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Overseas bike purchases have grown 62% since 2015.

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Overseas bike purchases have grown 62% since 2015.

The demand for bicycles from the Portuguese is growing. Domestic production is not enough to provide an answer.

The Portuguese want to give more and more pedals. Even though the country has a yellow export T-shirt, demand far exceeds supply.

As a result, from 2015 to 2020, the volume of purchases of bicycles abroad increased by 62%. Devices with electrical equipment are becoming more and more popular.

Last year, 172,222 bicycles were imported, according to figures obtained by JN / DV from the National Institute of Statistics (INE). Even during the pandemic, the market grew by 5% in 2019, Portugal received 163,935 units.

In 2020, more than three-quarters of imports were conventional bicycles, meaning that value-added units already had 25% of the market.

“People are looking for a healthy, economical and at the same time environmentally friendly form of transport. Many European cities and countries have launched or accelerated bold investment programs to support and encourage active modes of transport and restrict car use, ”he justifies Rui Igreja, leader of the Association for Urban Mobility Cycling (MUBi).

The demand for this item was felt in the Sport Zone stores. “It started both with the first conclusion and after that, which demonstrates the growing trend of the Portuguese towards outdoor sports,” says the official source.

However, “a gap in inventory in some segments was inevitable in the past year, mainly due to the difficulties the factories faced in responding to all inquiries.”

However, INE data shows that imports of aid units dropped to 41,976 units last year, up from 43,922 units in 2019.

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In the Sport Zone, bike sales have “stabilized and are proceeding relatively well.”

But a new import record is expected in the first three months of this year.

Between January and March, Portugal acquired 37,974 bicycles internationally, up 30.5% from last year and 2019. Electric powered devices already account for more than a third of purchases.

More than 41 million

Bicycles brought to Portugal last year were worth 41.38 million euros, up from 25.5 million euros in 2015, up 62%.

more electricity there

The bicycle market share in Portugal is lower than abroad. “In some countries, electric bicycles already account for more than half of total bicycle sales,” says MUBi.

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Economy

The week starts with good news. Know how much you will pay to complete the deposit

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The week starts with good news.  Know how much you will pay to complete the deposit

There is good news for Portuguese drivers: fuel prices will fall this week, albeit slightly: “The evolution of the euro quotes indicates a one-cent-per-litre price decline for both petrol and diesel,” a source told a news outlet. major national oil companies Multinews.

The trend is also echoing at private label gas stations, which typically operate near hypermarkets, and they are reporting “a €0.0077 increase in petrol and a €0.0156 ‘sharp’ decrease in diesel,” another source said.

Thus, since the beginning of the year, gasoline 95 has already recorded a 12-week decline, which is contradicted by a 20-week growth. For diesel, this was the 14th drop since January, although we have to take into account the 17 increases already recorded in 2022.

According to the General Directorate of Energy and Geology (DGEG), gasoline 95 will decline for the 10th week in a row. In the case of a diesel engine, it will be the eighth. Gasoline in Ukraine is already at pre-war levels, although diesel has not yet reached this level.

Since the beginning of the year, the price of diesel fuel has increased by 18 cents per liter, while gasoline has become more expensive by 21 cents. This means that filling a 60-liter tank of diesel fuel next week will cost 10.8 euros more than in January. To fill a tank of 95 petrol, you need 12.6 euros more than in the first week of the year.

The latest European Commission Fuel Bulletin lists Portugal as the 13th most expensive petrol out of 95 of the 27 countries in the European Union. Diesel occupies 21st position in the European ranking. According to official data from Directorate General of Energy and Geology (DGEG)disclosed on their page, the average price of regular 95 petrol is currently 1794 euros per litre. A liter of diesel fuel costs 1735 euros.

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Saudi oil company Aramco posts record $48.4 billion profit in second quarter – ECO

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Saudi oil company Aramco posts record $48.4 billion profit in second quarter - ECO





Saudi oil company Aramco posts record $48.4 billion profit in second quarter – ECO






























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Economy

These are the highest paid professions in Portugal – Cidade Hoje

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These are the highest paid professions in Portugal - Cidade Hoje

The government intends to create another 10,000 kindergarten places in the coming years, the prime minister said today, calling the free childcare measures “a very important support for family income.”

“Now our goal is to expand over the next few years to 10,000 places in kindergartens across the country to meet the needs of families who are looking for kindergartens, but still do not have them,” said António Costa.

The Prime Minister spoke in Amadora, Lisbon, after visiting the Luis Madureira Kindergarten, accompanied by the Minister of Labor, Solidarity and Social Security, Ana Méndez Godinho, and the Secretary of State for Integration, Ana Sofia Antunes.

According to the chief executive, this increase in the number of places in kindergartens is provided for in an agreement that the government has signed “with the Union of Mercy, the Mutual Aid Union, the Union of Cooperatives, the National Confederation of Solidarity Institutions (CNIS)” and will be implemented under the Plan for Recovery and Resilience (PRR ) and Portugal 2030. Costa believes this increase in supply should be accompanied by a measure of free day care, as “many areas of the country”, including Amadora, have “many children” on the waiting list.

Regarding free day care, Costa said the measure will go into effect on September 1 and will be extended in the first year “to all children born on or after September 1, 2021.”

Next year, according to the prime minister, this allowance “will be extended to children who will attend not only the first, but also the second year, and, finally, in 2023, 2024 – to all children attending kindergartens.”

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“To be clear about what this means, it means that the state is no longer exclusively supporting the lowest income families that were in the first and second tiers, which already had free day care – but now covers all children. regardless of family income and, therefore, becomes a universal measure,” he said.

Citing the example of Luis Madureira’s kindergarten he attended, Costa emphasized that in this particular institution “there were 10 children who were covered free of charge at the moment”, which increased to 48 as of September of this year.

Thus, the prime minister considered that free kindergartens are “a very important process, because it will mean a very important support for families’ incomes.” However, Costa emphasized that this is not a “isolated measure” and should be considered in conjunction with other measures such as updating family allowance levels, increasing this allowance and creating a childhood guarantee.

“This year we are taking a very important step towards our goal of pursuing a strong child support policy that will help us cope with the demographic challenge and, in particular, support families with children, who, of course, we all feel who need special support. especially in this very difficult year that we are all going through,” he stressed.

However, the prime minister emphasized that these “efforts would not have been possible without the fulfillment of a number of conditions”, starting with the emphasis on “good budget management” by the state.

“Despite the context of uncertainty we are living through, today we are strong enough to take these steps to strengthen social policies without compromising public debt reduction goals,” he stressed.

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The second condition, according to the Prime Minister, is that “despite the surge in inflation” that is observed in Portugal, the economy “is holding up well” and companies “are finding new markets for exports.” and continue to “increase your production”.

Finally, the prime minister also underlined the “work in the spirit of closeness and solidarity” that the government is doing with “municipalities, as well as with all institutions of the third sector.”

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