Real estate sector expects €1.8Bn in investments next year
After 2020 being one of the best years ever for the real estate sector, 2021 is expected to end with a 30% investment loss.
Trond Kongrød is new CEO of Inovretail
Trond Kongrød joins Inovretail after six years as SVP EMEA at StrongPoint, a company focused on e-commerce logistics, payment solutions and cost reduction for retailers.
Almost half of the RRP funds have already been contracted
Most of the contracts signed fall under the economic and social resilience pillar, which includes measures in the area of housing and infrastructure, among others.
Azores prepared to assist Canary Islands
The Cumbre Vieja volcano on the Spanish island of La Palma erupted on Sunday in the Las Manchas area, after more than a week in which thousands of earthquakes were recorded in the region.
Couples where both are unemployed grow 17.5% in August YoY
The number of couples in which both spouses are registered as unemployed was, at the end of August 2021, 6,456, or 17.5% more (960 more couples) than in the same month 2020.
Portuguese-speaking banks debate future of statistics
The 11th Statistics Meeting of the Central Banks of Portuguese-speaking Countries is a bi-annual event that should have been held in 2020 but was postponed due to the pandemic.
Portugal registers a external surplus of €256M until July
According to the country's central bank, the Portuguese economy showed a lending capacity of €256 million in the first seven months of 2021.
Portugal receives 80 refugees, bringing total to 178 so far
The refugees have been provisionally housed in reception units in Greater Lisbon, and are later to be transferred to autonomous housing across the country.
The age of mega solar power plants has arrived in Portugal
Portugal's new mega solar power plant will prevent nearly 177,000 tons of CO2 emissions per year and will be able to generate enough clean electricity to power the equivalent of 200,000 homes.
TAP and Efacec under scrutiny by the Court of Auditors
"Both processes are being monitored by the Court and, in the framework of the 2022 programming, the inclusion of specific actions on them will also be considered," an official source tells ECO.
GreenVolt enters PSI-20 this Monday with a value of €713M
Renewables company led by Manso Neto debuts this Monday on the PSI-20, two months after it joined the Lisbon stock exchange.
Montepio announces voluntary dissolution of offshore unit
Montepio has decided to dissolve and liquidate its branch in Cape Verde, which was considered offshore as it was only for non-resident clients.
Companies banned to outsourcing after collective dismissals
The government proposed the prohibition of outsourcing in situations where there is collective dismissal so that it will not be possible to hire temporary workers for the same functions for one year.
Navigator admits cutting investment in Portugal
The rise in energy costs is already making the company lose ground to its European competitors and it's also taking away "space to invest and grow" in Portugal.
Parliament approves law to limit mark-ups on fuel prices
The government's initiative was approved with CDS-PP, Chega and Iniciativa Liberal voting against and PSD abstaining.
Vehicle output up 17.5% in year to date
Almost all (97.5%) of the vehicles manufactured in Portugal are destined for the external market, mainly Europe, with Germany, France, Italy and Spain standing out.
Groundforce owes €155 million to around 3,000 creditors
At the top of the list of creditors is TAP, which is also a shareholder, as well as the airport manager ANA, the insurer Fidelidade and the workers.
Media Capital confirms Bauer interest in radio units
In a statement sent to CMVM, Media Capital issued a clarification "in view of the news reported in the press today" reporting that it planned to sell its radio business to Bauer.
Airport movements in July more than double in 12 months
National airports received 2.8 million passengers in July, more than double the passengers received in the same period in 2020.
BCP, Santander workers to strike against redundancy plans
Employees of BCP and Santander Totta are to strike on October 1 against plans for mass redundancies at the two institutions.
Suspected corruption at Sonangol ‘very serious’
Transparency International (TI) Portugal considers "very serious" the existence of evidence of Angolan money laundering involving Banco Comercial Português (BCP).
New Vila Nova de Gaia Hilton hotel cost €40M, opens Monday
The new Hilton Porto Gaia will allow more than 100 direct and indirect jobs, contributing actively to the local and regional economies, said the developers.
Crisis emphasised importance of TAP sustainability – CEO
The CEO of TAP, Christine Ourmières-Widener, pointed out some steps that have been taken in terms of sustainability in the sector, taking advantage of the moment of crisis.
Growth forecast rises to 4.7% this year due to vaccination
"In 2022, the 2019 level of wealth destroyed by the pandemic will be recovered," according to the report updating the Economic and Budgetary Outlook 2021-2025, released on Thursday.