Tourism revenues should be 4-5% higher than 2019
In 2019, a record year for national tourism activity, Portugal achieved tourism revenues of more than 18 billion euros.
Public sector surplus of €2.3B to August
In comparison with the first eight months of 2019, when the effects of the pandemic were not yet being felt, the cumulative surplus shows a smaller increase of €1.899 billion.
President pessimistic on economy in near future
"The end of the previous year was very good and the first quarter was very good. The second quarter stabilised, but next year's figures could be much more complicated," he warned.
Country ahead in switch to renewables
Before an audience of teachers, students and businessmen of various nationalities, Marcelo Rebelo de Sousa presented Portugal as a country that "is ahead" when it comes to sustainability.
Tourism would be bigger if Lisbon airport has been resolved
When the Tourism Strategy 2027 (ET27) was designed in 2017, it was already expected that the new Lisbon airport would not be ready by 2027, when the aim is to reach €27 billion in tourism revenue.
States should apply equal sanctions on illegal fishing in EU
Five member states (Germany, Lithuania, Malta, Portugal and Sweden) said they had only carried out the most basic checks, while Belgium, Italy, Romania and Finland did not report anything.
Portugal: €125 support to all families paid from 20 October
At stake is the exceptional income support that will be €125 euros per adult and €50 euros per dependent up to 24 years of age (inclusive), or without age limit in the case of dependents by disability
Government creates group to develop offshore energy plants
The government has set the ambition to achieve an installed capacity of offshore wind of 10 gigawatts (GW) in 2030, which will be allocated through auctions.
Portugal’s public debt below 120% this year
INE's latest report points to a public debt ratio below 120% this year. The deficit forecast remains at 1.9%.
iCapital hires Vanda de Jesus to lead operation in Portugal
The professional will supervise and coordinate a team of over 150 people.
Opinion Reforms in Ukraine
We are looking forward to developing the cooperation between Portugal and Ukraine in the post-war reconstruction of Ukraine’s economy and infrastructure.
WS will have a capacity for 70,000 participants in 2022
The Tech Summit will take up more space compared to 2019, although no expansion work was done last year. The estimated number of visitors is 70,000.
TAP’s integration into large group would create ‘resilience’
"Being part of a large group would be a source of resilience for the future," said Ourmières-Widener, during a meeting with the foreign press in Lisbon.
Deficit expected to fall to 1.3% thas to inflation
The country's deficit is expected to be 1.3% this year, 0.6 percentage points below the government's target, due to the inflation, according to CFP estimates.
GDP growth upgraded to 6.7% this year
The Public Finance Council (CFP) forecast an acceleration of growth in the Portuguese economy to 6.7% this year from 4.9% in 2021.
Interview Olympus invests €32 million in a factory located in Coimbra
With the new space, with over 15,000 m2 and 32 million invested, plus 2 million in photovoltaic panels, Olympus wants to double its repairs of medical devices in two years.
Immunefi raises $24 million in investment round
The Lisbon-based startup aims to make the cryptocurrency industry safer from hackers.
Codacy raises €15 million in Series B round
The Series B round was led by the Sonae group's venture capital company. Codacy will hire over 50 people by the end of this year.
EDP partners with Amazon to build a solar park in Brazil
The 122 MW solar farm will create 850 jobs in the construction phase and will be developed by EDP Brasil and EDP Renováveis for the North American company.
Barkyn acquires Spanish dog food company
The Portuguese startup now has an office in Barcelona and the team grows to 65 people with the absorption of workers from Happets.
Interview Airbus GBS sets up hub in Coimbra
The aeronautical company, which already employs 350 people in its Lisbon office, is anticipating to maintain the same pace of hiring next year.
Brussels approves €5.2B hydrogen project for 13 countries
In the case of Portugal, it involves the construction of infrastructure for hydrogen, which will be the responsibility of the Portuguese group in the chemical industry sector Bondalti.
Government expects quick approval of EU windfall tax
Portugal would support the European Commission's proposal to tax extraordinary profits of energy companies by at least 33%.