BPN ex-directors bagged millions in compensation
Parvalorem, the Portuguese State-owned company that inherited the toxic assets and employees from the failed Banco Português de Negócios (BPN), has paid out between €200-€350 million in [...]
Efacec, Novobanco, VIC and TAP on M&A list for 2023
The Portuguese public transportation and electrical systems company Efacec, the US asset management company-owned Novobanco, real estate company VIC, and Portuguese publicly owned airline look [...]
Number of civil servants and state employees hits new maximum
The number of people employed by the Portuguese State hit a new record of 741,698 – the maximum since statistics began in 2011. The number refers to figures released for the two quarters up [...]
State financial companies bring in €515M in 2020
Portugal’s main public financial companies made €550 million in profits in 2020, down €358.5 million than in 2019. The report presents a detailed portrait of the patrimonial situation of the 143 [...]
