The big numbers of Stilwell’s first big deal ahead of EDP

ECO News,

The acquisition will allow the Portuguese company to double its presence in Spain, but still needs regulatory approval. Get to know the details of Stilwell's first big deal ahead of EDP.


There are 339 new cases of coronavirus in Portugal

ECO News,

The number of cases of coronavirus infections in the country has increased to 47,765. Since the outbreak was detected in the country, 1,679 people have died.





Nine more investigations are coming out of BES “super” case

ECO News,

Salgado's indictment extracted nine certificates in order to make some investigations autonomous of this mega case, whose indictment is 4,117 pages long and involves 25 defendants.



There are 375 new cases of coronavirus in Portugal

ECO News,

The number of cases of coronavirus infections in the country has increased to 47,426. Since the outbreak was detected in the country, 1,676 people have died.


Tourism practically stopped in May – INE

Lusa,

After the complicated month of April, marked by confinement, the month of deconfinement was not much better for tourism. INE reveals that tourism activity was "practically stopped" in May.


No scientific basis for UK air restrictions – Siza Vieira

Lusa,

The United Kingdom is the main market for tourists to Portugal, accounting for 19.2% of overnight stays by foreigners in 2019 and has recorded successive growth since 2013.



First capital injection in TAP arrives next week

ECO News,

This first tranche of the state injection will enable TAP to deal with the payment of wages to workers and commitments to suppliers.


Former BES boss charged on 65 counts

Lusa,

Ricardo Salgado, Former BES boss, has been charged on 65 counts of crimes including criminal association, bribery, embezzlement, money laundering and tax fraud.


Anti-trust authority wants to end telecom loyalty

Lusa,

The president of the Competition Authority in Portugal said that the end of loyalty periods must be considered.


Lisbon rejects mandatory tests for inbound passengers

Lusa,

Lisbon City Council rejected a motion calling for mandatory testing of passengers arriving in Portugal via air or sea borders because of the pandemic.


There’s already a new date for the 5G auction

ECO News,

After the process was suspended because of Covid-19, Anacom now intends to start the auction of frequencies for 5G in October and conclude it in December.



Navigator expects 22.7 million return after legal victory

ECO News,

The Portuguese papermaker won a dispute with the US paper sales tax. A drop from 37.34% to 1.63% gives the right to return the difference.


Mergers and acquisitions fall 23% in the first semester

ECO News,

Brisa's business contradicted the trend in the M&A market in Portugal, which registered a 23% drop in the volume of transactions in the first half due to the pandemic.




There are 443 new cases of coronavirus in Portugal

ECO News,

The number of cases of coronavirus infections in the country has increased to 44,859. Since the outbreak was detected in the country, 1,631 people have died.


Portugal’s house prices rose 10% in Q1

ECO News,

House prices rose 5% in the Eurozone in the first quarter, but in Portugal, the increase was a little more than double.