Portugal agrees to join agreement on African national debts
António Costa announced this Tuesday that Portugal would participate in a global agreement on the external debt of African countries.
Portugal is the fifth best country in the world for expats
Expats consider that Portugal has a good quality of life and it is easy to settle in, but they have a negative view of career opportunities and job security.
Increase of tourism in Lisbon in 2021 expected to be slow
"In the medium term, from 2022, we expect growth and we hope to reach the numbers we had [before the pandemic] in global terms perhaps in 2023," said the president of Lisbon Region Tourism.
TAP’s Portugal-UK flight reservations soar
Since Portugal was put on England's green list of destinations, TAP flights between the two countries have "more than doubled".
BCP’s first-quarter profit increases to €57.8 million
The group's net profit of €57.8 million in the first quarter of 2021 was achieved despite the "€112.8 million provisions for legal risk on CHF loans."
Costa calls Novo Banco a “partially rotten fruit basket”
Former governor of the Bank of Portugal says problems at Novo Banco lie with BES and the "disastrous financing operations" the bank granted before 2014.
199 new cases and two deaths by Covid-19 in Portugal
Since the start of the pandemic, Portugal has had 842,381 cases and 17,009 deaths from Covid-19.
Portugal intends to proceed against Poland, Hungary
Portugal's minister of foreign affairs announced Portugal will push ahead with proceedings underway against Poland and Hungary for suspected violations of EU values.
EDP chairman buys 127,300 company shares
According to a statement sent to the Portuguese Securities Market Commission (CMVM), Miguel Stilwell bought a total of 28,096 company shares for €4.53 each.
Portugal is one of the “paradises” in the Covid context
Portugal is, as of this Thursday, on the UK's "green" list. With the country's epidemiological situation under control, the measure could help boost tourism.
Thousands of Brits expected as lockdown easing continues
Portugal is one of the few beach destinations on the UK's reopening plan list, which left out popular countries such as Spain, Greece and Turkey.
Non-essential travel to UK allowed from May 17
Non-essential trips to and from the UK will be allowed from 12:00 am on Monday, simply by showing a negative test for covid-19 carried out within the previous 72 hours.
REN to invest €40M to prepare gas network for hydrogen
REN plans to invest €40 million by 2024 to make the gas network compatible with hydrogen injection.
Tourism explains 75% of the historic fall in GDP in 2020
The collapse of tourism activity in Portugal due to the pandemic constraints explains three-quarters of the historic 7.6% fall in GDP in 2020, according to INE.
European Commission sees Portugal’s GDP rising 13.5% in Q2
The European Commission forecasts that the Portuguese economy will grow 13.5% in the second quarter compared to the same period last year.
REN reports Q1 net profit of €4.5M
Portugal's energy grids operator reported a first-quarter net profit of €4.5 million, up €200,000 on the same period of last year.
EDP’s first-quarter profit rises 23%
The Portuguese company informs the market that net profit totalled €180 million, representing a rise of 23% compared to the previous year.
Portugal’s economy stabilises in the first week of May
The central bank's daily economic activity indicator shows that the country's economy maintained its momentum in the first week of May.
Central bank handed over €428M in dividends to state in 2020
Between dividends and taxes on current income, the Bank of Portugal handed over to the State a total of €671 million, lower than the amount handed over in 2020, which was €956 million.
State and AICEP mediate Galp’s negotiations with Northvolt
"Contact of the Ministry for Environment and Climate Action with Northvolt happened, naturally, and by the hand of AICEP, which promoted that meeting" with Galp Energia, the Ministry confirmed.
Q1 YoY profits at EDP Renováveis tumble almost 40% to €38M
The Portuguese company informs the market that net income totalled €38 million, "partially neutralised" by lower financial costs and positive tax effects.
‘Two good reasons’ to be concerned about TAP – president
Speaking to journalists about Groundforce's request for insolvency, Marcelo Rebelo de Sousa said that there are two good reasons for the Portuguese people to be attentive to the situation of TAP.
Costa hails Tunisia’s ‘democratic consolidation’
The position was conveyed by António Costa on his official account on the social network Twitter, after he received the prime minister of Tunisia, Hichem Mechichi, at his official residence in Lisbon.
Portugal’s tax burden stood at 34.8% of GDP in 2020
Contrary to the government's expectations, the tax burden increased in 2020 and reached 34.8% of GDP, a new record. Still, it is the eighth-lowest among the 27 member states of the European Union.