Lone Star refuses to disclose Novo Banco sale
Nani Holdings refused to publicly disclose the sale contracts and contingent capitalisation of the bank.
Textile and clothing exports soared 82.2% in April
The Textile and Clothing Association of Portugal (ATP) said that "April brought a new glow" to the sector's exports.
California proclaims June as Portugal month
Currently, there are about 350,000 Portuguese or citizens of Portuguese origin living in California.
Hacker Rui Pinto and Sócrates tried by the same judge
Judge Margarida Alves will be the president of the panel that will judge José Sócrates in the separate case of Operation Marquês.
Economy slows down again in the first week of June
At the beginning of June, Portugal was already moving ahead with the deconfinement, but the economy has not kept up with the pace.
Brussels approves Portugal’s RRP on June 16
Portugal was the first EU country to hand over its Recovery Plan to the European Commission, on April 22
What impact will Euro 2020 have on the Portuguese economy?
Daniel Sá, from IPAM, explains to ECO that the high uncertainty caused by the pandemic prevents reliable estimates.
Passengers can now enter Portugal with a negative rapid test
Until now, Portugal only allowed passengers with a negative PCR test result to enter the country.
ECB sees Eurozone growing by 4.6% this year and 4.7% in 2022
Lagarde said the central bank is "more optimistic" about the eurozone economy. Still, she stressed that it will keep a "firm hand" on stimulus policy to avoid holding back the recovery.
Exports, imports of goods soar by 82.4%, 60.4% in April YoY
According to Statistics Portugal (INE), Portugal's exports of goods and imports increased in April by 82.4% and 60.4% year-on-year.
BCP moves ahead with staff reduction plan
Bank has announced to workers a programme of early retirement and mutual agreement terminations that starts next week and will go until mid-August.
Portugal raises €1 billion with lower interest rates
IGCP raised one billion euros, the maximum amount intended, in a financing operation in which costs were lower than those of comparable issues.
Novo Banco and Apax settle dispute over sale of GNB Vida
The chairman of Novo Banco's General Council, Byron Haynes, has denied the existence of a dispute with Apax, the buyer of GNB Vida, regarding a disagreement over the sale of the insurer.
Saúde Viável becomes Insparya and has Ronaldo as shareholder
The Saúde Viável Group has announced a new corporate identity, branded Insparya, and the entrance of Cristiano Ronaldo into the company's capital.
Queiroz Pereira family to ask CMVM to investigate Maxyield
Queiroz Pereira family, BCP and Caixa BI accuse Maxyield of giving "false information" in Semapa's takeover bid.
Relationship between BES, BESA raised questions – Ulrich
Fernando Ulrich questioned in parliament why BES had almost €3 billion in loans in BES Angola.
Economy expected to grow between 14.5% – 15.5% Q2 YoY
According to the Lisbon school of economics and management's (ISEG), the Portuguese economy is expected to grow between 14.5% and 15.5% in the second quarter.
Interview “Montepio mutualist does not need public funds”
The Montepio mutual association had losses of €18 million in 2020, but Virgílio Lima guarantees that it does not need public funds. In an interview with ECO, he contests PwC.
Galp with record renewables investment in Spain
With Andy Brown's appointment, Galp is accelerating the launch of a new strategic plan for decarbonisation and will make the largest investment in the company's history in Spain.
Over 6M Covid-19 vaccine doses administered in Portugal
"The country is getting closer to reaching the defined goal of having 70% of the population vaccinated with at least one dose by the month of August," says the Ministry of Health.
Navigator to raise paper prices in North America
Navigator will increase the price of paper by between 8-10% in North America starting from July 1.
IGCP to issue another billion in long-term debt
The Portuguese Treasury and Debt Management Agency (IGCP) will issue between €750 million and €1 billion in six and ten-year maturities.
Trial of former BES chief postponed
The trial of the former banker for crimes of abuse of trust, in a separate case from Operation Marquês, was already expected to be postponed due to the deadline to present the defence.