Minister rejects Portugal as China’s “special friend”
In a statement to the Financial Times, the Portuguese foreign minister speaks of a "meaningless myth" about Portugal's dependence on Chinese investment.
Government wants to end tax exemption for foreign pensioners
Under study is the implementation of two levels of taxation according to the pension income received by foreign pensioners.
Portugal to host EU ‘Friends of Cohesion’ summit
A summit that aims to strengthen the position of member states against cuts in this policy in the next EU multiannual budget.
Sines port aims for ‘double digit growth’ in containers
The port of Sines is expected to reach double-digit growth in containerised cargo in 2020.
Portugal beats target of one billion in investment projects
Last year, Portugal managed to obtain 80 new investment projects from 15 different countries.
Foreign investment at high in 2019
The Minister of Economy said that the foreign investment contracts captured by the Portuguese agency for foreign trade and investment (AICEP) reached "a new high" in 2019.
Police, public prosecutors search Portuguese banks
The criminal investigation police (PJ) and the public prosecutor's office started 15 searches of banking institutions and company headquarters.
House prices in Portugal with the 4th highest rise in Europe
House prices rose 10.3% in Portugal in the third quarter of last year. Only Latvia, Slovakia and Luxembourg recorded higher increases in Europe.
‘Gold’ residence visa scheme for foreigners raises €742M
During last year 1,245 'gold' visas were granted, of which 1,160 Residence Authorisations for Investment Activity (ARI) raising €660.7 million were granted.
Tourism increases in November. Revenues are growing
Tourism increased in November, driven by residents. In 2019, total income increased by 7.2%, higher growth than in 2018.
Number of foreign residents tops 500,000 for first time
The Portuguese minister of internal administration announced that the number of foreign nationals living in Portugal exceeded 500,000 in 2019.
Portugal issues 1,750 million in short-term debt
The country went this Wednesday to the debt market to issue six- and 12-month Treasury bills.
Rents in Lisbon go down for the first time in three years
The Residential Rents Index registered, in the third quarter of last year, the first negative change since the third quarter of 2016, according to data from Confidencial Imobiliário.
Portugal: Expo 2020 to focus on language, culture, music
Portugal's participation in Expo Dubai, after 10 years in which the country has been absent from universal exhibitions, has a total investment of around 21 million euros.
Portuguese dividends are less attractive
The appreciation of the Lisbon stock market below the peers made Portugal fall in the ranking of the best dividends (compared to the share price).
Portuguese, Mozambican Presidents call for new investment
During an official meeting in Maputo, The Portugues President, Marcelo Rebelo de Sousa, said that the time has come for Portugal to invest in Mozambique.
Report Foreigners passionate about Portugal’s interior
Fundão is currently an epicentre of foreign investment in the country. ECO went to know four stories of three different nationalities, who decided to abandon their origins.
EDP wins new contract for solar energy in Brazil
The Portuguese company has currently contracted 5.3 GW of the approximately 7.0 GW of global capacity planned for the period 2019-22.
Lisbon European Green Capital to improve quality of life
Lisbon is the European Green Capital in 2020 and, according to the city's mayor, the objective is to improve the quality of life of cities.
Companies expect 2.1% increase in exports of goods in 2020
Companies expect to see exports increase by 2.1% this year, a figure that represents a slowdown from last year's forecasts.
Minister of Finance expects reduction of public debt in 2019
According to Portugal's finance minister, public debt will have fallen in nominal terms last year. If confirmed, it will be the first fall in government debt since 1995.
Amorim to invest in Australia and Chile
The company plans to open a new plant in Adelaide, Australia, in April and will open a new unit in Chile next year with a local group. This is an investment of 4.5 million euros.
With EDP at highs, BlackRock and Elliot reinforce positions
BlackRock and Elliot strengthened their positions as the third and fifth largest shareholders in the company led by António Mexia. BlackRock now holds over 5% of EDP's capital.
Left Bloc to abstain in first budget vote
The Left Bloc announced its intention to abstain in Friday’s first vote on the draft state budget for 2020. The announcement means that the bill’s passage on its first reading is now all but assured.