Monday , April 19 2021
Breaking News
Home / International Customs / Portugal (page 25)

Portugal

Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Vodafone Portugal sheds 164,000 mobile customers in Q4

LISBON: Vodafone Portugal saw its organic decline in service revenues slow somewhat in the last quarter of its fiscal year, to 3.4 percent. The operators said it continues to see a decline in mobile service revenue driven by convergence pricing pressure and intense competition, partially offset by strong fixed revenue growth. For the second half of the year to March, ... Read More »

Portugal gets bids from 3 bidders for struggling flag carrier

LISBON: Portugal’s government has received three bids for the struggling state-owned flag carrier TAP in its second attempt to privatise the heavily indebted airline since 2012. Transport Secretary Sergio. Transport Secretary Sergio Monteiro would not disclose the names of investors or institutions that made the offers, but sources close to the process told Reuters two Brazil-based aviation tycoons and One ... Read More »

Portugal’s consumer association calls €20 airport taxi flat rates a brutal

LISBON: The Association of Consumers of Portugal (ACOP) said on Tuesday it was “completely against” a single fare for taxis at airports, adding that the increase was “brutal”. ACOP said in a communiqué released today that the agreement for the airport taxis was illegal since consumer associations “have the right to participate in price regulation processes”. Taxi association ANTRAL is ... Read More »

Portugal’s water company turns in €100 million plus profit

LISBON: The Águas de Portugal (AdP) water and sanitation provider turned in a €102.4 million profit in 2014, according to a statement from the company Tuesday. The 2014 financial year “stood out for the very favourable trends in the main economic-financial indicators and from the outset including a reduction in the net debt level that closed on €2.4 billion, down ... Read More »

Portugal’s Vodafone sees operational result slide by 22.8% to €148.6m

LISBON: The adjusted operational result of Vodafone Portugal fell back 22.8% to £108 million (or €148.6 million) in the financial year through to March 31, according to a statement from the company on Tuesday. EBITDA was down 6.5% at £289 million (around €398 million) with turnover dipping 13.3% to £771 million (€1.071 billion) said the company presenting its annual report. ... Read More »

Portuguese TAP privatisation immediate cash injection of €325m

LISBON: One proposal for the privatisation of the Portuguese flagship carrier TAP promises immediate cash injection of €325 million, according to business magnate Miguel Pais do Amaral, when describing the bid made by the consortium he leads. In a statement on Tuesday, Pais do Amaral said his consortium named Quifel featured “large scale international financial investors with high levels of ... Read More »

Portugal’s Customs drug trafficker detained at Lisbon Airport

LISBON: SEF Customs immigration officers at Lisbon Airport Monday detained a suspected drug trafficker who had arrived on a flight from São Paulo, Brazil. According to SEF the 39-year-old man was flagged as banned from entering Schengen Area Member States and was intercepted as officers checked his documents. He was found to be carrying an unknown quantity of unspecified drugs ... Read More »

Portugal’s economy improves, people still struggle under austerity measures

LISBON: One year after gaining freedom from the control of its international creditors, Portugal has succeeded in dramatically improving its economy, though most people are still struggling under the stringent austerity measures. In 2011, Portugal received a 78 billion euro (89 billion dollar) loan to save its failing economy, joining one of the EU’s other struggling economies, Ireland, in being ... Read More »

STDM Portuguese casino operations lose MOP18.5m

LISBON: Sociedade de Turismo e Diversões de Macau (STDM) casinos in Portugal recorded losses of MOP18.5 million (1.74 million euros) during 2014. The group cited decreasing gaming revenue and increasing taxes as the reason. In Portugal, STDM’s subsidiary Finansol – Sociedade de Controlo SGPS S.A. controls casinos in Estoril, Lisbon and Póvoa de Varzim via holding company Estoril Sol SGPS ... Read More »

Portugal’s Altice May losses 15% revenue in Q1-2015

LISBON: Altice reported a 15 percent decrease in revenues in Portugal during the first quarter of 2015, from EUR 46.1 million to EUR 39 million. The result reflects a 10 percent decline in B2C revenues and a 22 percent decline in B2B and wholesale revenue. EBITDA fell from EUR 14.7 million to EUR 13.2 million due to a fall in ... Read More »

