Business news, startups, investments, and corporate developments in Portugal.
Elena Duran started 55+ in five Greater Lisbon parishes in 2018. It now runs in two metropolitan areas, in Aveiro and across the Algarve, has logged more than 60,300 hours of work, and in Leiria and the Algarve councils pay for clients who cannot.
Twelve million euros for growers who cannot sell this harvest, plus a 100 million euro credit line for cooperatives. Leitao Amaro calls it a one-off and promises a permanent fund, while Casa do Douro calls the support not ideal but the possible.
The ANMP's renewable-energy section approved a Tax Authority formula for dividing IMI revenue where a dam, wind park or solar plant crosses a municipal boundary, and will ask to join the technical committee that decides the acceleration zones.
An enforcement action and a criminal complaint against the terminal operator's managers. FlixBus says a 20 August access date already slipped, its 60-day capacity declarations are about to expire, and there is still not one journey on sale from Sete Rios.
Maria da Graça Carvalho told Lusa on Friday that the restructuring is practically ready and heading for the Council of Ministers. The first concrete detail points one way: decision-making moves from the regional offices to the centre.
Pedro Duarte told reporters on Friday that the builder of the second phase has missed its deadlines and has not met its obligations. Metro do Porto, which is the client, has not answered questions about the new date or about money beyond the recovery plan.
The agency moved the long-term ratings up a notch on Friday evening and reset the outlook to Stable from Positive. Its own regression model produced the higher score and the committee applied no adjustment. Debt is forecast at 87 percent of GDP this year.
