IAG chief sees Portugal’s TAP as great fit, optimistic about privatisation
By Sergio Goncalves LISBON (Reuters) -Portugal’s soon to be privatised TAP airline would fit right into IAG’s profile as a developer of airlines and hubs, also strengthening its existing operations, the CEO…
Portugal’s rents hit record high amid cost of living crisis
LISBON (Reuters) – Housing rents in Portugal jumped nearly 11% to a record high in the last quarter of 2022, official data showed on Wednesday, adding to the soaring cost of living.…
Portugal’s Delta Cafes founder Rui Nabeiro dies at 91
LISBON (Reuters) – Rui Nabeiro, the founder of Portugal’s largest roasted coffee retailer Delta Cafes and one of the country’s top entrepreneurs, has died at the age of 91, the company said…
Former owner of Portugal’s TAP denies overpaying for Airbus planes
LISBON (Reuters) – A former owner of Portugal’s flag carrier TAP, David Neeleman, denied on Friday making a deal in 2015 to overpay for Airbus planes after prosecutors said last month they were investigating…
Portugal’s February inflation slows down to 8.2%
LISBON (Reuters) – Portuguese consumer prices rose 8.2% year-on-year in February in a slowdown from 8.4% reported in the previous month, flash data from National Statistics Institute (INE) showed on Tuesday. Still,…
Portugal’s central bank cuts 2023 growth forecast to 1.5%
By Sergio Goncalves LISBON (Reuters) -The Bank of Portugal on Friday lowered its 2023 economic growth forecast to 1.5% from 2.6% predicted in June, expecting a sharp slowdown after this year’s 6.8%…
Portugal’s president faces decision over euthanasia after lawmakers’ vote
By Catarina Demony LISBON (Reuters) – Portugal’s parliament voted again on Friday in favour of decriminalising euthanasia in the Catholic-majority country but the bill, which has already been vetoed by the president…
Portugal’s Q3 growth accelerates with consumption but future not shining
By Sergio Goncalves LISBON (Reuters) – Portugal’s economy expanded 0.4% in the third quarter from 0.1% in the previous quarter, boosted by higher private consumption despite inflation at three-decade highs, but exports…
Portugal’s 12-month inflation at 9.9% in November, slows down vs Oct
LISBON (Reuters) – Portuguese consumer prices rose 9.9% year-on-year in November, slowing down slighly from the 10.1% reported in the previous month, flash data from the National Statistics Institute (INE) showed on…
Portugal’s parliament passes 2023 budget bill on final reading
LISBON (Reuters) – Portugal’s parliament on Friday passed the majority Socialist government’s 2023 budget, which aims to further slash the deficit and debt even as economic growth is expected to slow down…
ECB’s Centeno sees more consolidation in Portugal’s banking sector
By Sergio Goncalves and Andrei Khalip LISBON (Reuters) – Further consolidation of Portugal’s banking sector is inevitable, European Central Bank member Mario Centeno told Reuters on Wednesday, calling “remarkable” the recent progress…
Portugal’s finance minister backs planned EU debt rule flexibility
By Sergio Goncalves and Aislinn Laing LISBON (Reuters) – Portugal’s finance minister has backed the European Commission’s proposal to change the EU’s fiscal rules to allow governments to negotiate individual debt reduction…
Portugal’s October inflation revised slightly lower to 10.1%
LISBON (Reuters) – Portuguese consumer prices rose 10.1% year-on-year in October, their fastest pace since May 1992, final official data showed on Friday, in a slight downward revision of an earlier estimate…
Portugal’s airline TAP turns to rare profit as revenues soar
LISBON (Reuters) – Portuguese airline TAP posted a rare net profit in the third quarter on Wednesday on strong revenue and helped by currency hedging, but said visibility for next year remained…
Portugal’s quarterly growth accelerates, consumption defies inflation
LISBON (Reuters) -Portugal’s economic growth accelerated to 0.4% in the third quarter from the previous quarter’s 0.1% thanks to an unexpected rise in private consumption despite high inflation, although annual expansion slowed…
Portugal’s parliament approves budget bill on first reading
LISBON (Reuters) – Portugal’s parliament easily approved the majority Socialist government’s 2023 budget bill on its first reading on Thursday, paving the way for planned further deficit and debt reductions despite a…
Portugal’s PM urges ECB to be prudent in raising interest rates
By Sergio Goncalves LISBON (Reuters) – Portugal’s Prime Minister Antonio Costa has urged the European Central Bank (ECB) to be prudent in raising interest rates from abnormally low levels, despite not expecting…
Portugal’s draft budget targets lower deficit despite steep slowdown
By Sergio Goncalves LISBON (Reuters) -Portugal unveiled its draft 2023 budget on Monday, projecting a steep slowdown in economic growth with high energy and food prices expected to weigh on private consumption,…
Strike cancels 60 flights at Portugal’s Lisbon airport
By Sergio Goncalves LISBON (Reuters) – Around 60 flights were cancelled at Lisbon airport on Sunday, the last day of a strike by handling workers that has brought more disruption to summer…
Portugal’s July inflation rise at fastest pace since Nov 1992
(Reuters) – Portuguese consumer prices jumped 9.1% year-on-year in July, the fastest pace since November 1992, up from 8.7% in June, flash data from the National Statistics Institute (INE) showed on Friday.…
Portugal’s Millennium bcp first-half profit jumps five-fold
By Sergio Goncalves LISBON – Portugal’s largest listed bank, Millennium bcp, reported on Wednesday a five-fold rise in first-half net profit, boosted by solid core income and strict cost cutting, despite high…
Portugal’s Galp pays 140 million euros to get full ownership of Titan Solar
MADRID – Portugal’s Galp Energia has bought the 24.99% it does not already own of Titan Solar, a renewable energy joint venture created with Spanish engineering firm ACS in 2020, the company…
Portugal’s quarterly growth accelerates, contrasts with EU slowdown
(Reuters) – The pace of Portugal’s economic growth doubled to 11.9% in the first quarter from a year earlier and accelerated from the preceding quarter, in contrast to a slowdown in Europe,…
Portugal’s central bank opens its vaults for rare glimpse of gold bars
By Sergio Goncalves and Pedro Nunes LISBON – Portugal’s central bank has opened up its heavily guarded vaults in a small commuter town near Lisbon, giving a rare glimpse of where some…
Portugal’s first-quarter jobless rate drops to 5.9%
(Reuters) – Portugal’s unemployment rate in the first quarter fell to 5.9%, from 7.1% a year earlier, and from 6.3% in the preceding three months, official data showed on Wednesday. The youth…
Portugal’s church abuse panel gathers over 200 testimonies in one month
By Catarina Demony LISBON – A commission investigating child sexual abuse in the Portuguese Catholic Church said on Thursday more than 200 alleged victims had already been in touch to share their…
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