Golden Visas – demand increasing from Hong Kong

Lusa,

The demand comes at a time when thousands of Hong Kong residents are opening bank accounts in other countries as a contingency plan in the face of a prolonged period of turmoil in Hong Kong.

PM welcomes Pompeo to discuss Portuguese-American relations

Lusa,

Prime minister António Costa welcomed the US secretary of state, Mike Pompeo, in a meeting that analysed bilateral relations between both countries.

High growth in tax burden puts Portugal in OECD’s top three

ECO News,

New OECD data show that Portugal is one of the countries where the tax burden has risen the most since 1965. Greece and Spain are the countries with the highest increases. Ireland shows a fall.

fintech Tink brings open banking platform to Portugal

Lusa,

Tink is entering the Portuguese market with its 'open banking' platform, which allows banks and companies to develop specialised financial services.

ECB is pushing Portuguese banks into debt and credit risk

ECO News,

Portuguese banks are risking more, both in credit and in investments, in the search for profitability. Banco de Portugal warns that cautious policies must be pursued.

Rise in house prices slows down in 2020

ECO News,

The financial rating agency forecasts a 4% rise in house prices in Portugal. Prices are rising again, but the pace is much weaker than in recent years.

Israeli PM to meet top US diplomat in Lisbon

Lusa,

Netanyahu is arriving in Lisbon on Wednesday for a visit during which he will meet with US Secretary of State Mike Pompeo.

Vista Alegre increases capital by 15 million euros

ECO News,

The private offer is taking place between this Wednesday and Thursday. The Portuguese Securities Market Commission (CMVM) has suspended the trading of the shares on the Lisbon Stock Exchange.

Lisbon is the sixth best city in the world for expatriates

ECO News,

The Portuguese capital has risen 12 places in the list of the best cities to live in chosen by expatriates. The ease of "settling down" is one of Lisbon's strong points.

Portugal produced more renewable electricity in 2018

ECO News,

More than half of the energy produced in the country last year, 55.2 percent of the total, came from renewable sources, according to the General Directorate of Energy and Geology.

CGD will invest 200 million in digital transformation

ECO News,

The public bank is investing in digital, but Caixa Geral de Depósitos says it doesn't forget her elders in this process.

Greta Thunberg to sail into Lisbon on Tuesday

Lusa,

The environmental activist Greta Thunberg will arrive in Lisbon on Tuesday, before travelling on to Madrid to attend the COP25 climate change summit.

Public debt drops in October to 251.4 billion

ECO News,

Public debt fell in October to 251.4 billion euros, with the advance payment of 2 billion euros to European creditors.

Corticeira Amorim approves extraordinary dividend

ECO News,

The company led by António Rios Amorim will use reserves to distribute a total of 11.3 million euros. Shareholders approved the proposal this Monday at the general meeting.

EDP will invest 500 million in intelligent networks

ECO News,

The company will invest 500 million euros over the next decade in the electric distribution system. The investment plan will have no impact on the electricity bill.

INE confirms economic slowdown in the third quarter

ECO News,

INE confirmed the slowdown of the economy in the third quarter to 0.3%, the lowest pace of growth since the second quarter of 2016. Consumption saves the economy from stagnation.

Portuguese PM declares aim of developing rail maintenance

Lusa,

António Costa has said the government wants to see the development of an industrial base for the railway industry, in the area of maintenance and production of rolling stock

Portugal is the best destination in the world

ECO News,

Portugal has brought home more than a dozen Oscars of the travel industry. There are distinctions for cities, hotels, airlines and even tourist attractions.

Verbund gives up the purchase of EDP’s dams

ECO News,

The Austrian company Verbund should not put forward a binding offer for the purchase of the four EDP dams in the Douro.