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.
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.
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.
Finance minister confident Leão will be elected to ESM chair
Fernando Medina said on Tuesday he had "reinforced confidence" in the chances of his predecessor, João Leão, winning the 'race' to lead the European Stability Mechanism (ESM).
Airbus invested €69M last year
The company announced that the investment in 2021 was €69 million and that production at Stelia Aerospace (Santo Tirso) has already started.
Tax burden on salaries rose to 41.8% in 2021
Last year, Portugal was 10th of the 38 member countries of the Organisation for Economic Cooperation and Development (OECD) with the highest tax burden on the average worker.
Uncertainty forces prudent risk management, says BCP CFO
Miguel Bragança underlines that the current context requires greater care in risk management by BCP and clients, but can also generate opportunities.
PM to inaugurate Hannover Messe ’22 with German chancellor
In a statement, the prime minister's office said that António Costa "will be on May 29 and 30 at the Hannover Messe'22, which this year has Portugal as a partner country."
Rising prices push Navigator’s profits up to €50.6M in Q1
The substantially higher prices allowed Navigator to increase profits by 115% to €50.6 million in the first quarter.
GreenVolt acquires wind project in Iceland
The purchase of the wind project in Iceland was made through Polish subsidiary V-Ridium.
Frontex expected to move agent training centre to Portugal
The European Union's (EU) border police agency, is preparing to move an agent training centre from Spain to Portugal.
Confirmed cases of monkeypox in Portugal rise to 37
The DGS said in a statement that 14 more cases of human infection by the Monkeypox virus were confirmed by the National Health Institute Dr. Ricardo Jorge (INSA).
Portugal needs fiscal prudence – Dombrovskis
Valdis Dombrovskis said on Monday that Portugal is a heavily indebted country and, therefore, it should have a "prudent fiscal policy".
Unemployment falls 3.6% March to April, 25.8% YoY
According to data released by the Institute of Employment and Vocational Training (IEFP), there were 11,816 fewer unemployed people registered in April than in the previous month.
Country’s spending on public sector wages exceeds EU average
The European Commission states that Portugal spends 11.8% of GDP on the civil service salary bill, a figure above the European average.
Four Portuguese business schools among the best in the world
Nova SBE, Católica Lisbon, FEP | PBS and ISEG are the Portuguese institutions that appear in the Financial Times rankings.
Portugal’s macroeconomic imbalances continue
The analysis was published this Monday as part of the "spring package" of the European semester of economic and budgetary policy coordination.
Novobanco sells a real estate portfolio
The Portuguese bank has just sold a number of logistics assets located in Portugal, with the deal having a positive impact on Novobanco’s Group Total Capital position.
Main budget amendments by parliamentary parties
According to the parliamentary web page, 1,500 proposals for amendments were delivered, but 64 proposals have been withdrawn in the meantime.
Immigrants younger, better educated than others
Concerning the labour market, INE concluded that the population aged 25 to 64 with an immigrant background "did not differ substantially from the population without an immigrant background".
Sines can contribute to European energy autonomy
António Costa conveyed this position on the European Union's energy strategy in Warsaw during a joint press conference with his Polish counterpart, Mateusz Morawiecki.
‘Russia did not want to act drastically’ against embassy
Marcelo Rebelo de Sousa said commenting on the expulsion of five employees of the Portuguese embassy in Moscow, that despite everything, Russia did not want "to be very drastic" with Portugal.
Portugal negotiates with Germany and Poland gas export
The goal is to make the port of Sines the gateway for gas from the United States, with the same then being transferred to smaller vessels for other countries.
RRP expenditure outlay below forecast in 2021
According to the CFP, the implementation of expenditure in 2021 under the Recovery and Resilience Plan (RRP) was €410 million lower than forecast in the state budget.
