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    Archives

    Monthly Archive for: "Abril, 2021"
     Horta-Osorio joins Credit Suisse today
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    By Fernando Caetano
    In Banks, Finance, News
    Posted 30 Abril, 2021

    Horta-Osorio joins Credit Suisse today

    Portuguese banker António Horta-Osorio, who turned the fortunes of Lloyds Bank around from 2011, starts work at Credit Suisse today. One of Europe’s longest-serving bank CEOs, he admitted in an [...]

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     GDP falls 3% in 2021 because of lockdown
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    By Fernando Caetano
    In Economy, News, Trade
    Posted 30 Abril, 2021

    GDP falls 3% in 2021 because of lockdown

    As was expected, Portugal’s economy contracted in the first three months of 2021 with GDP falling 3.3% (compared to the fourth quarter in 2020). In like-for-like terns the fall was 5.4% However, [...]

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     Mota-Engil nets €165 million Peru contract
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    By Fernando Caetano
    In Companies, Construction, Infrastructure, News
    Posted 30 Abril, 2021

    Mota-Engil nets €165 million Peru contract

    The Portuguese construction giant Mota-Engil has won a €165 million contract in Peru for a building contract in Porto de Callao. “The contract was awarded to its subsidiary company in Peru by [...]

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     OECD:  Portugal takes 27.4% in tax
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    By Fernando Caetano
    In News, Tax
    Posted 30 Abril, 2021

    OECD: Portugal takes 27.4% in tax

    According to the OECD, Portugal continues to be among the countries that charges most income tax and social security contributions in advanced economies worldwide. In 2020, a Portuguese employee [...]

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     Travel falls 41.1% in 2020
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    By Fernando Caetano
    In News, Tourism, Travel
    Posted 30 Abril, 2021

    Travel falls 41.1% in 2020

    The number of trips overseas taken by people resident in Portugal fell to its lowest level of the decade by 41.1% last year. The impact of the Covid-19 pandemic and the introduction of more [...]

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     Investors eye largest property deal of 2021
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    By Fernando Caetano
    In Funds, News, Property
    Posted 28 Abril, 2021

    Investors eye largest property deal of 2021

    The sale of ECS restructuring funds enters its second phase this week with three investors in the running: Davidson Kempner, Bain/Cerberus and Oaktree. Davidson Kempner, a consortium formed by [...]

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     No tax relief for guest house owners
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    By Fernando Caetano
    In Catering and Hospitality, Local Accommodation, News, Tourism
    Posted 28 Abril, 2021

    No tax relief for guest house owners

    The Portuguese parliament has thrown out a call for tax relief to help beleaguered guest house owners operating in the country through local accommodation and airbnb schemes. Last week several [...]

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     Portuguese skate board startup nets €570,000
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    By Fernando Caetano
    In News, Start-Up
    Posted 28 Abril, 2021

    Portuguese skate board startup nets €570,000

    An innovative Portuguese startup which has designed an application for skateboard users has received €570,000 in venture capital investment. Hunter Boards which has an independent suspension, has [...]

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     Portugal ends VAT exemption for non-EU online purchases
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    By Fernando Caetano
    In Brexit, Money, News, Tax
    Posted 28 Abril, 2021

    Portugal ends VAT exemption for non-EU online p...

    Buying goods such as books, music and other items is about to get more expensive for British, US and other non-EU citizens living and working in Portugal. New rules governing online commerce and [...]

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     Portugal expected to be on UK’s holiday destination green list
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    By Fernando Caetano
    In Covid-19, News, Tourism
    Posted 28 Abril, 2021

    Portugal expected to be on UK’s holiday destina...

    Unrestricted travel to Portugal for holidays and leisure purposes from the United Kingdom should soon get the green light. According to the Daily Telegraph, Portugal will be on the British [...]

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