Business news, startups, investments, and corporate developments in Portugal.
Ten billion euros goes to Autoeuropa, Martorell, Pamplona and the Sagunto battery plant, and the group's Iberian production chief says a record million vehicles is reachable next year. August output here fell 45 percent.
The agency was barred from competing for two years after leaving the DS Seguros network and paid nothing for the wait. Enforcing the penalty, the appeal court held, was an abuse of right. ECO reports at least 59 similar actions against former agents.
Twenty-seven tickets in the first three days, detours of up to 57 kilometres on some runs, and a mobility councillor who says he is measuring the policy by accidents that do not happen.
Caixa Banco de Investimento and Servulo e Associados billed that between them for the 13.7 percent REN stake. The ministry also explains the four million euro gap between what it lent Parpublica and what was paid.
Joalharia do Carmo opens in Paris within months. Its owner is pushing just two of its thirteen brands abroad, canned fish and filigree, while telling Lusa it plans no expansion at all of its Portuguese network.
EU farm input prices rose 4.7 percent in the second quarter while what farmers were paid fell 5.8 percent. Portugal had the gentlest increase in the Union and will not be spared the result.
A Portuguese bank lends, a Portuguese company builds and the Portuguese taxpayer covers 95 percent of the risk. The State charges 30.89 million euros for standing behind it.
