Citigroup joins the advisory board of EDP’s takeover bid
EDP's takeover bid welcomes a new player. China Three Gorges strengthens its financial advisory board, hiring yet another American bank to assist with the €9,1 bn acquisition.
Venture capital not pushing startups in the right direction
CMVM's yearly report noted that venture capital is not as adventurous as it would be expected with investors choosing less high-risk projects at an early stage, such as startups.
VW’s workers union ask for 4% raise among other demands
Volkswagen's Portuguese workers' union demands more rights, particularly asking for a 4% raise, a 25-day-long vacation period and the regularization of the 400 precarious employment contracts
Taxi-hailing apps like Uber will have to pay a 5% tax
Portugal's President vetoed the first proposal of a 2% tax saying that there was no balance between the taxi-hailing apps and the taxi drivers. PS and PSD agreed in a 5% tax.
European Commission lowers Portuguese GDP forecast to 2,2%
European Commission points out "resilient growth amid increased uncertainty" at EU level and lowers the Portuguese GDP forecast to 2,2%, while growth momentum in the euro area shows more moderation.
T-Roc has doubled Portugal’s car-producing capacity
Vehicle production has almost doubled, mostly due to Volkswagen's SUV T-Roc, produced at Autoeuropa. 154 thousand vehicles were produced during the first half of the year, accordingly to ACAP.
PM’s long-awaited visit to Angola has been finally scheduled
António Costa will visit Angola later this year, in September. Portuguese-Angolan relationships shall improve considering the double taxation issue is solved.
Lisbon and Porto’s airport taxes increase by 1,63% and 1,01%
Increase trend in passenger traffic in Lisbon and Porto makes Vinci Airports and ANA raise airport taxes by 1,63% and 1,01%, respectively.
INE shows Portugal is exporting less goods than last year
In relation to last year, exports have decreased as they registered a 6,2% growth against last year's 17,7% raise over the same period.
Portuguese hype attracts 26 thousand foreign students
Seems like not only tourism is blooming in Portugal, as the number of foreign students registered at Portuguese universities almost doubled over the last five years.
Chinese companies suffocate national wind tower production
Chinese are suffocating the Portuguese wind power producers – claims for the use of impractical prices are raising concerns regarding the need of applying anti-dumping measures.
Aussies have over a billion euros to invest in Portugal
Australian leaders and entrepreneurs visited Lisbon last week and they have over €1.1bn to invest in Portugal.
Obama was optimistic at Climate Change Summit in Porto
Former US President spoke in Porto about the Paris Agreement's longlasting potential and the role civil society can have in ensuring the issue is a priority for politicians.
US ambassador is vigilant about Chinese investment upsurge
George Glass told the news agency Lusa the US is vigilant about the rise of Chinese investment in Portuguese utility company, EDP.
Sonae Sierra Brasil negotiates merger with Aliansce
SSB disclosed to its shareholders this Wednesday that "Aliansce and Sonae are negotiating a combination of their businesses"
EDP’s subsidiary strikes yet another deal: off to Greece
EDPR's internationalization strategy is at the center of EDP's growth - and there is no stopping them
Who will be the runner up for the 5G race in Portugal?
Portugal telecom companies get ready for the 5G challenge: spectrum negotiations concerns as all want a bite at the lead.
Portuguese workers join Ryanair cabin crew strike
Unions want the airline company applying the existing legislation from the country in which they are based, instead of having to abide by Irish legislation.
Housing prices rose 6,4% during second trimester
Price per square meter in Lisbon hits €3,067, though it has decreased by 0,4%
Goldman Sachs looses appeal against Novo Banco
Goldman Sachs didn't win the appeal at the British Supreme Court regarding the Oak Finance loans. The court verdict was favorable for Novo Banco and BdP. The decision must be processed in Portugal.
Unemployment plunges again to 7.5% in March
The unemployment rate continues its downward trajectory, standing at 7.5% in March, according to this Wednesday's estimate disclosed by Statistics Portugal (INE).
IMF: Nine warnings and three compliments to Portugal
Difficulties in recruiting qualified workers, external shocks and fear of changes in the labor law. These are some of the warnings left by IMF, which commends banking and fiscal consolidation.
Consumer trust and economic climate reach maximums of May
The consumer confidence indicator increased in May, for the third consecutive month and to the highest value of the series.
The State may enter Novo Banco and Haitong’s equity
The matter concerns the special regime for deferred tax assets, which foresee the State's entrance in the banks' capital as a compensation for this benefit.