LISBON, Nov 26 Portugal's parliament on Thursday passed the minority Socialist government's 2021 budget, which bets on a steep rise in public investment to relaunch growth of the coronavirus-battered economy while also increasing subsidies and pensions.
LISBON Rebuilding European industry and making it less reliant on China and other nations should be a priority after the coronavirus pandemic but the EU should avoid protectionist policies, Portugal's prime minister said on Monday.
LISBON, Nov 19 Portuguese telecoms firm NOS will cut investments to a minimum and carry out a cost-cutting restructuring in 2021 if the rules of a 5G frequency license auction the provider deems 'unfair' are not reversed, its CFO said on Thursday.
LISBON Portugal's Novo Banco, which emerged from the ruins of the collapsed Banco Espirito Santo, reported a 49% leap in its net loss for January-September to 853 million euros ($1 billion)following provisions to discontinue its business in Spain.
LISBON, Nov 16 Portugal's Novo Banco, which emerged from the ruins of the collapsed Banco Espirito Santo, reported a 49% leap in its net loss for January-September to 853 million euros ($1 billion)following provisions to discontinue its business in Spain.
LISBON, Nov 12 Portugal's largest retailer Sonae eked out a 1.6% rise in third-quarter net profit on robust sales as the economy emerged out of a lockdown, helping it rebound from a loss in the preceding three months due to the COVID-19 pandemic.
LISBON Portugal's telecoms regulator said on Friday it would start its delayed auctions of 5G frequency licences in November, even as major players warned they would go to court to challenge rules they said unfairly favoured new entrants.
LISBON, Nov 6 Portugal's telecoms regulator said on Friday it would start its delayed auctions of 5G frequency licences in November, even as major players warned they would go to court to challenge rules they said unfairly favoured new entrants.
LISBON, Nov 5 Portugal will resume its efforts to have a balanced budget after the COVID-19 pandemic is overcome to maintain its external credibility, Claudia Joaquim, the secretary of state for budget at the finance ministry, said on Thursday.
LISBON, Nov 4 Portuguese telecoms firm NOS on Wednesday posted a near 8% drop in third-quarter net profit to 44.1 million euros ($51.7 million), but its customer numbers rose in what the company saw as a sign of recovery after the impact of the COVID-19 pandemic.
Ethiopian Prime Minister Abiy Ahmed's political slogan is "medemer" - or "coming together". But some analysts say reforms meant to unify Ethiopia have inflamed simmering ethnic and political divisions and risk unravelling Africa's second most populous nation.