Portugal plans to raise €1B in auction of 10-year bonds
The IGCP said that the OTs to be auctioned next Wednesday mature on 16 July 2032 (that is, about 10 years hence).
Covid-10 tests on passengers from China extended
In practice, passengers landing in Portugal from flights from China will continue to be subject to random, but compulsory, testing for Covid-19 on arrival.
Budgt support unit estimates deficit under 1.9%
UTAO pointed out that "it should be remembered that the ministry of finance estimate for 2022 already includes TAP's capital increase, which only took place in the fourth quarter".
EU funds can remove obstacles to Iberian rail links
The project of new connections between Lisbon and the Spanish cities of Coruña and Madrid was one of the 10 selected for community support by the European Commission.
Eurowind Energy opens second solar plant, to invest €400M
The Danish company also has three other projects planned for Castelo Branco, two wind and solar farms and a green hydrogen project.
Ryanair announces 11 new summer routes for Porto, 8 for Faro
Ryanair promised to continue to invest heavily in Portugal, with 13% growth in passenger numbers foreseen for the summer, with the aim of reaching 13 million passengers in fiscal year 2024.
Navigator formalises purchase of Spain’s GC Consumer
The acquisition of GC Consumer, which in 2022 had total sales of €115.6 million, allows Navigator "to position itself as the second largest Iberian producer of tissue paper.
Europe’s biggest solar farm to open in Santiago do Cacém
The solar photovoltaic park, from Iberdrola and Prosolia Energy, will supply "clean, cheap and locally produced energy sufficient to meet the annual needs of around 430,000 homes.
Economy grew 6.7% in 2022, fastest rate since 1987
The actual rate estimated by INE is higher than the 6.5% estimated in the state budget for 2023, which was tabled in parliament last October.
Residence visas for property purchase raise corruption risks
In the latest edition of the Corruption Perception Index (CPI) 2022, from ONG's Transparency International, Portugal is criticised for postponing the abolition of the "controversial programme".
Lisbon World Youth Day overhaul cost around €155M
More than 420,000 pilgrims have already pre-registered for WYD, but around 1.5 million people are expected in the capital.
Goods exports in Q4 up 16% YoY; imports up 17%
In the third quarter of 2022, the year-on-year rates of increase had been 27.9% for exports and 36.5% for imports, according to INE.
Galp refining margin up 75% in Q4
The rise in margin resulted from the "more favourable market environment", with the figure recorded in the fourth quarter expected to have "an estimated impact of €80 million on EBITDA.
Former minister elected to construction company board
Mota Engil's shareholders will meet this Monday to elect three new board members, including former CDS - PPS leader and former minister, Paulo Portas.
Government encouraging return of emigrants from France
Among the candidates for the Return programme, about 40% have higher education qualifications, a feature that the governor points out.
Douro region produced 234,000 bbl of wine in 2022
The estimated drop in production for last year's harvest in the Douro was around 20% according to initial forecasts.
Lisbon to invest €35M in World Youth Day
The Lisbon local authority says it expects around 1.5 million people to travel to the capital to take part in WYD.
PM convinced economy will grow more than initially forecast
António Costa sustained his optimism in the resilience of the national business fabric, "which has sustained the growth of the economy and the evolution of employment".
Douro, port wine sales hit record €625M in 2022
In terms of sales, Port represented €383 million last year and Douro wine €220 million. Port sales in the domestic market reached €74 million, rising to €309 million for exports.
PM denies having pressured in favour of Isabel dos Santos
Former governor of the Bank of Portugal, Carlos Costa, accused the PM of exercising pressure and "political meddling" in the process of the removal of Isabel dos Santos from BIC.
BoP decided Banif sale only alternative to liquidation
According to the former Bank of Portugal governor, the government had taken a deliberate action to precipitate the resolution of Banif.
SunEnergy sees 2022 turnover double to €12M
In 2022, SunEnergy installed 17,000 solar photovoltaic panels for the production of electricity from the sun in a self-consumption model.
Tourism revenues hit €22B in 2022, best year ever
In one year, the tourism sector not only recovered what we did in 2019, but exceeded the results by another 20%, said António Costa.
Investment of €8B planned for Sines is example of virtues
The cycle of private business investment adds up to "almost 3,000 direct jobs" and "almost eight billion euros of investment".