Electric vehicle sales up 21.5% until November

Lusa,

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.


Portugal loses 10% in IRC to tax havens

ECO News,

Profits transferred from multinationals operating in Portugal to lower taxation territories rose from €2.6 billion in 2015 to €3.4 billion in 2019.



Public debt fell by €6.1 billion in October

ECO News,

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.



Portugal reduces indebtedness, no longer in worst three

Lusa,

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

Lusa,

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

Lusa,

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

Lusa,

"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

Lusa,

"Portugal will make an extraordinary contribution to the comprehensive assistance package," announced the minister of foreign affairs, João Gomes Cravinho.



Portugal’s inflation drops to 9.9% in November

Luís Alexandre,

"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

ECO News,

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

ECO News,

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.



Economy minister dismisses two secretaries of state

ECO News,

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

Luís Alexandre,

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

Lusa,

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.




CMVM stresses need to avoid overlaps in action

Lusa,

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

ECO News,

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.