OECD recommends that Portugal raise two types of taxes
The OECD believes Portugal should increase the environmental and property taxes once the economic recovery is underway.
Lisbon, New Delhi expect to restart EU-India talks in May
The strengthening of political and economic relations with India is among the priorities of the Portuguese presidency of the Council of the EU.
Portugal’s tourism revenue slumped 91% in February
Tourist numbers in February fell by 87 percent in what was the third worst month ever for the sector since the pandemic first emerged in the country.
Covid-19 deaths set to rise across EU; Portugal exception
According to the European Centre for Disease Prevention and Control (ECDC), the pandemic situation in the vast majority of EU countries is concerning, however, Portugal is an exception.
408 new cases and five 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 408 new cases.
YoY inflation rate stable at 0.5% in March – INE
According to INE, the year-on-year change in the Consumer Price Index (CPI) remained at 0.5% in March, the same rate as in the previous month
EDP Renováveis increases output capacity in Italy
EDPR entered the Italian wind market in 2010 and so far has an operational capacity of 271 MW in Italy, with a further 200 MW under development.
Portuguese enterprises used more AI than the EU average
In 2020, 7% of enterprises with over ten employees across the European Union (EU) had already embraced AI, with Portugal above the European average (9%).
PM insists on the urgency of parliaments ratifying fund
Portugal's prime minister on Monday insisted it is urgent to complete national procedures to get the recovery and resilience fund off the ground.
Madeira island expects full reopening in October
Miguel Albuquerque, who heads the government of Madeira, expects the full reopening of activities on the island to take place in October 2021.
PM announces €252M for sea research, blue economy
António Costa announced that the Recovery and Resilience Plan (RRP) would have €252 million dedicated to the sea sector.
António Gomes Mota is EDPR’s new Chairman
The investors also chose Stilwell de Andrade as CEO and Rui Teixeira as CFO of EDP Renováveis (EDPR).
Coronavirus case rate to breach red line after two months
Portugal's transmissibility index Rt is now over 1, both nationally (1.02) and in all health regions on the mainland, with the exception of the Alentejo (0.99).
Opinion In defence of the liberal ideal
I believe in an open society, one that is not blinded by ideological dogmas. A society with a robust market economy and an effective social welfare state.
Remittances from Switzerland surpass those from France
The growth observed in Switzerland, which has fewer Portuguese emigrants than France, comes in a year when the value of remittances to Portugal has fallen.
Covid-19 pandemic affects Galp’s oil production
The company recorded a 5% reduction in the exploration of raw material, while the refining business showed an even greater drop due to the discontinuation of refining activities in Matosinhos.
João Ferreira appointed head of Investment Banking at Citi
João Sousa Ferreira has been with Citi since 2010, having taken part in all the operations carried out by the American bank in Portugal since then.
602 new cases and nine 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 602 new cases.
Q4 2020 house prices rose 8.6% YoY in Portugal
In Portugal, between October 2020 and December 2020, residential property prices rose 8.6% compared to the fourth quarter of 2019 and 2.1% quarter-on-quarter.
Altri injects €69.95 million in Greenvolt to prepare for IPO
Greenvolt had a share capital of only 50 thousand euros until now. With this operation, the company's share capital increases to 70 million euros.
Portugal will have two Hydrogen Valleys
According to the Secretary of State for Energy, João Galamba, these clusters "lower production costs and allow for faster development of hydrogen value chains."
Hotels, restaurants reiterate that state ai is “not enough”
The Association of Hotels and Restaurants (AHRESP) believes that the support available to the sector is not enough.
663 new cases and three 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 663 new cases.
House prices jump 17.4% in first three months of 2021
A report from the national property market shows that all districts, with the exception of Viseu, have seen an increase in average prices.