BCP sells NPLs and real estate assets in Algarve for €145m
The Portuguese bank has put "Project Green", a portfolio of non-performing loans (NPLs) and real estate worth €145 million, on the market.
New EU investment package with two Portuguese companies
The European Union is investing €118 million into 32 small innovative projects located in 14 EU member states, Iceland and Norway.
A million more vaccines expected in next fortnight
The coordinator of the vaccination task force said Portugal may receive about one million Covid-19 vaccines in the next two weeks.
Goods exports in Q2 up 49% YoY, imports up 46% – INE
According to Statistics Portugal (INE), exports and imports of goods in the second quarter of 2021 were up by 49.1% and 46.3% on the same period a year earlier.
Moody’s assigns ‘Ba1’ rating to Crédito Agrícola
In the first rating assigned to Crédito Agrícola, Moody's gave a "Ba1" rating to the Portuguese bank.
EU starts infringement proceedings against Portugal
In a statement, the EU executive announced that it has opened "infringement proceedings against 12 member states for failure to transpose EU rules prohibiting unfair commercial practices."
Exam disagrees with Galp’s removal and will appeal
"Exem does not agree with the decision of the panel of three arbitrators who decided that only the allegations presented by Sonangol were sufficient," said the company through a statement.
US advises citizens to avoid travelling to Portugal
The USA placed Portugal at the "very high" level due to the worsening of the Covid-19 pandemic.
Ground handling unions cancel strike
Last week, the ministry had that TAP would pay directly to Groundforce workers the amounts corresponding to holiday pay and overdue bonuses.
Sonangol recognised as sole owner of investment in Galp
The sentence was made public on Monday, according to which the court ruled in favour of the Angolan oil company that it will be reinstated as sole shareholder (100%) of Esperaza Holding BV.
BCP will save €35M p.a. with restructuring plan in place
At the presentation of results, Miguel Maya said that the restructuring plan has a cost of around 90 million euros this year but will lead in future to annual savings of 35 million euros.
BCP profit sinks 80% to €12 million
The Portuguese bank set aside €214 million for legal risk on CHF loans in Poland and recorded restructuring costs of around €87 million, which penalised BCP's results in the first half.
Bond loan: Benfica raises €35 million from 1,887 investors
Benfica SAD managed to raise the €35 million it wanted with the bond loan. The operation took place amidst a troubled environment surrounding the club.
Dutch startup Mollie opens hub in Lisbon
The announcement of the hub's opening in Portugal comes after the company raised €665 million in the Series C round.
Popeyes wants to open 40 restaurants in Portugal
The North American brand arrives in Portugal after entering the Spanish market two years ago.
Madeira to keep curfew even if it is revoked at mainland
"I am not ending any curfew. We are in a state of calamity and we will keep the schedules because we are in the middle of a pandemic," said the president of the regional government.
Government is ‘barking up the wrong tree’ on fuel margins
"We argue that 80% of the margin increase they claim is due to miscalculations," says Andy Brown.
President to meet current, former presidents of Brazil
These meetings were disclosed this Monday through a note on the official website of the Presidency of the Republic on Marcelo Rebelo de Sousa's trip to Brazil next weekend.
Cruise ships can keep disembarking passengers until August 8
The order, which takes effect from 12 am today and is in force until 11 pm on August 8, extends the government's authorisation in May, which followed several months of prohibition due to the pandemic.
EU starts proceedings against Portugal for copyright delays
The EU executive began infringement proceedings against Portugal for failing to communicate to it how they have transposed EU legislation aimed at modernising copyright rules.
Novo Banco commission final report needs more consensus
The chairman of the commission of enquiry into Novo Banco says there is room for MPs to talk and reach an understanding on the final report.
Portugal drops seven positions in the innovation ranking
Portugal falls to 19th, this being the first reverse in the upward trajectory on the European Innovation Scoreboard since 2014.
Galp Energia loses three members of the Board of Directors
Galp's Board of Directors, which changed its CEO at the beginning of the year, has now lost three managers: Sofia Tenreiro, Susana Quintana-Plaza and Carlos Silva.
GreenVolt raises another €20 million with greenshoe shares
The banks placing the company’s new shares have exercised the greenshoe option, with the securities standing at €4.25 each.