PM considering windfall tax but corporate tax ‘already high’
The executive is "analysing the situation", to see if this tax "is justified", namely through a study to understand "what is the benefit that other countries that have already adopted.
State authorises €112M for work on North, Douro rail lines
In total, 99.8 million euros are planned for the electrification of the Douro line between Marco de Canaveses and Peso da Régua.
Interview Huawei Camp Portugal. ‘Perhaps will inspire new initiatives’
In the 1st edition of Huawei Summer Camp 4 Her, in Cascais, ECO spoke with the chief global impact of Huawei about the balance of the programme and the gender challenges in the sector.
No discrimination against Endesa, said PM
"The state obviously checks all invoices," said António Costa, the Portuguese PM. "There was apparently an error in understanding how the [Iberian] mechanism worked on the part of that company."
Gas pipeline to northern Europe ‘advancing well’
The Iberian Peninsula could replace "much" of the gas imported from Russia, said the Portuguese PM, António Costa.
Labour cost up 5.7% in Q2
The sharpest increases in wage costs in this second quarter of 2022 were in industry (7.4%) and construction (7.1%), while in services and public administration, there were "smaller increases of 5.1%
Energy utility EDP lost most clients in 2021
The period under review also saw the highest number of customers joining the Supplier of Last Resort (LRS) in the last five years.
German chancellor calls for gas pipeline from Portugal
Olaf Scholz had spoken with his colleagues from Portugal, Spain and France and with the president of the European Commission to push for this project.
Portugal. Sixth highest number of Monkeypox cases in Europe
The presence of the Monkeypox virus in Portugal was first detected three months ago, on May 3
Court upholds €48M fine on EDP
EDP Produção "totally disagrees" with this decision. The company will analyse "in detail" the decision taken and consider legal means to safeguard its rights.
Spanish group to invest €33M in wind farm in Leiria
The wind farm will have an installed capacity of 33 megawatts (MW), and it is planned to install six wind turbines plus a spare of 5.5 MW each.
Pilots’ union accuses TAP of wasting millions
Among the errors pointed out is the outsourcing of services to various airlines, "some based in tax havens", which, according to the union, "almost tripled" in 2022.
35,000 Brits still awaiting new post-Brexit residence cards
SEF clarifies that the provisional document issued when citizens register on the Brexit Portal, a proof in digital format with a QR code, serves as an official residence document.
Tourism sector welcomes new immigration law
The lack of labour "is one of the biggest problems facing tourism, but it is a problem that cuts across most economic activities".
Rents up 2.7% in July
In July, "all regions showed positive year-on-year changes in housing rents, with Lisbon and the Algarve registering the highest increases, according to INE.
Wine exports in H1 down 1.28% in value to €432M
"Wine exports have been falling for some months, figures that we began to predict from the moment producers registered a lack of raw materials in their production and problems in their distribution."
Port of Sines studies renewable gas terminal
Improving the conditions of the jetty" to receive renewable gases such as Liquefied Natural Gas (LNG) or hydrogen and green ammonia are part of the Activities Plan of that port infrastructure.
Fewer flights over mainland, Madeira in July
According to NAV data, until July the company controlled 338,237 flights in the Lisbon RIV and 90,226 in the Santa Maria RIV.
Exports grew 31.2% imports 37.7% in Q2 YoY
According to international trade data released by the INE, in the second quarter of this year, exports and imports grew by 31.2 percent and 37.7 percent, compared to the same period in 2021.
Azores airports with more passengers in July than pre-Covid
The number of passengers who arrived via air in July in the Azores is the highest in the last five years.
Polish retailer Pepco to open Lisbon, Porto, Algarve shops
The retail brand will look for potential retail spaces in Porto, Lisbon and the Algarve. The company has started recruiting for the team that will be responsible for the brand's expansion.
Distributors call for ‘common sense in energy saving plan
At a time when the government is preparing an energy saving and water efficiency plan, APED believes that there should be balance and common sense in its preparation.
Union calls for windfall tax on gigantic profits
"Actions to halt the loss of purchasing power and the degradation of working and living conditions are urgent," urges the Portuguese general confederation of workers union (CGTP).