Corticeira Amorim approves dividend of 8.5 cents per share

ECO News, Lusa,

Corticeira Amorim approved this Friday the company's interim non-consolidated balance sheet and the distribution of a gross dividend of €0.085 per share, totalling €11.305 million.


Court of Appeal confirms Montepio sentence

Lusa,

The Court of Appeal upheld the ruling of the Competition Court that partially upheld the appeals of Montepio and former directors.


“There’s no point in having a new airport” without TAP

ECO News,

"I really think that TAP is probably one of the most critical companies for our collective future. But there is also no point in having a significant new airport without TAP," said Siza Vieira.


Lisbon mayor cancels New Year concerts

Lusa,

Carlos Moedas' stance comes a day after the mayor of Porto, Rui Moreira (Independent), cancelled the end-of-year festivities in the northern city due to the pandemic.


Energy leads recovery applications with 11 projects, €4.22B

Lusa,

With 11 projects and a total investment of €4.221 billion, the country's energy, hydrogen and lithium sector leads the applications for the Green and Mobilising Agendas.



VW plant expects to produce 53,000 fewer cars in 2022

Lusa,

In an internal statement dated November 30, the Autoeuropa Workers' Committee said that the drop in production is due to the crisis in the supply of semiconductors.



Productivity growth main economic risk in long term

Lusa,

According to the country's Public Finance Council (CFP), productivity growth in Portugal is the main macroeconomic risk in the long term


Microsoft appoints Ortolá as General Manager for Portugal

ECO News,

The changes come after five years of Paula Panarra's leadership at Microsoft Portugal.


OECD warns against rapid increase in Portugal’s minimum wage

Lusa,

"The government should also avoid increasing firing costs abruptly, which would discourage job creation, and increasing the legal minimum wage rapidly," reads the OECD's latest Economic Outlook.


Decision to reprivatise Efacec to be taken by year’s end

ECO News,

Despite the delay in Efacec's reprivatisation process and the difficulties the company is going through, the Minister for the Economy expects to decide the company's destiny still this year.


Public debt fell by €310 million in October

ECO News,

The country's public debt, in Maastricht terms, fell by €310 million in October to a total of €271.2 billion.


Portugal has over 130 hydrogen projects in motion

ECO News,

Projects range from the production of clean hydrogen to its use in industry, mobility, energy and buildings.


Portuguese companies in the Angolan Market are optimistic

Lusa,

A source from AICEP told Lusa that Portuguese companies are resisting the crisis and reinventing themselves in the Angolan market.



Galp chooses Sines to build lithium refinery

ECO News,

The Sines complex is, after all, the location chosen by Portuguese oil company Galp and British mining company Savannah Resources to "implement a sustainable lithium processing refinery in Portugal".




INE confirms GDP growth as 2.9% QoQ, 4.2% YoY

Lusa,

The Statistics Portugal (INE) confirmed in its Quarterly National Accounts that the country's gross domestic product swelled 2.9% in the third quarter.


Novobanco concludes sale of Spain operation to Abanca

Lusa,

Novobanco had announced on April 5 that it had signed an agreement with Abanca to sell its retail, private banking and SME operations in Spain, including 10 branches and their staff.


Portugal’s unemployment rate remains at 6.4% in October

ECO News,

Statistics Portugal (INE) reported on Tuesday that the country's unemployment rate stood at 6.4% in October, the same as the previous month, but 1.2 p.p. less than a year ago.