EU assistance saved Portugal 5.3% of GDP in interest

ECO News,

The European Stability Mechanism (ESM) estimates that Portugal saved in debt interest the equivalent of 5.3% of GDP between 2011 and 2019.




Portugal up one place in IMD World Competitiveness Ranking

Lusa,

The country has risen one place to 36th in the latest World Competitiveness Ranking, while performing worse on two key indicators: economic performance and governance efficiency.


Interval between AstraZeneca doses cut to 8 weeks

Lusa,

DGS's latest guidelines advise that the interval between the first and second doses of the AstraZeneca vaccine against Covid-19 should be reduced to eight weeks.




Country’s 0.5% annual inflation third-lowest in euro zone

Lusa,

In May, the annual inflation rate was 2% in the euro zone, above the European Central Bank's target. Portugal's was the third-lowest in the region, according to Eurostat.




Swissport in Lisbon to acquire Groundforce

ECO News,

Shareholder Alfredo Casimiro has not yet given up on selling his stake in the handling company, which he is currently negotiating with Swissport.



Recovery will be more solid with stability of labour laws

Lusa,

Speaking at the presentation of the June Economic Bulletin, Mário Centeno said that the recovery of the Portuguese economy will be more solid if it is based on the stability of labour legislation.


European Commission gives “green light” to Portugal’s RRP

ECO News,

Portugal was the first country to conclude its Recovery and Resilience Plan (RRP), a process that began in October 2020. At stake is €16.6 billion of total funding.



Macau government closes Lisbon tourist office

Lusa,

The Macau government has closed the Macau Centre for Tourism Promotion, and Information in Lisbon due to the "rationalisation of staff and administrative simplification."


Bank of Portugal sees GDP growing 4.8% this year

ECO News,

The national economy will grow close to 5%, says the Bank of Portugal (BoP). The labour market will also improve slightly.




Yield on treasury bill sale higher, €1.25B auctioned

Lusa,

According to the Treasury and Public Debt Management Agency (IGCP), Portugal on Wednesday auctioned €1.25 billion in three and 11-month Treasury Bills.



Autoeuropa with production falling by 70,000 vehicles

ECO News, Lusa,

Since the beginning of 2021, 57 work shifts have already been cancelled due to semiconductor shortages and school closures in January, which amounts to around 17,340 lost cars.


TAP reduces collective dismissal list to 187 workers

ECO News,

Workers identified as potential targets for collective dismissal can still join voluntary measures. In the last two weeks, this has been the case for almost two dozen people, as ECO knows.