Portugal gets 3 bids in TAP airline privatization

LISBON: The Transport Secretary Sergio Monteiro said on Friday that Portugal’s government has received three bids for the struggling state-owned flag carrier TAP in its second attempt to privatise the heavily indebted airline since 2012. He would not disclose the names of investors or institutions who made the offers, but sources close to the process told Reuters two Brazil-based aviation ... Read More »

Portugal gets 3 bids in TAP airline privatization

LISBON: The Transport Secretary Sergio Monteiro said on Friday that Portugal’s government has received three bids for the struggling state-owned flag carrier TAP in its second attempt to privatise the heavily indebted airline since 2012. He would not disclose the names of investors or institutions who made the offers, but sources close to the process told Reuters two Brazil-based aviation ... Read More »

Portugal’s UGT union calls for minimum wage of “about” €522

LISBON: The secretary-general of the UGT, Portugal’s second largest trade union federation, has said that it intends in September to propose that the minimum monthly salary be increased to “about” €522. The minimum wage has stood at €505 since last October, when it was increased from €485 with the agreement of the UGT and employer confederations; the larger CGTP trade ... Read More »

Portugal’s EU economic transformation details since 1985

LISBON: The weight of Portuguese exports as a percentage of GDP rose from 21.3 percent prior to joining what became the European Union in 1985 to 27.8 percent in 2014, the National Institute of Statistics reported last week. The report, released in commemoration of Europe Day, traces the major structural changes since joining the union, including the rise of Spain ... Read More »

Portugal’s hotel sector slashes over 53,000 jobs in 2 quarters

LISBON: The last six months has seen Portugal’s hotel and restaurant sectors shed almost 53,000 jobs representing an accumulated fall of 17.5 percent over the last two quarters, AHRESP, the sector’s association, reported. AHRESP requested the National Institute of Statistics to provide the specific statistics for its sector following Wednesday’s report of a 0.2 percent year-on-year rise in Portuguese unemployment ... Read More »

Portugal’s FM to give 5% bonus to tax workers this year

LISBON: The Finance Ministry this week issued a decree stating that tax workers would receive a five percent commission for their success last year in forcibly collecting unpaid taxes. In 2014, tax officials managed to extract €1.148 billion, beating the target of €1.1 billion set out at the beginning of the year by the Government. In a publication in Monday’s ... Read More »

Portugal’s EC reduces 3.1% budget deficit of GDP in 2015

LISBON: The European Commission (EC) on Tuesday improved its forecast for Portugal’s budget deficit in 2015, now saying it is going to be 3.1 percent of Gross Domestic Product (GDP), but still over the 3 percent defined by European rules and considerably higher than government forecasts. In its spring economic outlook, published today, Brussels updated its estimates for the European ... Read More »

Portuguese Fred Olsen Cruise Lines to base 1,350 guest ship in Newcastle in 2016

LISBON: Fred Olsen Cruise Lines (FOCL) will base its 1,350-guest Balmoral ship in Newcastle for the first time in 2016. The company has more than 100 years of heritage in running passenger services from the Port of Tyne, and has been operating regular cruise calls from Newcastle since 2006. From May to August 2016, Balmoral will offer 11 departures from ... Read More »

Portugal’s economy improves after 2011 bailout:IMF

LISBON: Portugal’s economy is improving on the back of short-term benefits but the country still needs to tackle deep-rooted problems that date from before its 2011 bailout, the International Monetary Fund said in a report published Friday. Portugal like the rest of the eurozone — is benefiting from low interest rates, low oil prices and the weak euro currency which ... Read More »

Portugal’s TAP pilots strike costs over €8.4m within 3 days

LISBON: The Portugal’s government official stated that the effects of the strike by TAP pilots has not been as profound as first anticipated, the company revealed last night that the action had already come at an expense of €8.4 million. After three days of the ten days of the action, an average of around 70 percent of flights have managed ... Read More »