New debt issued by Portugal in 2019 cost only 1.1%

ECO News,

The direct State debt amounted to 251,012 million euros at the end of 2019, 2% more than the previous year. However, the interest on these bonds has sunk.

Interview “We need partners for the offshore” – Antonio Mexia

ECO News,

EDP and Engie have joined forces to invest in offshore wind energy, a market that will experience strong growth. The joint venture will allow the necessary scale to attack new projects.

Special The impact of Luanda Leaks in Portugal

Luís Alexandre,

ECO gathered all the events that took place this week in Portugal and are linked to the Luanda Leaks case. Companies like EuroBic and Nos are some of the companies affected by the scandal.

EuroBic private banking chief foud dead

Lusa,

Nuno Ribeiro da Cunha, director of EuroBic private banking and account manager at Sonangol, was found dead at his home.

Portugal is not planning a new early repayment to Europe

ECO News,

After the first debt payment before the deadline in 2019, the IGCP is not planning further repayments in 2020. It is, however, available for adjustment.

Country prepared for the new emissions trading directive

Lusa,

The new legislation would set rules for the period 2021-2030 and seeks to strengthen the cost-effectiveness of emission reductions and investment in low-carbon technologies.

Luanda Leaks to have domino effect

Lusa,

According to the head of Transparency International (TI), the investigation is likely to have a domino effect that could lead to explosive revelations about business dealings in other countries.

EDP repurchases 680 million in debt

ECO News,

The company led by António Mexia wanted to buy back up to 750 million euros in debt with maturity in 2075.

Portugal’s public debt is the third largest in the EU

ECO News,

According to Eurostat, Portugal is the third country in the European Union where the debt weighs most heavily on GDP. At the top is Greece, followed by Italy.

Foreign investment at high in 2019

Lusa,

The Minister of Economy said that the foreign investment contracts captured by the Portuguese agency for foreign trade and investment (AICEP) reached "a new high" in 2019.

Police, public prosecutors search Portuguese banks

Lusa,

The criminal investigation police (PJ) and the public prosecutor's office started 15 searches of banking institutions and company headquarters.

Number of foreign residents tops 500,000 for first time

Lusa,

The Portuguese minister of internal administration announced that the number of foreign nationals living in Portugal exceeded 500,000 in 2019.