ECO News - Portuguese Economy

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ECO News - Portuguese Economy ECO News is the English version of ECO, an online economic newspaper which focuses on the Portuguese

Consumer confidence indicator at highest level in over two years
27/03/2024

Consumer confidence indicator at highest level in over two years

Confidence indicators increased in services and slightly in trade, while they fell moderately in manufacturing and construction and public works.

TAP returned to losses in the fourth quarter. 2023 ended with a profit of 177 million.
27/03/2024

TAP returned to losses in the fourth quarter. 2023 ended with a profit of 177 million.

The airline achieved a net result of 177 million euros in 2023, below the 203 million recorded up to September. A loss of 26.2 million in the last quarter impacted the year's performance.

Portugal: Voters didn’t go with useful voting, far-right biggest winner
11/03/2024

Portugal: Voters didn’t go with useful voting, far-right biggest winner

The Portuguese didn't respond to the calls for a useful vote in Sunday's legislative elections, resulting in the "most fragmented parliament ever" and with Chega being the "big winner".

Retailer Jerónimo Martins to invest €1.2B, entry into Slovakia in 2024
07/03/2024

Retailer Jerónimo Martins to invest €1.2B, entry into Slovakia in 2024

Portugal's retailing giant Jerónimo Martins plans to invest €1.2 billion this year, an amount that "also takes into account the initial investment" to launch operations in Slovakia.

Civil engineering group Mota-Engil sees record €113M profit in 2023
05/03/2024

Civil engineering group Mota-Engil sees record €113M profit in 2023

The year 2023 was "characterised by a strong operating performance, achieving record levels of production in the Engineering and Construction (E&C) area", it stressed.

Managing uncertainty and accelerating the path to a decarbonized world
05/03/2024

Managing uncertainty and accelerating the path to a decarbonized world

It is critical to accelerate investment and modernization of electrical infrastructure to accompany the renewables growth strategy, create stable and predictable regulatory contexts.

One week before elections two main parties convinced of victory
05/03/2024

One week before elections two main parties convinced of victory

More than 10.8 million Portuguese are expected to vote on Sunday to elect 230 deputies to the Portuguese Parliament. Eighteen political forces, 15 parties and three coalitions are running.

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Econews is the English version of ECO, an online economic newspaper which focuses on the Portuguese Companies, Banking, Markets and Politics.