Manufacturing industry prices soared 10% in September
According to Statistics Portugal (INE), the manufacturing industry prices index increased 10% in September, compared to the same period of the previous year.
Portugal repurchases US$268 million debt
With this operation, the IGCP, led by Cristina Casalinho, lowered the outstanding balance of this issue in dollars made in 2014 to around US$3.1 billion.
Portugal had third highest gas prices in EU H1 2021
In the EU, electricity prices increased from €21.3 per 100kWh in the first half of 2020 to €21.9/100kWh in the first six months of the year.
Andalusia wants high-speed Seville-Faro train link
According to the regional official, both the Andalusian and the Portuguese governments "have expressed interest" in continuing the Madrid-Seville high-speed rail link to Faro via Huelva.
Sonae’s fintech enters the merchant acquiring business
In an initial three-year agreement, Easypay will provide Universo IME with automatic terminals that allow payments through MBWay and ATM references, aimed at SMEs.
Portugal with second lowest EU inflation rate in September
According to the European statistics office, the 3.4% annual inflation rate in the eurozone compares with -0.3% year-on-year and 3.0% in August.
GreenVolt wants to raise €75M through green bond offering
GreenVolt has mandated two banks to act as "coordinators" for a private offering of sustainability-linked bonds.
Switzerland sought Pinto’s help to investigate Infantino
In an email sent in late 2018, prosecutor Damian K. Graf asked the Portuguese hacker for potentially incriminating information about the FIFA president.
Galp to invest in Brazil’s renewable energy sector
With this portfolio expansion, Galp's total gross renewable generation capacity increases to c.4.7 GW spread through Portugal, Spain and now Brazil.
Portugal to adopt energy price alleviation measures
Portugal is one of six EU member states that have put forward support measures to address the energy crisis after guidance from the European Commission to curb rising prices
EU funds to support migration policies are increased by 168M
Migration policies, borders, visas and police cooperation are the three areas of the Internal Administration with an increased allocation of €168.3 million in the new Multiannual Financial Framework.
Extra VAT on fuel following hikes offset by lower fuel tax
Answering questions from journalists, António Costa said that the current global situation of rising energy prices must be managed "prudently".
Effects of Covid not noticed as much as in other countries
The effects of the Covid-19 pandemic are less noticed by the Portuguese than the average of 30 countries, according to the 'Healthy & Sustainable Living' report.
Mota-Engil interested in managing Lobito corridor
According to the communications office of the Port of Lobito, the competitors so far are Mota-Engil, Chinese companies CITIC and CR20, Swiss company Trafigura and DP World.
Portugal to repurchase debt in dollars
Three months ago, the IGCP repaid US€1.1 billion in advance. Now it wants to repurchase new debt issued in US currency.
EDP Brasil sells €210 million worth of power assets
The company has decided to sell three power transmission assets at an enterprise value of €210 million.
Wine exports to August up better-than-expected 13% YoY
"Total exports were €581 million, 13% more than last year," the president of ViniPortugal, Frederico Falcão, announced this Tuesday.
Corporations’ return on assets increases to 6.5% in Q2
Bank of Portugal shows a reversal in the downward trend, driven by the manufacturing sector, but national companies are still less profitable than before the pandemic.
Portuguese airports handle 3.9M passengers in August
National airports welcomed 3.9 million passengers in August, up 76% compared to last year. Still, the figures remain below the pre-pandemic level.
Country among those set to limit pensions spending by 2060
According to the OECD, Portugal is also among countries that may see a greater increase in the unemployment rate among older people.
Portugal leads euro zone in construction output in August
According to Eurostat, Portugal recorded the largest month-on-month increase in construction output among EU member states in August, at 2.4%.
Former TAP CEO cleared by Public Prosecution Service
At stake is the purchase process of the Brazilian company VEM-Varig, negotiated between 2005 and 2007 by Fernando Pinto.
Fuel consumption recovers in September, grows 10.46% YoY
According to the National Energy Sector Authority (ENSE), fuel consumption rose 10.46% in September, in a "context of progressive normalisation" of the country and the economy.
Country to show ‘it makes sense’ as partner at Hannover Mess
The first edition after the pandemic of the fair in Hannover is scheduled for April 25-29 next year and will feature Portugal as a partner country.