Government not open to selling off 100% of TAP
The commitment assumed with the European Commission that allowed for aid to the company "does not require the sale of TAP".
Minister wants 3% GDP growth, end to windfall tax soon
"As long as the circumstances that allowed excessive profits to be generated disappear they should be reassessed. The costs of energy are going down in a very clear way", said the Economy minister.
EasyJet cabin crew strike enters fourth day
The union and the airline have presented very different figures for levels of participation, with easyJet saying that 55% and 70% of staff on duty taking part, and the union saying it was 100%.
Government needs to restart visits to China
"There is a lack of greater involvement from the Portuguese government (...) so that we can make the leap to a new stage of development of bilateral relations."
Inflation falls 1.7 pp to 4.0% in May
The underlying inflation indicator (total index excluding unprocessed food and energy products) registered a variation of 5.5% in May (6.6% in the previous month).
EU ready to pay €250M to members most affected by drought
More than 40% of mainland Portugal is currently in a drought situation.
Minister wants country leader in sustainable aviation fuel
João Galamba also referred to the role of ports in this energy transition process and on the path to an emissions-neutral economy.
Consumer confidence at 15-mth high
As for the economic climate indicator, confidence indicators decreased in all surveyed sectors, Manufacturing Industry, Construction and Public Works, Trade and Services", says INE.
5G security risk may result in equipment ban, restrictions
Huawei says it knows that "the Portuguese government has published information regarding the risk assessment of telecommunications networks," but that the company "had no prior knowledge".
44% leap in public works contracts in first four months
Regarding works contracts concluded within the scope of public tenders, in the first four months of the year they were €190 million, 52% more than at the end of April of last year.
Border control officers call off strikes at airports
With the promulgation of the diplomas on the transition of personnel and the creation of the APMMA "the grounds that were laid down in the strike notice" have been removed.
Brussels received Lisbon’s proposal including REPowerEU
Portugal has also requested €3.2 billion in additional loans, with the PEPowerEU grants amounting to €704 million.
2023 is going well, summer has little room for growth
Performance of tourism on the domestic economy in the first quarter, which grew above the expectations of some of the main economic institutions, has been influencing the forecasts for the country.
EasyJet cabin crew begin five spaced strike days
The carrier also said that all customers whose flights are cancelled "are eligible for a refund or free change to a new flight" and recommended that they confirm the status of their flights.
TAP’s strategic value will be secured with correct strategy
The strategic importance of TAP can be ensured with a "private partner" that "has the right strategy" for the company to ensure its "strategic function", said the PM, António Costa.
Porto Social Forum to refresh cohesion after 2021 summit
Organised by Portugal's government, the Porto Social Forum aims to reaffirm the role of social rights in the EU and to follow up on the commitments made at the bloc's Social Summit in the city in 2021
EC negotiating with government on request for extra RRP fund
Portugal has expressed its intention to request €3.3 billion in additional loans under the RRP, the EC announced, also speaking of an additional €704 million through the RepowerEU program.
Government signs four agreements with Algeria
The meeting in Algiers was attended by the minister of economy, António Costa Silva, who expressed Portugal's desire to increase investment in Algeria fivefold over the next five years.
Banking sector underperforms EU peers in several areas
Pointing out that the sector "has come a long way since the 2008-2009 financial crisis", it nevertheless notes that "it underperforms its European peers on several key indicators".
Moody’s upgrades Brisa’s outlook to positive
Moody's also maintained its rating on senior secured debt at Baa1 and its provisional rating for the programme to issue €3 billion in medium-term bonds for the concession company.
We need large companies, confidence to boost capital market
"We need, and very much so, to have large and very large companies. The feeling one gets is that there is an imaginary line defined by the size of the companies."
Inflation set to stay below 3% for several months in H2
Portugal's minister of Finance also expects a lower ratio of net public indebtedness to gross domestic product in the second half of the year.
E-commerce market expected to be worth €7.13B in 2023
The majority (62%) of companies in Portugal have an 'online' presence - 'website' or social networks -, but "only 16% take advantage of these platforms to generate business".
113,000 CPLP immigrants get residence permits via SEF portal
The platform for obtaining residence permits in Portugal for CPLP's citizens began operating on March 13 and is aimed at Portuguese-speaking immigrants with processes pending at SEF and consulates.