Race against time : Portugal extends COVID-19 curbs to more areas as cases surge reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
LISBON, May 26 (Reuters) - Portugal’s government reported on Thursday a public deficit of 4.8 billion euros in the first four months of 2021, nearly three times higher than a year ago, after massive spending to support businesses and families during the coronavirus lockdown.
To fight a surge in COVID-19 infections in mid-January, which at the time was the deadliest outbreak per capita in the world, Portugal imposed a strict three-month lockdown, which has since been gradually lifted.
“The deficit is explained by the impact of the lockdown and the response to the pandemic, including the extraordinary measures targeted at families and businesses,” the finance ministry said in a statement.
Portugal's government reported on Thursday a public deficit of 4.8 billion euros in the first four months of 2021, nearly three times higher than a year ago, after massive spending to support businesses and families during the coronavirus lockdown.
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LISBON, April 26 (Reuters) - Portugal’s Galp Energia on Monday reported a 13% slump in adjusted first-quarter net profit, hit by a decline in oil production owing to constraints caused by the COVID-19 pandemic and slower refining activity. Galp suspended output at its largest refinery in Sines and its smallest, Matosinhos, in April 2020. It resumed production at both locations in June but halted Matosinhos again in early October and has yet to resume activity there.
Galp’s adjusted net profit fell to 26 million euros ($31.49 million), from 29 million a year earlier, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 6% to 499 million euros, the company said.
UPDATE 1-Portuguese oil company Galp s first-quarter profit falls 13% reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.