The big numbers of Stilwell’s first big deal ahead of EDP
The acquisition will allow the Portuguese company to double its presence in Spain, but still needs regulatory approval. Get to know the details of Stilwell's first big deal ahead of EDP.
There are 339 new cases of coronavirus in Portugal
The number of cases of coronavirus infections in the country has increased to 47,765. Since the outbreak was detected in the country, 1,679 people have died.
Parliament approves plan to appoint Centeno as bank governor
Members of parliament have approved the report on the hearing on Mário Centeno becoming governor of the Bank of Portugal.
Medina appeals for ‘breakthrough’ in decision on new airport
Fernando Medina, Lisbon's mayor, has called for a "breakthrough" in the decision to build the new Montijo airport.
It’s official. EDP acquires 100% of Viesgo
EDP confirms the acquisition in Spain. The purchase of Viesgo, formerly EON Spain, is valued at 2.7 billion euros.
Nine more investigations are coming out of BES “super” case
Salgado's indictment extracted nine certificates in order to make some investigations autonomous of this mega case, whose indictment is 4,117 pages long and involves 25 defendants.
Portugal’s PM warns country won’t stand another confinement
"There is one thing we know: We cannot repeat the confinement we had to impose during the state of emergency," said the Portuguese PM, António Costa.
There are 375 new cases of coronavirus in Portugal
The number of cases of coronavirus infections in the country has increased to 47,426. Since the outbreak was detected in the country, 1,676 people have died.
Tourism practically stopped in May – INE
After the complicated month of April, marked by confinement, the month of deconfinement was not much better for tourism. INE reveals that tourism activity was "practically stopped" in May.
No scientific basis for UK air restrictions – Siza Vieira
The United Kingdom is the main market for tourists to Portugal, accounting for 19.2% of overnight stays by foreigners in 2019 and has recorded successive growth since 2013.
Portugal obtains interest of -0.452% to issue short-term deb
Strong demand for Portugal's Treasury bills (T-Bills) led to interest falling again.
First capital injection in TAP arrives next week
This first tranche of the state injection will enable TAP to deal with the payment of wages to workers and commitments to suppliers.
Former BES boss charged on 65 counts
Ricardo Salgado, Former BES boss, has been charged on 65 counts of crimes including criminal association, bribery, embezzlement, money laundering and tax fraud.
Anti-trust authority wants to end telecom loyalty
The president of the Competition Authority in Portugal said that the end of loyalty periods must be considered.
Lisbon rejects mandatory tests for inbound passengers
Lisbon City Council rejected a motion calling for mandatory testing of passengers arriving in Portugal via air or sea borders because of the pandemic.
There’s already a new date for the 5G auction
After the process was suspended because of Covid-19, Anacom now intends to start the auction of frequencies for 5G in October and conclude it in December.
Covid-19 death rate in Portugal increases with 13 more dead
The Directorate-General for Health (DGS) registered 13 more deaths from Covid-19, all in the Lisbon region and the highest number since the end of May. A
Navigator expects 22.7 million return after legal victory
The Portuguese papermaker won a dispute with the US paper sales tax. A drop from 37.34% to 1.63% gives the right to return the difference.
Mergers and acquisitions fall 23% in the first semester
Brisa's business contradicted the trend in the M&A market in Portugal, which registered a 23% drop in the volume of transactions in the first half due to the pandemic.
State of calamity remains in 19 parishes of Lisbon
António Costa has said that the state of disaster is likely to remain in 19 parishes in the Lisbon Metropolitan Area.
“If privatisation hadn’t taken place, TAP would have ended”
Miguel Frasquilho defends the arrival of private shareholders David Neeleman and Humberto Pedrosa, "was essential to provide the funds that TAP needed to survive."
There are 443 new cases of coronavirus in Portugal
The number of cases of coronavirus infections in the country has increased to 44,859. Since the outbreak was detected in the country, 1,631 people have died.
Portugal’s house prices rose 10% in Q1
House prices rose 5% in the Eurozone in the first quarter, but in Portugal, the increase was a little more than double.