Government sees deficit below GDP target of 4.3%
The budget deficit stood at €8,794 million in 2021, down €2,862 million from 2020. The figures suggest that the government's target will be met.
BES case set to be heard in February
Judge Ivo Rosa has already scheduled the first session for the opening of the case involving Ricardo Salgado for February.
Government highlights ‘excellent’ relationship with Ukraine
Portugal and Ukraine established diplomatic relations on January 27, 1992, but the first ambassador resident in Kyiv, Manuel Henrique Corte-Real, only presented credentials on December 19 1993.
Extradition trail of João Rendeiro scheduled for May 20
The former chairman of BPP will remain in detention in Westville prison, in South Africa, where he returned at the end of today's hearing.
Tourist trips in Q3 2021 highest since start of pandemic
According to Statistics Portugal (INE), tourist travel by residents in Portugal and abroad increased 21.3% YoY in the third quarter of 2021.
Bank Millennium reinforces provisions for FX mortgage loans
BCP's bank in Poland said it had increased provisions as it continued to register negative trends in court decisions, concerning the so-called "Francowicze" case.
Digi already recruiting for new Portuguese mobile operator
Digi will be one of two new mobile operators with their own network entering the Portuguese market.
Record 65,578 new cases, 42 Covid-19 deaths in last 24 hours
According to the daily epidemiological bulletin, 2,313 people are hospitalised today, seven less than on Tuesday, 154 of whom are in intensive care units, four fewer today.
Portuguese Kencko raises $10 million in Series A funding
The blender-free smoothie company intends to use this investment to expand the business into new categories.
Brussels will assess RRP request by March
The EU confirmed this Wednesday that it had received Portugal's first request for payment of €1336 billion in the Recovery and Resilience Plan framework.
Sonae joins the Bloomberg Gender-Equality Index
The group headed by Cláudia Azevedo joins other Portuguese listed companies, such as Jerónimo Martins, Galp, EDP, EDP Renováveis and BCP in the Bloomberg Gender-Equality Index.
State provides new guarantee of 199.5M for Covid credit line
The credit line for exporting companies in the industry and tourism sector has an allocation of €199.5 million.
Portuguese unicorn buys Bright Technologies unit
Sword Health has acquired the software development startup Bright Technologies. The Portuguese unicorn is also recruiting 150 professionals in the areas of engineering and product for Portugal.
5G flight interference is a non-issue in Portugal
The risk of 5G interfering with the altimeters of some planes is causing a stir in the US but is a "non-issue" in Europe. ANAC is "monitoring" and TAP has already received guidance.
Portugal’s first recovery plan payment request presented
Before presenting the request, Portugal had to comply with 38 indicators contracted with the European Commission for this phase, 21 associated with reforms and 17 with investments.
Banco Efisa’s liquidation approved
The bank's closure was approved on March 21, and has since been confirmed by the Finance Ministry, and a liquidation commission has been appointed.
Port of Sines sees ‘best year ever’ in container cargo
Despite the adversities of the pandemic, the Port of Sines recorded "an expressive year-on-year growth in all cargo segments."
Pandemic measures worsened deficit by 2.6% until September
According to the Technical Unit for Budgetary Support (UTAO), the measures adopted to respond to the pandemic have worsened Portugal's budget deficit by about 2.6% of GDP.
Sonae Sierra refinances debt via sustainability-linked bonds
The property investment company, 70% owned by the Sonae group, assumes the "goal is to continue to link its corporate debt to sustainability criteria".
Efacec signs contracts worth over €30 million with REE
The contracts include the supply of over 20 power transformers for substations of the 400kV transmission network in Mainland Spain and the 245kV network in the Canary Islands.
Number of companies ‘at potential risk’ increased in 2020
according to the Bank of Portugal's new 'Regional economic and financial indicators of non-financial companies', the percentage of companies with losses "increased in all regions."
Employment rate in Portugal above pre-pandemic level
Besides Portugal, France, Australia, Greece, Hungary and New Zealand have their employment rates above pre-pandemic employment levels.
Pharol sees fine upheld for breaking EU competition rules
The EU has fined Pharol and Telefónica again for entering into a non-competition agreement after the sale of Vivo to the latter.