Archives

The US ratings agency Moody’s has increased the debt rating of Portuguese airline TAP from B2 to B1 with a stable outlook ahead of its privatisation next year. It said that its “strong and [...]

Portuguese scientists are leading the way in Europe in oceans innovation and research but the EU needs to create a European Oceans Agency to coordinate and capitalise on the economic [...]

Some legal beagles in Portugal are calling into question the legality of the Finance minister, Fernando Medina’s plan to set up a fund for development projects using budget surpluses as a ball to [...]

The company that runs Portugal’s airports, ANA – Aeroportos de Portugal, has decided to hike airport taxes by a total of 14.55% for all of its airports from 2024, the equivalent of €1.60 [...]

Portugal’s public debt fell for the second consecutive month in September to €279.0Bn according to data from the Bank of Portugal, to a ratio of debt to GDP of 107.5%. The reduction in debt in [...]

Galp Energy closed the third quarter of 2023 with a profit of €210 million, up 12% like-for-like on 2022, but below the €258 million posted in Q2 of 2023. The accumulated results for the first [...]

Portugal’s multinational energy provider EDP achieved a net result of €946 million, an 83% increase on the same period last year when it posted a €518 million result. According to EDP, the [...]

Portugal’s Novobanco is preparing to be floated on the Lisbon stock market in 2024 according to its CEO, Mark Bourke. However, he has warned that investor appetite may no be as whetted as it [...]

Portugal’s new immigration agency AIMA (Agency for Integration, Migrations and Asylum) officially began operations this week replacing the former Portuguese borders and immigration service SEF. [...]

Contracts signed with Portugal’s Institute for Housing and Urban Regeneration (IHRU) have guaranteed that properties done up under the regime will be eligible for a lower VAT rate of 6% It means [...]