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    Archives

    Monthly Archive for: "Agosto, 2020"
     Portugal launches Covid-19 related travel insurance programme
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    By Fernando Caetano
    In News, Tourism
    Posted 31 Agosto, 2020

    Portugal launches Covid-19 related travel insur...

    For international travellers looking to visit Portugal, or who have booked a trip that’s still under way, there is a new travel insurance program providing COVID-19-related coverage. Promoted by [...]

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     Ryanair increases Faro flights as threat to air bridge looms
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    By Fernando Caetano
    In Aviation, News, Tourism
    Posted 31 Agosto, 2020

    Ryanair increases Faro flights as threat to air...

      Low cost airline Ryanair is to increase flight frequencies on 12 routes from the UK to Faro from September despite the fact that the UK may cancel its air bridge with Portugal after a [...]

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     Lisbon stock market losing listed companies
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    By Fernando Caetano
    In Markets, News
    Posted 31 Agosto, 2020

    Lisbon stock market losing listed companies

    Public acquisition offers (PAO) launched for Sonae Capital, Sonae Industria and Media Capital are threatening to reduce the number of companies listed on Portugal’s stock market Euronext. [...]

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     Banks loan €70 million to Efacec
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    By Fernando Caetano
    In Companies, Energy, News
    Posted 31 Agosto, 2020

    Banks loan €70 million to Efacec

    Portugal’s five main banks, CGD, BCP, BPI, Montepio and Novo Banco lent around €70 million over a four year period to the Portuguese electrical installations and technology company Efacec. The [...]

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     Audit blames BES for Novo Banco €1Bn black hole
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    By Fernando Caetano
    In Banks, Finance, News
    Posted 31 Agosto, 2020

    Audit blames BES for Novo Banco €1Bn black hole

    BES ‘Cooked the books’ The final report of an audit by Deloitte on the financial state of Novo Banco has placed the blame for the ruinous state of the bank’s finances squarely at the door of the [...]

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     Portugal’s GDP suffers fifth largest fall from OECD countries
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    By Fernando Caetano
    In Economy, Exports, News
    Posted 27 Agosto, 2020

    Portugal’s GDP suffers fifth largest fall from ...

    Portugal’s economy was among that of five countries whose economic performance in the OECD which faired the worst in the second quarter of the year. The performance was based on statistics [...]

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     Lisbon property prices up nearly 3% in 2020
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    By Fernando Caetano
    In News, Property, Real Estate
    Posted 27 Agosto, 2020

    Lisbon property prices up nearly 3% in 2020

    House prices in the historic center of Lisbon increased 2,9% in the first half of 2020 compared to the previous semester, according to the Price Index of the Historic Center of Lisbon published [...]

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     Banco de Fomento sets up strict credit access rules
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    By Fernando Caetano
    In Banks, Companies, News, Start-Up
    Posted 27 Agosto, 2020

    Banco de Fomento sets up strict credit access r...

    Portugal’s new investment bank Banco de Fomento will only be able to lend to companies that can prove that they cannot access funds in any other way. It forms one of a number of regulations or [...]

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     Call for new impulse in China-Portugal relations
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    By Fernando Caetano
    In Internationalization, News, Trade
    Posted 27 Agosto, 2020

    Call for new impulse in China-Portugal relations

    Despite all the early pandemic mutterings of Portugal’s need to reduce dependence on China, great space has been given this week to news of a ‘new impulse’ in Chinese-Portuguese relations. Jorge [...]

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     Mota-Engil sells 30% of company to mystery new partner
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    By Fernando Caetano
    In Companies, Infrastructure, News
    Posted 27 Agosto, 2020

    Mota-Engil sells 30% of company to mystery new ...

    Portugal’s largest and most important construction company in terms of international reach and projects has sold 30% of its share capital to an “unspecified overseas player” in the same sector. [...]

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