‘Russia did not want to act drastically’ against embassy
Marcelo Rebelo de Sousa said commenting on the expulsion of five employees of the Portuguese embassy in Moscow, that despite everything, Russia did not want "to be very drastic" with Portugal.
Immigrants younger, better educated than others
Concerning the labour market, INE concluded that the population aged 25 to 64 with an immigrant background "did not differ substantially from the population without an immigrant background".
Sines can contribute to European energy autonomy
António Costa conveyed this position on the European Union's energy strategy in Warsaw during a joint press conference with his Polish counterpart, Mateusz Morawiecki.
RRP expenditure outlay below forecast in 2021
According to the CFP, the implementation of expenditure in 2021 under the Recovery and Resilience Plan (RRP) was €410 million lower than forecast in the state budget.
Russia kicks out five staff from Portuguese embassy
The expulsion, which will have to take place within 14 days, was announced this morning to Portugal's ambassador in Moscow, the Portuguese foreign affairs ministry said in a statement.
Parkside Interactive to open centre in Portugal
The Austrian tech company for customised software development and UX design intends to integrate 50 new professionals in the new Porto centre during the first two years of activity.
Opinion Why Lisbon is becoming Europe’s Silicon Valley
Lisbon’s tech scene is bustling and the city is one of Europe’s fastest-growing tech ecosystems, making a name for itself as Europe’s Silicon Valley.
PM warns of ‘global challenge’ posed by Russia
António Costa expressed the view at a joint news conference with his Romanian counterpart, Nicolae Ciucâ, after the two leaders and their defence ministers signed a cooperation agreement in that area.
Sonae profits €42 million in the first quarter
The Group led by Cláudia Azevedo registers record sales of €1.7 billion in the first quarter, reduces debt and values the portfolio, managing to "overcome the challenges" caused by the war.
Fundamental to build new Lisbon airport asap
"Airport now. We need an airport. If it is somewhere or other, that should be a technical decision, but the airport has to go ahead for the good of all," said the mayor of Lisbon.
Metalworking sector exports hit record high in March
In accumulated terms, until March there was a year-on-year growth of 6.5% in exports compared to the same period of the previous year, for a total of €5.434 billion.
Hannover Messe’22 partnership ‘recognition’
"The attribution to Portugal of the status of partner country at the Hannover Messe is a recognition of the excellence of the work that Portuguese companies have done," said António Costa.
Interview Nordea AM opens hub in Oeiras. ‘Our commitment is long-term’
Hub in the Lisbon area will start with 40 employees, but the goal is to reach 100 people by the end of the year. The hub will serve the Danish financial group's European and global business.
More than 84,000 unemployed get jobs in Q1
Statistics Portugal (INE) said on Wednesday that 84,700, who were unemployed in the fourth quarter of 2021 transitioned into employment in the first quarter of 2022.
Portugal’s economic activity slows down in March
According to the INE, "the economic activity indicator, which summarises quantitative indicators that reflect the economy's evolution, slowed in March, after accelerating in January and February."
Yields up on treasury bill auction
Portugal had announced two Treasury Bills auctions with six and 12-month maturities, with a global indicative amount of between €1.5 and €1.75 billion.
Glovo invests €40M to expand delivery operation in Portugal
Glovo will move offices in both Lisbon and Porto in order to respond to this growth. The Portuguese market is in the top 3 in terms of investment by the company.
Annea raises €1 million in a new funding round
The startup uses Artificial Intelligence and Machine Learning to manage assets in the area of renewable energy, such as wind and solar farms.
Finnish company helps Delox raising 750,000 in funding round
The round was backed by the two existing investors, Bionova Capital and Caixa Capital, as well as two new investors, Kiilto Ventures from Finland and a Portuguese business angel.
GreenVolt acquires photovoltaic solar park in Romania
At stake is the LIONS Solar PV, in activity for almost a decade, with an installed capacity of 45 MWp, and operated until now by Samsung.
National airline TAP shed 1,480 more workers in 2021
This reduction marked an acceleration of the departure of workers that had already taken place in 2020, when the carrier lost 900 employees from a workforce of 9,006 at the end of 2019.
Bosch sales in Portugal grow 5% in 2021
German company will hire over 350 people and invest €100 million this year. Ovar and Aveiro units are being expanded.
Madeira’s FTZ’not selective’ – state’s appeal to EU court
Portugal argues that its aid scheme for the Madeira Free Trade Zone "is not selective", in an appeal to the General Court of the European Union.