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EU SEES PORTUGAL’S GDP GROWING 6.5% IN 2022

The European Commission says country’s GDP growth this year is explained mainly
by the current momentum in the tourism sector.


CEO EXPECTS TAP TO BE SUSTAINABLE, PROFITABLE IN 2025

Lusa, 12:30

According to Christine Ourmières-Widener, the first six months of the
restructuring plan show that the Portuguese airline is on the "right track",
despite facing some challenges.

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https://econews.pt/2022/07/14/ceo-expects-tap-to-be-sustainable-profitable-in-2025/
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INTERVIEW ‘WE CANNOT LOOK AT PORTUGAL AS A COUNTRY WITH CHEAP WAGES’

Ana Marcela, 15:31

Alexandre Vaz, ex-Mercedes-Benz.io, has a new project: JAy! He wants to help
corporate clients make a digital transformation and create digital hubs in
Portugal.

Startups

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https://econews.pt/Interview/we-cannot-look-at-portugal-as-a-country-with-cheap-wages/
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NATURAL GAS NETWORK ‘READY’ FOR RENEWABLE GASES

Lusa, 14:05

The head of Galp Natural Gas Distribution (GGND) said that the network was
"well prepared" to receive renewable gases, whose developments should be
accelerated, especially concerning biomethane.

Energy

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https://econews.pt/2022/07/14/natural-gas-network-ready-for-renewable-gases/
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TOURIST ACCOMMODATION HAS 2.5M GUESTS IN MAY

Lusa, 12:44

Compared to May 2019, increases in overnight stays were recorded in Madeira
(+18.8%), North (+6.5%) and Alentejo (+1.2%), with the largest decrease observed
in the Centre (-7.4%).

Tourism

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https://econews.pt/2022/07/14/tourist-accommodation-has-2-5m-guests-in-may-3-2-below-may-2019/
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EU SEES COUNTRY’S 2022 CONSUMER INFLATION AT 6.8%

Lusa, 12:16

According to the commission's interim macroeconomic forecasts, the Harmonised
Index of Consumer Prices (HICP) in Portugal is expected to rise from 0.9% last
year to 6.8% in 2022.

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https://econews.pt/2022/07/14/european-commission-sees-countrys-2022-consumer-inflation-at-6-8/
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FLIGHT CANCELLATIONS AT COUNTRY’S AIRPORTS HAVE PEAKED

Lusa, 12:14

"Lisbon is recovering faster than other airports that are recovering more
slowly. In a fortnight we are already seeing improvements," the chief executive
officer (CEO) of TAP said this Thursday.

Tourism

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https://econews.pt/2022/07/14/flight-cancellations-at-countrys-airports-have-peaked-tap-ceo/
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EDPR INCREASES CLEAN ENERGY PRODUCTION BY 16% IN H1

ECO News, 11:16

In the first six months, EDPR's installed capacity increased to 13.8 gigawatts
while the volume of clean energy generated grew 16%.

Companies

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https://econews.pt/2022/07/14/edpr-increases-clean-energy-production-by-16-in-h1/
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OPINION PORTUGUESE STARTUP ECOSYSTEM: LET’S RAISE THE BAR?

Nuno Sá Couto, 9:20

Characterized by small-scale but fast-paced growing companies, the Portuguese
startup ecosystem is extremely important to the economy as it accounts already
for over 1% of the country’s GDP.

Startups

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https://econews.pt/opinion/portuguese-startup-ecosystem-lets-raise-the-bar/
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IBERIAN GAS PRICE CAP DOES NOT BENEFIT ENERGY TRANSITION

Lusa, 9:13

The president of the Portuguese Renewable Energy Association (APREN) believes
the Iberian gas price cap mechanism used in electricity production will not
"benefit the energy transition".

Energy

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https://econews.pt/2022/07/14/iberian-gas-price-cap-does-not-benefit-energy-transition/
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EU APPROVES €23B FUNDING TO ATTRACT INVESTMENT TO PORTUGAL

Lusa, 13 July 2022

Brussels accepted an agreement with Portugal for cohesion policy funds and
maritime affairs, fisheries and aquaculture, worth €23 billion.

EU

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https://econews.pt/2022/07/13/eu-approves-e23b-funding-to-attract-investment-to-portugal/
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AIRBNB TO COLLABORATE WITH LISBON TO ATTRACT DIGITAL NOMADS

ECO News, 13 July 2022

Lisbon ranks alongside destinations such as the Canary Islands, Bali, the
Caribbean, Buenos Aires, Dubai and Malta.

