Jerónimo Martins bets on takeaway. Biedronka in new markets
The Portuguese retailer sold and profited more in 2019. Now it wants to continue growing.
CTT invests €12M in Spain in express mail, parcel service
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.
“We don’t have Huawei at the core” of the networks, says Nos
The company is confident that Portugal will follow the recommendations of Brussels in 5G. But it has revealed that, in its case, Huawei is no longer part of the core of its network.
Jerónimo Martins increases profits to 433 million in 2019
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%
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.
More managers are leaving Isabel dos Santos’ companies
After the resignations at EuroBic, Nos and Efacec, there are more managers leaving Isabel dos Santos' companies in Portugal.
EDP profits 512 million. But negative results in Portugal
EDP performed "well" in 2019, despite the negative results in Portugal. The group's net results shrank 1%.
BCP with profits of 302 million. The best result since 2007
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.
“Portela is the worst airport in the world,” says CEO of TAP
The airline's CEO accuses the concessionaire of not investing in the airport, which brings costs for the company.
Public debt fell to 118.2% of GDP in 2019
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.
TAP Group reduces 2019 losses by €12.4M to total €105.6M
The national airline recorded a loss of 105.6 million in 2019, as a result of the investment of more than 1.5 billion in fleet renewal.
EDP Renováveis’ profit rises 52%. Dividend goes up again
The company saw net income increase 52%, while revenues increased 7%. And, as in 2018, it will increase shareholder remuneration by one cent to eight cents.
Portugal’s external debt falls to 85.1%
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
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
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
"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
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.
Galp plans 10 gigawatt solar power production by 2030
Investment in clean energy is part of an oil company's transition strategy for the next decade.
Portugal admits to subsidising health care for Britons
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
The company points to a "challenging" refining context to explain the drop in net results.
TAP banned from flying to Venezuela for 90 days
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
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
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.