Airport passenger numbers almost double in Q3
According to a Statistics Portugal (INE) report, the country's airports handled around 10 million passengers in the third quarter of 2021.
Corticeira Amorim approves dividend of 8.5 cents per share
Corticeira Amorim approved this Friday the company's interim non-consolidated balance sheet and the distribution of a gross dividend of €0.085 per share, totalling €11.305 million.
Court of Appeal confirms Montepio sentence
The Court of Appeal upheld the ruling of the Competition Court that partially upheld the appeals of Montepio and former directors.
“There’s no point in having a new airport” without TAP
"I really think that TAP is probably one of the most critical companies for our collective future. But there is also no point in having a significant new airport without TAP," said Siza Vieira.
Lisbon mayor cancels New Year concerts
Carlos Moedas' stance comes a day after the mayor of Porto, Rui Moreira (Independent), cancelled the end-of-year festivities in the northern city due to the pandemic.
Energy leads recovery applications with 11 projects, €4.22B
With 11 projects and a total investment of €4.221 billion, the country's energy, hydrogen and lithium sector leads the applications for the Green and Mobilising Agendas.
TAP says pace of sales is slowing with new variant
The Portuguese airline stated on Thursday that the new Omicron variant is causing a slowdown in ticket sales.
VW plant expects to produce 53,000 fewer cars in 2022
In an internal statement dated November 30, the Autoeuropa Workers' Committee said that the drop in production is due to the crisis in the supply of semiconductors.
Bruno Borges is the new General Manager of Free Now Portugal
The new General Manager of the multi-service mobility platform in Portugal was until now director of operations.
Productivity growth main economic risk in long term
According to the country's Public Finance Council (CFP), productivity growth in Portugal is the main macroeconomic risk in the long term
Microsoft appoints Ortolá as General Manager for Portugal
The changes come after five years of Paula Panarra's leadership at Microsoft Portugal.
OECD warns against rapid increase in Portugal’s minimum wage
"The government should also avoid increasing firing costs abruptly, which would discourage job creation, and increasing the legal minimum wage rapidly," reads the OECD's latest Economic Outlook.
Decision to reprivatise Efacec to be taken by year’s end
Despite the delay in Efacec's reprivatisation process and the difficulties the company is going through, the Minister for the Economy expects to decide the company's destiny still this year.
Public debt fell by €310 million in October
The country's public debt, in Maastricht terms, fell by €310 million in October to a total of €271.2 billion.
Portugal has over 130 hydrogen projects in motion
Projects range from the production of clean hydrogen to its use in industry, mobility, energy and buildings.
Portuguese companies in the Angolan Market are optimistic
A source from AICEP told Lusa that Portuguese companies are resisting the crisis and reinventing themselves in the Angolan market.
ANA wants to discourage the use of small aircraft in Lisbon
To discourage the use of small planes at Lisbon airport, ANA wants the minimum parking fee to rise from the current 14 tonnes to 45 tonnes.
Galp chooses Sines to build lithium refinery
The Sines complex is, after all, the location chosen by Portuguese oil company Galp and British mining company Savannah Resources to "implement a sustainable lithium processing refinery in Portugal".
Azores requires foreigners to provide negative Covid test
The Azores currently have 239 active, positive cases: 172 in Sao Miguel, 29 in Terceira, 16 in Sao Jorge, 14 in Faial, seven in Graciosa, and one in Corvo.
Consumer price inflation in November estimated at 2.6%
Compared to the previous month, the Consumer Price Index (CPI) is estimated to have risen 0.5%, as it had in October.
INE confirms GDP growth as 2.9% QoQ, 4.2% YoY
The Statistics Portugal (INE) confirmed in its Quarterly National Accounts that the country's gross domestic product swelled 2.9% in the third quarter.
Novobanco concludes sale of Spain operation to Abanca
Novobanco had announced on April 5 that it had signed an agreement with Abanca to sell its retail, private banking and SME operations in Spain, including 10 branches and their staff.
Portugal’s unemployment rate remains at 6.4% in October
Statistics Portugal (INE) reported on Tuesday that the country's unemployment rate stood at 6.4% in October, the same as the previous month, but 1.2 p.p. less than a year ago.
Portugal requires EU digital certificate at the border
To enter Portugal through its land borders, it is now necessary to be vaccinated or to present a negative Covid test.
