Unemployment rate jumps to 7.2% in January

ECO News,

In the first month of the year, the unemployment rate rose to 7.2%, according to data released this Wednesday by the National Statistics Institute (INE).



EDPR goes ahead with a €1.5 billion capital increase

ECO News,

New shares in EDP can only be subscribed to by institutional investors. Banks are already advancing with the operation that should be concluded on March 5.


New airport in Portugal back on the table

Lusa,

The government will move forward with a Strategic Environmental Assessment process of three solutions for boosting airport capacity in Lisbon.



Auditor finds 47 irregularities in 2019 EU campaign accounts

Lusa,

ECFP identified around 47 irregularities in the accounts of the 14 parties and two coalitions that took part in the 2019 elections for the European Parliament in Portugal.



Covid-19 deaths in Portugal at October levels

Lusa,

The number of deaths reported by the Directorate-General of Health (DGS) is similar to those recorded in late October, with 33 reported on the 29th of that month.


Mota-Engil wins €150M contract to build motorway in Poland

ECO News,

The company reveals that this contract "corresponds to the design and build of the motorway S19 between the 'Lubartów Północ' junction and the 'Lublin Rudnik' junction, in a total of 23 km."




TAP imposes 12-month layoff starting Monday

Lusa,

The Portuguese flag carrier is to start a lay-off process from this Monday, which will reduce normal working hours or the suspension of contracts for 12 months.



Southern neighbourhood partnership “relevant for Portugal”

Lusa,

Speaking to journalists, Portugal's prime minister, António Costa, stated that a "partnership with the southern neighbourhood countries" is "particularly relevant for Portugal".


INE: Portugal’s GDP contracted by 7.6% in 2020

ECO News,

The Portuguese economy contracted by 7.6% in 2020 due to the pandemic crisis, INE has confirmed. However, in the fourth quarter, GDP grew by less than previously estimated.


Opinion Thoughts On A New “Iberolux” Union

Paul Manuel,

Given the improved Portuguese–Spanish bilateral relationship over the past decade, many have wondered if such a Iberolux sort of union is now possible.




BCP registers a net profit of €183M in 2020

ECO News,

The bank led by Miguel Maya saw net profit fall 39% to 183 million euros, in line with analysts' expectations.


Centre region has great Industrial Tourism potential

Lusa,

Portugal's secretary of state for tourism believes that the centre of the country has great Industrial Tourism potential in sectors such as glass, ceramics, woollen goods and mining.




EDPR is considering a 1.5 billion euros capital increase

ECO News,

The operation will be carried out with institutional investors, and there is still no date for the capital increase. The proceeds will be used to finance the company's CAPEX.