Santander Portugal’s net profit falls 44% in 2020
The bank recorded a net profit of 295.6 million euros, down 43.9% year-on-year.
949 new cases and 28 deaths by Covid-19 in Portugal
The number of people infected with coronavirus continues to increase and, in the last 24 hours, there have been 949 new cases.
Portugal to raise up to 1.25 billion in dual bond auction
Portugal has taken advantage of the more favourable market conditions leveraged by the European Central Bank (ECB) policy to finance itself at low costs.
Champalimaud Foundation is the world’s fourth best in AI
The world's top 10 listed by Nature includes the most prestigious institutions in countries such as Germany, the USA, Netherlands, Spain or the UK.
Covid-19: No travel between municipalities from 8 p.m.
The ban on movement between municipalities applies to all municipalities on the continent, regardless of the level of transmission risk.
TAP cannot provide Groundforce cash without guarantees
Portugal's minister of infrastructure and housing announced that TAP can no longer continue to make advances without having guarantees from Groundforce.
Portugal to become 26th most attractive to work in – report
Portugal was voted the 26th most attractive destination for foreign workers in 2020, a rise of four positions compared to 2018.
830 new cases and 28 deaths by Covid-19 in Portugal
The number of people infected with coronavirus continues to increase and, in the last 24 hours, there have been 830 new cases.
EDP Renováveis. One hour, 100 investors, 1.5 billion
EDPR's capital increase was concluded in less than an hour and attracted more than 100 investors. "The receptivity of investors to the strategic plan was exceptional," Miguel Azevedo told ECO News.
Jerónimo Martins criticises Portugal’s pandemic management
CEO of Jerónimo Martins criticised the way Portugal planned the fight against the pandemic. He compares it with Poland, praising the country's rigorous planning and discipline.
Retail sales in January fall 10.9%, third largest in EU YoY
According to data from the European statistics office, retail sales fell in January in the eurozone and the European Union (EU), with Portugal recording the third-largest year-on-year drop.
“Great luck” to have Portugal preside over the EU Council
The Portuguese EU presidency "is very committed, very European and has a strong political will to fix the social dimension in European policies," said the European Commissioner Nicolas Schmit.
Jerónimo Martins posts a net profit of €312M in 2020
Jerónimo Martins' net profit fell by 19.9% in 2020, to 312 million euros. It will pay a dividend of 28.8 cents to shareholders.
Risk of poverty affects 17.2%, even without social support
According to the report "Portugal, Social Balance 2020," over 12% of the Portuguese population was in a situation of persistent poverty in 2019 and 17.2% at risk of poverty.
Leão reacts to EC’s proposal to suspend budget rules in 2022
Portugal's finance minister has reacted positively to the European Commission's proposal to suspend budget rules in 2022, as in 2020 and 2021.
TAP’s disappearance would be “disaster” for tourism
The Portuguese Association of Travel Agencies and Tourism (APAVT) believes that TAP is fundamental to tourism and the country's economic recovery.
Unemployment rate jumps to 7.2% in January
In the first month of the year, the unemployment rate rose to 7.2%, according to data released this Wednesday by the National Statistics Institute (INE).
EDP Renováveis completes €1.5 million capital increase
Each of the new shares was sold at 17 euros, which represented a discount of 9.3% in relation to EDP Renováveis' share price before the operation was announced.
Portugal wants “immediate” plan to vaccinate refugees
Portugal's secretary of state for European affairs advocated an "immediate" plan to get the Covid-19 vaccines to people living in refugee camps.
EDPR goes ahead with a €1.5 billion capital increase
New shares in EDP can only be subscribed to by institutional investors. Banks are already advancing with the operation that should be concluded on March 5.
New airport in Portugal back on the table
The government will move forward with a Strategic Environmental Assessment process of three solutions for boosting airport capacity in Lisbon.
691 new cases and 38 deaths by Covid-19 in Portugal
The number of people infected with coronavirus continues to increase and, in the last 24 hours, there have been 691 new cases.
Auditor finds 47 irregularities in 2019 EU campaign accounts
ECFP identified around 47 irregularities in the accounts of the 14 parties and two coalitions that took part in the 2019 elections for the European Parliament in Portugal.