above the EU average.

Lisbon Airport has fuel for 4 days and Faro’s for 3.

ECO News,

"At the moment, both Lisbon and Faro Airports are fully stocked with fuel", the President of the National Authority for the Energetic Sector (ENSE) assured.

Portugal on the edge of an energetic crisis

Bernardo da Mata,

In Portugal, the fresh memories of the last hazmat drivers' strike on the 15th of April still haunt the Portuguese hearts and minds.

Average salary reaches 911 euros in 2nd trimester

ECO News,

The average net monthly income of Portuguese dependent workers reached 911 euros in the second trimester of the year, according to the National Institute of Statistics.

Ryanair to close Faro’s base in January 2020

ECO News,

Ryanair has informed this Tuesday that will close its operational base in Faro's Airport in January 2020, laying off about 100 employees, despite maintaining the flight connections there.

Portugal’s most expensive hotel?

ECO News,

Staying in a hotel in Lisbon would cost you 95€ per night last year, according to the Portuguese Association for Hospitality.

Novo Banco closes deal on real estate assets for 800M€

ECO News,

Novo Banco (NB) closed a deal to alienate two assets portfolio. Both operations were evaluated in 800M€ as they involved Waterfall Asset Management and Cerberus.

Public debt falls to 246.9M€ in June

ECO News,

Public debt dropped by 5.6Bn€ in June, after the payment of 8.1Bn€ in general obligation bonds during that month as reported by the Bank of Portugal.

Novo Banco doubles losses to 400M€

ECO News,

Novo Banco (NB) ended this first semester with losses of 400,1M€, almost the double when compared with the same period of 2018.

CGD’s profit increased by 45% to 282.5M€

ECO News,

Caixa Geral de Depósitos (CGD), the Portuguese State's bank, registered profits of 282.5M€ in the first semester of 2019, which represents an increase of 45.6% relative to the same period of last year

EDP closes deal on wind assets for 808M€

ECO News,

EDP Renewables (EDPR) concluded the deal on its "total shares and share loans" in several wind projects for 808M€, according to a statement sent to the CMVM (Portuguese Securities Market Authority).

BPI’s profits sink by 63%

ECO News,

BPI has shown a positive consolidated result of 134.5M€ in the first six months of the year.

Housing prices soar in Almada, beating Porto and Lisbon’s.

ECO News,

Amadora registered the highest increase in housing price in the first three months of the year. It has increased by 22.7% relative to the national average of 9.2%.

From Tesla to Lisbon: how Techstars discovered Portugal?

Bernardo da Mata,

Launched last year, the first edition of Techstars' acceleration programme conquered foreigners from all over the world. Some even decided to remain in Portugal.

Startups represent 1.1% of Portuguese GDP

ECO News,

The Portuguese entrepreneurial ecosystem represented 1.1% of the Portuguese gross domestic product in 2018.

Labour 2030: international congress returns to Porto

ECO News,

Thirty countries, five continents and 500 attendees to be gathered in Alfândega do Porto on the 19th and 20th of September for the world's biggest international congress on labour affairs.