Indian ambassador wants closer ties with Portuguese people
India's ambassador to Portugal, Nandini Singla, said on Monday that the political relationship between India and Portugal is "fantastic" and called for the countries' people to have closer ties.
Temporary and part-time jobs on the rise in Portugal
Poland and Spain are the EU countries in which the share of temporary employees is higher, accordingly to Eurostat. Portugal comes right after with 22% of the population employed in part-time jobs.
Portugal: Inflation rises 1.6% in July, INE confirms
The consumer price index (CPI) rose to 1.6% in July, more than the same month a year earlier, a slight acceleration compared with a 1.5% growth in June.
Macau imports 29% more products from Portugal
Macau imported products worth €14.4 million from Portugal in the first half of 2018, or 29% more compared with the first half of 2017, the Portuguese Trade and Investment Promotion Agency confirmed.
Comporta’s sale at risk, as grasping interests collide
Assets management company, Gesfimo, will only present a new sale offer if the contestants abdicate from their right to oppose it. At least one bidder hasn't agreed to this condition.
Brussels extends aid to the Portuguese banking system
The European Commission decided to extend the financial aid to the Portuguese banking system up until the 9th of February 2019. The aid scheme consists in giving aid to eligible credit institutions.
Exports failed to keep up with imports’ growth in June
Exports didn't accompany the growth rate of imports, until June, according to the Portuguese Office for National Statistics (INE) causing the trade deficit to spike.
Ricardo Salgado: nine lawsuits, 21 crimes so far
Ricardo Salgado was accused of 21 crimes in total. The banker is also facing nine lawsuits, from which four have been filed by the Public Prosecution Service.
CP’s managers want to get off the hook amidst a major crisis
Comboios de Portugal (CP) is going through a major labour force shortage with malfunctioning railway equipment, making clients' complaints intensify. Managers are ready to leave the company.
Average income peaked at €887, the highest record since 2011
The Portuguese average income increased to €887 by the end of June this year, which accounted for the highest salary increase since the first trimester of 2011.
Associação Mutualista: who will be AMMG’s next leader?
Fernando Ribeiro Mendes announced his candidature, a month ago. The other associates in the group are formalizing the candidacy of Tomás Correia for the next round of elections.
The Economist’s views on Portugal’s economic growth
ECO had access to a part of the Economist Intelligence Unit's report on the Portuguese economy outlook, and we talked to the economist in charge of the analysis from the British magazine.
High electricity bills linked with high taxation in Portugal
Portugal comes third in Eurostat's ranking, that aims at asserting which are the countries whose energy bills are at its highest.
Papermaking industry cheers up Lisbon’s stockmarket
During the first session of the week, Altri and Navigator's stocks increased their value by 2%. Benchmark index closed with a positive value even if the increase is very slight.
How many patents do companies register per year in Portugal?
Have you ever considered patenting one of your ideas? It might just be the best way to protect it. Given Portugal's startup and tech boom, ECO was curious: how many patents are registered per year?
António Ramalho: “What doesn’t kill you makes you stronger”
Novo Banco was born out of a very complex resolution to BES, and it already celebrated four years. António Ramalho told ECO the next four are all about "rebuilding" the bank.
Who is the highest paid CEO in Portugal? And overseas?
The CEO at the top of the best paid in the Portuguese job market compared his salary with a medium range football player. Last year, he took home €2,2m.
📹 ‘Five minutes’ about internet of things
Paulo Patrício, IoT Solutions Manager at Celfocus, talks to ECO about some of the projects in traction regarding the Internet of Things. A smart t-shirt and a smart car equipped with Wi-Fi.
Tourism has doubled in Portugal
Over the last five years, tourism in Portugal has doubled. In 2012, the country had little more than two thousand touristic accommodation related businesses, which welcomed around 13 million guests.
Altice’s debt spikes, and Meo records a €503m turnover
Altice Europe, the owner of the Portuguese operator MEO, has reached a revenue of €3.5bn during the second trimester of the year. That means the company had a break-down in profits of around 1.4%.
Robles: the controversy of a building in Alfama
Last week the Portuguese left was under public scrutiny, over Robles' building in Alfama, and the incoherence it outlined in contrast to his political discourse. Tension escalated, he stepped down.
Marcelo gave the go-ahead to Uber
The President has enacted legislation that will affect Uber, Cabify, and Taxify. Increasing the statutory regulations under which these taxi-hailing apps are under, however, has spiked more protests.
Super Bock exports to China. Profits go up by 34%
The company has shown its best results to date, according to Rui Lopes Ferreira, head of Super Bock Group. There was as well a significant growth in the company's exports to China.
Who are the wealthiest Portuguese businesseman?
The Amorim family, is at the top, followed by Alexandre Soares dos Santos, owner of Jerónimo Martins. Belmiro de Azevedo's heirs are the third wealthiest, accordingly to Exame magazine's ranking.