Portugal’s tourism revenues fell 80% in November

ECO News,

Portugal received only 440,700 guests in November, the equivalent of a 76% reduction compared to the same month last year.




King of Spain, President of Portugal talk about presidency

Lusa,

According to a note published on the President's website, the President of Portugal spoke on Friday morning with the King of Spain about the Portuguese presidency of the Council of the European Union.


Portuguese enterprises are not committed to innovation – EU

ECO News,

Between 2016 and 2018, 50.3% of enterprises in the EU with at least 10 employees reported innovation activity. Portugal ranks at the bottom of the table, in 21st place.


Sines plant closes ahead of schedule

Lusa,

With an installed capacity of 1,256 MW, the Sines coal-fired power plant supplied a third of the electricity consumed in Portugal in the early 1990s and was losing importance in recent years.



Supermarkets banned from selling books, clothes

Lusa,

The minister for economic affairs, Siza Vieira, said on Friday that supermarkets and hypermarkets in Portugal will be prevented from selling non-food items, due to the new general lockdown.


CTG makes 534 million with the sale of EDP shares

ECO News,

China Three Gorges raised 534 million euros with the sale of 100 million shares of the Portuguese company. The operation was aimed at qualified institutional investors. 


United Kingdom bans flights from Portugal

ECO News,

The British government has banned flights to the UK from several countries, including Portugal, following the discovery of a new coronavirus variant in Brazil.




House prices rise 7.1% in Q3 2020, above EU average

Lusa,

Between July and September last year, house prices rose by about 5% in Europe. In Portugal, the increase was even sharper: 7.1%.


Unemployment forced 340 immigrants to return home

ECO News,

Due to the pandemic, the International Organisation for Migration has recorded twice as many requests. Unemployment and difficulties in accessing the labour market are the main reasons for returning.




PM announced new measures for the four-week lockdown

ECO News,

Infections with the new coronavirus have skyrocketed after Christmas and the New Year, forcing the government to decree a new general lockdown in Portugal.


Portugal to get €58.3M EU support due to Brexit

Lusa,

The country should receive at least 58.3 million euros from the EU to support the economic sectors most affected by the UK's exit from the Single Market.



Zero inflation in 2020 after a YoY fall of -0.2% in December

Lusa,

According to Statistics Portugal (INE) announced that the year-on-year rate of change in the Consumer Price Index (CPI) was -0.2% in December and the average for the year was zero.




MásMóvil wins auction to build 4G network in Portugal

ECO News,

The company that owns Nowo won three lots in the 1,800 MHz band in the first phase of the 5G auction, which was dedicated to companies with no presence in the Portuguese telecommunications market.