Generali closes deal to acquire Tranquilidade for 600M€

ECO News,

Generali has beaten Catalana Occidente on the race for Seguradoras Unidas, purchasing it for 510M€ from Apollo. The deal also includes the acquisition of AdvanceCare for 90M€.

External deficit hits the worst record since 2011

ECO News,

The external deficit reached 2.614M€ in May, which sets both the current and capital balances in their worst record since 2011. Data was revealed by the Bank of Portugal this Wednesday.

Greece: the mysterious “112” that costed 770M€ to PT banks

ECO News,

There are many kinds of debtors in the Portuguese banking system, but Greece is, without a doubt, the largest. It is the so-called "client 112" according to the recently published BdP debtors' list.

Nova SBE opens campus to corporate innovation

ECO News,

Nova SBE created a new department to open the University to the world. Pedro Brito, the co-founder of Jason Associates and Mercer's country business leader, is the one leading the project.

Fidelidade closes deal with major Chinese Insurer

ECO News,

Fidelidade has signed an agreement with China Reinsurance, China's major insurer, to implement reinsurance solutions over Chinese investments in Portugal, Spain, Angola, among others.

EDP says it can’t close Sines central before 2030

ECO News,

The responsible for the Sustainability Department of EDP, António Martins da Costa, has reassured this Monday that Sines' thermoelectric plant will be closed until the year of 2030.

Government’s official journal to have an English version

ECO News,

The non-Portuguese reading public can now consult the latest diplomas approved by the government as well as a guide for investors, assisting them with their queries about investing in the country.

IMF: GDP and Investment decelerating

ECO News,

The International Monetary Fund sees the Portuguese growth on a descending route. From the 2.1% registered last year, the economy should cool down to 1.5% in terms of GDP performance by 2020.

Sonaecom sells WeDo for almost 86M euros

ECO News,

Sonaecom will sell WeDo Consulting. Almost two decades after, the company led by Rui Paiva reached an agreement to be acquired and merged with Mobelium for an amount close to $100M.

Portugal Ventures triples 2018’s investment

ECO News,

Portugal Ventures, the public agency for risk and capital management currently managing over 200M€ in investments, invested 9M€ in 14 startups in the first semester of the year.

Portugal to have the only pure linen spinning unit of Europe

ECO News,

The industrial process of pure linen spinning has only been covered by Asian companies, but not for long. Polopique is investing in a unit of this kind in Portugal, only ready to work next year.

A Nation without deficit in a State with minimum services

ECO News,

ECO decided to hear about what a political scientist, a demographer and two economists have to say as the broader picture presents a state that fails in providing good-quality public services.

Tourism sector lacks professionals

ECO News,

In the tourism sector, the demand for new workers, especially in hospitality, increased in North of Portugal in comparison to Greater Lisbon and Algarve.

Opinion USA-China trade war: its macroeconomic impact in Portugal

José M. Lúcio,

When looking into this complex issue of what is usually called “trade wars”, one must consider the fact that international disagreements over trade barriers or partnerships usually hide problems.

Portugal to issue 10Y-26Y bonds

ECO News,

The Portuguese treasury and debt management agency (IGCP) has announced a double auction for 10Y and 26Y government bonds that will take place next Wednesday.