Portugal loses 10% in IRC to tax havens
Profits transferred from multinationals operating in Portugal to lower taxation territories rose from €2.6 billion in 2015 to €3.4 billion in 2019.
Electric vehicle sales up 21.5% until November
In a statement, the ACAP - Portuguese Automobile Association said that there were 5,588 units in November, an increase of 12.3% compared to the same period in the previous year.
Chinese travel giant interested in Portugal
A managing director of the trip.com group revealed that the Chinese group wants to expand to Portugal.
Public debt fell by €6.1 billion in October
General government deposits declined €9.7 billion. Net of those deposits, public debt increased by €3.7 billion, to a total amount of €254.2 billion.
Alantra receives over 20 offers for VIC Properties assets
At stake is the biggest real estate deal of the year, as VIC Properties’ real estate projects are valued at €1.18 billion.
Portugal reduces indebtedness, no longer in worst three
The performance in 2022 has allowed Portugal to be removed from the "isolated position" of the third most indebted country in Europe, said the country's finance minister.
Securities regulator posts administrative offences
In a note published on its website, the CMVM said that it had on Wednesday posted "five decisions on administrative infraction proceedings, four of which were anonymous."
Parties cite importance of euthanasia bill
The governing party (PS), the main opposition party (PSD) and the IL cited the importance of the bill on medically assisted death currently in parliament to justify postponing the vote.
Unemployment rate falls to 6.1% in October
"In October 2022, the unemployment rate remained at 6.1%, similar to that seen the previous month," INE's 'Monthly Employment and Unemployment Estimates' noted.
Portugal to help Ukraine with €1M for energy crisis
"Portugal will make an extraordinary contribution to the comprehensive assistance package," announced the minister of foreign affairs, João Gomes Cravinho.
Portugal makes early debt repayment of €1.4 billion
IGCP held on Wednesday a buyback auction of two treasury bonds maturing in October 2023 and February 2024.
Portugal’s inflation drops to 9.9% in November
"Based on the information available until the date of the present press release, the Consumer Price Index (CPI) annual rate is estimated to have decreased to 9.9% in November (10.1% in October)," INE
Ores pays €26.2 million for three Continente hypermarkets
Ores, which results from a partnership between Bankinter and Sonae Sierra, adds three assets located in Guarda, Cantanhede and Ponte de Lima to its portfolio.
IBM to open another tech centre in Portugal
The company has centres in Tomar, Viseu, Fundão, Portalegre and Vila Real and everything points out that the choice will fall back to the centre of the country.
Mendonça Mendes becomes Costa’s deputy secretary of state
The current secretary of state for fiscal affairs is a strong man in the Socialist Party (PS), leading the socialist federation of Setúbal.
Economy minister dismisses two secretaries of state
The minister of economy dismissed João Neves and will do the same with Rita Marques over disagreements with IRC. António Costa prepares a mini reshuffle.
Portugal spent €3.56 billion on research & development
The European Union invested €328 billion in R&D last year, representing an increase of 6% compared to the previous year, according to Eurostat.
Footwear sector plan calls for focus on high-income markets
Portugal's footwear sector, which comprises some 1,500 companies employing around 40,000 people, exports over 95% of its output, to 172 countries on five continents.
Fujifilm installs new technical support centre in Gaia
This centre joins the endoscopy equipment repair activity, which Fujifilm had concentrated in the country about five years ago.
Lisbon is the world’s fourth best city for expats
In the Expat City Ranking 2022, Lisbon rose 14 places to 4th position in a list of 50 cities.
CMVM stresses need to avoid overlaps in action
Portugal's Securities Markets Commission (CMVM) stressed the importance of avoiding or if possible eliminating overlaps in the actions of different regulators.
NTT Data opens new hub in Guarda
After Braga, Castelo Branco, Coimbra, Porto, Évora and Óbidos - besides the headquarters in Lisbon - Guarda is where the new hub of the technology company is situated.
Nine place jump in European patent request ranking
"Despite the relatively low absolute number of patent applications, Portugal has the highest growth rate, and it is expected soon to overtake Luxembourg and the Czech Republic in this indicator."