It’s official: Government’s State Budget 2022 approved
The State Budget was approved, with the main changes to the original draft coming from the hand of PS, PAN and Livre.
Prénatal buys Toys “R” Us Portugal
Toys "R" Us Portugal operates in the retail distribution of toys and children's products through 11 physical shops in Portugal and online trade.
Novobanco will make €62M from selling logistics assets
The bank sold a real estate portfolio, comprising predominantly logistics assets, for over €200 million. The operation will have a positive impact of €62 million on this year's results.
Portugal, Spain stress importance of energy interconnections
According to Portugal's government, the two countries together have installed capacity - including terminals for ships carrying liquefied natural gas - to supply 30% of Europe's gas needs.
There’s three candidates in the lead to buy Lusíadas Group
The sale of the Lusiada group is in the final straight. Ageas and two of France's largest private healthcare groups, Ramsay Générale de Santé and Vivalto, are leading the race.
Efacec announces completion of light rail project in Denmark
The Portuguese company has announced the completion of the Odense light rail project, in Denmark, whose electromechanical component was fully developed in a €50-million contract.
Over 54,000 foreigners asked for nationality in 2021
According to the Annual Internal Security Report (RASI), over 54,000 foreigners applied for Portuguese nationality in 2021 and the Foreigners Service issued 46,855 positive opinions.
Portugal believes Covis-19 peak passed
The minister of the presidency said on Thursday that the data on the evolution of Covid-19 in Portugal indicates that the "peak" of the new wave of infections has already passed.
Portuguese Rovensa acquires Cosmocel
The acquisition of Cosmocel by the former Sapec allows the Lisbon-based group to almost double its turnover. The Mexican company opens the door to markets in North and Latin America.
State invests €4M at Hannover Messe’22
The Hannover Messe'22 will be held in Germany, between May 30 and June 2, and will be inaugurated by the German chancellor, Olaf Scholz, and the Portuguese prime minister, António Costa.
Lisbon metro staff on another partial strike on Friday
In a statement, Lisbon Metro (ML) said that, as it is expected that circulation will be affected, "the transport service will start, predictably, from 09h30 am".
Sonae to invest €300M in its technological investment arm
Led by Eduardo Piedade, Bright Pixel Capital is counting on more than doubling the amount invested since 2016 in technology businesses applied to retail, digital infrastructure or cybersecurity.
Opinion How can Portugal be part of the Startup Champions League?
Why isn’t Portugal able to be a Silicon Valley of Europe? What is missing for Portugal to be on the Startup Champions League?
Government may send more material to Ukraine if requested
"We continue, as has been said, to the extent of our possibilities and according to what Ukraine requests, to consider sending support and materials," says the Portuguese defence minister.
Efacec shows losses of €21.5 million in Q1
The company’s results are getting worse and worse. Losses of 21.5 million in the first quarter and revenue well below expectations.
Portuguese governement authorises Chelsea FC sale
The Portuguese government's position has the agreement of the European Commission, according to the office of the minister of foreign affairs.
CEOs of listed companies earn 32 times more than employees
In 2021, the CEOs of the main Portuguese listed companies received, on average, 32 times more than their employees.
Portugal is the 23rd most attractive country for renewables
Occupying the 23rd position, EY says the Portuguese market is "growing". USA and China lead the ranking.
Ryanair believes TAP will be sold to Iberia
Michael O'Leary tells ECO that the "Portuguese government wants to rescue TAP and pack it up to give it to someone else," pointing to Iberia as a potential buyer.
Klarna is firing. ‘Challenges’ hold back plans for Portugal
The Swedish fintech had announced its intention to set up a hub in Portugal and to hire 500 employees over several years. It is preparing to move to a new office in July.
TAP ‘is asking’ Brussels ‘to give the slots to easyJet’
In an interview with ECO, Ryanair's CEO says that TAP is "asking the European Commission" to give the slots to easyJet. And he contradicts NAV, saying that TAP can lend slots.
Bank of Portugal imposes new chairman for Banco de Fomento
The government has been trying for a year to find a name for the non-executive president of Banco de Fomento. The minister of economy admits "obstacles" in the salary to attract trustworthy person.
Santander Totta capital increase ‘fully subscribed’
On May 4, Santander Totta's shareholders approved, in a general meeting, a capital increase of €135 million and the distribution of dividends of €273 million for 2021.
GreenVolt profits up 43% in Q1 to €1.3M
The Portuguese company reported a net profit of €1.3 million in the first quarter of 2022, an increase of 43% compared to the same period last year.