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        News

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        By Christopher Graeme
        In Banks, News, Novo Banco, Resolution Fund
        Posted 10 Junho, 2024

        Novobanco shareholders in share capital shakeup

        Portugal’s bank Novobanco has informed that it was decided at its general shareholders meeting on Friday to reorganise the bank’s respective capital. In a communique posted on the securities [...]

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        0
        By Christopher Graeme
        In News, Public deficit and Budget deficit, Public Finances
        Posted 10 Junho, 2024

        Government has budget under control says Prime Minister

        Portugal’s Prime Minister, Luís Montenegro, has brushed off warnings from its central bank governor that the government’s ambitious wage hikes and tax cuts could put the country back in the red. [...]

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        0
        By Christopher Graeme
        In News, Private healthcare groups, Securities
        Posted 7 Junho, 2024

        Investors lend €60 million to CUF

        The private healthcare company CUF, which has a string of private hospitals and clinics throughout Portugal, has successfully completed a financing operation bringing in €60 million from 2,750 [...]

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        0
        By Christopher Graeme
        In News, Technology and business parks
        Posted 7 Junho, 2024

        Technology park expansion plan for Óbidos

        Óbidos Municipal Council has sold two new parcels of land at auction for construction at Óbidos Parque – Parque Tecnológico de Óbidos (Óbidos Technology Park). Both parcels of land were [...]

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        0
        By Christopher Graeme
        In Companies, Investment, News
        Posted 7 Junho, 2024

        Swiss company could create up to 400 jobs in Portugal

        The Swiss group Conextivity, which produces connectors and cables, and chose Portugal for a new production factory with the eventual creation of up to 400 jobs, officially inaugurated it this [...]

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        0
        By Christopher Graeme
        In Bank of Portugal, Banks, News, Novo Banco
        Posted 7 Junho, 2024

        Bank of Portugal not informed by Resolution Fund on the purchase of 4.14% of Novobanco

        The Resolution Fund set up to provide liquidity to Novobanco in the wake of the collapse of Banco Espírito Santo in 2014, recently invested €128.67 million to acquire 4.14% of the capital of [...]

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        0
        By Christopher Graeme
        In Bank of Portugal, News, Public Finances, State Budget
        Posted 7 Junho, 2024

        Portugal at risk of running budget deficit

        The Bank of Portugal warned today that government measures approved over the last few weeks, and others currently under discussion in parliament, could put Portugal’s public finances back in the [...]

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        0
        By Christopher Graeme
        In Corruption, ICPT, News, Politics
        Posted 6 Junho, 2024

        Is Portugal’s political system broken? if so, is it worth saving in its current form?

        Politics is important because it is the only way to counter the idea that politics is poor, politicians are corrupt and self-serving, that all politicians are the same, and the idea that politics [...]

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        0
        By Christopher Graeme
        In ANA - Aeroportos de Portugal, Infrastructure, New Airport, News
        Posted 5 Junho, 2024

        Government begins proceedings with ANA to speed up new airport process

        Portugal’s Ministry of Infrastructures has begun taking steps with the airports management concession holder ANA – Aeroportos de Portugal to speed up the process to build the future new [...]

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        0
        By Christopher Graeme
        In News, Portugal Ventures, Start-Up, Venture Capital
        Posted 5 Junho, 2024

        Portuguese State loses one-third of investment in startups

        The State-owned venture capital entity that supports Portuguese startups, Portugal Ventures, has accumulated losses of €123.7 million from almost 300 divestments made since it was set up in 2012. [...]

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