Navigator posts 35% drop in 2020 YoY profit to €109 M
In 2020, Navigator posted profits of 109 million euros, a 35% reduction compared to 2019.
Portugal among group of European countries with no 5G yet
Only Cyprus, Lithuania, Malta and Portugal had not yet launched 5G services, says the report of the European 5G Observatory.
New provisions throw Bank Millennium into losses
Due to new provisions, higher than in previous quarters, Bank Millennium will report losses in Q4 2020.
TAP restructuring must ensure medium/long term viability
The minister Siza Vieira warned that the restructuring must ensure TAP's viability in the medium/long term.
Portuguese dividends among the most attractive in Europe
Portugal remains one of the countries where companies have the most attractive dividends. Allianz estimates that European companies distribute more than 300 billion euros to shareholders.
Public investment key to economic recovery – DBRS
According to the financial ratings agency, public investment is key to economic recovery in southern European countries after the pandemic.
Portugal: 252 more Covid-19 deaths, 6,923 new cases
The number of people infected with coronavirus continues to increase and, in the last 24 hours, there have been 6,923 new cases.
Santander closes 60 branches in 2020, another 30 by March
Santander said it had concentrated its efforts and investment in keeping pace with the digital age, with a progressive reduction of branches and functional redefinition of others.
Business investment fell by 16.3% in 2020
In a year marked by the pandemic, business investment in Portugal decreased by 16.3%. Companies should invest a little more in 2021.
Opinion Insurrection, Big Tech and Freedom of Speech
Liberal democracy is based on the fundamental right to free speech. This fundamental right cannot be left in the hands of a few tech CEO’s.
Marcelo Rebelo de Sousa re-elected President of Portugal
Marcelo Rebelo de Sousa is re-elected President of Portugal for a further five years. Ana Gomes in second place ahead of André Ventura.
13,987 new cases and 234 deaths by Covid-19 in Portugal
The number of people infected with coronavirus continues to increase and, in the last 24 hours, there have been 13,987 new cases.
Deaths in 2020 10.6% higher than 2015 – 2019 average
According to the Statistics Portugal (INE), the number of deaths in Portugal in 2020 was 10.6% higher than the average for the previous five years.
70% of adults to be vaccinated by end of summer – PM
António Costa has said that Portugal will have 70% of the adult population vaccinated by the summer's end.
Portugal announces UK flight ban
Portugal has decided to "stop" flights to and from the UK in order to reduce the risk of contagion based on the new variant of the coronavirus, António Costa announced.
Parents with under-12s get family support in new lockdown
The worsening of the pandemic led the government to close schools and reactivated the family support for parents who had to miss work to stay with their children.
University of Lisbon closes in-person activity
The University of Lisbon (UL) is going to close all in-person activities due to the complex epidemiological situation the country is going through.
All schools will close doors for 15 days
After several criticisms, the Portuguese government decided to back down in its decision to keep the schools open during the general lockdown.
13,544 new cases and 221 deaths by Covid-19 in Portugal
The number of people infected with coronavirus continues to increase and, in the last 24 hours, there have been 13,544 new cases.
Portugal’s economic indebtedness reaches new highs
The indebtedness of the non-financial sector rose by 2.1 billion in November to a total of 742.8 billion euros, reaching a new record high.
Portugal with fourth largest Q3 2020 GDP deficit in EU
According to the European Statistical Office, Portugal had the fourth-largest public deficit, 7.7% of GDP, in the third quarter of 2020.
Galp to keep 70 jobs at Matosinhos logistics park
Galp will maintain 70 jobs in the logistics park in Matosinhos and is also analysing "possible internal mobility solutions" for some of the workers.
Portugal’s GDP seen down 8.4% in 2020 as Q4 down 9.0% YoY
The Portuguese GDP contracted by around 8.4% in 2020, according to forecasts released on Wednesday by Lisbon's Catholic University.
14,647 new cases and 219 deaths by Covid-19 in Portugal
The number of people infected with coronavirus continues to increase and, in the last 24 hours, there have been 14,647 new cases.