Lisbon, New Delhi expect to restart EU-India talks in May

Lusa,

The strengthening of political and economic relations with India is among the priorities of the Portuguese presidency of the Council of the EU.


Portugal’s tourism revenue slumped 91% in February

ECO News,

Tourist numbers in February fell by 87 percent in what was the third worst month ever for the sector since the pandemic first emerged in the country.


Covid-19 deaths set to rise across EU; Portugal exception

Lusa,

According to the European Centre for Disease Prevention and Control (ECDC), the pandemic situation in the vast majority of EU countries is concerning, however, Portugal is an exception.



YoY inflation rate stable at 0.5% in March – INE

Lusa,

According to INE, the year-on-year change in the Consumer Price Index (CPI) remained at 0.5% in March, the same rate as in the previous month


EDP Renováveis increases output capacity in Italy

Lusa,

EDPR entered the Italian wind market in 2010 and so far has an operational capacity of 271 MW in Italy, with a further 200 MW under development.


Portuguese enterprises used more AI than the EU average

ECO News,

In 2020, 7% of enterprises with over ten employees across the European Union (EU) had already embraced AI, with Portugal above the European average (9%).


PM insists on the urgency of parliaments ratifying fund

Lusa,

Portugal's prime minister on Monday insisted it is urgent to complete national procedures to get the recovery and resilience fund off the ground.


Madeira island expects full reopening in October

Lusa,

Miguel Albuquerque, who heads the government of Madeira, expects the full reopening of activities on the island to take place in October 2021.




Coronavirus case rate to breach red line after two months

Lusa,

Portugal's transmissibility index Rt is now over 1, both nationally (1.02) and in all health regions on the mainland, with the exception of the Alentejo (0.99).


Opinion In defence of the liberal ideal

Teresa Roque,

I believe in an open society, one that is not blinded by ideological dogmas. A society with a robust market economy and an effective social welfare state.


Remittances from Switzerland surpass those from France

ECO News,

The growth observed in Switzerland, which has fewer Portuguese emigrants than France, comes in a year when the value of remittances to Portugal has fallen.


Covid-19 pandemic affects Galp’s oil production

ECO News,

The company recorded a 5% reduction in the exploration of raw material, while the refining business showed an even greater drop due to the discontinuation of refining activities in Matosinhos.


João Ferreira appointed head of Investment Banking at Citi

ECO News,

João Sousa Ferreira has been with Citi since 2010, having taken part in all the operations carried out by the American bank in Portugal since then.



Q4 2020 house prices rose 8.6% YoY in Portugal

Lusa,

In Portugal, between October 2020 and December 2020, residential property prices rose 8.6% compared to the fourth quarter of 2019 and 2.1% quarter-on-quarter.



Portugal will have two Hydrogen Valleys

ECO News,

According to the Secretary of State for Energy, João Galamba, these clusters "lower production costs and allow for faster development of hydrogen value chains."