Nos increases profits. But cuts dividends

The telecom operator led by Miguel Almeida increased profits, but revenues grew slightly. The dividends will shrink, but we will give all the results obtained to the shareholders.

CTT invests €12M in Spain in express mail, parcel service

Lusa,

The Portuguese company launched a new brand in Spain. The strategic plan foresees an investment of 12 million euros in new facilities, distribution optimization technology and digitalization.

Jerónimo Martins increases profits to 433 million in 2019

ECO News,

Jerónimo Martins' profits grew 7.9% in 2019. The Polish business was the main driver of the retailer's results, with Biedronka's revenues increasing by almost 8%.

Country’s inflation in January third lowest in EU, at 0.8%

Lusa,

After having registered in the last two months of 2019 the lowest annual inflation rate in the euro zone, Portugal had in the first month of this year the third lowest in the European Union.

BCP with profits of 302 million. The best result since 2007

ECO News,

The Bank led by Miguel Maya recorded profits of 302 million euros in 2019, a slight increase of 0.3% on the previous year. These are the best results in 12 years.

Public debt fell to 118.2% of GDP in 2019

ECO News,

Public debt from Maastricht's perspective, which counts for Brussels, fell to 118.2% of GDP in December 2019, and in 2018 it stood at 122.2%. Debt reduction is higher than the government's estimate.

Portugal’s external debt falls to 85.1%

ECO News,

The improved performance reflects the improved economy in recent years. However, in nominal terms there has been a worsening, with the debt rising.

Portugal obtains 1,250 million with negative interest

ECO News,

The country went to the markets this Wednesday to finance itself in 1,250 million euros. And interest, which is on negative ground, has fallen even further.

Portugal’s PM opposes EU budget proposal

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António Costa said the government was not happy with the proposal put forward on Friday by the Council’s president for a multi-annual EU budget for 2021-2027.

US ‘confident’ telcos will in long term use ‘reli

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"Telecom operators in Portugal will only implement reliable technology," says the Deputy Assistant Secretary of the State Department for Cyber Communication.

Galp Energia admits to sell assets to limit debt increase

ECO News,

The company will strengthen investment in renewables in the coming months, but guarantees not to let the weight of debt on activity increase. Therefore, it considers asset rotation.

Portugal admits to subsidising health care for Britons

ECO News,

The idea under consideration by the Government is for British tourists to pay the same as Portuguese for health care after Brexit.

Galp’s profit drops 47% to 389 million

ECO News,

The company points to a "challenging" refining context to explain the drop in net results.

TAP banned from flying to Venezuela for 90 days

Lusa,

The Venezuelan government announced the suspension for 90 days of TAP’s operations to the country, "for security reasons" following accusations of transporting explosives on a flight from Lisbon.

Centeno confirms he is not leaving the Eurogroup

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Mario Centeno guaranteed that he's not leaving the leadership of Eurogroup. In January 2018, Centeno began a two-and-a-half-year term at the head of the informal forum of eurozone ministers.

Mota-Engil wins two projects in Latin America

ECO News,

The company will build a dam in Colombia, in a project valued at 270 million euros, as well as a 24 km section of a road in Mexico, in an investment of 45 million euros.