Exports increased in February, before the virus hit Europe
Exports of goods grew 0.9% in February, before the pandemic hit Europe hard. The Statistics Portugal (INE) warns that a significant change is expected in the coming months.
There are 13,956 infected with Covid-19 in Portugal
The number of confirmed cases of Covid-19 in Portugal rises to 13,956. It's 815 more cases than yesterday.
State is considering early retirement without penalty at TAP
The Portuguese Government is preparing an aid package for TAP that could include early retirement without any penalty for workers.
House arrest for Football, Luanda Leaks creator Rui Pinto
Rui Pinto, who had been in pre-trial detention since March 22nd 2019, was placed under house arrest on Wednesday.
IGCP wants to issue up to 1,250 million in short-term debt
The agency that manages the Portuguese debt will go to the market to place Treasury bills with a maturity of three and 11 months.
Portugal’s foreigner holding centre closed until April 30th
The minister of internal administration announced that the foreigners and border agency Temporary Installation Centre at Lisbon airport will be closed until April 30th.
Cases of Covid-19 rise to 13,141. Death toll at 380
The number of confirmed cases of Covid-19 in Portugal rises to 13,141. Also, 196 people have already recovered from the disease.
House prices in Portugal double eurozone
In the fourth quarter of 2019, the year-on-year price of housing in Portugal registered an increase of 8.9%.
“The probability that banks will have losses is high”
APB warns that there is a high probability of losses this year, due to the Pandemic.
Airbnb: Porto and Lisbon with losses of 5.5 million euros
In March, Lisbon lost 29% of its turnover (4.7 million) and Porto 15% (800 thousand euros). In total, these two cities lost 5.5 million euros. This scenario could get worse in April.
Galp Energia cuts investment by 500 million per year
The Portuguese company produced more oil in the first three months of the year, when prices sank. With the crisis, the company is cutting costs.
Green Bonds: EDP pays 1.72% interest to issue 750 million
The initial spread of the operation pointed to a higher interest rate, but strong demand led to the value being revised downwards.
“Maintain effort to be free in May,” Marcelo says
Portugal's President believes that people will have to maintain confinement in April to take steps towards freedom in May.
EDP increases green bond issuance to 750 million
EDP has revised upwards the value of the green bond issue: it intends to finance 750 million euros. Demand already exceeds 5.5 billion.
Algarve hotels occupancy rates ‘lowest ever’ in March
The Association of Hotels and Tourist Developments in the Algarve (AHETA) said that the overall average occupancy rate per room was 28.6%, or 45.8% below the figure for 2019.
Portugal has 12,442 cases of Covid-19. Death toll at 345
The number of confirmed cases of Covid-19 in Portugal rises to 12,442, while the number of coronavirus deaths has risen to 345.
From 4% to 20%. How big will the recession be in Portugal?
The uncertainty remains high, but economists are already beginning to count the economic cost of the pandemic. Most point to the biggest recession of Portuguese democracy.
Sonae’s management salaries increase 10%
The Portuguese company has increased the expenses with remunerations. Cláudia Azevedo, the new CEO, earned just over 812 thousand euros.
Opinion Chinese economic relations with Portugal (part I)
One of the most targeted countries by Chinese economic diplomacy in the European Union was Portugal, particularly during the Euro area crisis in the years 2011-2015 and in the aftermath.
Jerónimo Martins will pay a bonus of 500 euros to employees
The bonus will increase 5% compared to last year. The value is the same in Portugal, Poland and Colombia.
5G auction in Portugal postponed
In Portugal, the National Communications Authority said that the three operators requested the suspension of the auction of the bands 700 MHz, 900 MHz, 1.8 GHz, 2.1 GHz and 3.6 GHz.
UniCredit predicts a 15% drop in Portugal’s GDP
"The mother of all recessions has arrived." It is with this phrase that the Italian bank introduces the new forecasts for this year. Portuguese GDP will fall 15% in 2020, but recover 10% in 2021.
Foreigners spent 744 million on houses in central Lisbon
Foreigners invested even more in Lisbon's real estate in 2019, in a total investment of 744.3 million euros.