Public debt fell by €6.1 billion in October

ECO News,

General government deposits declined €9.7 billion. Net of those deposits, public debt increased by €3.7 billion, to a total amount of €254.2 billion.



Portugal reduces indebtedness, no longer in worst three

Lusa,

The performance in 2022 has allowed Portugal to be removed from the "isolated position" of the third most indebted country in Europe, said the country's finance minister.


Securities regulator posts administrative offences

Lusa,

In a note published on its website, the CMVM said that it had on Wednesday posted "five decisions on administrative infraction proceedings, four of which were anonymous."


Parties cite importance of euthanasia bill

Lusa,

The governing party (PS), the main opposition party (PSD) and the IL cited the importance of the bill on medically assisted death currently in parliament to justify postponing the vote.


Unemployment rate falls to 6.1% in October

Lusa,

"In October 2022, the unemployment rate remained at 6.1%, similar to that seen the previous month," INE's 'Monthly Employment and Unemployment Estimates' noted.


Portugal to help Ukraine with €1M for energy crisis

Lusa,

"Portugal will make an extraordinary contribution to the comprehensive assistance package," announced the minister of foreign affairs, João Gomes Cravinho.



Portugal’s inflation drops to 9.9% in November

Luís Alexandre,

"Based on the information available until the date of the present press release, the Consumer Price Index (CPI) annual rate is estimated to have decreased to 9.9% in November (10.1% in October)," INE


Ores pays €26.2 million for three Continente hypermarkets

ECO News,

Ores, which results from a partnership between Bankinter and Sonae Sierra, adds three assets located in Guarda, Cantanhede and Ponte de Lima to its portfolio.


IBM to open another tech centre in Portugal

ECO News,

The company has centres in Tomar, Viseu, Fundão, Portalegre and Vila Real and everything points out that the choice will fall back to the centre of the country.



Economy minister dismisses two secretaries of state

ECO News,

The minister of economy dismissed João Neves and will do the same with Rita Marques over disagreements with IRC. António Costa prepares a mini reshuffle.


Portugal spent €3.56 billion on research & development

Luís Alexandre,

The European Union invested €328 billion in R&D last year, representing an increase of 6% compared to the previous year, according to Eurostat.


Footwear sector plan calls for focus on high-income markets

Lusa,

Portugal's footwear sector, which comprises some 1,500 companies employing around 40,000 people, exports over 95% of its output, to 172 countries on five continents.




CMVM stresses need to avoid overlaps in action

Lusa,

Portugal's Securities Markets Commission (CMVM) stressed the importance of avoiding or if possible eliminating overlaps in the actions of different regulators.


NTT Data opens new hub in Guarda

ECO News,

After Braga, Castelo Branco, Coimbra, Porto, Évora and Óbidos - besides the headquarters in Lisbon - Guarda is where the new hub of the technology company is situated.


Nine place jump in European patent request ranking

Lusa,

"Despite the relatively low absolute number of patent applications, Portugal has the highest growth rate, and it is expected soon to overtake Luxembourg and the Czech Republic in this indicator."


Lisbon pollution exceeds WHO recommendations

Lusa,

Calçada de Carriche (Lumiar), Alameda da Encarnação, Avenida 24 de Julho and Avenida Infante Dom Henrique, in Santa Apolónia, were the areas with the highest levels of nitrogen dioxide pollution.


Nokia opens new research and development centre in Portugal

ECO News,

"The new centre will attract highly skilled talent, who will focus on software development for key components of 5G and future 6G mobile networks," says the company in a statement.


Montepio group restructures insurers’ debt

ECO News,

The Associação Mutualista Monteiro Geral (AMMG) converts subordinated loans of €30 million in additional capital installments to ease Lusitânias' debt burden.