Portuguese companies fear recession
Portuguese organisations are concerned about a possible global recession, even more than the financial impact of the pandemic on business. Most see the outbreak ending at the end of this quarter.
Santander Portugal to pay suppliers promptly
The Bank joins two others, BCP and the Novo Banco, which decided to anticipate payments to strengthen the liquidity of the companies with which they work.
Non-performing loans fall €4.5B in Q4 of 2019 – central bank
According to the Bank of Portugal, between October and December there was a decrease of €4.5 billion in non-performing loans.
Covid-19 kills 209, more than 9,000 extra infections
By midnight, the number of confirmed cases of Covid-19 in Portugal had risen to 9,034, while the number of coronavirus deaths had risen to 209.
Parliament approves renewal of State of Emergency
MEPs approved this Thursday the 15-day extension of the State of Emergency proposed by Portugal's President and supported by the Government.
Portugal with 4th largest fall in industrial producer prices
According to the Eurostat, the largest year-on-year falls were recorded in Denmark (-5.7%), Estonia (-4.7%), Italy (-3.8%) and Portugal (-3.7%).
Portugal attracts “record demand” for seven-year debt
The IGCP closed a seven-year syndicated bond sale on Wednesday. It issued 5 billion in an operation with six times the demand.
Opinion Covid-19 and the challenges to the Portuguese economy
Portugal risks a heavy toll on its economy but has shown resilience in the past.
Portugal’s President wants to extend the State of Emergency
The President of Portugal has already signed the draft decree to extend the State of Emergency. This Thursday, the Assembly of the Republic must approve the extension.
About 85% of real estate agencies are closed down
According to a survey released on Wednesday, near 85% of real estate firms in Portugal have either stalled or reduced activity due to the coronavirus pandemic.
BCP anticipates payments to suppliers
BCP will stop paying suppliers within a 30-day period, instead it will pay weekly. The bank assumes to be "aware of the difficulties" that many companies are experiencing.
Public indebtedness in February €255B – Bank of Portugal
According to the Bank of Portugal, the country's public indebtedness in February stood at 255.369 billion euros.
Coronavirus kills 187. There are 8,200 infected in Portugal
The number of confirmed cases of Covid-19 in Portugal rose to 8,251, while the number of deaths rose to 187 by midnight.
Key points from Portugal’s State Budget 2020
The Portuguese State Budget comes into force on Wednesday with some measures and legislative changes.
IGCP authorised to issue up to 89 billion euros in debt
The resolution authorising the IGCP to issue public debt was approved this Wednesday.
Sonae Indústria reports losses. Covid-19 will close plants
After three years of profits, Sonae Indústria reports losses. And 2020 will be challenging, with the virus temporarily closing some plants.
Opinion Covid-19 and Right of Exception
Care must be taken with these small (large) details and the precedents that are being created, which may later undermine democracy.
Central bank waives counter-cycle reserves
The Portuguese central bank has waived the need for banks to build up counter-cyclical reserves in the second quarter of 2020.
China reaffirms ‘tradition of mutual support’ to fight virus
China's minister of foreign affairs, Wang Yi, on Tuesday reaffirmed the tradition of mutual support in the relationship with Portugal.
Portugal advances with a seven-year syndicated bond issue
The operation is known after the IGCP announced that it will issue more debt to meet the increased financial needs generated by the Covid-19 pandemic.
Portugal issues extra debt due to coronavirus
The agency that manages public debt announced an increase in the amount issued in both Bonds and Treasury Bills in the second quarter of the year.
Portugal’s Government notified the EU for new credit lines
Notification delivered in Brussels is for the launch of new credit lines up to a maximum amount of 7 billion euros. Trade and services, but also industry, will be the priority sectors.
Covid-19 death toll at 160, 7,400 infected
The number of people infected with coronavirus in the country continues to rise. Currently there are 7,443 confirmed cases, with the number of fatalities rising to 160.