Society

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https://econews.pt/2022/07/13/airbnb-will-collaborate-with-20-destinations-to-attract-digital-nomads-lisbon-is-one-of-them/
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WILDFIRES CAUSE WATER CUTS, POWER OUTAGES IN PORTUGAL

Lusa, 13 July 2022

Portugal is in a contingency situation until Friday due to weather forecasts,
which indicate the worsening of the fire risk, with temperatures that may exceed
45º Celcius in some parts of the country.

Society

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https://econews.pt/2022/07/13/wildfires-cause-water-cuts-power-outages-in-centre-of-country/
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MINISTER RECOGNISES ‘STRUCTURAL PROBLEMS’ AT LISBON AIPORT

Lusa, 13 July 2022

"It is obvious to everyone that we have problems at Humberto Delgado Airport...
cyclical and structural problems," stated the minister for infrastructure, Pedro
Nuno Santos.

Society

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https://econews.pt/2022/07/13/minister-recognises-structural-cyclical-problems-at-lisbon-airport/
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GALP’S REFINING MARGIN SOARS FROM $6.9 TO $22.3/BARREL IN Q2

Luís Alexandre, Lusa, 13 July 2022

The Portuguese company produced less oil in the second quarter but saw its
refining margin rise from $6.9 to $22.3 per barrel of oil equivalent (BOE).

Companies

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https://econews.pt/2022/07/13/galps-refining-margin-soars-from-6-9-to-22-3-barrel-in-q2/
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RESOLUTION FUND REJECTED 1 IN 4 NOVO BANCO ASSETS SALES

Lusa, 13 July 2022

The Resolution Fund announced that it carried out a scrutiny of operations
submitted to it by Novo Banco, adding that it did not authorise "one in four"
asset sale transactions.

Banking

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https://econews.pt/2022/07/13/resolution-fund-rejected-1-in-4-novo-banco-assets-sales/
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EUROPE’S LARGEST FLOATING SOLAR FARM OPENS ON FRIDAY

Lusa, 12 July 2022

The Alqueva project is "the largest floating solar park on a dam reservoir in
Europe", according to EDP.

Energy

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https://econews.pt/2022/07/12/europes-largest-floating-solar-farm-opens-in-alqueva-on-friday/
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PORTUGAL: WORLD’S 2ND BEST COUNTRY FOR NEARSHORING

ECO News, 12 July 2022

Only the Czech Republic surpasses Portugal in this regard, according to the
latest Savills "impact" study.

Economy

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https://econews.pt/2022/07/12/portugal-is-the-worlds-second-most-attractive-country-for-nearshoring-offshoring/
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ALGARVE HOTELS SEE JUNE OCCUPANCY RATES CLOSE TO 2019 LEVELS

Lusa, 12 July 2022

The Irish and British markets showed the largest increases compared to June
2019. The biggest decreases were in the German and domestic markets.

Economy

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https://econews.pt/2022/07/12/algarve-hotels-see-june-occupancy-rates-close-to-2019-levels/
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EDP ACQUIRES POLISH ZIELONA-ENERGIA.COM

ECO News, 12 July 2022

The Polish company Zielona-Energia.com brings EDP "a portfolio of clients from
various regions of Poland," including schools, corporate offices and
agricultural spaces.

Companies

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https://econews.pt/2022/07/12/edp-acquires-polish-zielona-energia-com/ Copiar

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SPANISH PAYFLOW ENTERS THE PORTUGUESE MARKET

ECO News, 12 July 2022

Companies from the Lanidor group or the Dorisol hotel group are some of their
first clients in Portugal, but the ambition is to grow the operation.

Companies

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https://econews.pt/2022/07/12/spanish-payflow-enters-the-portuguese-market/
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AUTOEUROPA IS ON TRACK FOR ITS SECOND BEST YEAR EVER

ECO News, 12 July 2022

Palmela plant revises its production forecast for 2022, increasing from 200,000
to 230,000 vehicles.

Companies

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https://econews.pt/2022/07/12/autoeuropa-is-on-track-for-its-second-best-year-ever/
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PORTUGAL IS THE WORLD’S FOURTH BEST COUNTRY FOR EXPATRIATES

ECO News, 12 July 2022

Portugal climbed one position in the Expat Insider ranking. Expatriates praise
quality of life, but make negative assessment on career prospects.

Society

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https://econews.pt/2022/07/12/portugal-is-the-worlds-fourth-best-country-for-expatriates/
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TAP CEO EXPECTS CANCELLATIONS UNTIL MID-AUGUST

ECO News, 12 July 2022

TAP's flight cancellations are expected to continue until mid-August. This is
the expectation of the airline’s CEO, Christine Ourmières-Widener.

Companies

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https://econews.pt/2022/07/12/tap-ceo-expects-cancellations-until-mid-august/
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