Portugal’s Inflation rate stood at -0.7% in May
In May, the inflation rate stood at -0.7%, the lowest since July 2014.
Number of Covid-19 cases increases 1.1%. Death toll at 1,383
The number of cases of coronavirus infections in the country has increased to 31,946. Since the outbreak was detected in the country 1,383 people have died.
SATA resumes Lisbon-Azores link on June 15
The SATA announced that will resume flights from Lisbon to Ponta Delgada and Terceira, as well as between Funchal and Ponta Delgada.
President hopes EU Council will match Commission’s courage
Marcelo Rebelo de Sousa, Portugal's President, hopes that the EU Council would live up to the courage that he believed the European Commission had shown with its proposal for a recovery fund.
Semapa’s profits drop by over 50%
Holding saw profits drop by over 50%, especially because of Navigator.
Altri increases production. But net profit down 81%
In the first quarter, the pulp manufacturer increased production and sales. However, the fall in the price of raw materials in international markets penalized the company.
EDPR wins energy contract in Italy. It has 1.3 GW in Europe
EDP Renováveis won a long-term contract, "at the Italian wind energy auction, for the sale of wind energy produced by two farms with total capacity of 54 MW," announced the company.
Opinion Japan-Portugal: A long and historical relationship
Japan's ambassador to Portugal wrote an opinion article for ECO News about the historical relationship between the two countries.
Government to study postponing reopening of Lisbon economy
Portugal's government is considering the possibility of postponing the implementation of some measures in the Lisbon region.
Benfica, FC Porto among top European football clubs by value
Benfica and FC Porto are on the list of the 32 European football clubs with the highest commercial value, according to a study released this Thursday by KPMG.
Number of Covid-19 cases increases 0.9%. Death toll at 1,369
The number of cases of coronavirus infections in the country has increased to 31,596. In the last 24 hours, 13 people have died from the disease.
Consumers’ confidence recovers with deconfinement
Consumer confidence recorded the largest increase in the series, after showing in April the largest reduction from the previous month and the lowest value since May 2013.
TAP support plan “will have environmental criteria”
The support plan for the airline "will also have environmental policies in its multiple criteria," assured João Matos Fernandes.
PM confirms country’s external financing needs are assured
The Prime Minister, António Costa, guaranteed that the Portuguese state's financing needs "are assured, fortunately".
TAP changes route recovery plan
TAP announced that it would adjust the route recovery plan because of the recent critics by several national authorities, including the government.
EC proposal “allows robust response” to crisis, says Costa
Prime Minister considers that the European Recovery Fund, presented this Wednesday by Brussels, "allows a robust response" to the pandemic crisis.
Number of Covid-19 cases increases 0.9%. Death toll at 1,356
The number of registered cases of coronavirus increased by 0.9% to 31,292.
Portugal receives 15.5 billion euros in grants from the EU
If the European Commission's proposal is approved by the European Council, Portugal will receive 26.3 billion euros from the European post-Pandemic recovery fund.
Interest rate on Portugal’s debt slides with recovery fund
Interest on peripheral debt is falling on the day the European Commission presents the economic recovery fund.
Lone Star put Novo Banco’s operation in Spain up for sale
Lone Star put the Novo Banco's operation in Spain up for sale, after the injection of 850 million euros by the Portuguese State into the bank.
Pandemic costs to 680 million euros until April
According to the Directorate-General for Budget (DGO), the coronavirus crisis cost 680.2 million euros in Portugal until April.
Prime minister says TAP route plan ‘has no credibility’
"No route plan defined by TAP has credibility without prior information on the border reopening strategy defined by the Portuguese Republic," António Costa said.
Parties call for support for business and improved salaries
António Costa has heard the views of political parties on the government's plan to tackle the crisis caused by the pandemic.