ECB could stabilise or halt interest rate rises in May
ECB has raised the price of money since July last year by 350 basis points to 3.50%, with the latest hike, of 50 basis points.
Portugal will break new investment records in coming years
Sines should become "one of the biggest centres of renewable energy production", said António Costa.
TAP pilots’ union calls off threatened Easter strike
"Some of the major obstacles to understanding between the parties have been resolved, namely the situation of coexisting pilots still covered by the collective dismissal process", said the union.
Immigration, borders service staff to strike over Easter
At stake is the integration of SEF workers into the Judiciary Police (PJ), the Institute of Registries and Notaries (IRN) and the future Portuguese Agency for Migrations and Asylum (APMA).
TAP CEO to leave post at beginning of April
"Our aim is that when the current CEO leaves, the new CEO takes over," said Galamba, pointing to "the beginning of April" as the date for the change of leadership at TAP.
Renewable energy investment intentions total €60B
Portugal currently has 17 gigawatts of renewable energy installed capacity, and that since the beginning of last year (2022) it has already licensed another four gigawatts of solar energy.
Moody’s maintains stable outlook for banking sector
Moody's outlook also points to the continued stabilisation of Portuguese banks' capital ratios.
EC approves Iberia gas price cap for electricity production
With the extension of the facility, Portugal and Spain are safeguarded until "the end of the year" if there is a rise in the price of gas because of demand next winter.
0% VAT on foodstuffs to last six months
The pact signed also provides for the creation of a monitoring commission, with a view to "overseeing the implementation of the commitments" of the agreement.
Patent applications in 2022 rise to 312 mainly in technology
In all, last year, Portuguese companies and inventors increased their patent applications for pharmaceuticals by 85.7%. Unicorn Feedzai and University of Aveiro led the number of applications.
Government plans 20% increase in numbers working in tourism
This agenda, which is still under construction, aims to make Portugal the reference destination to study and work in the tourism sector.
133M to develop use of marine resource
The Blue Bioeconomy Pact brings together a total of 85 national entities, including large companies, small and medium-sized enterprises, start-ups and research and development institutions.
Early stage investors group questions stock options bill
Investors Portugal is contesting the treatment given to 'stock options', particularly with regard to members of corporate bodies in the new Startup Law draft bill.
If economy worsens government will increase budget deficit
The government forecasts a budget deficit of 0.9% of gross domestic product (GDP) for this year, while the public finance council estimates it will be 0.6%.
PM satisfied by ECB confidence in soundness of EU banking
EU leaders today reiterated that the banking sector "is resilient, with strong capital and liquidity positions" on a day when several European banks are in sharp stock market declines.
Galp to cut retail power prices by average 15%, gas by 27%
The cut in prices reflects "the favourable evolution that has been seen in the wholesale gas and electricity markets," the company said.
Altri profits up 23% in 2022 to €152.1M
The company highlighted that it was the first time that sales exceeded the €1 billion threshold.
Government’s food price measures ‘tardy’, says JM CEO
Pedro Soares dos Santos was speaking in Lisbon at the press conference on the results of the Jerónimo Martins group in 2022.
PM stresses need to conclude EU banking union to reduce risk
"We must not forget that the banking union is still incomplete and there is a fundamental pillar, which is the deposit guarantee, which has yet to be implemented," said António Costa.
Jerónimo Martins invests €2B in 3 years
In 2022, Jerónimo Martins made investments of €2 billion and paid bonuses to group employees of more than €700 million in those countries.
More than 65,000 spectators expected at MotoGP in Algarve
This impact is felt in the western Algarve, but also "up to the Vilamoura area", located in the central part of the region, in the municipality of Loulé.
PM slams ECB rate hike
"It's absolutely essential that a country with the level of debt that Portugal has, continues to reduce its debt so that it suffers as little as possible from the interest rate increase."
Portugal posted €513M external surplus in January
The Bank of Portugal said that "travel and tourism exports totalled €1.3 billion, the highest value on record for the month of January".
Budget deficit expected to be 0.5% in 2022
For 2024, the CFP anticipates a reduction of the budget deficit to 0.1% of GDP, mainly reflecting the dissipation of the effect of measures to respond to the increase in fuel and energy prices.