TAP CEO says situation at airports ‘should not improve’
Christine Ourmières-Widener says air transport, as well as its structure and complementary services, is facing serious global resource constraints.
Industrial output up 12.1% in 2021, back to 2019 levels
The largest contributions to the total product sales and services were seen in the manufacture of chemicals and man-made fibres.
Temporary permits for over 46,000 fleeing from Ukraine
Of the 46,181 temporary protection permits granted since the conflict began on February 24, 28,243 were granted to women and 17,938 to men, according to the latest update by the SEF.
Court upholds €84M fine on MEO for cartel with NOWO
The competition court on Monday upheld the €84 million fine imposed by the Portuguese competition authority (AdC) on telecoms provider MEO in December 2020 for its cartel with NOWO.
Hotel association laments Lisbon airport U-turn
The Association of Portuguese Hospitality (AHP) said it had received the airport solution for Lisbon with "optimism and expectation" and therefore regretted the "profound backlash" over the issue.
Oitante has already paid back the full €746 million loan
The early repayment of the debt contracted with Santander Totta allowed Oitante to save €110 million in interest.
Natural gas produces record amount of electricity in H1
Natural gas plants gained weight, with production corresponding to 31% of electricity consumption, which is the highest value registered to date for the first half of the year.
Over 100 TAP flights cancelled since Friday
Despite the "many flights impacted" and the current high tourist season, TAP is doing its "best to minimise the impact of this situation".
Haitong Bank increases capital after converting State rights
"The new shares issued under the share capital increase were fully allocated to the Bank’s sole voting shareholder, Haitong International Holdings Limited," the bank announced in a statement.
French Vivalto Santé chosen to acquire Lusíadas Group
The operation is valued at around €200 million and is being advised by Bank of America in Madrid.
Lisbon named the world’s third best city to live in
Portugal's capital, which is not a newcomer to this Monocle magazine ranking, climbed to third place. The low levels of pollution and the entrepreneurial spirit weighed in Lisbon's position.
Portugal to receive €1.634B more in EU recovery funds
The European commission on Thursday released the updated key for the distribution of RRM grants among EU member states, as foreseen in the regulations.
Direct London-Azores flights start Saturday
According to the ATA, there will be 10 connections this summer, the result of a partnership between Portugal's Tourism Office, ANA Aeroportos - Vinci Group, NAV Portugal and the Azores' government.
Infrastructure minister continues in the government
The minister Pedro Nuno Santos spoke to journalists this Thursday afternoon about the recent controversy surrounding the new Lisbon airport.
Opinion Hannover Messe was the beginning for Portuguese companies
Portugal's geographical location and skilled labour force represents a clear advantage when compared to countries in other continents.
SCOOCS secures €1M investment from German business angel
The Portuguese platform currently employs 12 people. It wants to double its team in the next two years.
PM António Costa dismisses minister of infrastructure
If Pedro Nuno Santos does not resign, it will be António Costa who will dismiss the minister of infrastructure, after he cancelled the order on Lisbon's new airport.
Inflation 8.7% in June, highest since December 1992
In May, the year-on-year rate of change in the Consumer Price Index (CPI) was 8.0%.
Prime minister annuls order for the new Lisbon airport
António Costa says that the solution for reinforcing airport capacity in the region and Lisbon must be negotiated and agreed with the opposition.
Decision on new Lisbon airport a viable short term response
ANA - Aeroportos de Portugal has welcomed the government's decision to invest in the Humberto Delgado and Montijo airports.
‘For Americans, the Azores are like Hawaii’
ERA Portugal points out that there are more and more Germans, French and Belgians are embracing the Azores.
Portugal stands out in concern about climate change
The country stands out among about 200 nations regarding concern for climate change, with 93% of those surveyed responding in that sense, according to Facebook.
Government wants Alcochete to replace Lisbon airport
The Portuguese government will drop the Strategic Environmental Assessment tender, won by a consortium with a Spanish company, and wants to speed up alternatives to the current Lisbon Airport.
Unemployment rate rises to 6.1% in May
After two months of stabilisation, Portugal's unemployment rate rose once again in May.