EDP sells Douro dams for 2.2 billion euros
The business is part of the disposal of non-strategic assets of electric power. The business was valued at two billion euros.
Coal-fired power stations will reduce EDP’s profit
The electric company led by António Mexia warned of the impact of the acceleration of the energy transition process on the profitability of coal-fired power stations in the Iberian Peninsula.
Portugal’s economic indebtedness drops again
The indebtedness of the economy includes the debt of all agents supported by the financial sector.
Immigration liaison officers in four new locations
Portugal has announced the extension of its network of immigration liaison officers abroad to countries like New Delhi, Beijing, Rabat and London.
Chinese company evaluates acquisition of 30% of Mota-Engil
Bloomberg claims that the Chinese state-owned company CCCC will be in initial negotiations to buy a minority stake in the construction. António Mota assures that he has not received any contact.
Portuguese becomes CEO of world’s fourth-largest carmaker
Carlos Tavares has become CEO of the world’s fourth-largest car manufacture, following a merger between Fiat Chrysler and PSA Peugeot
Budget surplus key to creating scope to meet needs – PM
The draft state budget for 2020 foresees a budget surplus of 0.2% - the first in the history of Portuguese democracy.
Bank of Portugal sees economy growing 1.7% in 2020
An increase in the minimum wage will help domestic demand, which will sustain economic growth next year, says the Bank of Portugal. Even so, the central bank is less optimistic than the government.
Cheops satellite has Portuguese contributions
The European Space Agency (ESA) launches today the Cheops satellite which will study planets outside our solar system.
Government forecasts first surplus with economy growing 1.9%
In the first Budget of the new legislature, the Government points to a surplus of 0.2% with the economy growing by 1.9%.
Tax burden to reach 35% of Portugal’s GDP in 2020
Tax revenues should rise from 25% of GDP this year to 25.2% next year, corresponding to 54,844 million euros.
Houses valued at over one million euros will pay IMT of 7.5%
The government has created another IMT layer for properties costing more than one million euros. So far the maximum rate was 6%, from 2020 it will be 7.5%.
Report Portugal, natural habitat of shared services. But why?
Multinationals choose Portugal to install shared service centres, a "virtuous circle" that attracts more and more companies to the country. The trend has already conquered the Public Administration.
Main points of the government’s budget proposal
The Portuguese government will present today the proposed budget for 2020. The budget will be delivered today by the minority socialist government in parliament and will be debated on 9 and 10 January
DBRS to conduct two examinations of Portuguese debt in 2020
The Canadian financial rating agency revisits national sovereign debt for the first time in 2020 on March. Portugal's rating is at "BBB (high)".
Sonangol: Galp and BCP’s holdings are “strategic”
The leader of the Angolan oil company said that Sonangol "has no reason to leave Galp" and said that, like its participation in BCP, it was a "strategic investment".
Portugal ‘should have greater presence in China’
In the 20th anniversary of the handover of Macau to China, Portugal’s last governor in the city said that the country should have a greater presence in China.
President welcomes ‘clarification’ offered by UK election
Portugal’s president, Marcelo Rebelo de Sousa, said that "clarifying result, which has occurred in the UK legislative elections, is positive for Portugal".
PM satisfied by almost all EU members on carbon neutrality
Prime minister Antonio Costa said that there are good reasons to be 90% satisfied with the conclusions adopted at the European Council on the goal of carbon neutrality by 2050.
“Altice doesn’t give up fibre optic control”
Altice sold 49.99% of the fibre optic network, and Alexandre Fonseca, Altice Portugal CEO, guarantees that the company will continue to control this infrastructure.
Altice sells 49.99% of its fibre network to Morgan Stanley
Altice Europe sold 49.99% of its fibre optic network in Portugal to Morgan Stanley Infrastructure Partners. The company expects a cash inflow of 1,565 million euros in 2020.
Portugal to try to ‘convince’ EU to finance trains
The Portuguese government is trying to convince the EU to also finance investment in railway rolling stock and not just in infrastructure.
Lisbon stock exchange – three companies delist in 2019
According to Euronext data, in the last 10 years, the number of companies in the Portuguese regulated market decreased from 54 in August 2009 to 42 in July this year.
EDP shareholder assesses changes in international assets
China Three Gorges will be working with advisors to set up a new company to group the international assets held by the Chinese state-owned group.