Increase of tourism in Lisbon in 2021 expected to be slow

Lusa,

"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

Lusa,

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

ECO News,

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."




Portugal intends to proceed against Poland, Hungary

Lusa,

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

Lusa,

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

ECO News,

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.



Non-essential travel to UK allowed from May 17

ECO News,

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.



Tourism explains 75% of the historic fall in GDP in 2020

ECO News,

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.



REN reports Q1 net profit of €4.5M

Lusa,

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%

ECO News,

The Portuguese company informs the market that net profit totalled €180 million, representing a rise of 23% compared to the previous year.



Central bank handed over €428M in dividends to state in 2020

Lusa,

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

ECO News,

"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.



‘Two good reasons’ to be concerned about TAP – president

Lusa,

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’

Lusa,

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

ECO News,

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.