New EU investment package with two Portuguese companies

ECO News,

The European Union is investing €118 million into 32 small innovative projects located in 14 EU member states, Iceland and Norway.



Goods exports in Q2 up 49% YoY, imports up 46% – INE

Lusa,

According to Statistics Portugal (INE), exports and imports of goods in the second quarter of 2021 were up by 49.1% and 46.3% on the same period a year earlier.



EU starts infringement proceedings against Portugal

Lusa,

In a statement, the EU executive announced that it has opened "infringement proceedings against 12 member states for failure to transpose EU rules prohibiting unfair commercial practices."


Exam disagrees with Galp’s removal and will appeal

ECO News, Lusa,

"Exem does not agree with the decision of the panel of three arbitrators who decided that only the allegations presented by Sonangol were sufficient," said the company through a statement.



Ground handling unions cancel strike

Lusa,

Last week, the ministry had that TAP would pay directly to Groundforce workers the amounts corresponding to holiday pay and overdue bonuses.


Sonangol recognised as sole owner of investment in Galp

Lusa,

The sentence was made public on Monday, according to which the court ruled in favour of the Angolan oil company that it will be reinstated as sole shareholder (100%) of Esperaza Holding BV.


BCP will save €35M p.a. with restructuring plan in place

Lusa,

At the presentation of results, Miguel Maya said that the restructuring plan has a cost of around 90 million euros this year but will lead in future to annual savings of 35 million euros.


BCP profit sinks 80% to €12 million

ECO News,

The Portuguese bank set aside €214 million for legal risk on CHF loans in Poland and recorded restructuring costs of around €87 million, which penalised BCP's results in the first half.



Dutch startup Mollie opens hub in Lisbon

ECO News,

The announcement of the hub's opening in Portugal comes after the company raised €665 million in the Series C round.



Madeira to keep curfew even if it is revoked at mainland

Lusa,

"I am not ending any curfew. We are in a state of calamity and we will keep the schedules because we are in the middle of a pandemic," said the president of the regional government.



President to meet current, former presidents of Brazil

Lusa,

These meetings were disclosed this Monday through a note on the official website of the Presidency of the Republic on Marcelo Rebelo de Sousa's trip to Brazil next weekend.


Cruise ships can keep disembarking passengers until August 8

Lusa,

The order, which takes effect from 12 am today and is in force until 11 pm on August 8, extends the government's authorisation in May, which followed several months of prohibition due to the pandemic.


EU starts proceedings against Portugal for copyright delays

Lusa,

The EU executive began infringement proceedings against Portugal for failing to communicate to it how they have transposed EU legislation aimed at modernising copyright rules.




Galp Energia loses three members of the Board of Directors

ECO News,

Galp's Board of Directors, which changed its CEO at the beginning of the year, has now lost three managers: Sofia Tenreiro, Susana Quintana-Plaza and Carlos Silva.