New debt issued by Portugal in 2019 cost only 1.1%
The direct State debt amounted to 251,012 million euros at the end of 2019, 2% more than the previous year. However, the interest on these bonds has sunk.
Interview “We need partners for the offshore” – Antonio Mexia
EDP and Engie have joined forces to invest in offshore wind energy, a market that will experience strong growth. The joint venture will allow the necessary scale to attack new projects.
Nights spent in tourist accommodation increase 3.4% in 2019
The number of nights spent in tourist establishments in Portugal in 2019, was above the EU of 2.4%.
Special The impact of Luanda Leaks in Portugal
ECO gathered all the events that took place this week in Portugal and are linked to the Luanda Leaks case. Companies like EuroBic and Nos are some of the companies affected by the scandal.
EuroBic private banking chief foud dead
Nuno Ribeiro da Cunha, director of EuroBic private banking and account manager at Sonangol, was found dead at his home.
PM will collaborate in investigations into Luanda Leaks
António Costa said that Portugal has a responsibility to "collaborate fully" with investigations by the Angolan authorities.
Portugal is not planning a new early repayment to Europe
After the first debt payment before the deadline in 2019, the IGCP is not planning further repayments in 2020. It is, however, available for adjustment.
Country prepared for the new emissions trading directive
The new legislation would set rules for the period 2021-2030 and seeks to strengthen the cost-effectiveness of emission reductions and investment in low-carbon technologies.
Luanda Leaks to have domino effect
According to the head of Transparency International (TI), the investigation is likely to have a domino effect that could lead to explosive revelations about business dealings in other countries.
EDP repurchases 680 million in debt
The company led by António Mexia wanted to buy back up to 750 million euros in debt with maturity in 2075.
Portugal’s public debt is the third largest in the EU
According to Eurostat, Portugal is the third country in the European Union where the debt weighs most heavily on GDP. At the top is Greece, followed by Italy.
Banking supervisor ‘will act’ in wake of ‘Luanda Leaks’
Supervisor asked for information on the bank's performance in preventing money laundering.
Portugal to host EU ‘Friends of Cohesion’ summit
A summit that aims to strengthen the position of member states against cuts in this policy in the next EU multiannual budget.
Minister rejects Portugal as China’s “special friend”
In a statement to the Financial Times, the Portuguese foreign minister speaks of a "meaningless myth" about Portugal's dependence on Chinese investment.
Government wants to end tax exemption for foreign pensioners
Under study is the implementation of two levels of taxation according to the pension income received by foreign pensioners.
Sines port aims for ‘double digit growth’ in containers
The port of Sines is expected to reach double-digit growth in containerised cargo in 2020.
Portugal beats target of one billion in investment projects
Last year, Portugal managed to obtain 80 new investment projects from 15 different countries.
Foreign investment at high in 2019
The Minister of Economy said that the foreign investment contracts captured by the Portuguese agency for foreign trade and investment (AICEP) reached "a new high" in 2019.
Police, public prosecutors search Portuguese banks
The criminal investigation police (PJ) and the public prosecutor's office started 15 searches of banking institutions and company headquarters.
House prices in Portugal with the 4th highest rise in Europe
House prices rose 10.3% in Portugal in the third quarter of last year. Only Latvia, Slovakia and Luxembourg recorded higher increases in Europe.
‘Gold’ residence visa scheme for foreigners raises €742M
During last year 1,245 'gold' visas were granted, of which 1,160 Residence Authorisations for Investment Activity (ARI) raising €660.7 million were granted.
Tourism increases in November. Revenues are growing
Tourism increased in November, driven by residents. In 2019, total income increased by 7.2%, higher growth than in 2018.
Number of foreign residents tops 500,000 for first time
The Portuguese minister of internal administration announced that the number of foreign nationals living in Portugal exceeded 500,000 in 2019.