Brussels ready to back Navigator in anti-dumping case
The European Commission might back up Portugal in its effort to fight back the sudden increase of tariffs to 37 % on paper sales to the USA, which have affected severely the country's industry.
How are Portuguese companies benefiting from blockchain?
EDP, REN, EMEL, among others, are investing in blockchain solutions to optimize processes and reduce their unnecessary costs.
Navigator crisis hit €139m in losses, diplomats on guard
Both the government and its diplomatic bodies are monitoring the Navigator crisis, given the sudden increase of tariffs to 37% on paper sales to the US, which is causing severe damage to the company.
Raize profits 21 thousand euros in the first semester
The first results on the company's performance in Lisbon's stock market were released: 1 month in, €21 thousand in profit. Last year, Raize had closed accounts with a negative balance of €21 thousand.
Web Summit: Paddy Cosgrave un-invites Le Pen
Paddy Cosgrave had invited far-right, extremist Le Pen, to the Web Summit. After a chain of negative reactions, the CEO decided to withdraw his invitation to the French politician.
Geringonça brought 16 thousand more government employees
DG for Home Affairs and Public Employment released data about the balance of government employees. It has increased to 675 thousand. The current government hired 16 thousand more employees.
GDP grows 2,3% in the second quarter. Economy is ramping up.
GDP went up 0,5% compared with the previous quarter, and it rose 2,3% in comparison to the same quarter of the previous year. After a very weak first quarter, the economy is ramping up.
Lisbon stocks lower mid-morning, PSI20 down 0.25%
The main index of the Lisbon Stock Exchange, the PSI20, was trading down by 0.25% at 5,523.34 points mid-morning on Tuesday after opening up by 0.04%, penalised by Navigator and Galp.
CMVM monitors Navigator’s assets following its 18% fall
The new US taxes on paper sales are hampering Navigator's profits. Analysts have indicated that the losses will continue to be witnessed until the tax is waivered.
Indian ambassador wants closer ties with Portuguese people
India's ambassador to Portugal, Nandini Singla, said on Monday that the political relationship between India and Portugal is "fantastic" and called for the countries' people to have closer ties.
Temporary jobs on the rise in Portugal
Poland and Spain are the EU countries in which the share of temporary employees is higher, accordingly to Eurostat. Portugal comes right after with 22% of the population employed in part-time jobs.
Portugal: Inflation rises 1.6% in July, INE confirms
The consumer price index (CPI) rose to 1.6% in July, more than the same month a year earlier, a slight acceleration compared with a 1.5% growth in June.
Macau imports 29% more products from Portugal
Macau imported products worth €14.4 million from Portugal in the first half of 2018, or 29% more compared with the first half of 2017, the Portuguese Trade and Investment Promotion Agency confirmed.
Comporta’s sale at risk, as grasping interests collide
Assets management company, Gesfimo, will only present a new sale offer if the contestants abdicate from their right to oppose it. At least one bidder hasn't agreed to this condition.
Brussels extends aid to the Portuguese banking system
The European Commission decided to extend the financial aid to the Portuguese banking system up until the 9th of February 2019. The aid scheme consists in giving aid to eligible credit institutions.
Exports failed to keep up with imports’ growth in June
Exports didn't accompany the growth rate of imports, until June, according to the Portuguese Office for National Statistics (INE) causing the trade deficit to spike.
Ricardo Salgado: nine lawsuits, 21 crimes so far
Ricardo Salgado was accused of 21 crimes in total. The banker is also facing nine lawsuits, from which four have been filed by the Public Prosecution Service.
CP’s managers want to get off the hook amidst a major crisis
Comboios de Portugal (CP) is going through a major labour force shortage with malfunctioning railway equipment, making clients' complaints intensify. Managers are ready to leave the company.
Average income peaked at €887, the highest record since 2011
The Portuguese average income increased to €887 by the end of June this year, which accounted for the highest salary increase since the first trimester of 2011.
Associação Mutualista: who will be AMMG’s next leader?
Fernando Ribeiro Mendes announced his candidature, a month ago. The other associates in the group are formalizing the candidacy of Tomás Correia for the next round of elections.
The Economist’s views on Portugal’s economic growth
ECO had access to a part of the Economist Intelligence Unit's report on the Portuguese economy outlook, and we talked to the economist in charge of the analysis from the British magazine.
High electricity bills linked with high taxation in Portugal
Portugal comes third in Eurostat's ranking, that aims at asserting which are the countries whose energy bills are at its highest.
Papermaking industry cheers up Lisbon’s stockmarket
During the first session of the week, Altri and Navigator's stocks increased their value by 2%. Benchmark index closed with a positive value even if the increase is very slight.
How many patents do companies register per year in Portugal?
Have you ever considered patenting one of your ideas? It might just be the best way to protect it. Given Portugal's startup and tech boom, ECO was curious: how many patents are registered per year?