EU assistance saved Portugal 5.3% of GDP in interest
The European Stability Mechanism (ESM) estimates that Portugal saved in debt interest the equivalent of 5.3% of GDP between 2011 and 2019.
Leão, Costa created a ‘very strong’ recovery plan – Donohoe
"I am really confident in the capacity of the Portuguese economy to recover," Paschal Donohoe said after a meeting of the European Stability Mechanism (ESM) Board of Governors.
Portugal is the fourth most peaceful country in the world
Despite leaving the podium, Portugal continues to be one of the most peaceful countries in the world.
Portugal up one place in IMD World Competitiveness Ranking
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
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.
EDP is the most valuable Portuguese brand in 2021
The top 25 most valuable Portuguese brands are led by EDP. It is followed by Galp Energia and Jerónimo Martins.
CTT buys NewSpring Services for €7 million
The Portuguese company paid €7 million for NewSpring Services and the holding company HCCM - Outsourcing Investment.
Country’s 0.5% annual inflation third-lowest in euro zone
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.
Portugal only receives RRP funds if it meets EU objectives
In Portugal's RRP, the government is committed to achieving 341 goals and objectives, with 32 reforms and 83 investments.
Portugal will not ‘be carpeted’ with solar panels
The Secretary of State, João Galamba, has denied in Parliament that the country will be "carpeted" with solar panels.
Swissport in Lisbon to acquire Groundforce
Shareholder Alfredo Casimiro has not yet given up on selling his stake in the handling company, which he is currently negotiating with Swissport.
1,350 new cases and six deaths by Covid-19 in Portugal
Since the start of the pandemic, Portugal has had 860,395 cases and 17,055 deaths from Covid-19.
Recovery will be more solid with stability of labour laws
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
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.
PwC plans to hire 500 employees in Portugal by 2022
The recruitment process is part of the consultancy's global plan to hire 100,000 people over the next five years.
Macau government closes Lisbon tourist office
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
The national economy will grow close to 5%, says the Bank of Portugal (BoP). The labour market will also improve slightly.
Passengers from Nepal must quarantine on arrival
On arrival in mainland Portugal, a 14-day quarantine will be imposed on citizens from Nepal.
Emigrant remittances fall for first time in ten years
Due to the Covid-19 pandemic, remittances from Portuguese emigrants fell 1.3% in 2020 compared to the previous year.
Yield on treasury bill sale higher, €1.25B auctioned
According to the Treasury and Public Debt Management Agency (IGCP), Portugal on Wednesday auctioned €1.25 billion in three and 11-month Treasury Bills.
Mota-Engil reduces board. Family shares power with CCCC
Mota-Engil shareholders will approve the new board on June 30, reduced to 14 members, with power shared between the Mota family and the CCCC group.
Autoeuropa with production falling by 70,000 vehicles
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
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.