Government negotiates loan for injection into Novo Banco
The PS government is trying to arrange finance so that the Resolution Fund can channel another tranche of money into Novo Banco. The bank that emerged from the BES debacle
Portugal has 3rd slowest growth in eurozone
“One of the worst in the world and the 3rd worst in the eurozone, ahead only of Italy and Greece. This is the balance of growth of the Portuguese economy
30% of Portuguese companies in states of “significant debt”
Roughly 30% of Portuguese companies suffered “significant defaults” in 2020 despite the various State led injections of liquidity and fiscal stimuli designed to “atentuate the economic effects provoked by the
New butterfly discovered on Alentejan coast
A new species of nocturnal butterfly has been ‘discovered’ on the Alentejan coast. Ypsolopha milfontensis can be found between Vila Nova de Milfontes and Cabo Sardão. For how long though
47 outbreaks of Covid-19 in Portugal’s creches and primary schools during first 2 weeks of reopening
Portugal’s health authorities have reported 47 ‘outbreaks of infection’ in creches and primary schools in the period March 15-26. In other words, in little more than 10 days of reopening
Authorities threaten “crack down” on restaurant/ café terraces closing those ‘violating rules of sanitary safety’
COMMENT: Thursday afternoon has seen the nation’s media release online warnings that the Ministry of Internal Administration “admits it will close terraces (of cafés and restaurants) that violate the rules
Slight increase in hospital admissions as President signals end for Portugal’s State of Emergency
Today’s Covid bulletin sees a slight increase in the number of people being treated in hospitals up and down the country, and in ICUs, but Portugal’s president has said the
Sines ‘gamechanging’ €1.3 billion investment plan “attracts no bidders”
The PS government’s hugely ambitious plan to transform Sines into Europe’s premier container terminal – capable of moving more than seven million ultra large containers per year (click here) –
‘Portugal woke up beautiful’ – President Marcelo
President Marcelo Rebelo de Sousa has hailed this week as the moment Portugal ‘woke up beautiful’: another 650,000 children returned to schools up and down the country, cafés and restaurants
Landmark case against Attorney General enters Supreme Tribunal
A landmark case against the Attorney General has been delivered to the Supreme Tribunal this week, backed by former Attorney Generals. The case has been drawn up by the Syndicate