Lone Star refuses to disclose Novo Banco sale

Lusa,

Nani Holdings refused to publicly disclose the sale contracts and contingent capitalisation of the bank.



California proclaims June as Portugal month

Lusa,

Currently, there are about 350,000 Portuguese or citizens of Portuguese origin living in California.



Economy slows down again in the first week of June

ECO News,

At the beginning of June, Portugal was already moving ahead with the deconfinement, but the economy has not kept up with the pace.





ECB sees Eurozone growing by 4.6% this year and 4.7% in 2022

ECO News,

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.



BCP moves ahead with staff reduction plan

ECO News,

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

ECO News,

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

ECO News,

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.





Economy expected to grow between 14.5% – 15.5% Q2 YoY

Lusa,

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”

ECO News,

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

ECO News,

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

Lusa,

"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.



IGCP to issue another billion in long-term debt

ECO News,

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

ECO News, Lusa,

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.